<h1>RBI Reports Surge in Credit and Debit Cards; RuPay Credit Cards Await Approval; Transaction Fees Unregulated by RBI.</h1> The Reserve Bank of India (RBI) collects data on credit and debit cards issued by Scheduled Commercial Banks, with figures showing an increase in outstanding cards from 2013 to 2016. Public sector banks issued a growing number of credit and debit cards, with totals reaching 5.55 million and 627.81 million, respectively, by December 2016. The National Payment Corporation of India has proposed the launch of RuPay credit cards, pending approval. Card networks like RuPay, Visa, and MasterCard charge fees for transactions, but RBI has not regulated these charges. RuPay cards are mandated for accounts under the Prime Minister Jan Dhan Yojana.