Worried about paying credit card late fees? The RBI’s new guidelines in 2025 bring major relief.
Under these rules, banks can still charge late fees, but they will be limited, proportional, and transparent.
Cardholders now get a grace period of at least three days after the due date to make payments without being penalized.
The fees will also match the outstanding balance, preventing excessive or unfair charges.
Clearer Fees and Better Transparency
Banks must now notify customers before applying late fees, and any changes in fees have to be communicated one month in advance.
Additionally, two-factor authentication is mandatory for online transactions, enhancing security.
These rules aim to protect credit card users from unnecessary penalties while promoting responsible payment habits.
How Customers Can Avoid Late Fees
To make the most of these changes:
Review your credit card bills regularly.
Pay at least the minimum due on time.
Set up automatic payments to avoid missing due dates.
Following these steps helps you avoid late fees, improve your credit score, and manage expenses more effectively.
Benefits for Users
The RBI’s new rules make credit card usage safer, more transparent, and less expensive.
Cardholders can now handle payments more confidently, avoid unnecessary fees, and manage their finances efficiently.
