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Dec 28, 2013

Your Credit Card dues and NPA status

The Reserve Bank of India in its notification dated 20th December 2013 has advised that a credit card account will be treated as NPA (Non-Performing Asset) if the minimum amount due as mentioned in the credit card statement for the month is not paid fully within 90 days from the next statement date. It has also clarified that the gap between the two statements should not be more than a month.

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