The Reserve Bank on India had asked banks to issue only chip-based and PIN enabled debit and credit cards with an aim to protect customers from frauds. EMV chip card protects against counterfeit (skimming) card fraud. EMV chip card and PIN protects against both counterfeit (skimming) and lost and stolen card fraud.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2wsTeJv
Switch to chip-based debit cards by Dec 31: SBI to customers
![Switch to chip-based debit cards by Dec 31: SBI to customers]()
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