RBI/2013-14/60
DBOD.No.FSD.BC. 4/24.01.011/2013-14
July 1, 2013
Ashadha 10, 1935 (Saka)
Dear Sir/Madam
Master Circular on Credit Card, Debit Card and Rupee Denominated Cobranded Prepaid Card operations of banks
Please refer to the Master Circular No.DBOD.FSD.BC.23/24.01.011/2012-13 dated July 2, 2012 consolidating the instructions/guidelines issued to banks and NBFCs on credit card operations of banks till June 30, 2012. A reference is also invited to the guidelines for issue of debit cards/prepaid cards by banks.
2. The instructions on credit card operations of banks and NBFCs as well as guidelines on issuance of debit cards and co-branded pre-paid cards by banks issued upto June 30, 2013 have been consolidated in this Master Circular which has been suitably re-named.
3. It may be noted that the instructions on credit card operations of banks are applicable, mutatis-mutandis, to NBFCs issuing credit cards.
4. The Master Circular has been placed on the RBI website (www.rbi.org.in). All the credit, debit and pre-paid card issuing banks and credit card issuing NBFCs should adhere to these guidelines strictly.
Yours faithfully
(Prakash Chandra Sahoo)
Chief General Manager
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Full Circular Available for download
