Mastercard will be prohibited from issuing debit, credit, or prepaid cards to customers in India from 22 July 2021 (22.07.2021). The reason behind this action is the bank said Mastercard had not complied with rules requiring foreign card networks to store data on Indian payments exclusively in India.
Mastercard is the second-largest credit card issuer in India and the Indian central bank’s tough stance could have implications on foreign relations. The RBI has been pushing all regulated entities to store data relating to Indian customers on Indian soil since April 2018. RBI norms also allow data to be sent abroad for processing but the same must be deleted from overseas servers by end of the day.
India bans Mastercard
Mastercard is not met with RBI rules (mentioned above) and it stands out that RBI India bans Mastercard to issuing new cards in India from 22 July 2021. Mastercard announced that “We will continue to work with them to provide any additional details required to resolve their concerns”. India bans Mastercard action takes effect on July 22, 2021.
The RBI’s decision will not impact existing customers of Mastercard, and the company should advise all card-issuing banks in India to comply with the order, the RBI added.
MASTERCARD: Standard, world, world elite
Mastercard’s three levels of benefits are Standard, World, and World Elite:
- Standard benefits include emergency card replacement; identify theft protection and zero fraud liability. Prior to July 2019, you also got extended warranty protection and price protection, but those two perks have been eliminated.
- World benefits include the Standard-level offerings as well as cellphone insurance; access to trip planning and travel benefits through Mastercard Travel & Lifestyle Services; access to a concierge; and discounts and promotions with select retailers.
- World Elite benefits include the World benefits, plus golf benefits and additional discounts and promotions.
Announcement from Mynuts related to this RBI decision:
Mynuts accepts all major Credit Cards, Debit Cards, Online Bank Transfer (Instant) with our payment partner RazorPay, Google Pay, Paytm, and Direct Bank transfers and you can pay for your order without any issue.
We deliver your orders with care and Hygiene. Orders are shipped within 2-3 business days or as per the delivery date agreed at the time of order confirmation. Discover our amazing collection of online dry fruits and nuts.
Buy Dry Fruits Online in India
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Kimia Dates 500g (with Seed)180.00 ₹Order via WhatsApp
California Almonds 500g, 100% Natural Badam575.00 ₹Order via WhatsApp
Walnut 250g (Without Shell)Add to cart
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- Best quality Kashmiri Walnut online with us
- Premium quality, amazing taste, soft in chewing
- Best as a snack
- Rich in beneficial nutrients. Maximum Shelf Life: 6 Months
- Healthy ready food to curb those hunger pangs
- Highest Quality Walnuts
Dried Figs Anjeer 500g650.00 ₹Add to cart
Anjeer makes a part of every dietary recommendation, being low fat, low sodium, low cholesterol, and high fiber. It also has the highest mineral content among other common fruits. Anjir helps maintain blood pressure, decreases water retention, and promotes bone health.
SIZE: SMALLOrder via WhatsApp
California Almonds 1Kg, 100% Natural Badam1,125.00 ₹Order via WhatsApp
Kimia Dates 1Kg (with Seed)350.00 ₹Order via WhatsApp
Organic Cane Sugar / Nattu Sakkarai / Jaggery Powder 1KgAdd to cart
Enrich your family food with Iron Rich Chemical Free, Natural Sweetener Great for Coffee, Tea, Milk and Sweet Products.
இயற்கையாக உற்பத்தியான கரும்பிலிருந்து சாறுபிழிந்து பாரம்பரிய முறையில் தயாரித்து தருகிறோம். ஆரோக்கியத்திற்கு உத்திரவாதம்.Order via WhatsApp
Turkel Apricots 200g200.00 ₹Add to cart
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- Gluten free, high in protein
- Low in calories, high in nutrients
- Can be consumed with salad muffins cakes juices or sweets
- Consume it directly as a snack
- Add in your breakfasts like oats etc
- Keeps the heart healthy
- Helps to improves vision
- Helps to nourish the skin
- Helps to strengthen bones
California Almonds 250g, 100% Natural Badam290.00 ₹Order via WhatsApp
Dried Grape Kismis / Raisin 500g210.00 ₹Add to cart
Buy Raisins 500g Online. Raisin refers to the regular Indian raisins. Packed with nutrients, these are one of the healthiest snacks. The wrinkled fruit is high in nutrients and can be consumed on a daily basis. It can also be added to light snacks like yogurt for an extra boost of vitamins and antioxidants.Order via WhatsApp
Whole Cashew Nut W180 500g750.00 ₹Order via WhatsApp
Green Pista Without Shell 250g420.00 ₹Add to cart
Good sources of protein, fats, and minerals.
Excellent source of vitamin-E, Good for Skin.
Protects from diseases, cancers, and infections.