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New Online Security Feature for Credit Card transactions: Explained

Written on 15 Jul, 2009 at 22:04 in Banks, News | viewed 4,224 views times | 1 Comment
New Online Security Feature for Credit Card transactions: Explained

As per a notification by the RBI, starting August 1, 2009 your online transaction will require an additional security measure.... (Continue reading)

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Banks deactivating inactive Credit Card customers

Written on 20 Apr, 2009 at 21:45 in General, News | viewed 1,449 views times | 0 Comments

When was the last time you used that credit card? If the answer is I don’t know then you could soon receive a deactivation notice from the bank informing you that your card has been blocked.... (Continue reading)

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Banks chasing away credit card customers?

Written on 16 Mar, 2009 at 18:52 in Banks, News | viewed 400 views times | 0 Comments

According to RBI data over 22 lakh credit cards have gone out of circulation since April 2008 either due to non renewals or cancellations.... (Continue reading)

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Banks invade savings account to cover credit card debt

Written on 25 Feb, 2009 at 8:19 in General, New Credit Cards, News | viewed 365 views times | 0 Comments

Did you know that When a credit card is issued based on an existing savings account, many banks have a ‘Right to Lien’ clause in their credit card agreements with their customers and that this clause allows the banks to... (Continue reading)

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Foreign banks challenge ruling on interest rates for credit cards

Written on 10 Sep, 2008 at 23:20 in General, News | viewed 365 views times | 0 Comments

A group of foreign banks have challenged a consumer court ruling on credit card interest rates, claiming that they are now free to decide interest rates for credit card users. Earlier a consumer court had restrained banks from charging interest... (Continue reading)

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Dena Bank to re-launch credit card with SBI

Written on 2 Sep, 2008 at 18:13 in Dena Bank, New Credit Cards, News, SBI | viewed 885 views times | 1 Comment

Dena Bank has decided to enter into a tie-up with SBI to re-launch its credit card service.... (Continue reading)

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New rules from RBI to help Credit Card users

Written on 24 Jul, 2008 at 18:11 in General, News | viewed 2,920 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 624 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)

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RBI to launch credit card “IndiaPay” next year

Written on 6 May, 2008 at 20:08 in General, New Credit Cards, News | viewed 1,307 views times | 2 Comments

Earlier a press release from Indian Bank’s Association had mentioned that they are working on a proposal to launch a payment gateway called “IndiaPay” and now the RBI says it launching a credit card called “IndiaPay”. Are these connected in... (Continue reading)

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Mobile Phones as Credit Card?

Written on 30 Apr, 2008 at 19:36 in General, News | viewed 453 views times | 0 Comments
Mobile Phones as Credit Card?

 The RBI today announced that it is working on formulating a plan to develop a mobile payment system. In other words, it means using your mobile as a credit card. The theory behind this thought is that there are 250... (Continue reading)

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