RBI extends the timeline for card-on-file tokenization till June 30, 2022
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- Last Updated on 25 February, 2026
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Circular no. RBI/2021-2022/142 CO.DPSS.POLC.No.S-1211/02-14-003/2021-22 Dated: 23.12.2021
Based on representations from various stakeholders, the RBI has decided to extend the timeline for storing of Card-on-File (CoF) data by six months, i.e., till June 30, 2022, post this such data shall be removed. Earlier vide circular CO.DPSS.POLC.No.S33 / 02-14-008 / 2020-2021 dated March 31, 2021, this timeline was extended to December 31, 2021.
In addition to tokenization, industry stakeholders may devise alternate mechanism(s) to handle any use case (including recurring e-mandates, EMI option, etc.) or post-transaction activity (including chargeback handling, dispute resolution, reward/loyalty program, etc.) that currently involves/requires the storage of CoF data by entities other than card issuers and card networks.
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