scorecardresearchDeadline for fresh debit and credit card rules extended till October 1

Deadline for fresh debit and credit card rules extended till October 1

Updated: 22 Jun 2022, 11:10 AM IST
TL;DR.
If a customer has not activated the card for more than 30 days, the card issuer will have to seek a OTP-based consent 
Card issuers will now have more time to implement the RBI’s directive to ensure the credit limit as sanctioned and advised to the cardholder is not breached at any point

Card issuers will now have more time to implement the RBI’s directive to ensure the credit limit as sanctioned and advised to the cardholder is not breached at any point