RBI Bank has made changes in some rules. Now bank account holders will have the option to choose the card themselves. Under this decision, Mastercard like Visa has to be abolished. These decisions can be beneficial for the customers. Why will the competition between the companies increase, then they will compete to provide facilities to the customers. This decision will also affect the payment channel of banks Rs. Till now, private sector banks used to give customers the option to choose only Visa or Mastercard as the banks had tie-ups with these card companies.

Rbi gave more value to Rupay Card

The Reserve Bank of India has issued great offers for the customers. In which banks and non-banking units were given the option to choose the card network for their customers. RBI aims to facilitate transactions between card issuers and merchant stores. Till now this happens. That some credit or debit cards do not work at some places. This usually happens at the time of payment with the merchant.

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Comparative analysis and information of other cards to the customers?

If the Reserve Bank of India wants to attract more customers. So she wanted to compare her card with other cards in the market and how the bank's card is better than others. He should also be given complete information. The proposal will provide an opportunity to the banks to further strengthen their security and control procedures. This offer of RBI Bank is very beneficial for its customers.

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Application related information
1.Bank : Express Bank of India
Card Network: American Express Banking Corp

Bank: Bank of BarodaCard Network
Card network: Diners Club International

Bank: Bank of Baroda
Card Network: Visa Worldwide Limited

Bank: State Bank of India
Card Network: MasterCard Asia/Pacific Pte.

Bank: Punjab National Bank
Card Network: National Payments Corporation of India – RuPay

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