RBI Guidelines: Banks Should Allow Card Network Changes | Explained with Examples

[xfactcc]

Free, check his profile post -

CardCraftsman.

www.technofino.in

Thanks man! So, it should be free as it is a replacement right...

But like someone mentioned in the comment section of that post, the representative told me that I will have to pay joining and annual fee as well for the changed card, maybe he didn't know.

If I may pry, was the MyZone card mentioned in the email was already LTF or was it converted to LTF too? 👀

 

[xfactcc]

Mine signet, I asked for rupay variant
Tried via twitter also, until now no reply
Guys
Pls help me

If the card is offered on desired network, then you should get it. If they refuse, email them and properly follow the grievance redressal escalation matrix i.e., Cust care, NO, PNO etc. cite the RBI's policy. If nothing works, reach RBI BO and let them do the noble work.

 

[xfactcc]

You can't thanks to FED wierd policies 🤣

FED policy can't trump RBI policy right? 🤔

 

[ashwink]

FED policy can't trump RBI policy right? 🤔

Try your luck 😹

 

[Abhishek012]

Thanks man! So, it should be free as it is a replacement right...

But like someone mentioned in the comment section of that post, the representative told me that I will have to pay joining and annual fee as well for the changed card, maybe he didn't know.

If I may pry, was the MyZone card mentioned in the email was already LTF or was it converted to LTF too? 👀

Ask him, @CardCraftsman.

 

[CardCraftsman.]

Thanks man! So, it should be free as it is a replacement right...

But like someone mentioned in the comment section of that post, the representative told me that I will have to pay joining and annual fee as well for the changed card, maybe he didn't know.

If I may pry, was the MyZone card mentioned in the email was already LTF or was it converted to LTF too? 👀

I complained through RBI BO that SBI, BOB and HDFC have converted my LTF visa variant to LTF Rupay variant, it is a different thing that I don't even have Rupay cards from SBI and BOB. Also mention, if the card is not given then I will complain to consumer helpline.

 

[Vasuki]

I complained through RBI BO that SBI, BOB and HDFC have converted my LTF visa variant to LTF Rupay variant, it is a different thing that I don't even have Rupay cards from SBI and BOB. Also mention, if the card is not given then I will complain to consumer helpline.

Sbi ?? What
How to get sbi bpcl to rupay bpcl

 

[xfactcc]

I complained through RBI BO that SBI, BOB and HDFC have converted my LTF visa variant to LTF Rupay variant, it is a different thing that I don't even have Rupay cards from SBI and BOB. Also mention, if the card is not given then I will complain to consumer helpline.

Firstly, you made me chuckle. 🤭

So you already had a LTF MyZone visa, which Axis didn't want to issue Rupay for free, so you went to RBI BO and told them the other so snd so banks have given you free network change for your LTF cards, then why isn't Axis?... so, they budged?

 

[CardCraftsman.]

Firstly, you made me chuckle. 🤭

So you already had a LTF MyZone visa, which Axis didn't want to issue Rupay for free, so you went to RBI BO and told them the other so snd so banks have given you free network change for your LTF cards, then why isn't Axis?... so, they budged?

Correct . .

 

[Krndeep]

Emailed to RBI as federal bank refused to change to Rupay, let's see what happens

 

[CardCraftsman.]

Sbi ?? What
How to get sbi bpcl to rupay bpcl

They easily convert base sbi bpcl card but not bpcl sbi octane RN

 

[Vasuki]

They easily convert base sbi bpcl card but not bpcl sbi octane RN

I converted sbi BPCL Octane to bpcl normal visa..
I want rupay now ..
Mailed pno waiting for answer

 

[Krndeep]

Won with help of RBI
FEDERAL SIGNET VISA converted to Rupay

 

[GopalV]

Won with help of RBI
FEDERAL SIGNET VISA converted to Rupay

Can you elobarate on that,what is the procedure?

 

[Krndeep]

Can you elobarate on that,what is the procedure?

Quoted the RBI clause and filed a complaint with RBI, in initial stages they were very keen in straight away denying the same with different reasons , hoping I would close the complaint, but they can't say that in official response to RBI, hence at last they gave up and I won.


Circular - Credit Cards issued vide Circular RBI/2023-24/131CO.DPSS.POLC.No.S1133/02-14-003/2023-24 dated March 06, 2024,