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It is to be noted that tokens will be merchant specific. If a consumer has a single card but uses online purchases from different merchants, different tokens will be issued. A token will be of 16 digits and unqiue for a combination of card and merchant.
Under its Safe Digital Banking social campaign, the RBI has advised customers to register their mobile number and email with their respective banks to get instant alerts.
A lot of us carry very little cash with us these days. Since we carry debit cards in our wallets, we rely on automated teller machines (ATMs) to withdraw cash as per our needs.