Business Compliance

Licensing, environmental compliance and business operations.

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Business Compliance

238 articles

Commercial-Bank Debit Cards2026-10-26

Commercial-Bank Debit Cards: Eligible Accounts, Loan-Linkage Restrictions and Voluntary Issuance Controls

Check debit-card account linkage separately from credit-card rules: eligible accounts, PMJDY/KCC exceptions, voluntary issuance and half-yearly review controls.

By Team assureOffice

Credit and Debit Card Insurance2026-10-26

Credit and Debit Card Insurance: RBI Disclosure, Nomination and Chargeable-Cover Consent Controls

Verify whether card insurance exists, obtain its real policy terms and reconcile consent, insurer nomination and statement disclosures without assuming RBI-mandated cover.

By Team assureOffice

Inactive Credit Cards2026-10-26

Inactive Credit Cards: RBI’s More-than-One-Year Test, Qualifying Use and the Thirty-Day Response Window

Inactive-card closure depends on qualifying use, notice, response and dues. A year without purchases does not necessarily mean a year without card use under RBI’s rule.

By Team assureOffice

Business Credit Cards2026-10-26

Business Credit Cards: RBI End-Use Monitoring, Add-On Identification and Corporate Liability Controls

Business-card programmes need end-use monitoring and clear responsibility for dues. Reconcile spending evidence, add-on users and corporate exposure separately.

By Team assureOffice

Co-Branded Cards2026-10-26

Co-Branded Cards: RBI Transaction-Data Limits, Issuer Accountability and Advertised Benefit Controls

Co-branding does not give a partner unrestricted card-transaction access. Check issuer visibility, partner roles, secure display and timely delivery of advertised benefits.

By Team assureOffice

Credit-Card EMI Conversion2026-10-26

Credit-Card EMI Conversion: RBI Principal, Interest and Upfront-Discount Disclosure Controls

Reconcile the financed principal, interest and upfront discount before card-EMI conversion. A no-cost label must not conceal an interest component.

By Team assureOffice

Credit-Card Overlimit Controls2026-10-26

Credit-Card Overlimit Controls: Prior Consent and Exclusion of Interest, Fees and Charges

Reconcile credit-limit usage without interest and charges, verify prior explicit overlimit consent and distinguish permission from the issuer’s fee calculation.

By Team assureOffice

Credit-Card Billing Disputes: RBI’s Thirty-Day Explanation Rule and Fraud-Transaction Charge Hold2026-10-26

Credit-Card Billing Disputes: RBI’s Thirty-Day Explanation Rule and Fraud-Transaction Charge Hold

Track transaction-specific card complaints, RBI’s thirty-day explanation requirement and the prohibition on charges on transactions disputed as fraud until resolution.

By Team assureOffice

Commercial-Bank Credit-Card Charges: Three-Day Past-Due Test, Outstanding Bases and No Charge2026-10-26

Commercial-Bank Credit-Card Charges: Three-Day Past-Due Test, Outstanding Bases and No Charge Capitalisation

RBI separates late-charge eligibility from interest calculation. Verify the past-due clock, adjust outstanding amounts for credits and test that unpaid taxes and charges do not themselves attract further charges.

By Team assureOffice

Unsolicited Credit Cards: RBI Charge Reversal, Twice-the-Charges Penalty and Consent Evidence2026-10-26

Unsolicited Credit Cards: RBI Charge Reversal, Twice-the-Charges Penalty and Consent Evidence

RBI prohibits unsolicited credit cards and upgrades. The stated billed-and-activated-without-consent case requires charge reversal plus a separate penalty of twice the reversed charges.

By Team assureOffice

Credit-Card Refunds: RBI’s One-Percent/₹5,000 Consent Cut-Off and Bank-Account Reversal2026-10-26

Credit-Card Refunds: RBI’s One-Percent/₹5,000 Consent Cut-Off and Bank-Account Reversal

RBI distinguishes refunds before unpaid dues are settled from credits after payment. Apply the lower-of cut-off, retain explicit consent and track a requested bank-account reversal.

By Team assureOffice

Mutilated Banknotes: RBI’s Ten-Piece Boundary, Receipt Route and Thirty-Calendar-Day Referral2026-10-26

Mutilated Banknotes: RBI’s Ten-Piece Boundary, Receipt Route and Thirty-Calendar-Day Referral Control

Mutilated-note exchange requires adjudication of exchange value. Apply the ten-piece and ₹5,000 bulk tests, obtain a receipt and track referred notes through electronic credit.

By Team assureOffice