New Delhi: If you have an account with the bank, then there can be good news for you. The Reserve Bank of India (RBI) has given green signal to a new scheme. The RBI has said in its announcement that in the coming time, electronic cards will be issued to the account holders on behalf of banks.

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RBI has given concession in the rules for this. According to this, customers holding overdraft accounts in banks have been allowed to issue electronic cards. This facility is for those overdraft accounts which are like personal loans. Giving information, RBI has said that according to the guidelines of July 2015, banks have been allowed to issue debit cards to savings bank and current account customers.

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Credit and loan account holders will not get the benefit of this facility. This benefit will only be given to the customers having bank overdraft accounts. RBI has also clarified that the electronic card will not be issued for a period longer than the validity of the overdraft facility given to the customer. This electronic card will be for transactions in the country only.

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