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Foreign Exchange Management Act 

RBI/2007-2008/32
DBOD.FSD.BC.17 / 24.01.011/ 2007-08

July  2, 2007   
Aashadha 11, 1929 (Saka)

All Scheduled Commercial Banks /NBFCs
(Excluding RRBs)

Dear Sir

Master Circular on Credit Card Operations of banks

Please refer to the Master Circular No. DBOD.FSD.BC.10/24.01.011/2006-07 dated July 1, 2006 on credit card operations of banks consolidating the instructions/guidelines issued to banks till June 30, 2006. The Master Circular has been suitably updated by incorporating instructions issued upto June 30, 2007. The Master Circular has also been put on the RBI website (http://www.rbi.org.in). All the credit card issuing banks/NBFCs should adhere to these guidelines strictly.

Yours faithfully

(P.Vijaya Bhaskar)
Chief General Manager

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