2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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9 Months
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12 Months
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3 Months
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6 Months
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Detailed explanation-1: -To avoid ‘disruption’, RBI extends card tokenisation deadline by 3 months | Business News,The Indian Express.
Detailed explanation-2: -By September 30, all credit and debit card information used for online, in-app and point-of-sale (POS) transactions must be replaced with distinct tokens, according to the Reserve Bank of India (RBI).
Detailed explanation-3: -The Reserve Bank of India (RBI) had extended the deadline for tokenisation of debit and credit cards to September 30, 2022.
Detailed explanation-4: -With the card tokenisation deadline of September 30, 2022 – set by the RBI – about to end, you may face inconvenience due to discontinuation of the existing mandates. As a result, all your old standing instructions involving a debit card or credit card will stand cancelled from October 1, 2022.
Detailed explanation-5: -The tokenization of card-based payments will be implemented from October 1, 2022. What is tokenization?