No PIN required for online transactions up to ₹2,000: RBI

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No PIN required for online transactions up to ₹2,000: RBI

The Reserve Bank of India on Tuesday announced that no PIN will be required for all card-not-present transactions including online payments up to ₹2,000. Customers opting for the facility will go through a one-time registration process requiring entry of card details. Thereafter, no PIN will be required from the registered customers for transactions up to ₹2,000.

Source: https://www.inshorts.com/news/no-pin-required-for-online-transactions-up-to-%E2%82%B92000-rbi-1481086376409

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