New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The Reserve Bank of India (RBI) extended the deadline

    for cards tokenisation till __________.
    A February 1, 2022 Correct Answer Incorrect Answer
    B April 30, 2022 Correct Answer Incorrect Answer
    C June 30, 2022 Correct Answer Incorrect Answer
    D July 1, 2022 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Reserve Bank of India (RBI) extended the deadline for cards tokenisation till June 30, 2022. Tokenisation means replacement of credit and debit cards details with an alternate code called a "token". Tokenised cards are considered safe for online transactions, as the card details are not shared with the merchant during transaction processing.

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