This new change simply eliminates all these additional charges for you. While you use digital platforms, always be mindful while using an authorised platform to ensure the safety of your account and money.
To protect consumers from fraudulent transactions, the Reserve Bank of India has mandated that mobile wallet users will be provided with the same safety as given to regular credit or debit card users.
Your old magnetic stripe-only cards are going to become obsolete after the deadline and will have to be replaced by what are called ‘EMV chip cards’, where EMV stands for Europay, Mastercard, Visa