You have 3 grace days after credit card payment due date

Banks Have To Provide 3 Days Grace Period From The Due Date and if u make the payment within these 3 days late fee and interest has to be reversed. Attached RBI circular and link more  

via_LocalCircles_IMG_0867___20240501074201___.jpeg
View all 6 comments Below 6 comments
Good information. These things never come to our notice. more  
thanks and it applies to credit card payments only.it would have been good if the complete rbi notification had been included or a site where it is available so that we can download the same andkeep it for reference more  
Thank you for your information. Does this apply also for credit card payments? Can any one clarify. more  
Thanks for the information more  
Post a Comment

Related Posts

    • By Sanjit Jha
      /
    • Indexation removal by Govt is bad for property ownership

      Many have no option but to borrow and buy real estate. A loan serviced for say 20 years, significantly increase the amount paid towards the property. Now, they no longer have recourse to adjust for...

      By Reeta Kumar
      /
    • WEWELLCOM PATANJALI AYURVED's ACTION

      The Brompton cocktail, sometimes called Brompton mixture and most popularly known as Brompton cough mixture, was originally developed at a hospital specializing in chest diseases. This cough mixtur...

      By Jayakumar Daniel
      /
    • Milk price increase - Karnataka

      Basic milk price has been increased by ₹4 per litre in Karnataka. The govt says that it is not an increase. They have added another 50ml to the pouch and that this increase is for the addl volume. ...

      By Padmanabhan G
      /
    • What is wrong with Amazon Fresh service

      They are showing random MRPs just to show big discounts. No where in India tomato has MRP of 261/kg and look at these people. Please escalate this to consumer affairs department and essential commo...

      By Radha Puri
      /
    • Listerine mouthwash linked to cancer

      Is Listerine Mouth Wash Linked to Cancer? In another shocking news, scientists have found that the daily use of Listerine Cool Mint Mouthwash may be linked to an increased risk of colore...

      By Sneha Goyal
      /
    • New insurance renewal scam

      My health insurance policy is due for renewal and yesterday and i received a call from someone who claimed to be from ICICILombard . The agent confirmed my details and also my policy details which ...

      By Sanjit Jha
      /
    • Cigarette selling is permissible?

      If you go to cinema hall you will find lots of ads mentioning " smoking is injurious to health"... when govt. is displaying such ads., how they are allowing sell in the market...isn't contradictory...

      By SANDIP KUMAR BHADRA
      /
    • Is selling cigarettes online permissible

      See attached this Blinkit is selling cigarettes online. Is there an age check. What if young 15 year olds are ordering and consuming them. If amazon flipkart big basket dont sell such pr...

      By Amit Mishra
      /
    • Beware of calls from telecome dept

      Got a call from ‘Telecom Department’ that all phone numbers under my name will be blocked in 2 hours. And to press 9. Looks like a new scam

      By Sarita S
      /
    • Misleading by water purification cos

      Water Purifier industry is almost a semi scam Mis-selling, fear mongering by both trade and brands. And looting in the name of service Aquaguard, Kent, Pureit are all the sam...

      By Shivani Khiste
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)