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Hello TFCians, Recently, I applied for the IDFC First Mayura Credit Card just for review purposes, as this card is not value for money, as I mentioned in my review article. I only planned to hold it for the first year. I've written a detailed review of this product, which you can check here...

Mobikwik Xtra is a peer-to-peer (P2P) lending platform that partners with Lendbox to facilitate P2P lending across the country. However, Mobikwik and similar platforms were somewhat misleading their customers by advertising these platforms as offering a 12% fixed income opportunity with the...

The RBI has finally imposed penalties on a bank for charging non-maintenance penalties from their customers. On May 27, 2024, the RBI imposed a penalty of Rs. 91 lakhs on Yes Bank for charging non-maintenance penalties from their customers' savings accounts even when their account balance was...

As expected from ICICI Bank, I found that they are not following a particular RBI guideline. Recently, I was looking at my ICICI Bank Emeralde Private Metal Credit Card statement and noticed a problem. The problem: The RBI directed all credit card issuers in India to follow this guideline: "v...

Several users have reported being able to view other customers' ICICI Bank credit cards on their iMobile app. Since the full card number, expiry date, and CVV are visible on iMobile, and one can manage international transaction settings, it's easy for someone to misuse another person's credit...

Many people are facing problems with SBI Unipay, a bill payment portal of State Bank Of India. The Problem: 1. Few customers paid their credit card bills via the SBI Unity portal. Payment was deducted from their bank account (payment was successful), but the bill payment failed. According to...

First of all, if you have an Axis Bank credit card, immediately disable your international transactions. Many Axis Bank credit card holders have reported fraudulent transactions on their credit cards today without the need for OTP. Numerous people have posted about such incidents on X (formerly...

Hello TFCians, As you are already aware, Axis Bank has issued notices to many Atlas credit card holders, requesting invoices for their spending on travel categories over the last few months. Axis Bank has suspended affected customers' Edge Reward accounts and asked them to submit these invoices...

Hello everyone, Today, I would like to share my ongoing dispute with ICICI Bank. In February 2023, they charged me 12,000+GST (annual fees) for my ICICI Emeralde credit card. However, in February 2022, ICICI Bank issued me a first-year free ICICI Emaralde credit card, and using that card, I...

Hello everyone, Earlier, I posted about an incident where AU Bank turned my account balance negative and asked me to pay to continue using the account. You can read the article here. Today, I would like to point out some problems with the system. In my opinion, the RBI should work on these...

Did you know that if a merchant charges you MDR fees for using a credit card, which is supposed to be paid by the merchant, you can file a complaint with the RBI banking ombudsman? This is in line with the RBI and bank policy that requires merchants to pay MDR fees for accepting credit card...

Hello TFC Members, Today i want to share a banking kissa with you guys. I have a royal savings account with AU Small Finance Bank, but I failed to maintain the minimum balance requirement of 1 lakh rupees after February 2022. As a result, the bank deducted around 900 rupees from my account as a...

Hello, The problem of consolidation charges is a headache for all Axis Bank customers. They are deducting unusual charges every quarter. Since the last few quarters, they have been deducting SMS alerts from my Burgundy account. Can you imagine that Axis is deducting SMS alert fees from their...

If you want to file a complaint against any bank, follow those steps. Remember one thing, file a complaint with your bank first, then wait 30 days for resolution. If your bank doesn't solve your problem within 30 days, you can move to the RBI banking ombudsman. If you don't get any satisfactory...

This is a common problem. Sometimes a few shopkeepers ask you to pay an extra amount (around 2%) for accepting payments using your credit card. Can merchants ask you to pay extra for using your credit card? There is an old internal RBI circular issued to all banks and credit card issuing...

If you are using a credit card, you should Know about these RBI guidelines (effective from 1st July, 2022) 1. Card issuers shall report a credit card account as 'past due' to credit information companies (CICs) or levy penal charges, viz. late payment charges and other related charges, if any...

Hello everyone, on April 21, 2022 RBI issued a fresh set of directions for banks and other lending organisations regarding the issuance of debit and credit cards. The provisions will be effective from July 1, 2022, and apply to every scheduled bank (excluding payments banks, state co-operative...

Hello everyone, As I've already posted on our telegram group, people who have applied for bob credit card using our link (application link- https://bit.ly/370oK7H ) can submit their problems here, bob employees will check them on priority basis. You can submit any problem related to your...

Hello everyone, If you are facing any problem with your Bob credit card or bob card application or anything related to Bob cards, just post here. But remember... do not post any sensitive data. Apply for Lifetime Free BOB Credit Card (primer/select/easy) - https://bit.ly/370oK7H Apply for...