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On 25th April 2023, the Reserve Bank of India (RBI), issued a notification regarding review of the General Credit Card (GCC) Facility.
Circular RPCD.MSME & NFS.BC.No.61/06.02.31/2013-14, dated December 02, 2013, on the Revised General Credit Card (GCC) Scheme, was issued.In light of the provisions contained in the Master Direction –Credit Card and Debit Card – Issuance and Conduct Directions
RBI Notifies Regarding Review of General Credit Card (GCC) Facility
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