Credit card rules, gathered in one place

An unactivated card must be closed free of cost within seven working days, if the customer gives no consent.

named by the words credit card · RBI Para 11(6) · Read it in place

Banks must close a credit card within seven working days of the customer's request.

named by the words credit card · RBI Para 19 · Read it in place

Banks can charge late fees only after a bill is three days overdue.

named by the words credit card · RBI Para 23(5) · Read it in place

A bank cannot force a debit card on a customer or tie it to another facility.

named by the words debit card · RBI Para 48 · Read it in place

A charge card must be paid in full on the due date. No credit rolls over.

named by the words charge card · RBI Para 5(8) · Read it in place

Each bank must have a board-approved policy for issuing and running credit cards.

named by the words credit card · RBI Para 8 · Read it in place

Credit information already reported for an inactivated credit card must be withdrawn at once.

named by the words credit card · RBI Para 11(7) · Read it in place

Card issuers must quote annualised percentage rates for purchases, transfers, cash advances and default.

named by the words credit card · RBI Para 23(1) · Read it in place

Every card bill must list the grievance officer's name and contact details.

named by the words credit card · RBI Para 83 · Read it in place

This book covers how credit, debit and co-branded cards are issued and run.

named by the words co-branded card · RBI Para 4 · Read it in place

They are read with RBI's prudential, payment and cyber security directions on cards.

named by the words co-branded card · RBI Para 4 · Read it in place

The annual percentage rate is the yearly cost of credit, interest and all charges together.

named by the words credit card · RBI Para 5(2) · Read it in place

A business credit card is for business spending. It is not for personal use.

named by the words credit card · RBI Para 5(4) · Read it in place

A co-branded card is issued jointly and carries the names of both partners.

named by the words co-branded card · RBI Para 5(9) · Read it in place

A credit card carries a pre-approved revolving credit limit for goods, services or cash.

named by the words credit card · RBI Para 5(12) · Read it in place

The credit limit is the most revolving credit a cardholder may use on the account.

named by the words credit card · RBI Para 5(13) · Read it in place

A debit card is tied to a savings or current account and draws on that account.

named by the words debit card · RBI Para 5(14) · Read it in place

The total amount due is the full sum payable on that cycle's statement.

named by the words credit card · RBI Para 5(21) · Read it in place

Interest and fees are not counted when working out limit usage or overlimit charges.

named by the words credit card · RBI Para 12(5) · Read it in place

A card unused for over a year starts a closure process, after the customer is told.

named by the words credit card · RBI Para 20 · Read it in place

Banks can issue debit cards only to customers with a savings or current account.

named by the words Debit card · RBI Para 46 · Read it in place

Banks don't need RBI's prior approval to launch co-branded cards, if they meet set conditions.

named by the words credit card · RBI Para 54 · Read it in place

Banks need a net worth of ₹100 crore or more to offer credit cards, with board approval.

named by the words credit card · RBI Para 7 · Read it in place

An unactivated card must be closed free of cost within seven working days, if the customer gives no consent.

named by the words credit card · RBI Para 11(6) · Read it in place

Banks must close a credit card within seven working days of the customer's request.

named by the words credit card · RBI Para 19 · Read it in place

Banks can charge late fees only after a bill is three days overdue.

named by the words credit card · RBI Para 23(5) · Read it in place

A bank cannot force a debit card on a customer or tie it to another facility.

named by the words debit card · RBI Para 48 · Read it in place

A charge card must be paid in full on the due date. No credit rolls over.

named by the words charge card · RBI Para 5(8) · Read it in place

Each bank must have a board-approved policy for issuing and running credit cards.

named by the words credit card · RBI Para 8 · Read it in place

Credit information already reported for an inactivated credit card must be withdrawn at once.

named by the words credit card · RBI Para 11(7) · Read it in place

Card issuers must quote annualised percentage rates for purchases, transfers, cash advances and default.

named by the words credit card · RBI Para 23(1) · Read it in place

Every card bill must list the grievance officer's name and contact details.

named by the words credit card · RBI Para 83 · Read it in place

This book covers how credit, debit and co-branded cards are issued and run.

named by the words co-branded card · RBI Para 4 · Read it in place

They are read with RBI's prudential, payment and cyber security directions on cards.

named by the words co-branded card · RBI Para 4 · Read it in place

The annual percentage rate is the yearly cost of credit, interest and all charges together.

named by the words credit card · RBI Para 5(2) · Read it in place

A business credit card is for business spending. It is not for personal use.

named by the words credit card · RBI Para 5(4) · Read it in place

A co-branded card is issued jointly and carries the names of both partners.

named by the words co-branded card · RBI Para 5(9) · Read it in place

A credit card carries a pre-approved revolving credit limit for goods, services or cash.

named by the words credit card · RBI Para 5(12) · Read it in place

The credit limit is the most revolving credit a cardholder may use on the account.

named by the words credit card · RBI Para 5(13) · Read it in place

A debit card is tied to a savings or current account and draws on that account.

named by the words debit card · RBI Para 5(14) · Read it in place

The total amount due is the full sum payable on that cycle's statement.

named by the words credit card · RBI Para 5(21) · Read it in place

Interest and fees are not counted when working out limit usage or overlimit charges.

named by the words credit card · RBI Para 12(5) · Read it in place

A card unused for over a year starts a closure process, after the customer is told.

named by the words credit card · RBI Para 20 · Read it in place

Banks don't need RBI's prior approval to launch co-branded cards, if they meet set conditions.

named by the words credit card · RBI Para 54 · Read it in place

An unactivated card must be closed free of cost within seven working days, if the customer gives no consent.

named by the words credit card · RBI Para 11(6) · Read it in place

Banks must close a credit card within seven working days of the customer's request.

named by the words credit card · RBI Para 19 · Read it in place

Banks can charge late fees only after a bill is three days overdue.

named by the words credit card · RBI Para 23(5) · Read it in place

A bank cannot force a debit card on a customer or tie it to another facility.

named by the words debit card · RBI Para 48 · Read it in place

A charge card must be paid in full on the due date. No credit rolls over.

named by the words charge card · RBI Para 5(8) · Read it in place

Each bank must have a board-approved policy for issuing and running credit cards.

named by the words credit card · RBI Para 8 · Read it in place

Credit information already reported for an inactivated credit card must be withdrawn at once.

named by the words credit card · RBI Para 11(7) · Read it in place

Card issuers must quote annualised percentage rates for purchases, transfers, cash advances and default.

named by the words credit card · RBI Para 23(1) · Read it in place

Every card bill must list the grievance officer's name and contact details.

named by the words credit card · RBI Para 83 · Read it in place

This book covers how credit, debit and co-branded cards are issued and run.

named by the words co-branded card · RBI Para 4 · Read it in place

They are read with RBI's prudential, payment and cyber security directions on cards.

named by the words debit card · RBI Para 4 · Read it in place

The annual percentage rate is the yearly cost of credit, interest and all charges together.

named by the words credit card · RBI Para 5(2) · Read it in place

A business credit card is for business spending. It is not for personal use.

named by the words credit card · RBI Para 5(4) · Read it in place

A co-branded card is issued jointly and carries the names of both partners.

named by the words co-branded card · RBI Para 5(9) · Read it in place

A credit card carries a pre-approved revolving credit limit for goods, services or cash.

named by the words credit card · RBI Para 5(12) · Read it in place

The credit limit is the most revolving credit a cardholder may use on the account.

named by the words credit card · RBI Para 5(13) · Read it in place

A debit card is tied to a savings or current account and draws on that account.

named by the words debit card · RBI Para 5(14) · Read it in place

The total amount due is the full sum payable on that cycle's statement.

named by the words credit card · RBI Para 5(21) · Read it in place

A card unused for over a year starts a closure process, after the customer is told.

named by the words credit card · RBI Para 20 · Read it in place

Banks can issue debit cards only to customers with a savings or current account.

named by the words Debit card · RBI Para 46 · Read it in place

Banks don't need RBI's prior approval to launch co-branded cards, if they meet set conditions.

named by the words debit card · RBI Para 54 · Read it in place

An unactivated card must be closed free of cost within seven working days, if the customer gives no consent.

named by the words credit card · RBI Para 12(6) · Read it in place

NBFCs must close a credit card within seven working days of the customer's request.

named by the words credit card · RBI Para 19 · Read it in place

Card issuers can charge late fees only after a bill is three days overdue.

named by the words credit card · RBI Para 23(5) · Read it in place

A charge card must be paid in full on the due date. No credit rolls over.

named by the words charge card · RBI Para 5(8) · Read it in place

Each NBFC must have a board-approved policy for issuing and running credit cards.

named by the words credit card · RBI Para 8 · Read it in place

Credit information already reported for an inactivated credit card must be withdrawn at once.

named by the words credit card · RBI Para 12(7) · Read it in place

Card issuers must quote annualised percentage rates for purchases, transfers, cash advances and default.

named by the words credit card · RBI Para 23(1) · Read it in place

Every card bill must list the grievance officer's name and contact details.

named by the words credit card · RBI Para 77 · Read it in place

This book covers how credit, debit and co-branded cards are issued and run.

named by the words co-branded card · RBI Para 4 · Read it in place

They are read with RBI's prudential, payment and cyber security directions on cards.

named by the words co-branded card · RBI Para 4 · Read it in place

The annual percentage rate is the yearly cost of credit, interest and all charges together.

named by the words credit card · RBI Para 5(2) · Read it in place

A business credit card is for business spending. It is not for personal use.

named by the words credit card · RBI Para 5(4) · Read it in place

A co-branded card is issued jointly and carries the names of both partners.

named by the words co-branded card · RBI Para 5(9) · Read it in place

A credit card carries a pre-approved revolving credit limit for goods, services or cash.

named by the words credit card · RBI Para 5(12) · Read it in place

The credit limit is the most revolving credit a cardholder may use on the account.

named by the words credit card · RBI Para 5(13) · Read it in place

The total amount due is the full sum payable on that cycle's statement.

named by the words credit card · RBI Para 5(20) · Read it in place

Interest and fees are not counted when working out limit usage or overlimit charges.

named by the words credit card · RBI Para 13(5) · Read it in place

A card unused for over a year starts a closure process, after the customer is told.

named by the words credit card · RBI Para 20 · Read it in place

Card issuers don't need RBI's prior approval to launch co-branded cards, if they meet set conditions.

named by the words credit card · RBI Para 48 · Read it in place

A bank may not force a customer to take a debit card.

named by the words debit card · RBI Para 12 · Read it in place

The bank must review its debit card operations once every six months.

named by the words debit card · RBI Para 13 · Read it in place

A rural co-operative bank may not issue a debit card in tie-up with a non-bank.

named by the words debit card · RBI Para 18 · Read it in place

The partner may not see what the cardholder spends on the co-branded card.

named by the words co-branded card · RBI Para 25 · Read it in place

A bank may not send a customer a debit card he never asked for.

named by the words debit card · RBI Para 34 · Read it in place

The board must approve a full policy covering how debit cards are issued and run.

named by the words Debit card · RBI Para 7 · Read it in place

That policy must set the standard procedure for blocking or suspending a card.

named by the words debit card · RBI Para 7 · Read it in place

This book covers how debit cards and co-branded debit cards are issued and run.

named by the words debit card · RBI Para 4 · Read it in place

They are read with RBI's prudential, payment and cyber security directions on cards.

named by the words debit card · RBI Para 4 · Read it in place

A co-branded card is issued jointly and carries the names of both partners.

named by the words co-branded card · RBI Para 5 · Read it in place

A debit card is tied to a savings or current account and draws on that account.

named by the words debit card · RBI Para 5 · Read it in place

A bank does not need the Reserve Bank's prior approval to issue debit cards.

named by the words debit card · RBI Para 9 · Read it in place

A debit card may be issued only to a customer holding a savings or current account.

named by the words debit card · RBI Para 10 · Read it in place

A debit card may not be issued on a cash credit account or a loan account.

named by the words debit card · RBI Para 11 · Read it in place

An overdraft under Jan Dhan or a Kisan Credit Card account may still carry a debit card.

named by the words debit card · RBI Para 11 · Read it in place

Banks need a net worth of ₹100 crore or more to offer credit cards, with board approval.

named by the words credit card · RBI Para 7 · Read it in place

An unactivated card must be closed free of cost within seven working days, if the customer gives no consent.

named by the words credit card · RBI Para 11(6) · Read it in place

Banks must close a credit card within seven working days of the customer's request.

named by the words credit card · RBI Para 19 · Read it in place

Banks can charge late fees only after a bill is three days overdue.

named by the words credit card · RBI Para 23(5) · Read it in place

A bank cannot force a debit card on a customer or tie it to another facility.

named by the words debit card · RBI Para 48 · Read it in place

Each bank must have a board-approved policy for issuing and running credit cards.

named by the words credit card · RBI Para 8 · Read it in place

Credit information already reported for an inactivated credit card must be withdrawn at once.

named by the words credit card · RBI Para 11(7) · Read it in place

Card issuers must quote annualised percentage rates for purchases, transfers, cash advances and default.

named by the words credit card · RBI Para 23(1) · Read it in place

Every card bill must list the grievance officer's name and contact details.

named by the words credit card · RBI Para 83 · Read it in place

Issuing a card on renewal or replacement is not treated as an unsolicited card.

named by the words credit card · RBI Para 5(22) · Read it in place

Interest and fees are not counted when working out limit usage or overlimit charges.

named by the words credit card · RBI Para 12(5) · Read it in place

A card unused for over a year starts a closure process, after the customer is told.

named by the words credit card · RBI Para 20 · Read it in place

Banks can issue debit cards only to customers with a savings or current account.

named by the words Debit card · RBI Para 46 · Read it in place

Banks don't need RBI's prior approval to launch co-branded cards, if they meet set conditions.

named by the words credit card · RBI Para 54 · Read it in place

A bank may not force a customer to take a debit card.

named by the words debit card · RBI Para 12 · Read it in place

The bank must review its debit card operations once every six months.

named by the words debit card · RBI Para 13 · Read it in place

The partner may not see what the cardholder spends on the co-branded card.

named by the words co-branded card · RBI Para 25 · Read it in place

The board must approve a full policy covering how debit cards are issued and run.

named by the words Debit card · RBI Para 7 · Read it in place

That policy must set the standard procedure for blocking or suspending a card.

named by the words debit card · RBI Para 7 · Read it in place

This book covers how debit cards and co-branded debit cards are issued and run.

named by the words debit card · RBI Para 4 · Read it in place

They are read with RBI's prudential, payment and cyber security directions on cards.

named by the words debit card · RBI Para 4 · Read it in place

A co-branded card is issued jointly and carries the names of both partners.

named by the words co-branded card · RBI Para 5 · Read it in place

A bank does not need the Reserve Bank's prior approval to issue debit cards.

named by the words debit card · RBI Para 9 · Read it in place

A debit card may be issued only to a customer holding a savings or current account.

named by the words debit card · RBI Para 10 · Read it in place

An overdraft under Jan Dhan or a Kisan Credit Card account may still carry a debit card.

named by the words debit card · RBI Para 11 · Read it in place

A bank may not force a customer to take a debit card.

named by the words debit card · RBI Para 11 · Read it in place

The bank must review its debit card operations once every six months.

named by the words debit card · RBI Para 12 · Read it in place

The partner may not see what the cardholder spends on the co-branded card.

named by the words co-branded card · RBI Para 24 · Read it in place

The board must approve a full policy covering how debit cards are issued and run.

named by the words Debit card · RBI Para 7 · Read it in place

That policy must set the standard procedure for blocking or suspending a card.

named by the words debit card · RBI Para 7 · Read it in place

This book covers how debit cards and co-branded debit cards are issued and run.

named by the words debit card · RBI Para 4 · Read it in place

They are read with RBI's prudential, payment and cyber security directions on cards.

named by the words debit card · RBI Para 4 · Read it in place

A co-branded card is issued jointly and carries the names of both partners.

named by the words co-branded card · RBI Para 5 · Read it in place

A bank does not need the Reserve Bank's prior approval to issue debit cards.

named by the words debit card · RBI Para 9 · Read it in place

A debit card may be issued only to a customer holding a savings or current account.

named by the words debit card · RBI Para 10 · Read it in place

RBI sets no overall cap on international credit card spending online.

named by the words credit card · RBI Para 3.4.1 · Read it in place

International credit cards may not be used for payments in Nepal or Bhutan.

named by the words credit card · RBI Para 3.4.1 · Read it in place

Banks may waive ATM fees, overdraft charges and late fees for the affected customers.

named by the words credit card · RBI Para 6.2.3 · Read it in place

Credit card holders may convert their dues into EMIs repayable over 1-2 years.

named by the words credit card · RBI Para 6.2.3 · Read it in place

Eligible banks may give MSE borrowers a General Credit Card for working capital.

named by the words Credit Card · RBI Para 4.3 · Read it in place

Default loss guarantees are barred on revolving credit and on credit cards.

named by the words credit card · RBI Para 22(1) · Read it in place

Default loss guarantees are barred on revolving credit and on credit cards.

named by the words credit card · RBI Para 21(1) · Read it in place

The bank cannot make digital banking a condition for a debit card.

named by the words debit card · RBI Para 10 · Read it in place

Default loss guarantees are barred on revolving credit and on credit cards.

named by the words credit card · RBI Para 21(1) · Read it in place

The bank cannot make digital banking a condition for a debit card.

named by the words debit card · RBI Para 10 · Read it in place

Default loss guarantees are barred on revolving credit and on credit cards.

named by the words credit card · RBI Para 21(1) · Read it in place

The bank cannot make digital banking a condition for a debit card.

named by the words debit card · RBI Para 10 · Read it in place

Default loss guarantees are barred on revolving credit and on credit cards.

named by the words credit card · RBI Para 21(1) · Read it in place

The bank cannot make digital banking a condition for a debit card.

named by the words debit card · RBI Para 10 · Read it in place

The bank cannot make digital banking a condition for a debit card.

named by the words debit card · RBI Para 10 · Read it in place

A credit card account becomes an NPA if the minimum due is unpaid for 90 days.

named by the words credit card · RBI Para 38(10) · Read it in place

Default loss guarantees are barred on revolving credit and on credit cards.

named by the words credit card · RBI Para 21(1) · Read it in place

Credit card receivables carry a 150 per cent risk weight, or higher if rated worse.

named by the words Credit card · RBI Para 61 · Read it in place

The bank cannot make digital banking a condition for a debit card.

named by the words debit card · RBI Para 10 · Read it in place

A credit card account becomes an NPA if the minimum due is unpaid for 90 days.

named by the words credit card · RBI Para 42(10) · Read it in place

Default loss guarantees are barred on revolving credit and on credit cards.

named by the words credit card · RBI Para 21(1) · Read it in place

Credit card receivables carry a 150 per cent risk weight, or higher if rated worse.

named by the words Credit card · RBI Para 71 · Read it in place

Banks cannot force customers to use digital banking to get a debit card.

named by the words debit card · RBI Para 10 · Read it in place

Insurance, mutual fund and credit card bill payments get a higher ₹1,00,000 limit.

named by the words credit card · RBI Para 8(b) · Read it in place

Personal loans and credit card dues outside the retail pool weigh 125 per cent.

named by the words credit card · RBI Para 14 · Read it in place

The bank must enable the card on unified payments interface, debit cards and net banking.

named by the words Credit Card · RBI Para 35 · Read it in place

The bank must enable the card on unified payments interface, debit cards and net banking.

named by the words Credit Card · RBI Para 34 · Read it in place

The bank must enable the card on unified payments interface, debit cards and net banking.

named by the words Credit Card · RBI Para 34 · Read it in place

The bank must enable the card on unified payments interface, debit cards and net banking.

named by the words debit card · RBI Para 33 · Read it in place

Card business, employee conduct and product mis-selling are audited.

named by the words Credit Card · RBI Para 11(11) · Read it in place

Card business, employee conduct and product mis-selling are audited.

named by the words Credit Card · RBI Para 11(10) · Read it in place

Card business, employee conduct and product mis-selling are audited.

named by the words Credit Card · RBI Para 11(11) · Read it in place

Card business, employee conduct and product mis-selling are audited.

named by the words Credit Card · RBI Para 11(11) · Read it in place