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Important RBI rules for credit cards Bank can't charge joining fee if customer has not activated their credit card CC should be automatically closed if not used for more than a year Rs 100 compensation per day for delay in closure of credit cards beyond 7 days

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What restrictions has RBI imposed? on new india coopetative bank The RBI has prohibited the bank from: Granting or renewing loans and advances Making fresh investments Borrowing funds or accepting new deposits Disbursing payments except for essent

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