AU Bank Reward point devaluation

Received a Email from Au Bank as below - 

Below changes will be applicable on your AU Credit Card w.e.f 5

th July’23
1. Zenith Credit Card: Cardholders can earn maximum of 40,000 total Reward Points in
a statement cycle with a maximum of 20,000 Reward Points on each Merchant
category.
2. Reward Points Redemption Fees: A nominal fees of Rs. 99 + GST will be levied on
every successful redemption. These charges will be applicable for all AU Bank Credit
Card variants.
3. Redemption of Gift card’s/Vouchers/E-vouchers: Value of each Reward Points will be
INR 0.20 if redeemed against Gift card’s/Vouchers/E-vouchers. This will be applicable
for all AU Bank Credit Card variants. For all other categories of redemption value of
each Reward Points will remain unchanged.

So if you have reward points and want to encash for voucher do it before 5th July.