RBI Issues New Norms For Credit Card Providers

Credit Card Issuers Need To Allow Users To Select From Multiple Networks

Issuers Should Refrain From Signing Agreements Restricting Them From Offering Other Card Networks

Choice From Several Card Providers To Be Available For Existing Users On Renewal

Revisions Not Applicable To Issuers With Less Than 10 Lakh Active Cards

Norm About Customer Choice To Be Effective From 6 Months Of RBI Notice

RBI Says Revision Undertaken To Boost Choice And Flexibility For Customers