Main Note - [Payment Systems](Payment%20Systems.md#Cards) Here we discuss about both credit and debit cards ## KCC Scheme 1. This scheme is for general purpose credit - entrepreneurial and consumption credit. 2. [Link](KCC%20Scheme.md) ## GCC Facility 1. This scheme is for general purpose credit - entrepreneurial and consumption credit. 2. [General Credit Card (GCC) Facility](General%20Credit%20Card%20(GCC)%20Facility.md) ## Regular Debit & Credit Cards 1. For regular cards issued for personal consumption, like Credit Card and Debit Cards, one can refer Directions - [Reserve Bank of India (Commercial Banks – Credit Cards and Debit Cards: Issuance and Conduct) Directions, 2025](https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13155) (and there are separate directions for *Small Finance Banks, Payment Banks, and Local Area Banks*). 1. FAQ on [Card Transactions](https://www.rbi.org.in/commonman/English/scripts/FAQs.aspx?Id=1498) including PPI cards. 2. Mar 8, 2016 - [Concept Paper on Card Acceptance Infrastructure](RBI_Reports_20160308_Concept%20Paper%20on%20Card%20Acceptance%20Infrastructure.pdf) 3. June 2, 2011 - [Report](RBI_Group-Committee_20110602_Report%20of%20the%20Working%20Group%20on%20Securing%20Card%20Present%20Transaction.pdf) of the Working Group on Securing Card Present Transaction 4. Card payment networks is one of the retail [payment system](Payment%20Systems.md) in India 5. Data Releases - [Bankwise ATM/POS/Card Statistics - Monthly](https://rbi.org.in/scripts/ATMView.aspx) ## Rupay Card Scheme 1. RuPay is an Indian domestic card scheme conceived and launched by the National Payments Corporation of India (NPCI). 2. It was created to fulfil the Reserve Bank of India’s desire to have a domestic, open loop, and multilateral system of payments in India. 3. RuPay facilitates electronic payment at all Indian banks and financial institutions. ## Master Directions 1. [Reserve Bank of India (Commercial Banks – Credit Cards and Debit Cards: Issuance and Conduct) Directions, 2025](https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13155) (and there are separate directions for *Small Finance Banks, Payment Banks, and Local Area Banks*). 1. It superseded the [Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, dated April 21, 2022](https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12300) 2. ==[FAQs](https://rbi.org.in/scripts/FAQView.aspx?Id=167)== on Master Direction (MD) - Credit Card and Debit Card – Issuance and Conduct Directions, 2022 2. [Reserve Bank of India (Commercial Banks – Interest Rates on Advances) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13149) as amended from time to time 1. Interest rate and other charges - Card-issuers shall be guided by the provisions of these directions, while determining the interest rate on credit card dues. 3. [Reserve Bank of India (Commercial Banks – Income Recognition, Asset Classification and Provisioning) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13146) amended from time to time 1. The number of 'days past due' and late payment charges, are computed from the payment due date mentioned in the credit card statement, as specified under these directions. 4. [Reserve Bank of India (Commercial Banks – Managing Risks in Outsourcing) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13139), as amended from time to time. 1. Card-issuers shall also be liable for the acts of the co-branding partner. The card-issuer shall ensure adherence to these directions. 5. [Reserve Bank of India (Commercial Banks – Know Your Customer) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13141), as amended from time to time. 1. Card-issuers shall keep internal records to enable operations to be traced and errors to be rectified (taking into account the law of limitation for the time barred cases) as prescribed under these directions. 6.  [Reserve Bank of India (Commercial Banks – Responsible Business Conduct) Directions, 2025](https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13140). 1. Card-issuers shall provide to the cardholder the term-sheet containing the MITC. It should mention the Liability of cardholder in case of loss / theft / misuse of card and thereby the mode of intimation to card, in terms of these directions ## FAQs 1. [FAQs](https://rbi.org.in/scripts/FAQView.aspx?Id=167) on Master Direction (MD) - Credit Card and Debit Card – Issuance and Conduct Directions, 2022 ## Groups/Committees 1. RBI. (April, 2005). Report of the Working Group on Regulatory Mechanism for Cards. [Link](https://rbi.org.in/scripts/PublicationReportDetails.aspx?ID=428) | [pdf](RBI_Group-Committee_20050423_Report%20of%20the%20Working%20Group%20on%20Regulatory%20Mechanism%20for%20Cards.pdf) 2. RBI. (June, 2011). Report of the Working Group on Securing Card Present Transaction. [Link](https://rbi.org.in/scripts/PublicationReportDetails.aspx?UrlPage=&ID=634) | [pdf](RBI_Group-Committee_20110602_Report%20of%20the%20Working%20Group%20on%20Securing%20Card%20Present%20Transaction.pdf) ## Data Releases 1. Cards - [Bankwise ATM/POS/Card Statistics - Monthly](https://rbi.org.in/scripts/ATMView.aspx) ## Related Notes 1. [Payment Systems](Payment%20Systems.md) 2. [Oversight of Payment Systems](Oversight%20of%20Payment%20Systems.md) 3. [Digital Lending](Digital%20Lending.md) 4. [KCC Scheme](KCC%20Scheme.md) 5. [General Credit Card (GCC) Facility](General%20Credit%20Card%20(GCC)%20Facility.md) ## References ### [[Publications (Data Releases) & Research#Publications|Publications]] 1. RBI. (2023). Box VI.2-Pilot on Digitalisation of Kisan Credit Card (KCC) Lending. Annual Report. [pdf](RBI_Annual%20Report_2023.pdf#page=174&selection=285,0,289,25) 2. RBI. 2005. Box VIII.3-Working Group on Regulatory Mechanism for Cards. Annual Report-2005 [pdf](RBI_Annual%20Report_2005.pdf#page=217&selection=157,0,157,47)