Article · Regulation

RBI Master Direction: Credit Card and Debit Card, Issuance and Conduct

Reserve Bank of India · rbi.org.in Free Intermediate India

The RBI's own rules for every card issued in India, including the definitions that separate a business credit card from a corporate card and who is liable for each. Read the definitions and the business-card clause to know what you are signing.

  • A business credit card is issued to a business entity or an individual for business expenses, not personal use.
  • A corporate card is issued to employees, with liability on the company, the employee or both, as the product states.
  • A business card's limit counts toward the business's total assessed credit with the bank.
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The question it answers

  1. Which business or corporate credit card is best in India?

Read with it

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