Winning Bizness Desk
Mumbai. The Reserve Bank of India (RBI) has issued guidelines regarding the issuance and operations of credit cards. It said that if the bank does not complete the process of closing the credit card within seven working days after the entire due is cleared on the request of the customer, then a fine of Rs 500 will be payable every day. This guideline will be applicable from July 1, 2022.
The name of this guideline has been given by the Reserve Bank of India (Credit Card and Debit Card - Issues and Conduct) Directions, 2022.
Rules for credit card companies
- * If a credit card holder has paid the balance amount, the request for closure of the credit card will have to be processed within seven days.
- * The Cardholder will have to immediately inform the Credit Card about the closure through SMS or Email.
- * Companies cannot compel Cardholders to send closure requests by post or otherwise. This may cause delay in receiving the request.
- * If the card issuing company or bank does not complete the credit card closure process within seven working days, then they will have to pay a fine of Rs 500 every day till the account is closed.
- * Know these rules too
- * If the credit card is not used for more than a year, the bank may initiate the process of closing the credit card account after informing the card holder.
- * If the cardholder does not respond within 30 days, the card issuer can close the card in case all the bills are cleared.
- * The card issuer has to inform the credit information company within 30 days from the date of closure of the card.
- * At the time of closing the credit card account, if there is some credit balance in the credit card account then it has to be transferred to the card holder's bank account.
Recently, an 80-year-old man died of burns when the battery of a Pure EV scooter caught fire. Actually the EV was being charged inside the house. Three other people were also reported to have been injured in this incident. On Thursday, Pure EV expressed its regret over the incident in Nizamabad near Hyderabad. The recalled units include the e-Trans+ and e-Pluto 7G electric scooters.
Case registered against Pure EV
According to Police, a case has been registered against Pure EV under section 304A (death due to negligence) of IPC.
Multiple cases of fire in Pure EV electric scooter
Shortly before this, another Pure EV electric scooter caught fire in Telangana. During this, there was a sudden fire in the electric scooter of Pure EV parked in the parking lot in Warangal district. The electric scooter can be seen burning in a viral video.
This is the fifth incident of a fire in Pure EV's electric scooter. In September 2021 also, two electric scooters of the company caught fire.
E-scooters of other companies are also catching fire
Apart from this, 20 electric scooters of Jitendra EV had caught fire recently. There have also been cases of fire in e-scooters from Okinawa and Ola. Some time ago Okinawa also issued a recall for more than 3000 of its electric scooters.