Credit Card - What if, for any reason, I do not pay the Minimum Payment Amount or the Current Balance by the Payment Due Date?

Normally the bank will charge you Service Fee on each retail transaction from the transaction date to the date the statement is generated. Late Fee will be charged at some percentage (usually 10%) of the Minimum Payment Amount or Rs. 600, whichever is higher. The bank may block your credit card effective next statement date if minimum payment is not received.

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