BANKING AFFAIRS

Detailed explanation-1: -An auto debit facility on credit cards is offered upon a request made by cardholders, but it is not compulsory.

Detailed explanation-2: -Merchant enables automatic recurring payments on your card. After your successful OTP validation, an e-mandate can be established on your card for recurring transactions only. Automatic payments in India will be limited to ₹5, 000 INR per transaction due to Reserve Bank of India regulations.

Detailed explanation-3: -This means if you make a partial payment before the payment due date, the autopay instruction for payment of the Minimum Amount due (MAD) or Total Amount due (TAD), as opted, may be returned unpaid. As a result, autopay return charges will be levied on the net payable amount.

Detailed explanation-4: -The card lets you save up to 2.5% on fuel expenses and also rewards you with reward points on other eligible spends. Moreover, you can redeem the reward points for free fuel at any HPCL petrol pump.