CREDIT CARD PAYMENTS IN INDIA – RBI GUIDELINES ON 16-07-2015 TO THE CREDIT CARD COMPANIES- DUE DATE – LAST DATE FOR PAYMENT – GOOD NEWS FOR CREDIT CARD HOLDERS


THE RESERVE BANK OF INDIA HAS ISSUED A CIRCULAR TO ALL THE FINANCIAL INSTITUTIONS WHO ARE IN THE CREDIT CARD BUSINESS THAT THE PAYMENT DUE DATE AND THE LEVY OF LATE PAYMENT FEE OR PENAL CHARGES WILL BE AND MUST BE 3 DAYS AFTER THE DUE DATE MENTIONED IN THE CREDIT CARD STATEMENT.

THE RESERVE BANK OF INDIA NOTIFICATION :

RESERVE BANK OF INDIA GUIDELINES FOR CREDIT CARD PAYMENTS
RESERVE BANK OF INDIA GUIDELINES FOR CREDIT CARD PAYMENTS

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