Signals, Powered By EquityPandit
On Thursday, the Reserve Bank of India has extended the deadline for banks for issuing chip-based and PIN enabled debit and credit cards.
According to a RBI notification, “It has been decided to grant extension of time for issuance of EMV Chip and Pin cards for cards issued under the Prime Minister Jan Dhan Yojana (PMJDY), Basic Saving Deposit Account to September 30, 2016.”
It further added that “For all other cards other than mentioned above, the date for banks to issue only chip-based and PIN enabled debit and credit cards has been extended to January 31, 2016.”
