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RBI makes credit card more friendly & safe. 10 points on new rules

RBI makes credit card more friendly & safe. 10 points on new rules: The Reserve Bank of India (RBI) has almost overhauled credit card rules, making it more friendly for the users and preventing the tricks by the banks.  Here are ten significant changes to new credit card rules that will take effect on July 1, 2022: When determining the interest rate on credit card dues, card issuers are directed to follow the Reserve Bank of India's instructions on the interest rate on advances, as amended from time to time. Interest on credit cards must be      Read More