These will also include co-branded debit cards where there is an immediate debit to the customers' account, and where straight through processing is involved.

Banks which are presently issuing offline debit cards may conduct a review of their offline debit card operations and discontinue operations of such cards within a period of six months from the date of this circular.

The RBI also said that with a view to reducing the instances of misuse of lost/stolen cards, banks may consider issuing cards with photographs of the cardholder or any other advanced methods that may evolve from time to time.

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