Is your credit/debit card secure yet?

A new directive by Reserve Bank of India makes it mandatory to provide an extra password before any online payment made by credit/debit card is processed. Else, the payment will be rejected. The policy comes into effect from Aug 01.

The Reserve Bank of India has passed a notification that all online payments done by credit/debit cards will be processed only after a secure code is provided by the users. This policy comes into effect from August 1. It is an extra measure – called Verified By Visa or MasterCard SecureCode – to safeguard your online payments.

To get this password, simply register your credit/debit card with the issuing bank’s website.

Here’s a quick list of banks and financial institutions -

ABN Amro Bank Axis Bank Barclays Bank Canara Bank Citibank Corporation Bank Deutsche Bank HDFC Bank HSBC Bank ICICI Bank Karur Vysya Bank Punjab National Bank State Bank of India Standard Chartered Bank

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