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. It had clarified earlier that “the total cost to the borrower, including interest and all […]
Entries from July 2008
New rules from RBI to help Credit Card users
July 24th, 2008 · No Comments
Tags: India Credit Cards · News
Indian Credit Card Interest Rates Unfair
July 10th, 2008 · 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 35%-40% depending on your credit history and the offer you have signed up for. In developed […]
Tags: India · India Credit Cards · News
