Will new credit card rule help you? RBI fixes minimum amount due formula for all cards

[IndiaInsurance]

https://img.etimg.com/photo/95733598.cms (https://economictimes.indiatimes.com/wealth/spend/will-new-credit-card-rule-help-you-rbi-fixes-minimum-amount-due-formula-for-all-cards/articleshow/95733598.cms)RBI recently asked banks and card issuers to calculate the minimum amount due on credit card bills in a way that does not result in negative amortisation. How will banks and card issuers calculate minimum amount due now? All you need to know

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