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CREDIT CARD CLOSURE
Credit guarantee scheme for MFIs still stuck in low gearBanks have received an aggregate loan demand of Rs 10,000-12,500 crore under the scheme, according to people familiar with the matter. Whil...- The $4.50 gas economy: Fewer nights out, more belt-tighteningAs fuel prices continue to rise, many American families are feeling the financial crunch. With budgets tightening, people are cutting back ...
- US Stock Market: US Treasury Bond Yields near 5% again as inflation fears shake Wall StreetWall Street is abuzz as investors debate if US 30-year Treasury bond yields will remain above 5 percent. Rising oil prices and a robust US ...
- Stopped swiping your credit card? Here's the silent damage it's doing to your CIBIL score
- Paytm shares crash 8% as RBI cancels Paytm Payments Bank's banking license. What lies ahead?Shares of One 97 Communications, the driving force behind Paytm, have taken a hit following the Reserve Bank of India's unexpected move to ...
- Bank pays Rs 3.21 lakh compensation to customer for delay in credit card closure; know what RBI rules sayAs per the Reserve Bank of India, any failure on the part of the card-issuers to complete the process of closure within 7 working days shal...
- RBI overhauls prepaid cards & wallets rules: Rs 2 lakh monthly debit limit, usage, restrictions, new safeguard and moreThe RBI has revised Prepaid Payment Instrument (PPI) rules, introducing new monthly debit limits for full-KYC PPIs at Rs 2,00,000, with a R...
- Act now: Popular US banking app closing — April 29 deadline for all transactionsThe Seis banking app has shut down and users must act before the April 29 deadline. Customers need to save their transaction history and im...
- 10 years after credit card was closed, bank sent legal notice demanding Rs 33 lakh; cardholder fights back and wins Rs 5 lakh compensationA decade after closing his credit card and receiving confirmation, a customer was shocked to receive a Rs 33 lakh demand notice from his ba...
- Axis Bank credit card holders notice fraud transactions: How to block Axis Bank credit card, get money backAxis Bank credit cards: Many Axis Bank credit card customers have taken to social media to complain about fraudulent activities they have n...
- How to cancel or block your HDFC Credit CardOwning a credit card is very easy but it is important to close when the card is lost, misplaced or close when not in use anymore.
- Number of active credit cards drops after RBI rule comes into forceWhile SBI Cards' market share based on the number of cards in force increased to 19.2% in August 2022, HDFC Bank and Axis Bank saw their ma...
- New credit card rules: These rules will be effective from July 1, 2022The RBI master guidelines states that card issuers are required to ensure that customers receive their invoices and statements promptly thr...
- These new credit, debit card rules will come into effect from July 1, and these from Oct 1For banks and non-banking financial organisations, the Master Direction on "Credit Card and Debit Card" Issuance and Conduct Directions, 20...
- New credit card closure rules effective from July 01, 2022The Reserve Bank of India (RBI) has issued new rules for card issuers regarding credit and debit card issuance. New restrictions surroundin...
- RBI issues new rules, penalties for credit & debit cardsBanks with a net worth of Rs 100 crore and above are permitted to undertake credit card business either independently or in tie-up arrangem...
- RBI issues master directions for issuance of credit cards: What cardholders should knowFor the issuance of credit and debit cards, the Reserve Bank of India (RBI) has issued master directions. Here are some key points to keep ...
- How to close SBI credit cardAn SBI cardholder can close their credit card by writing an e mail, calling customer care and by visiting the branch with a written request...
- How to close a bank accountThe account closure form will be available at the bank, which can seek a reason for closure of account.
- How to close your credit cardIt is important to pay off all outstanding dues on card. Any spends after the billing cycle should also be paid off in advance so that no d...
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