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RBI puts a restraint on Online payments thru Credit cards.

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n order to make online transactions Safe & Secure, Reserve Bank of India (RBI) has passed a new mandate with effect from 1st August 2009, wherein online credit card based transactions will include a new verification process. From the 1st of August 2009, every time you make an online payment, you will be directed to your bank’s website where you will be asked to enter an additional password as an extra level of authentication.So register with your bank before the 1st of August to continue your online transactions.

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