Published On : Wed, Jul 14th, 2021

RBI bars Mastercard from adding new clients

Advertisement

The Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard from onboarding new domestic debit, credit or prepaid card customers on its network from July 22, 2021 onwards. The action has been against the payment system operator for violating the central bank’s norms on storage of payment systems data.

Advertisement
Advertisement
Advertisement

Gold Rate
15 May 2025
Gold 24 KT 92,100/-
Gold 22 KT 85,700/-
Silver/Kg 94,800/-
Platinum 44,000/-
Recommended rate for Nagpur sarafa Making charges minimum 13% and above