RBI Rules

RBI BBPS Credit Card Bill Payment: Rules, Timelines, and Fees

Understand the RBI BBPS mandate for credit card bill payments. Compare settlement timelines, platform convenience fees on CRED and PhonePe, and break-even math.

Credit Card Settlement vs Closure: How It Hits Your CIBIL Score and What Banks Do Not Tell You

Settling a credit card is not the same as closing it. Learn how a settled status hurts your CIBIL score, the rupee cost on future loans, and how to fix it.

RBI Credit Card Closure Rules: 7-Day Window, ₹500 Penalty & Math

Under RBI rules, banks must close credit cards within 7 working days or pay ₹500/day penalty. See 30-day non-activation, 1-year dormancy, and unsolicited card rules.

RBI 3-Day Grace Period on Credit Cards: Fees, CIBIL & Math

Missed your credit card due date? RBI grants a 3-day grace period before banks can levy late fees or report to CIBIL. See bank charges, interest math, and what happens on Day 4.

Credit Card Overlimit Charges in India: RBI Rules, Fees & Math

Breaching your credit card limit triggers a 2.5% fee (min ₹500 + GST) and dings your CIBIL score. Understand RBI consent rules, bank charges, and how to turn it off.

RBI Card-on-File Tokenisation: What It Changed for Your Recurring Card Payments

If a merchant app keeps asking you to re-enter your credit card, that is RBI's tokenisation rule working — here is what it actually does, what it does not change, and how it affects Netflix, utility, and EMI autopay.

Credit Card Payment Failed But Amount Debited — What to Do in India

Your card was declined but ₹5,000 still left your account. Here is the exact RBI timeline for reversal, what banks must do, and how to protect yourself.