Apex Bank will act little strict with you!
So, if you are already running late in paying credit card payment, just buck-up otherwise you might have to pay more pennies from your pocket.
Late Thursday, it was reported that Apex Bank of India has tighten the credit card norms. RBI has will levy penalty to credit card customer, if the payment is not made within the three days after the due date.
RBI has asked banks to treat credit card as non- performing if the minimum amount is not paid within 90days.
The step is taken to provide operational flexibility to credit card issuers and to bring in greater credit flexibility.
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