RBI guidelines regarding credit card late payment charges

[Juganta]

When you paid the remaining Rs. 500?

Dada remaining 500 was carry forwaded to next statement which is Oct'24 along with finance of 93.22 rupees.
I have paid 593.22 on October statement generation date..

They have charged you interest for that remaining 500 rupees from its spend date to actual payment received date.
And yea... it's a valid charge.
But one more thing... why rbl didn't charged you any late payment fees 🤔
They charge 12.5% of due amount as late payment fees (min Rs 5 and max Rs 1300).

😵RBI BO k madad lena padega sayad qki RBL to clarify nahi kar raha>

 

[Juganta]

Need help regarding Finance charge levied by RBL bank
My Sept'24 Statement bill was 2509.49
View attachment 74757
But i have paid only 2009.43 before bill due date. (I forgot to pay balance 500.00)

But in my next Statement of Oct'24 finance charge of 93.22 including GST is added. View attachment 74758

While i have made no new purchase , and paid my Oct24 bill already.
i have asked for calculation of finance crg from RBL and they have replied me this.
View attachment 74762
So my final concern is not about that 93 rupees , but i want a clarification whether the bank is right or there is a miscalculation.
🙂

I Got reversal of the Finance charges, Only after i raised complaint with BO. now waiting for compensation if Any 😁

 

[Madhur Pareek]

Thanks for the valuable information.