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RBI restricts customers from sharing card details for online payments

Shortpedia

Content Team
Image Credit: shortpdia

Clients' HDFC Bank card data held on merchant websites or apps would be erased by merchants with effect from January 1, 2022, as per the RBI guideline for increased card security, according to a recent SMS advisory from HDFC Bank to its customers. You can either provide your complete 18-digit card number each time you pay online, or you can employ tokenisation. The decision was made in response to the RBI rule.