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All Magnetic Stripe-Only Debit And Credit Cards Need To Be Replaced By Dec 31: RBI
The Reserve Bank Of India (RBI) has mandated all banks in India to replace the magnetic stripe-only debit and credit cards with Europay, Mastercard, Visa (EMV) chip cards by December 31, 2018, thereby making the older debit and credit cards useless after the given date. A number of banks across the...