|Dear SBI Cardholder,|
|We would like to inform you about an important regulation issued by the Reserve Bank of India (RBI) with respect to the use of credit card for the following:|
|There are many casinos, hotels and websites that prominently advertise the above and ask you to pay through your credit card for these services.|
|Under the Foreign Exchange Management Act, 1999 (FEMA) and other applicable regulations the use of a credit card for items on the aforementioned list is prohibited. RBI regulations mandate that in the event of non-compliance with this guideline, the cardholder (including the add-on cardholder) will be held liable and the cardholder may be debarred from holding the card.|
|We assure you the best of our services.|
Dear SBI Cardholder, - Dear SBI Cardholder, We would like to inform you about an important regulation issued by the Reserve Bank of India (RBI) with respect to the use of credit ...