--> Skip to main content

HDFC Bank Credit card late payment charges changing from 1st April

USNMix Report: Do you use HDFC credit card? 
This rule is changing from 1st April.

Since April 1, the bank is revising the late payment charge.

In terms of market capitalization, the country's largest private bank HDFC is going to change the rules regarding credit card from April. The bank has alerted its credit card customers about the changes in the rules. According to the report, the bank alert says that it is revising the late payment charge from April 1. He warned the customers that they do not ignore the due date given in the statement. Pay from time to time. 
HDFC Bank Credit card late payment charges changing from 1st April

Charging on these cards HDFC Bank imposes a charge on late payment on all its credit cards except for Infinia Card. These are different depending on the outstanding balance. However, the bank gives a grace period of 45 to 51 days to the customer, in which the outstation is to be filled in the period when purchasing it from the card. During this time the bank does not charge interest or charge. But in the statement, there is a strong charge after crossing due date.

After 1 April it will take charge

Statement Balance: Between 501 to 5000
Late payment charge: 500 rupees
Statement Balance: Between 5001-10000
Late payment charge: Rs 600
Statement balance: between 10000 to 25000 rupees
Late Payment Charge: Rs 800
Statement Balance: Above Rs.25000
Late Payment Charge: Rs 950

What is Due Date?
Any bank charges a late payment charge when the customer is unable to pay even minimum amount. Minimum Due Amount is 5 percent of total outstanding total. According to HDFC Bank, if customers have to keep their credit scores high then they should pay credit card outright on time.


Most View Product

How to remove your name from Truecaller?

USNMix Report: How to delete your name

Airtel develops Wifi hotspot areas at 500 locations across the country

USNMix Report: Airtel's gifts to millions of customers,

Xiaomi leads Smartphone race in India, Samsung second, Vivo third

USNMix Report: Xiaomi made India's smartphone market king,