RBI Announces New Guidelines for the Issuance and Usage of Credit Cards | UPSC GS3
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In this video, explore the latest guidelines announced by RBI concerning the issuance and usage of credit cards, pertinent to UPSC GS3 preparation. Gain insights into the regulatory framework, consumer protections, and implications for financial inclusion. Stay informed about evolving banking regulations and their impact on the economy with this comprehensive update.
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Sir UCO bank mai scam ki khabar aaa Rahi hai please uspe video banaiye 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏😂😂
This step was much needed. Happy that RBI acted on this. This will break the hegemony of VISA and MASTER CARD and RUPAY will get more customers.
My card is expiring after 8 months and after that i will go for Rupay 😏
😂😂😂😂
Muh kyu bna Raha h Bhai
I just got my Rupay card this January 🗿
Mujhe to visa bahut offer de Raha hai
@@user-jj4kw9or2ckon sa offer?
Mujhe FD par Kotak bank ne visa credit card Diya Maine unse kaha ki rupay card dijiye kyunki mujhe UPI me use krna tha wo mana kar diye .....ab accha hai 😂😂
bhai 1o lakhs ke upar customer hai uske paas 😅 no rule will be applicable
10 lakhs se kam pr nhi hoga@@DeepakKumar-ec5mk
@@DeepakKumar-ec5mk aisa nhi hota...
agaar rule ban gya hai koi bank follow nhi karta to accha khasa penalty lagti hai....
@@DeepakKumar-ec5mkRBI has ra h bhai teri statement pr😂
Kitne ki fd kiya tha
Ye rules bohot hi achhe h kyonki ise logo ko creadit interest me bhi Kami dikhegi
how ?
how?
hame credit card nahi hcahiye iss lutne ke tarike se kirpya dur rahe
If you know how to smartly use CC, you win. If u have no discipline while using it, you lose heavily. It depends on the user.@@how2download916
Credit ka buisness duniya me tab se hai ,jb bank naam ki koyi institution nahi hoti thi . It's not a banking problem,it's the problem of the society@@how2download916
Good decision by RBI ❤😊
good initiative by RBI.
great work govt. Ab i want to see Rupay to be the big player too.
हां जी बिल्कुल यदि प्रत्येक भारतवासी चाहे तो अपने देश के क्रेडिट कार्ड को पहले नंबर पर ला सकते हैं
Answer is option A- RUPAY IS LAUNCHED BY NPCI IN 2014
I have both Rupay and Visa credit cards, but I think rupay is better as you can use it in UPI to pay merchants.
Kya isma transaction fees lagegi
Nahi lagti hai just like normal upi
@@SourabhKumar-hc9os upto ₹2000 no fee. But above ₹2000 their is MDR
@@SourabhKumar-hc9os No
But to some merchant limit has beet set so not more thanRs 2000 can not be transferred.
❤❤ good decision now choice is open for anyone
Yaa
good initiative by govt....today I understand why ,,,,every time my bank is giving me this Mastercard😅😅😅😅
Main Rupay card luga hamesa kyo ye Bharat ka hai card Visa mastercard Us ka h
Thank you sir
The government also has to issue a wip to all companies operating in India accepting purchase from Indian customer and delivering services in India to accept Rupay card.
For eg Google Play Store on payment pages says we do not accept UPI or rupay card yet. Now for such scenarios I would want to retain atleast one non rupay card since I know it doesn't have universal acceptability.
Very Good
Thank you sir🙏
This step our Strengthen our economy ❤ introduced some clear cut guidelines about charges and late fees.
RuPay card is best❤❤❤
International payment use kr k dekhna, rupay best kahna band kr doge aap 😊
@@official_jeetInternational jaane k paise sbke pass nhi hote jaani🤧🤧
Very good initiative by RBI 👏🏻
Really good 👍
Very good ❤
Good initiative by RBI
Also surcharges on credit card for petrol payment please cover this issue too.
more offers coming on mastercard and visa networks. good opportunity for rupay to capture market.
FROM DURGESH RAI - THANK YOU VERY MUCH SIR
I got hdfc tata neu rupay card previous year. You can use it as UPI for daily merchants payments
c ) option : ✔✔✔✔✔✔🙏🙏🙏🙏🙏🙏both 1 & 2 correct :
Good video as you also educate people on not going for ATM withdrawals. However, pl enlighten me on how the option to choose visa or rupay will empower me. I mean what difference does it make whether I choose either?
Good step
C) Both 1& 2
I always prefer indigenous network.
RBI already issued this last year. Last year. Rbi said it will take effect from oct 2023
How about fee on the card, what if VISA cards are free but RUPAY card fee kept very high?
Good day Sir
We can select but what about their charges
Please enlighten about that
Good move by the RBI to the customers, but by giving options to the customers to choose the better network most of them go for VISA & MasterCard rather than RuPay . If a RuPay Card network user wants to switch to VISA/ MasterCard, are the banks free to charge more on such multinational cards or not.....? If not then it will give some positive results, well RBI play a move just like how they make changes in Indirect Instruments in the monetary policy to maintain the liquidity of inflation and deflation graph.
Is there any way I can be able to update or change the "Network" ?
second, while working for office
The issue is that no international merchant is accepting Rupay card for their services.
Government should at least contact these gaints to expend the network usage.
I applied for Rupay card in offer letter but got visa from SBI.
From 2 to 3 months RBI bowling yorkers to fintec and banks those who are noncompliance to rule or avoiding it...😂😂😂😂
Is there any best card for students who already have a credit score, attended by deposit or secured credit card?
Good step by RBI
rupay dosent work abroad not even in thailand and uae so if there is international travel so please opt for visa and mastercard only.
SBI credit card mai already customer ko freedom dia gya hai ki vho Visa, Rupay, Master card choice karne ka..
bro mere pass SBI ka visa card hai,
ye Rupay Card me kaise convert hoga
Visa card cashback jyada deta hai
Nhi bro muze branch se offer aaya tha credit card ke liye, they clearly mentioned Platinum Visa Credit card, they didn't give me a choice to choose Rupay.
Mujhe toh mili thi choice@@shubham4829
@@user-xu2fb9ll6g Ek mail daal dijiye and Customer Care ko Call Kar lijiye
Aap Short me bataye
Rupaye indian card hai
Visa & Master Card foreign company hai, es se hamara paisa aaur American company ko fayda hota hai aaur Rupaye karenge to fayda india hoga aaur paisa bhi india me hi rahega
best
What happened if we lost or stolen card then this option can be valid for new card issue?
Very good move.
But Visa has worldwide acceptance. How do we overcome that for international cards being issued in India?
Sir, people are accepting rupay credit card but merchants are refusing so we have come back full circle.
Is it only for credit cards?
it should be mandatory for Debit card too.
Good decision in the interest of nation...
अब लग रहा हमारे देश की संस्था देश की जनता को थोड़ा अच्छे से समर्पित होते जा रही है।
वरना पहले तो हमेशा comoanies को ही खुश करने में लगे रहते थे।🙏🙏
But my question is if why this thing not applied to debit card user
WOW 😮
Always prefer Indian brand
Many many thanks to RBI 😇🙏🙏🇮🇳
Ofcourse har koi RuPay card lega, UPI ke liye
Tenth
Unfortunately my HDFC visa variant Credit card renewed 2 months before. I would have asked for Rupay, if this rule had been there at that time.
Mine is due in 2 Months, 😢 I too want to opt for Rupay from HDFC but till then this rule would not have come in force.
You should take one with rupay only later on get rupay with your choice
Good decision 📈
Bharat first policy🔥🔥🔥🔥
Can someone tell what is the benefit for consumers?
As a Indian i requested to All Indians must choose rupay card to promote our country's brand
"I have decided to choose Rupay as my payment method so that 1% of the transaction fee will remain in my own country." 🇮🇳
Good Decision
RUPEY ROKS VISA MASTER SHOCKS ❤❤❤ LOVE SWADESHI
Sir aapne card ke baare me toh bataya unke interest rate credit card PE usko rbi toh limit nhi Kiya toh kya fayda
Sir what is the issue and demerits
Sbi and other banks doesn't allow rupay due to low mdr ..bcoz govt . Gave subsidy to rupay for promoting but foreign companies complained about protectionism
Hurray, RBI made revolutionary work.
Sir sabhi transition vr 1% charge lagega kya ?
I've recently renewed my new card and I asked this question with bank authority to issue me a Rupay car but they denied sorry sir this service is not available but you will get Visa by default.
As a multiple card holder I can guarantee that this move will disrupt the credit card industry. The main reason people use credit card is to earn rewards. And they provide these rewards with the help of Payment networks. And now if customers can change their payment network then it will disrupt this ecosystem as people will convert to rupay (for UPI ) from Visa/Master Card etc. So all the popular credit cards would get devalued.
A) 1 only
From when it will be implemented?
Couple of day's back I got lifetime card in mastercard variant , i asked to convert to rupay but support team says it will be chargeable.. can anyone tell me they are lying?
The one who uses card smartly will go with the one who is giving max rewards.. and benefits which still these large players like Visa and master card can give not Rupay..
It's good step to promote our Rupay but mostly offers on products in markets,resturants etc. demands Visa and Mastercard to avail offers. Kindly, abolish that specific demands for a certain network by the companies.
Option C ✅
Such a visionary government 😊
Cyber crime Pai kuch dhiyaan kijea
Please do something for mobile based loan application..... very bad experience.....
Option C - Both 1 & 2..✨
Sar mera ICICI credit card pichle month ka bill aya 118000 aya par maine 115000 ka bill jama kar paya bank ne mera total amount pai fine laga diya sar rbi ka rule khya hai
Icici card holders kitna charge karte nahi malum magsr pos rental 590+ around 2% charge kaat letha hai from business owners
Option 1
Rupay se abroad me transaction hoga kya??????
Can we change old credit card network
they charge close to 60% interest, should curb that
What about international transactions?
Rbi ne ye initiative kiya to shi but bhut late se. Is k liye humne bhi kitni bar bank walo se behas kiya h. Unki manmani chalti h is mamle me
I think Hdfc and icici companies
आपने डेबिट कार्ड के बारे में क्यों नहीं बताया?
Ye rule Debit card ke liye bhi hona chahiye....
Good news … I wanted to buy RuPay card .. but was not having choice!
VISA cards have problems in India … many places acceptance level is poor in India . Worldwide VISA is good .
Very good decision
American Express ke Centurion card ke baare mein bataaye
I use credit card but personally I do not like credit card culture.
We all will opt for Rupay