Friday, June 28, 2013

HDFC Bank Not to Accept Credit Cards for Gold Sale

.........After Reliance Capital’s decision to halt sales of gold-backed funds, it’s now HDFC Bank’s turn to stop the use of credit card for gold purchases. The second largest private lender has directed its branches not to accept credit cards for gold coin purchases. On Wednesday, it issued a note to jewellery outlets to stop providing easy EMI facilities to customers to prevent speculative investment............

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