, ET Online|
1/5
NPCI’s new features for RuPay Credit Card
ET Online
The current EMls will be shown in the correct section of the UPI app. According to the rules of the Issuer company, the user will not be permitted to change or remove the EMI, with the exception of foreclosure, as it would be considered a loan.
ET Online
3/5
What RBI said
ET Online
4/5
Credit Account Bill Pavment/ Instalment Payment
“To do this, Payer PSP shall create UPI ID for receiving credit account bill/ instalment payment.
UPI App shall provide a view for the user to access the details of linked credit card outstanding bill/ credit line instalment details (minimum amount due, total amount due, bill due date etc). Issuer bank shall clear the dues in real-time upon receiving payments, and make the enhanced balance available to the user for usage”, according to the NPCI release.
ET Online
5/5
Limit Management
ET Online
Read more on