Customers will get alerts on their e-mails for all transactions done through their debit or credit cards from 30th of June this year. The guidelines issued to the lenders by the Reserve Bank are aimed at checking fraudulent transactions and encouraging usage of cards by customers. RBI's initiative comes amid incidents of fraudulent withdrawals at ATMs. It is important to arrest the incidents of frauds in order to further encourage card based transactions in the country.
News On AIR | March 30, 2011 8:54 AM
Customers to get alerts for all transactions on their debit or credit cards