Reserve Bank of India has recently introduced some additional Security and Risk Mitigation measures to reduce misuse of Credit Cards and Debit Cards issued in India from outside India
For most of us who rarely use our personal cards for non Rupee transactions there are a couple of things we can do , especially for cards that we already have
We can login-in into our card account online and either
- Set an International Credit/Spending Limit . So that we can limit the misuse
- Disable the card for International usage altogather . You can enable this again as when you may need it from your online account
Some banks like HDFC have already provided such an option and I’am sure other banks are in the process of providing such an option .
In case you would like to read the RBI Notification , read it here
My Simple Money Life 