Money & Banking

HDFC Bank hikes late fee on credit card bill payment

BL Internet Desk | Updated on March 04, 2019 Published on March 04, 2019

HDFC Bank hikes late payment charges on credit card bills

HDFC Bank has revised the charges for late payment of credit card bill with effect from April 1, 2019. The late payment charges will be applicable for all cards expect Infinia.

The late payment charges are as follows:

Statement balanceTill March 31, 2019From April 1, 2019
Less than Rs 100NilNil
Rs 100 to Rs 500Rs 100Rs 100
Rs 501 to Rs 5,000Rs 400Rs 500
Rs 5,001 to Rs 10,000Rs 500Rs 600
Rs 10,001 to Rs 25,000Rs 750Rs 800
More than Rs 25,000Rs 750Rs 950

 

The private lender, in its notification, said that the credit card holders can also opt for the revolving credit facility. That is, the card member can choose to only pay the Minimum Due Amount and the outstanding credit amount will be carried forward. The mimimum amount due should be paid by the due date to avoid late payment fee.

Click here to view the complete notification of the HDFC Bank on the late payment charges on credit cards.

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Published on March 04, 2019
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