Tuesday, December 3, 2013

Punching PIN must for debit card use from Dec 1

Dear Comrades,

New Delhi, Nov 30 (PTI) Debit card holders will from Sunday be required to punch in their PIN numbers every time they use the card, a move aimed at minimizing frauds.

In June, the Reserve Bank had extended the deadline for implementation of mandatory PIN punching at Point-of-Sales (PoS) and merchant outlets till November 30 following representation of banks.
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