Late Fee Costs Of Credit score Playing cards In contrast

by

[ad_1]

Profile image

By Anshul   IST (Up to date)

Mini

Late fee expenses of bank cards: How late fee expenses of key banks examine? Examine our tables for prepared reference

Bank cards give a person the liberty to buy. Nevertheless, failure to make well timed funds of bank card dues can lead an individual right into a debt lure. Additionally, he/she might be required to pay  an additional quantity on the bank card payments and it is called the late fee expenses.

Key gamers out there, like HDFC Financial institution, SBI Card and Axis Financial institution have been charging as much as Rs 1,300, Rs 1,300 and Rs 1,000 respectively for over Rs 50,000 steadiness fee. All these lenders have been charging the charges for fairly a while whereas ICICI Financial institution might be charging Rs 1,200 for late funds of Rs 50,000 or extra from February 10, 2022 onwards.

Listed below are the bank card late fee charges of various banks:

State Financial institution of India (SBI):

Money Advance Costs 2.5% of quantity withdrawn or Rs 500 whichever is larger
Late Fee Costs Assertion Steadiness Costs
Lower than 500 NIL
Rs 501-1000 400
Rs1001-10000 750
Rs 10001-25000 950
Rs 25001-50000 1100
>Rs 50000 1300
Overlimit Costs 2.5% of overlimit quantity, topic to minimal of Rs 600
Auto Debit/Cheque Return Payment 2 % minimal 500

HDFC Financial institution

Money Advance Costs 2.5% of quantity withdrawn or Rs 500 whichever is larger
Late Fee Costs Assertion Steadiness Costs
Lower than 100 NIL
Rs 100-500 100
Rs 501-5000 500
Rs 5001-10000 600
Rs 10,001-25,000 800
Rs 25,001-50,000 1100
>Rs 50,000 1300
Overlimit Costs 2.5% of over restrict quantity, topic to minimal of Rs 550
Auto Debit/Cheque Return Payment 2% minimal 450

ICICI Financial institution (wef from Feb 10, 2022)

Money Advance Costs 2.5% of quantity withdrawn or Rs 300 Whichever is larger
Late Fee Costs Assertion Steadiness Costs
Lower than 100 NIL
Rs 100-500 100
Rs 501-5000 500
Rs 5001-10000 750
Rs 10001-25000 900
Rs 25001-50000 1000
Greater than 50000 1200
Overlimit Costs 2.5% of over restrict quantity, topic to minimal of Rs 550
Auto Debit/Cheque Return Payment 2% minimal 500

Axis Financial institution

Money Advance Costs 2.5% of quantity withdrawn or Rs 500 whichever is larger(waived for Axis financial institution Burgundy non-public, reserve & Magnus CC)
Late Fee Costs Assertion Steadiness Costs
Lower than 300 NIL
Rs 301-500 100
Rs 501-1000 500
Rs 1001-10000 500
Rs 10001-25000 750
Rs 25001-50000 1000
>Rs 50000 1000
Overlimit Costs 3% of over restrict quantity, topic to minimal of Rs 500
Auto Debit/Cheque Return Payment 2% minimal 450, most 1500

(Edited by : Ajay Vaishnav)

First Printed:  IST



[ad_2]

Supply hyperlink