According to data released by the Reserve Bank of India (RBI), spending under credit cards in June 2020 was Rs 42,818 crore, which was 36% lower than Rs 67,000 crore in January 2020. On the other hand, debit card spends stood at Rs 47,252 crore, which was only 24% lower than Rs 62,153 pre-Covid.To Contact Insurance and Investment Expert
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Lockdown forces shift from credit to debit cards
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Reviewed by Insurance Advisor
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September 13, 2020
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