Customers will now have the power to choose their desired credit card network or issuer.
LPSS is envisioned as the missing piece in India's digital payment landscape.
In this context, the State Bank of India (SBI) clarified that exchanging or depositing ₹2,000 notes would not require any requisition slip.
As per the guidelines of the Reserve Bank of India, banks must update the details of their customers periodically.
RBI, in its circular, stated that the deadline for completing the process of renewal of locker agreements for banks had been extended till December