Financial Card Regulations in India

#1 Timely Closure of Credit Cards and Associated Penalties

#2 Flexibility in Billing Cycles for Credit Card Holders

#3 Restrictions on Issuing Debit Cards Linked to Cash Credit or Loan Accounts

#4 Rules Against Unsolicited Card Dispatch and Renewal Options

#5 Mandatory OTP-Based Consent for Inactive Credit Cards

#6 Credit Card Limits and the Need for Written Consent

#7 Interest Calculation on Credit Card Outstanding Amounts

Conclusion

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Types of Banking Cards in India