HDFC Bank introduces new credit card rules from August 1: What are the new changes?

HDFC Bank introduces new credit card rules from August 1: What are the new changes?

HDFC Bank, India’s largest bank, has revised the terms for its credit card holders, which will become effective from August 1. What are the new and revised HDFC credit card terms? The headquarters of India’s HDFC bank is pictured in Mumbai. (Shailesh Andrade/Reuters) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} These are the key changes announced by the …

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HDFC Bank’s new credit card rules to take effect from August 1 — late fee revised; rent, utility payments to cost more

HDFC Bank’s new credit card rules to take effect from August 1 — late fee revised; rent, utility payments to cost more

HDFC Bank, the biggest private sector bank in India, has revised its terms and conditions for credit card holders. The new rules will take effect from August 1, 2024. 1% charge in rental transactions using third-party payment apps The rental transactions made through third-party payment apps such as PayTM, CRED, MobiKwik, and Cheq will be …

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HDFC Bank’s new credit card rules to take effect from August 1 — late fee revised; rent, utility payments to cost more

HDFC Bank’s new credit card rules to take effect from August 1 — late fee revised; rent, utility payments to cost more

HDFC Bank, the biggest private sector bank in India, has revised its terms and conditions for credit card holders. The new rules will take effect from August 1, 2024. The revised rules are: 1% charge in rental transactions using third-party payment apps The rental transactions made through third-party payment apps such as PayTM, CRED, MobiKwik, …

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Kotak Mahindra Bank’s joint MD Manian steps down after 29-year stint

Kotak Mahindra Bank’s joint MD Manian steps down after 29-year stint

Mumbai: Kotak Mahindra Bank on Tuesday said joint managing director KVS Manian has stepped down to “pursue other opportunities in the financial services sector”, barely a week after the Reserve Bank of India (RBI) put business restrictions on the private-sector lender. A wholetime director, Manian was re-designated joint managing director effective 1 March. Manian, an …

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RBI cracking down on P2P credit card transactions

RBI cracking down on P2P credit card transactions

After barring Visa from undertaking certain commercial business-to-business (B2B) credit card transactions, the Reserve Bank of India is now seen cracking down on peer-to-peer (P2P) credit card payments made via third-party service providers, sources told businessline. This comes after the central bank has found instances of retail customers using credit cards to pay rent and …

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RBI Announces Credit and Debit Card Portability Update: Users Can Now Port Their Visa, Mastercard, and Rupay Cards to Other Networks Starting October 1, Latest News

RBI Announces Credit and Debit Card Portability Update: Users Can Now Port Their Visa, Mastercard, and Rupay Cards to Other Networks Starting October 1, Latest News

Image Source: FILE PHOTO Representational image Credit-debit card portability: Starting from October 1, credit, debit, and prepaid card customers in India will have the liberty to choose their service operators and transfer their networks. Similar to how people can switch their mobile numbers between telecom networks, they will now have the ability to transfer their …

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