From Oct 1, save card details for online use with these steps
Gowrish Babu
The credit card and debit card tokenisation rules will come into effect from October 1.
Under these rules, domestic merchants cannot store your card information like its number and CVV when you make an online payment.
The RBI has notified these tokenisation guidelines to make the online payment system more secure and safe.
Here is a step-by-step guide to tokenise your Credit card and debit card in simple steps:
Visit the most frequently used online website or mobile application to purchase items including food, grocery, or clothes, and then initiate a transaction.
Enter the credit card or debit card payment option. Now provide the CVV details.
Select “Secure your card" or “Save card as per RBI guidelines".
Click on save and enter the OTP received on your mobile number.
Your credit or debit card is now successfully tokenised and is secured.
Merchants will not be able to access your information anymore.