refer to PSD Circular No. 09 of 2018 dated
November 28, 2018 on the subject of ‘Security
of Digital Payments’.
With regard to Point number (vi) of
the above-referred Circular, card-issuing
banks/MFBs shall now replace all existing
payment cards (except social transfer
cards) with EMV chip-and-PIN payment
cards by December 31, 2019.
Further, in order to facilitate banks/MFBs
for smooth and uniform implementation of the
instructions contained in PSD Circular No.
09 of 2018, Frequently Asked Questions (FAQs)
are being issued. The FAQs will be updated
as and when required.
All other instructions of PSD Circular No.
09 of 2018 shall remain unchanged.
Please acknowledge receipt.
on PSD Circular No. 09 of 2018 (04 pages)