Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Chip plus PIN based cards

Chip plus PIN based cards

1 The RBI has directed banks to issue chip plus PIN based credit cards instead of the magnetic strip credit cards that were used earlier.

2 A chip plus PIN card has a chip embedded in the card that holds encrypted information about the card and transactions.

3 A PIN is provided as a second measure authentication for authorising the use of the credit card.

4 When a chip-based card is used at the point of sale terminal, the terminal reads the encrypted information on the card and prompts for a PIN. The transaction processed only if the PIN is entered correctly.

5 A chip plus PIN card offers protection against counterfeiting and prevents lost and stolen card frauds.

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saver Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call


Leave your comment with mail ID and we will answer them


You can write to us at

PrajnaCapital [at] Gmail [dot] Com


Leave a missed Call on 94 8300 8300


This post first appeared on Prajna Capital - An Investment Guide, please read the originial post: here

Share the post

Chip plus PIN based cards


Subscribe to Prajna Capital - An Investment Guide

Get updates delivered right to your inbox!

Thank you for your subscription