State Bank of India (SBI), the country's largest lender, has requested the Reserve Bank of India to allow it to waive the condition of mandatorily entering the mandatory PIN for certain transactions.
“We have requested the central bank to (do so) in the case of Tap and Go cards that we are planning to launch. If allowed, Rs 2,000 has been requested by us per transaction and appropriate daily limits would be fixed, subject to approval from RBI/ bank's Board.