What is the outcome if a credit card remains inactive and unactivated?
According to RBI guidelines, credit card providers must secure user approval before enabling a card. In cases where a card remains unactivated and the issuer fails to get the necessary consent, they are obligated to shut down the account without imposing any fees on the user. Furthermore, the RBI mandates that if a credit card has not been utilized for over a year, the provider is permitted to terminate the account, provided they have issued a prior notification.
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