Global Banks Pull Back Credit Cards for Wealthy Indians Due to Overseas Fund Rules

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Banking

10 August 2026 at 4:14 am

Global Banks Pull Back Credit Cards for Wealthy Indians Due to Overseas Fund Rules

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Summary

Global banks are increasingly hesitant to issue or renew international credit cards for wealthy Indian residents due to India's 180-day rule on deploying overseas funds, also affecting minors with foreign accounts.

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