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Bad news for Indian Credit Card customers, now they will not be able to make extra payments.

Credit Card

Credit Card

Bad news for Indian Credit Card customers, now they will not be able to make extra payments.

Most of the people in India use credit cards, due to which many of their problems become easier and they do not need to ask for money from anyone in difficult times, they can fulfill their money needs by using credit cards. But among them there are some people who use credit cards in wrong ways. To stop all these wrong ways, RBI and banks keep searching for new schemes. This time banks have introduced the facility of paying more on credit cards. was closed, this decision was taken on Friday

The real reason for closing this scheme is considered to be money laundering and fraud. Most of the people are those who used to pay more than the outstanding amount. Banks believe that by doing this the customers are using the excess amount for international transactions. Let’s use

Apart from this, banks say that people who go to visit the state, pay more than the outstanding amount on their credit cards and use their credit cards while traveling abroad, which is considered illegal.

According to the report, there are some banks which do not allow excessive payment, among them HDFC Bank, SBI Card, Axis Bank etc. are such banks which do not allow their customers to pay more than the outstanding amount, but apart from these, ICICI Bank customers mostly take advantage of this

According to the report, a guard has been used in the card, the customers who pay more, their overpaid amount is transferred back to their bank account, due to which the scam of paying more than the outstanding amount can be avoided. Is

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