Banks to Charge late fee of Credit cards dues only after a Month – RBI

Credit Cards - RBI changes the late fee Charges

In major relief to credit card users Reserve Bank of India (RBI) has changed the way banks charge late fee on late bill payment. What do banks charge if you pay late? If you pay your credit cards beyond due date, banks usually penalize by charging the following: 1. Late Fee – this is fixed […]

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