Reserve Bank of India (RBI) has issued a direction to all Banks regarding
late payment charges on credit cards dues on July 16, 2015.
According to RBI circular bank can charge late
payment fees charges only after 3 (three)
days from due date shown in credit card bill.
Its is important to mention here that late fees
payment charges varies from bank to bank & type of card you have opted
& ranges from about Rs. 200 to Rs. 1,000 .
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