WebJun 21, 2024 · The Reserve Bank of India (RBI) has granted a three-month extension after June 30, 2024 for certain provisions under the changes for credit, debit, and co-branded … WebApr 22, 2024 · Pic: Reuters. RBI Guidelines: The Reserve Bank of India has issued new master directions for issuing new credit and debit cards to banks and non-banking companies. These new guidelines will come into effect from July 1, 2024. There are many important things in terms of the well-being of the customers and the functioning of the …
RBI
WebOne of the primary benefits of using a credit card is the convenience it offers when making payments. But another equally powerful benefit is the rewards programme that your credit card offers. Today, most credit cards offer rewards in the form of cashback, gift vouchers, air miles, and more. In ... WebCo-branded travel cards are less flexible but more rewarding: Here's why Business Standard When opting for a travel card, the choice is between co-branded cards and general cards. Rewards in co-branded cards can be redeemed only with a specific airline. But there are many exclusive perks. (Read more) (Read more) Amazon Pay ICICI Bank Credit Card solvistas facebook
RBI Implements New Norms For Credit, Debit And Co-Branded Cards …
WebApr 26, 2024 · Also, the RBI has spelt out stricter guidelines for co-branding. It says, and we quote: “The co-branded credit/debit card shall explicitly indicate that the card has been issued under a co-branding arrangement. The co-branding partner shall not advertise/market the co-branded card as its own product. In all marketing/advertising material, the ... WebJul 22, 2024 · Such a partner is limited to marketing and distributing the cards, and to providing access to the goods and services. NBFCs, opting for a co-branding arrangement for issue of credit cards with a card-issuer, should follow the Guidelines on issue of Co-Branded Credit Cards contained in the Master Directions applicable to NBFCs. WebFeb 23, 2024 · Credit card users have to use up their reward points by 31 December 2024. New reward point facilities will be offered from 1 January 2024 to credit card holders. Credit card owners have to activate their cards with a One-Time Password (OTP). If the cardholder has not activated their card for over 30 days, the card company must cancel their ... small business and dvbe certification