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Image3. Can a credit card be issued without applying for the same?

Banks/NBFCs have been advised that unsolicited cards should not be issued. The written consent of the applicant would be required before issuing a credit card.

If an unsolicited card is issued and activated, the card-issuing bank shall not only reverse the charges, but also pay a penalty to the recipient amounting to twice the value of the charges reversed. Any loss arising out of misuse of such unsolicited cards will be the responsibility of the card issuing bank/NBFC.
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