Many of us have heard about Credit or Debit card frauds/misuse from our acquaintances in the recent past. Earlier, transactions would not require OTP verification while executing the transaction. It had left a big loophole open and was being misused by firms, who used to store credentials. Transactions would get executed well after the subscription period. I myself faced issues with Netflix subscriptions, which would automatically debit the amount from my card. This was specially risky, if are planning to stop the subscription on that day. Now, RBI has come us with a new set of rules for cards issued in India. For New Cards or Reissued Cards During issue…