RBI extends timeline for card-on-file tokenisation till June 30,2022

Based on representations from various stakeholders, the RBI has decided to extend the timeline for storing of Card-on-File (CoF) data by six months, i.e., till June 30, 2022, post this such data shall be removed. Earlier vide circular CO.DPSS.POLC.No.S33 / 02-14-008 / 2020-2021 dated March 31, 2021 this timeline was extended to December 31, 2021.Based on representations from various stakeholders, the RBI has decided to extend the timeline for storing of Card-on-File (CoF) data by six months, i.e., till June 30, 2022, post this such data shall be removed. Earlier vide circular CO.DPSS.POLC.No.S33 / 02-14-008 / 2020-2021 dated March 31, 2021 this timeline was extended to December 31, 2021.taxmann.com Latest Statutory HappeningsRead More

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