New rules from RBI to help Credit Card users

Written on 24 Jul, 2008 at 18:11 in General, News | viewed 3,601 views times | 1 Comment

The RBI has set new rules for credit card issuing banks providing relief to credit card users in India. As per the new guidelines RBI has asked banks not to charge excessive interest rates on personal loans or credit cards.... (Continue reading)

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Indian Credit Card Interest Rates Unfair

Written on 10 Jul, 2008 at 21:09 in General, News | viewed 795 views times | 1 Comment

Credit Card users in India have something to cheer about; the National Consumer Disputes Redressal Commission has ruled that banks charging interest rates in excess of 30% per annum is an unfair trade practice. Most banks in India charge between... (Continue reading)

Tagged with: credit card interest rates