Credit Card Grace Period | No Late Fees If You Delay Credit Card Payments by 3 days | Bankbazaar

Watch this video to know all about 3-day grace period on credit card payment.
According to the RBI's Master Direction - Credit Card and Debit Card - Issuance and Conduct Directions, 2022, issued on April 21, 2022, banks and credit card issuers can only charge late payment fees after three days following a missed payment.
To know more, check out the video.
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[@nareshbeniwal8391]

3 days grace period, what happens if one public holiday is between 3 days after the due date, Suppose the due date is the 12th august and public holiday on 15th August and payment date is 16 August, in that case late fees will be applicable or not?

[@BankBazaar]

Hi, thankyou so much for watching the video. In 3-day grace period, the days are 'Calendar Days' that means public holidays, sundays, etc will be counted while calculating those 3 day grace period. For example, if the due date is 12th August, your 3-day grace period ends on 15th August. After this day, you will be charged late fees & interest.