The billing cycle starts from the 1st day of the month and ends on the last of the same month, all card transactions during the month are consolidated and are billed on the 1st day of the next month.
For example - For the month of July ‘21, this is how the billing cycle would work:
- Transactions between 1st July and 31st July will be billed together
- The bill for July cycle will be generated on 1st August
- You will have to choose the payment plan for your bill by 5th August. You can choose any of the following options:
a. Pay your bill in full - Zero Charges and Enjoy rewards benefits
b. slice your bills up to 3 months - Zero Charges
c. slice your bills into Instalments of 6 -18 months- Interest will be charged. The amount will be shown at the time of slicing.