In this video you will learn that as per the new credit card guidelines of RBI, now no bank or card issuer can activate the Overlimit feature without the explicit permission of the customer. Earlier, many banks used to start this facility automatically, due to which customers used to spend more than the limit and overlimit charges were imposed on them. Now RBI has stopped this process completely. Under the new guidelines, customers will decide for themselves whether they want to keep the Overlimit feature active or not. For this, banks and card issuers will have to provide transaction control feature on their apps, internet banking and mobile banking platforms so that customers can turn on or off the overlimit option at any time. This facility will always be available, due to which there will be complete control over the expenses. If the customer has not given permission for overlimit, the bank will not under any circumstances allow the card to be used more than the limit nor will it be able to charge overlimit. If the customer has been charged overlimit charges by mistake, he can get a full refund by filing a complaint on the RBI Ombudsman Portal. The new rules have been implemented with the aim of making the banking process more transparent and in the interest of customers.

In the digital age, PAN card has become your biggest financial identity. But if someone misuses your PAN card, i.e. opens a loan or credit card in your name without permission, then your credit history and ability to take future loans can be adversely affected. Recently, such complaints have also increased rapidly due to which RBI has instructed banks and NBFCs to follow strict rules. Apart from the rules of RBI, it is very important to be alert for your own safety to avoid this fraud related to pen. In such a situation, today we will tell you whether anyone has taken a loan on your PAN card and how you can check it.

How to know whether someone has taken a loan on PAN card or not?

Credit report is considered to be the most reliable way to know the information about the loan or credit card running on your PAN card. This credit report from CIBIL / Experian / Equifax keeps a record of all the loans, credit cards and inquiries made in your name. With this, your credit report is also considered a document that keeps an eye on every financial activity of the PAN card.

How to check credit report?

You can check your credit report to find out whether anyone has taken a loan on your PAN card or not. To check credit report, you can visit the websites of these credit bureaus. On this website you can download your credit report for free. For this you just have to provide basic information like PAN number and mobile number. At the same time, it is clearly written in this report which accounts are active in your name, which loans are running in your name and which institutions have inquired about your PAN.

Keep some special things in mind while viewing credit report

According to RBI, some special things have to be kept in mind while checking the credit report. In which first of all you should see that any such loan or credit card is not visible in your report for which you have never applied. Apart from this, check that your account number or bank company name is not wrong. Also check in the report whether there is any credit inquiry which you have not approved. If you see any of these things in your report, consider it a red flag and take immediate action, otherwise your credit score may be affected.

What to do if you get a fake loan?

• If you see fake loans in the report, there is no need to panic. For this, first of all you should contact the lender i.e. Bank-NBFC, in whose name the loan is visible and tell them that it is a fraud.
• Apart from this, lodge an online complaint with the same credit bureau. So that he can amend the report. For this, proof of identity card and affidavit is necessary.
• After this, go to the cyber crime cell of the nearest police station and register. This legal action will be useful to you in future also. You should also keep all the documents like copy of PAN card, receipt of complaint, email or message safe.

How to keep PAN card safe?

• To keep the PAN card safe, do not share the PAN number on any unknown website, app or WhatsApp message.
• Apart from this, when giving a photocopy of PAN card to someone, write a signature on it only for checking.
• Apart from this, keep strong passwords for bank accounts and apps and keep SMS-email alerts on.

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RBI Actions on Baghat Urban Co-Operative Bank: Taking regulatory action, the Reserve Bank of India (RBI) has imposed strict restrictions on The Baghat Urban Co-operative Bank Limited, based in Solan, Himachal Pradesh. According to the instructions of the Central Bank, now this bank will neither be able to accept any new deposits nor will be able to issue new loans. Along with this, payment of bank liabilities has also been banned.

What are the instructions of RBI?

RBI said that without prior written permission the bank cannot give any new loan, accept new deposits nor fulfill its financial obligations. This step has been taken after serious financial irregularities came to light during the recent inspection.

According to the report of news agency PTI, considering the current cash position of the bank, RBI has set the withdrawal limit of customers at Rs 10,000. However, RBI has given the relaxation that the bank can use the amount present in the customers’ accounts to adjust their outstanding loans.

What will happen to insurance coverage?

RBI also clarified that the bank’s depositors have insurance protection under the Deposit Insurance and Credit Guarantee Corporation (DICGC). According to this provision, each depositor will get an insured amount up to a maximum of ₹ 5 lakh, which will be decided as per the status and rights of his account.

The central bank also clarified that these restrictions do not amount to canceling the bank’s license. The bank will be able to continue its operations with limited conditions. This step of RBI has been taken with the aim of stabilizing the financial condition of the bank and protecting the interests of depositors.

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Tripura bank holiday: Today i.e. Monday 26 May 2025, there will be a holiday of all the private and government banks. In such a situation, if you do not know about this and reach the bank, then you may have to come back without work. That is, the customers of the bank will not be able to get any of their work done today. However, this holiday will remain in force in only one state and that is the state- Tripura.

Bank closed in Tripura

The reason for this is Kazi Nazrul Islam’s birthday celebrated every year on 26 May. Nazrul Islam was a great writer, musician and poet and revolutionary of Bengal. Hence he was known as rebel poet. Kazi Nazrul Islam raised a loud voice against English rule, religious fanaticism and social justice through his writing.

There is a great glimpse of equality, freedom and human dignity in his songs, writing and poems. Therefore, in honor of Nazrul Islam, the government of Tripura has announced to keep the bank closed. After this, on May 29, there will be a holiday of banks in Shimla. The reason for this is the birth anniversary of Maharana Pratap on this day.

Bank will be open this Saturday

Although there should be a holiday of banks in Tripura, but digital services like UPI, IMPS, mobile banking and net banking will continue to work like the apprehension. Apart from this, banks will not have a holiday this time on the last Saturday of this month. The reason for this is that this is the fifth Saturday. Therefore, the bank is going to be closed for two days next week in Agartala and Shimla because June 1 is Sunday.

According to RBI guidelines, the bank holiday is on the second and fourth Saturdays of every month, while the remaining two are full day work on Saturday. Apart from this, banks also have a holiday on Sunday.

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