Credit Card Bill Due On Time?
Credit Card Rule: Do You Use A Credit Card? Are You Paying Your Bill On Time? Did You Know That If You Don’t Pay By The Due Date, You Will Be Fined? But Recently The Reserve Bank Of India Has Taken A Key Decision To Provide Relief To Those Who Do Not Pay Within The Deadline. A Circular Has Also Been Issued In This Regard. With This, Even If You Forget To Pay The Credit Card Bill By Mistake, There Will Be No Problem.
Credit Card Rule: When The First Date Of Every Month Comes, We Have Many Bills To Pay. Room rent, EMI, current Bill, Gas Bill, Watal Bill, Paper Bill, DTH Bill Are Many. But It Is A Bit Difficult To Remember When All These Due dates are. similarly, if you have More Than One Credit Card, Then It Is Difficult To Remember The Due Date Of The Credit Card Payment. If You Can’t Make Your Credit Card Payment By The Due Date, Don’t Worry. Recently, The Reserve Bank of India (RBI) Has Taken A Key Decision To Provide Relief To Them.
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Banks And Credit Card Issuers Have Made It Clear That They Will Not Charge Any Additional Charges For Customers Who Have Missed Credit Card Payments For Up To 3 Days. It Said That They Should Be Allowed To Make Payment Up To 3 Days. In This Calculation, If You Forget To pay the Credit Card Bill By Mistake, There Will Be An Additional Chance Of 3 Days. On These Dates You Can Complete The Payment Without Any Fine. Even Then There Is No Impact On Your Credit Score. The Reserve Bank of India has Made It Clear To This Extent.
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But The Penalty Is Mandatory For Those Who Do Not Pay The Credit Card Bill Even For Those 3 Days. It Will Be Added To The Next Billing Cycle. Late Payment Charges Are Determined By Banks Or Credit Card Issuing Companies. It Depends On The Outstanding Amount. The Reserve Bank Of India Has Once Clarified That Such Late Fee Charges And Other Charges Should Be Levied Only On Any Outstanding Amount And Not On The Entire Amount.
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For Example, When It Comes To SBI Card, if Your Credit Card Outstanding Amount is Between Rs.500 to Rs.1000, The Late Payment Fee Will Be Rs.400. Rs. If The Outstanding Amount Is Between Rs.1000 to Rs.10000, A Late Fee of Rs.750 Will Be Charged. Rs. Sbi Has Fixed Late Fee of Rs.950 on Outstanding Amount From Rs.10 Thousand To Rs.25 thousand. Similarly, for Rs.25000-Rs.50 Thousand, There Will Be A Late Fee Of Rs.1100 And If The Outstanding Amount Is More Than Rs.50 Thousand, There Will Be A Fine Of Rs.1300.
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