The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Nation

Credit Card users to get one time option to change billing cycle: RBI

by TLAteam May 6, 2022May 6, 2022
written by TLAteam May 6, 2022May 6, 2022
Credit Card users to get one time option to change billing cycle: RBI

The RBI recently issued credit card regulations in which customers be given a one-time opportunity to change the billing cycle to their preference.

Business News

According to the apex bank, a billing cycle or billing period is the regular interval between the closing dates of two consecutive bills raised by the card issuer.

The same provision shall be granted with effect from July 1, 2022.

On the credit card, the payment date generally falls 15-25 days after the billing period ends.

For the transactions performed during the billing period, credit card holders enjoy interest free period from the start of the billing cycle to the payment due date. Payments made after the due date are subject to late fee and interest together with an impact on the credit score.

With the new ruling in place, you can change the billing period as a one-time option, allowing you to choose the billing cycle so that the payment due date falls in line with your convenience and cash flow.

Individuals who have multiple credit cards will find this useful. So, once again, you can use the one-time modification option to achieve your goal.

AhmedabadAhmedabad cityAhmedabad newsGujaratlatest news
0 comment
previous post
Ahmedabad registers 41.2 degrees Celsius
next post
Girl Proposes to boyfriend during CSK vs RCB match

You may also like

Former Congress Chief Sonia Gandhi’s Health Deteriorates in...

June 7, 2025

Goodbye to PIN Code: India Post Launches DigiPIN...

June 7, 2025

Bengaluru PG Hostels Face 25% Loss as More...

June 7, 2025

Bank Employee Steals ₹4.58 Crore from 41 FD...

June 7, 2025

RBI Repo Rate Cut to 5.50%: How It...

June 7, 2025

Virat Kohli Named in Police Complaint Over Bengaluru...

June 6, 2025

Elon Musk’s Starlink Govt Nod from India, Set...

June 6, 2025

Sensex Rallies 700 Points, Nifty Nears 25K as...

June 6, 2025

Amazon India Introduces Rs 5 Marketplace Fee Per...

June 6, 2025

Big Change! India-England Series No Longer the Pataudi...

June 6, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Business News

Recent Posts

  • Former Congress Chief Sonia Gandhi’s Health Deteriorates in Shimla

    June 7, 2025
  • Fun to Your June with Drama, Music & More This Weekend

    June 7, 2025
  • Goodbye to PIN Code: India Post Launches DigiPIN — A 10-Digit Digital Address

    June 7, 2025
  • Disha Patani Turns Up the Heat with Scorching Bikini Looks

    June 7, 2025
  • Bengaluru PG Hostels Face 25% Loss as More Residents Opt for Apartments and Self-Cooking

    June 7, 2025
May 2022
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
3031 
« Apr Jun »
The Live Ahmedabad
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.