Tell me the difference in online transaction mode using debit card

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Hi, I know that RBI has instructed the online sites not to save the card details from this OCtober1, 2022 onward.

I also heard about tokaneisation concept introduced by RBI.

The second one, I do not know what it actually means.

Can I do the online transactions, ofcourse, by entering the card no, cvv, date of expirty etc.

I know that I have to enter the card no. for each transaction. That is not trouble some procedure.

What I want is what is tokenisation. Should One prefer it .

Is it a kind of token 1 2 3 to the same online website for three online transactions. Should we have to purchase tokens for them

Totally confusing technical terminology by banks.

Would somebody clarify on all my points.

Replies (2)

Whenever you make a payment online using debit or credit cards, you have to enter your card details, including the card number, your name, expiry date and the three-digit CVV. These card details are stored by the merchant’s platforms using masking and other security measures.

In cases where merchants use payment processors directly instead, the card details are stored by those processors.

In tokenization, your card number is replaced by a random token number. The payment processors and banks have systems in place to map your card number to the token number, so the payment is debit and credit to the correct card holder’s account.



The next time you pay online for something using your debit or credit card, the payment processor will ask you if you want to “Save card as per RBI guidelines” or “Secure your card”.

Click on save and enter the OTP you receive on your mobile number.

That’s it, your card is now tokenized.

Thanks....Mr. Rambhia sir for information


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