Current Affairs · Banking Regulations

Consider the following statements regarding the RBI Master Direction on Credit and Debit Card rules: Statement 1: No card issuer shall issue a debit card to a customer unless the customer specifically applies for it in writing or through a secure electronic mode. Statement 2: In the case of credit cards, the card-issuing bank or NBFC must perform a comprehensive credit assessment and ensure that the credit limit sanctioned is commensurate with the financial standing of the applicant. Statement 3: When a customer disputes a transaction, the issuer is required to provide an acknowledgement within 48 hours and resolve it within a maximum period of 60 days. Statement 4: Debit cards shall only be linked to savings or current accounts, and not to cash credit or loan accounts unless specifically permitted. Which of the statements given above are correct?