Credit Card Tariff

Fee type Standard Gold Titanium Platinum World
Rs. Rs. Rs. Rs. Rs.
Annual fee – primary Free Free Free Free Free
Annual fee – supplementary Free Free Free Free Free
Joining fee – primary 1,250 1,750 2,250 2,750 3,500
Joining fee – supplementary 500 1,000 1,250 1,750 2,000
Replacement card 500 500 500 500 1,000
VIP updating fee 500 500 500 500 1,000
Additional statement request 100 100 100 100 100
Limit enhancement fee (permanent) 200 200 200 200 1,000
ATM cash advance fee Rs.250 minimum or 3.5% of cash withdrawal amount Rs.250 minimum or 3.5% of cash withdrawal amount Rs.250 minimum or 3.5% of cash withdrawal amount Rs.250 minimum or 3.5% of cash withdrawal amount Rs.250 minimum or 3.5% of cash withdrawal amount
ATM cash withdrawal (overseas) 500 500 500 500 500
Cheque return fee/auto debit failure charges 1,000 1,000 1,000 1,000 1,000
Interest 31.80% 31.80% 31.80% 30.00% 28.00%
Stamp duty (international transactions) 25 25 25 25 25
Late payment fee 900 900 900 900 900
Over limit fee 990 990 990 990 990
EMI Foreclosure fee 4% 4% 4% 4% 4%
PIN replacement fee 100 100 100 100 100
Charge slip retrieval request fee 200 200 200 200 200

Note : All the fees, charges and rates are subject to change

 

Credit Card Interest Calculation Policy

Example on Interest Calculation

Statement Period: 01st Jan 2019 to 31st Jan 2019

Transaction Date Description Transaction amount (Rs.) Balance (Rs.)
01.01.2019 Opening Balance 0.00
15.01.2019 Purchase 10,000 10,000
29.01.2019 Cash Advance 15,000 25,000
31.01.2019 Closing Balance 25,000

 

Statement Period: 01st Feb 2019 to 28th Feb 2019

Payment due date: 25th Feb 2019      Minimum payment: Rs. 1,250

Transaction Date Description Transaction amount (Rs.) Balance (Rs.)
01.02.2019 Opening Balance 25,000
20.02.2019 Purchase 1,000 26,000
21.02.2019 Payment 5,000 21,000
28.02.2019 Interest 654.33 21,654.33
28.02.2019 Closing Balance 21,654.33

Interest calculation

Date Range Amount Rate Number of Days Interest amount (Rs.)
15.01.2019 – 20.02.2019 10,000 28% 36 276.16
21.02.2019 – 28.02.2019 5,000 28% 7 26.84
29.01.2019 – 28.02.2019 15,000 28% 30 345.20
20.02.2019 – 28.02.2019 1,000 28% 8 6.13

 

Interest Calculation

No interest will be levied (except for cash advances) if Full Payment is made on or before the due date. You will enjoy up to 55 days Free of Interest (Depending on the transaction date), provided the previous month total outstanding is paid by the due date in full.

If full payment is not made on or before the due date, interest will be charged from respective transaction dates to the Billing date.

Interest and Finance charges will be charged if full payment is made after the due date.

If only part payment is made by the payment due date or no payment is made or payment is made, but after the payment due date, interest will be applied to the previous statement balance including new purchases (in the current statement) until the entire amount is fully settled.

Cash advance is subject to a cash advance fee, Cash advances will accrue interest from the date of the transaction until it is paid in full.

Following are the interest rates:

  • Standard, Gold, Titanium: 2.65% p.m
  • Platinum: 2.50% p.m.
  • World: 2.33% p.m.
  •  

    Late payments

    Example on late payment calculation

    If the Payment is not received by the payment due date or minimum amount due is not paid, a late payment fee will be charged.

    Statement Period: 01st Jan 2019 to 31st Jan 2019

    Transaction Date Description Transaction amount (Rs.) Balance (Rs.)
    01.01.2019 Opening Balance 0.00
    15.01.2019 Purchase 10,000 10,000
    29.01.2019 Cash Advance 15,000 25,000
    31.01.2019 Closing Balance 25,000

     

    Statement Period: 01st Feb 2019 to 28th Feb 2019

    Payment due date: 25th Feb 2019      Minimum payment: Rs. 1,250

    Transaction Date Description Transaction amount (Rs.) Balance (Rs.)
    01.02.2019 Opening Balance 25,000
    20.02.2019 Purchase 1,000 26,000
    28.02.2019 Interest 688.86 26,688.86
    28.02.2019 Late payment 900 27,588.86
    28.02.2019 Closing balance 27,588.86

     

    Interest calculation

    Date Range Amount (Rs.) Rate Number of Days Interest amount (Rs.)
    15.01.2019 – 20.02.2019 10,000 28% 44 337.53
    29.01.2019 – 28.02.2019 15,000 28% 30 345.20
    20.02.2019 – 28.02.2019 1,000 28% 8 6.13

    Overlimit Fee

    If customer exceeds the approved credit limit at any given date of the particular billing cycle and over limit fee will be charged.

     

    Minimum Payment Calculation

    Minimum due of current term = 5% of the outstanding + Unpaid min due of previous term (if any) + Overlimit amount (if any) + EMI instalment (if any)

     

    EMI Processing Fee

    EMI Tenure Processing fee
    3 3%
    6 5%
    12 10%
    24 17%

    *Terms and conditions apply