NEWS & ADVICE : CREDIT CARDS
Few more interest free days to pay credit card dues
By Ankit Sharma
Apr 8, 2014
Print    Email    RSS   

Good news is lined for the credit card holders. The apex bank has asked the banks to make credit card charges reasonable and instructed them not to charge any interest on card dues till the next bill date even if payment is not made before the due date. At present the bank charges the interest rates from the credit card holders at expiry of the due date. Now the banks will be providing few more interest free days to the credit card holders.

However banks have reported that if the customer does not pay the dues till the next billing date then he will be charged interest from the date of purchase. In order to enhance convenience for the customers, RBI has asked the bank to take this measure. For now, most banks and credit card companies appear reluctant to reduce credit card charges.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
A general guide to Auto Insurance
Carnival of Indian Personal Finance Blogs #6
Cobranded debit cards: How good are they?
Virtual Credit Card- Know all about it!!
Some quick facts about CIBIL report


I want to get my credit card statements for the...
Radhey@09646870399 @Escoℛts In#Chandigarh...
Radhey@09646870399 @Escoℛt In#Chandigarh...
Radhey@09646870399 @Call#Giℛls In#Chandigarh...

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive