RbiSearchHeader

Press escape key to go back

Past Searches

Theme
Theme
Text Size
Text Size
S2

Notification Marquee

RBI Announcements
RBI Announcements

RbiAnnouncementWeb

RBI Announcements
RBI Announcements

Asset Publisher

55316726

Issue of Smart/Debit Cards

RBI/2003-04/275
DBOD No. FSC.BC. 106/24.01.019/2003-04

June 30, 2004

All Scheduled Commercial Banks

Dear Sir,

Issue of Smart/ Debit Cards

At present, smart cards/ debit cards/ stored value cards/ value added cards etc. can be issued only by banks and non-banking entities are not permitted to issue such cards. Besides, in terms of the paragraph 2 of our Circular DBOD.No. FSC.BC.123/24.01.019/99-2000 dated November 12, 1999, banks were advised that they should not issue smart/ debit cards in tie-up with any other non-bank entities. Banks are advised to scrupulously adhere to the above instructions and not enter into arrangements for issue of such cards through direct or indirect tie-up with any non-banking entity without our prior approval.

Yours faithfully,

 

(Prashant Saran)
Chief General Manager


RbiTtsCommonUtility

PLAYING
LISTEN

Related Assets

RBI-Install-RBI-Content-Global

RbiSocialMediaUtility

بھارت موبائل ایپلی کیشن کے ریزرو بینک کو انسٹال کریں اور تازہ ترین خبروں تک فوری رسائی حاصل کریں!

Scan Your QR code to Install our app

RbiWasItHelpfulUtility

یہ صفحہ مددگار تھا؟