RBI unlikely to extend September 30 deadline for credit, debit cards

RBI first introduced the norms in 2019 and after several extensions ordered all companies in India to purge saved credit and debit card data from their systems by October 1, 2022.

• Despite small traders demanding a delay in the compliance date, there is no indication by the central bank that an extension of the deadline is likely.



Bankers and merchants say that despite some concerns over payment failures and revenue loss, India's central bank has extended Friday a deadline for businesses to install an additional layer of protection for consumers' credit card data. is unlikely.

Despite calls by small traders to delay the compliance date, there has so far been no indication by the central bank that an extension of the time frame is likely, three banking and trader sources with information regarding this situation told Reuters.