New Credit Card Rules by RBI- 2024

In this video we will be discussing new Credit cards Rules implemented by RBI that will be effective from 6th sept,2024.As part of its ongoing efforts to enhance consumer protection and ensure a fair and transparent credit card ecosystem, the RBI has implemented several new rules that directly impact credit cardholders and issuers.

Topics covered in this video include:

1) Change of Billing cycle.
2) Card activation within 7 Days.
3) Loan Linked Credit cards.
4) Change of rules on Interest charged on outstanding amount.


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00:00 Introduction
00:22 Selecting Card Variant
00:44 Change of Billing Cycle
01:55 Activation of Card
03:10 Interest on Dues
04:04 Loan linked Credit Cards