Monday, December 2, 2013

Punching PIN must for debit card use from Dec 1



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 minimising 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.