New Delhi, April 4 -- To combat the ever-rising number of credit card defaults in India, leading financial institutions and banks have implemented strict rules for recovering overdue amounts.

Kotak Mahindra Bank, in accordance with Reserve Bank of India (RBI) regulations, ensures that overdue recovery notices are delivered to credit card users seamlessly.

This process involves several steps, from initial reminders to potential legal actions. It ensures that borrowers are kept informed of their obligations and the consequences of default.

This write-up outlines Kotak Mahindra Bank's terms and process for issuing credit card overdue recovery notices.

When a credit card payment is overdue, Kotak Mahindra Bank first sends the credit card ...