CoF Card Tokenization: The month of October will start in a few days. As soon as this month starts, some big changes will be seen which are related to the expenditure in your month. During this, many major changes related to Demat account, LPG price, and credit card will be revealed. Let’s know about them.
New rules for credit card The
The Reserve Bank of India (RBI) is about to change the rules related to credit cards. The new payment rules will come into effect in October. The card-on-file tokenization (COF card tokenization) rule is going to come into effect from October 1. Under this system, token numbers will be issued for large networks like Visa, and Mastercard. This facility is completely free for users.
Changes related to Demat Account
You need to activate the 2 Factor Authentication system for your Demat account login to use the trending account from 1st October. If you have not done so, you will not be able to use your account. The NSE has issued instructions saying that every Demat account holder will have to first do his/her biometric verification and can use the password for the second authentication.
The price of LPG (LPG)
Companies will change the price of gas on the first day of October. There was no change in LPG prices in September, though commercial gas prices declined slightly. Now the festival is coming in the month of October, given that it is expected that companies can reduce the price of gas.
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