Axis Bank Credit Card interest calculation
If you have defaulted paying your AXIS Bank Credit Card bill, then following rules will be applied to calculate the interest for the defaulted amount in the next month bill: NO late payment fee charged if you have paid the minimum amount due 1) From transaction date to statement date (on transaction amount) 2) From Statement date till payment date (on outstanding balance) 3) From Payment date till next statement date (on balance amount) 4) From transaction date till the next statement date (fresh transaction) For example: A customer Mr. A had done a transaction on January 17, 2008 […]
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