INCOME TAX4 Sept 2026
How to safely replace a damaged credit card | Mint
When your credit card gets damaged, tell your bank right away through its official app, website, helpline, or branch. Avoid unsolicited links. Ask whether to block the card and if a fee applies. A replacement may get a new number and expiry, so update your subscriptions and keep paying your bill normally.
Key Statutory Highlights
- RBI requires card issuers to provide clear mechanisms and multiple channels for reporting lost, stolen, or misused cards.
- A replacement card may have a different card number, expiry date, or CVV, so you must update your subscriptions and recurring payments.
- Replacing the physical card does not cancel your outstanding balance; continue paying your bill by the existing due date.
Actionable Advice for Taxpayers / Founders:Before disposing of your damaged card, note any subscriptions linked to it and contact your bank through official channels to confirm the replacement process and any fees.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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