General Credit Card (GCC) Facility - Review - ஆர்பிஐ - Reserve Bank of India
General Credit Card (GCC) Facility - Review
RBI/2023-24/19 April 25, 2023 The Chairman/Managing Director/ Chief Executive Officer Dear Sir / Madam General Credit Card (GCC) Facility – Review Please refer to our Circular RPCD.MSME & NFS.BC.No.61/06.02.31/2013-14 dated December 02, 2013 on the Revised General Credit Card (GCC) Scheme. 2. On review of the above, and in the light of the provisions contained in the Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, dated April 21, 2022, revised instructions on GCC are as follows:
3. These instructions supersede the GCC guidelines issued in December 2013 and come into effect as on the date of this circular. Debit cards, if any, already issued under the circular of 2013 shall remain valid till their expiry/repayment of the existing credit facilities, whichever is earlier. Yours faithfully (Nisha Nambiar) |