Ask Blue Book
For a salaried customer earning ₹9.5 lakh a year, what is the maximum credit limit we can sanction without additional documentation, and which CMC governs it?
Short answer
3× verified monthly net income, capped at ₹2,50,000 — on ₹78,000 net that is ₹2,34,000. Governing directive: CMC-Cards-2024-07 §3.1, which operationalises R01 para 12(2).
Full reasoning
- 1.Limit set after independent assessment, considering other limits the customer holds.
- 2.Simplified track: lower of 3× net monthly income and ₹2,50,000.
- 3.Above ₹2,50,000: Form 26AS or ITR for 2 years and credit-committee approval.
Regulation
R01 para 12(2)
Internal directive
CMC-Cards-2024-07 (v2, 12 Jul 2024)
Operational SOP
SOP-Credit-Underwriting v3.2 (reviewed 04 Mar 2026)
Last regulatory change
Para 12(2) substituted w.e.f. 1 Oct 2026 by R03 — CMC re-confirmed 20 Oct 2026