RBI lifted the restrictions on Mastercard..!!!
New customers can also joinThe central bank had banned MasterCard from adding new domestic customers to its card network with effect from July 22, 2021. Let us tell you that under the rules of data localization, the company needs to keep the data of indian customers in the country itself. The central bank had banned the issuance of new cards on MasterCard for defying the rules of RBI.Mastercard was banned in india for almost a year. This limitation MasterCard (mastercard) was associated with accomplishing business. RBI-The bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">reserve bank of india has said that MasterCard has complied with the required parameters.