sbi credit card policy

sbi credit card policy

72°
Pikachu
Deal Subedar
111
1224
51

In Sbi, if you miss due date for 1 month, the finance charges for late payment will come. But finance charges can be reveresed at most 1 time in a financial year.
But point to note here is : after that month, the next 2 months – you are supposed to pay the bill on statement date itself (not due date), if you pay before/on/after due date, financial charges will be there.

I came to know this now only sad
Very bad policy of SBI.

Actually i came to know, gov says after due date we have 3 grace days to pay. But SBI says according to them, it is 2 days grace period, after due date. If you pay even in grace period, they will charge the finanical charges for you, and if you call and say it – oh ya u paid on grace period itself, so we are reversing the charges, and they reversed it (as it was 1st time of the year).
But as said in above para, my next 2 months too will get finance charges if not paid on statement date – as in previous month, my acc was marked as late paid (actually didn’t late pay, used grace period – which is typically not late period and my acc not supposed to be marked for next 2 months as well).

5 Comments  |  
6 Dimers
Roger federer photos 9 150x150
Deal Subedar
111
1666
47

statement date is bill generation date ?

Bal ganesh
Deal Lieutenant
94
4002
53

Its a lesson learnt!
Pay on time, borrow money from friend/nbr/relative…. but pay on time!
Pursue it over emails.
You may write an email to RBI and copy mark to SBIcards citing the absurd policy, you may get charges reversed.

Missing
Deal Cadet
5
139
3

i always pay my bill before due date but not saw any charges

Missing