Charges for missing a payment of 1005 INR on my CC?
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I had a bill of 3 lakh which I paid in parts via CRED yesterday (which was also due date). I missed a payment of 1000 (transaction failed but I retried and counted it as 2 transactions 
). Today, I was just verifying my account and realised the blunder. I paid the remaining amount instantly.
The transactions were 1 lakh each and I have an interest rate of 28% pa. 1st transaction was done on 25th of Jan and last was done on 16th of Feb.
What all penalties I am looking at?
I am guessing the bank will charge me interest on full amount capping to due amount of 1005.
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Is this written anywhere in MITC? Similar thing happened with my brother for Axis bank (cash back adjustment) and he realised it after 10 days of next bill generation. He had to pay 350 for 1000 INR due on a total bill of 5000.
Grace period varies per bank, check this thread
https://www.desidime.com/discussions/credit-car...
Everything can be waived off you just have some skill to convince customer care.
@bohemian meaning I can be charged approx. 7000 (interest) + GST for not paying 1005? That’s sad.
why?, you paid within grace period
qa leke aaya jagat me
U r safe, no charges will be levied
if its SBI clear outstanding also now
Nothing to worry bro. If they charge you such charge or fees then call customer care and politely tell them that I want to close my credit card as there are many issues. Then they will ask reason tell them the reason is charges of card that they put . They will wave off all the charges. They didn't want to let go there heavy users like you. Nothing to panic .
Some banks like HDFC have an internal grace period of about 3-4 days after due date. I can confirm that (twice faced this due to settlement issues/failed payment).
Now, not all banks are that ethical or have such internal extended grace period... which card did you miss for?
IDFC failing in cred, error message is there toast for a 1 second and then it redirects to failed page.
Nothing…. Generally there’s 3-4 days grace period after due date!