Heavy penalty can be imposed for non-payment of credit card bill, every bank has different rules
Credit Card Interest Rates: Digitalization has increased rapidly in India in the last few years. In such a situation, people have also started using credit cards a lot. Many banks and companies keep on giving different types of offers to woo the customers. Nowadays most of the people prefer to use credit card while shopping online. For this reason, many banks and e-commerce companies also keep bringing various schemes to woo the customers.
But, many times people start doing online shopping without any need to show off and later they have to face heavy fines for not paying the bill. Credit card loan is like a quagmire in which many times people get stuck. The biggest reason for this is that a lot of credit card penalty is charged in it at different rates. Many banks have also changed their charge rules. In case of non-payment of money every month, the customer may have to deposit a penalty of up to Rs 1200. So let’s know about this-
State Bank of India Credit Card Charges (SBI Credit Card)
If you have an SBI credit card and you have to pay less than Rs 500, then you will not have to pay any extra charge for this. On the other hand, an additional Rs 400 may have to be paid on the bill ranging from Rs 501 to 1000. On the other hand, from Rs 1001 to Rs 10,000, you may have to pay an additional payment of Rs 1300. The same cash advance fee of 2.5 percent is levied.
Post Office Scheme: Invest 5 thousand in this scheme of post office every month, you will get so much benefit
HDFC Credit Card
If you have HDFC Bank credit card and you will not have to pay any charge for payment of less than Rs.100. On the other hand, up to Rs 100-500, you may have to pay a late fee of Rs 100, while up to Rs 501-5000 you may have to pay a charge of Rs 500. On the other hand, 5001-10000 will be charged Rs 600, 10001-25000 will be charged Rs 800. On the other hand, a fine of Rs 1100 will be imposed on Rs 25001-50000 and Rs 1300 on more than 50,000.
Damaged Currency: Debited FAT notes have been removed from ATMs, in this way easily exchange in the bank
ICICI credit card
There will be no payment of less than 100 on the credit card of ICICI Bank, the largest private sector bank. On the other hand, up to Rs 100-500, you will have to pay Rs 100 late fee, up to Rs 501-5000 you will have to pay Rs 500 as fine. While 5001-10000 will be fined Rs 750, 10001-25000 will be fined Rs 900. More than Rs 50,000 will be charged as fine of Rs 1200.
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