All Questions

Frequently Asked Question

Our Blog

All Posts 11th Bipartite SettlementAadhaarBank Account FAQsBank Account QueriesBank FraudsBank of AmericaBank OffersBankingBanking HelpBanking HowToBanking NewsBanking TermsBBPSBoBCanara BankCanara BankCapital OneCareers & JobsChaseCredit CardsCustomer CareDaily Banking NewsDebit CardsDemonetizationDepositsDigital BankingEducation LoaneTDSeWalletsFASTagsFinancial CalculatorFixed DepositsForexGovernment SchemesGreen PINGSTHome LoansHowToICICI BankIMPSIncome TaxIncome TaxIndian BankInsuranceInternet BankingInvestmentIPPBIRSJeevan PramaanLoan FAQLoan RatioLoans & AdvancesMobile BankingMSME LoanMutual FundNPSOpinionPayTmPersonal LoanPMJDYPPFProfessional TaxReviewsSalary StructureSBIShare & StocksSyndicate BankUnion BankUPIWage Revision
Credit Cards

What If Credit Card is Issued Without Consent ?

What should a customer do if a credit card is issued without his/her consent (unsolicited card)? Card issuers are prohibited from issuing unsolicited credit cards and are required to seek prior and explicit consent from the customer before issuing a card. However, if the customer receives an unsolicited card, he/she should refrain from activating or providing consent for activation of card through OTP or any other means.  Also Read - Can a Late Payment Fees Charges on Partial Payment? If...

Learn More
Credit Cards

Can a Late Payment Fees Charges on Partial Payment?

In case a cardholder makes partial payment, can a card-issuer charge interest/levy late payment charges on the total amount due? In case a cardholder does not clear the total amount due within the payment due date, interest free credit period will be lost, and interest may be levied from the date of transaction on the outstanding amount (adjusted for payments/refunds/reversed transactions as and when credited) and not on the total amount due.  Also Know - Can a Bank Charges interest on...

Learn More
Credit Cards

Can a Bank Charges interest on the Credit Card unpaid taxes ?

No, a bank or Credit card issuers shall not capitalize i.e., levy interest or any other charges, on the unpaid taxes/levies/charges. As the provision contained under para 9(b)(ii) of the MD became effective from October 01, 2022, card-issuers shall not capitalize unpaid taxes/levies/charges that have been billed from October 01, 2022. Checkout Latest Credit Card Reviews : Click Here

Learn More
Banking News

PSB Employees Get 17% Salary Hike with 5 Days Banking

PSB Employees Get 17% Salary Hike with 5 Days Banking in recently signed 12th Bipartite Salary Revision Joint Note between IBA and...

Learn More
Banking News

SBI Seeks Time to Give Details About Electoral Bonds

SBI seeks time to give details about electoral bonds and moves supreme court, seeks more time to furnish electoral bond details :...

Learn More
Banking News

RBI Bans IIFL Finance From Sanctioning Gold Loans

RBI Bans IIFL Finance From Sanctioning Gold Loans and disbursement from immediate effect. RBI has stopped the IIFL from financing the Gold...

Learn More
Banking News

Share of Fixed Deposits in Banks’ Total Deposits up at 60.3% in Dec 2023

Share of Fixed Deposits in Banks’ Total Deposits up at 60.3% in Dec 2023 - The share of term deposits in scheduled commercial banks (SCBs) total deposits increased to 60.3 per cent in December 2023 from 57.2 per cent in March 2023, according to RBI’s quarterly data. Rising return on term deposits (TDs) is driving the compositional shift in deposits of SCBs, the central bank said. Trending Banking News - Click Here The weighted average domestic term deposit rate (WADTDR)...

Learn More
Forex

Who is an OCI (Overseas Citizens of India) ?

In terms of Gazette Notification of Ministry of Home Affairs, Government of India, on and from 9th January, 2015 all the existing Persons of Indian Origin Cardholders Registered as such shall be deemed to be Overseas Citizens of India (OCI) Cardholders. Overseas Citizen of India is defined as under: Any person of full age and capacity other than who is or had been a citizen of Pakistan; and Bangladesh:- i. Who is citizen of another country, but was a citizen...

Learn More

Banking FAQs

Get FAQs