RBI JUST BANNED Rent Payments on Credit Cards — What You Must Know

RBI has tightened rules for payment aggregators — and that’s why major fintech apps have removed the “Pay Rent by Credit Card” option. Under the Reserve Bank of India’s recent master directions for Payment Aggregators, PAs are now required to aggregate funds only for merchants with whom they have a contractual relationship (i.e., registered merchants with proper KYC). As a result, rent payments — where landlords are often not registered merchants on these platforms — have been disabled on several apps. What changed — simple summary: • The RBI issued updated Master Directions (mid-September 2025) that tighten compliance and KYC requirements for payment aggregators and gateways. This effectively forces apps to stop routing credit-card rent payments to unregistered/unknown landlords. • Major apps — including PhonePe, Paytm and CRED — have suspended their rent-via-credit-card services while they align with the new rules. Expect similar changes across other payment platforms. • A direct consequence: no more reward points/cashback for rent paid through credit cards on these platforms — that easy reward stream has effectively ended. Why RBI did this (brief): regulators want stronger merchant onboarding and KYC to prevent fraud, money-laundering risks, and opaque fund flows that can arise when aggregators route funds to unverified recipients. This change reduces a high-risk use case (rent-by-card) unless the landlord is an on-platform, KYC-verified merchant. How this affects you (practical tips): If you paid rent via credit card for rewards or EMIs, your current options will be limited. Check whether your app still supports rent payments and what their new T&Cs say. Alternatives: NEFT/RTGS/IMPS/UPI or paying rent directly to landlord’s bank account; consider asking landlord to register as a merchant (if feasible). Keep statements and proof of payments if you switch modes — for rent records and tax/HRA claims. Share this video so renters know why cashbacks have stopped — and subscribe for more finance & payments updates. Disclaimer: All rights belong to their respective owners. This video is for educational/informational purposes only. Verify details and timelines on official RBI and app announcements before making financial decisions. rbi credit card rent ban, rbi rent payment rule, pay rent by credit card stopped, rent payment credit card banned india, phonepe rent credit card stopped, paytm rent credit card removed, cred rent payment stopped, why can't i pay rent with credit card, rbi master directions payment aggregators, payment aggregator new rules 2025, rent via credit card rewards stopped, no cashback on rent, rent payment alternatives, pay rent via upi, rent payment phonepe cred paytm, rent payment rules india, rent payments by card 2025, landlord merchant kyc, payment aggregator kyc rule, rent payment fintech halted, credit card rent ban explained, rent cashback stopped, rent payment news india, card rewards rent stopped, rent by card kya hua, rent credit card bandh, rent credit card hata diya, rent payment phonepe bandh, rent payment cred bandh, rent payment paytm bandh, rent payment options india, pay rent via upi emi alternatives, landlord merchant registration rent, fintech rent payment suspension, rbi payment aggregator circular, payment gateway rules rent, rent payment compliance india, rent payment charges, rent payment tips, rent payment proof, rent payment receipts #RBI #CreditCard #RentPayments #PhonePe #Paytm #CRED #DigitalPayments #Fintech #PaymentAggregators #NoMoreCashback #PaymentRules #FinanceNews #Shorts #ytshorts #India