Do banks have any form of legal guideline to be followed when an interest is given for a...
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Do banks have any form of legal guideline to be followed when an interest is given for a credit card?
Answered on May 11, 2010
Updated on May 11, 2010
The content is accurate at the time of publication and is subject to change.
Yes there is a legal law that banks have to keep in mind earlier many banks had ranged their interest rate ranging from 12% to 18%, however today this range has increased from 18% to 24%.
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