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No fine on credit cards till June: Bangladesh Bank

Published : Saturday, 4 April, 2020 at 6:00 PM  Count : 245

No fine on credit cards till June: Bangladesh Bank

No fine on credit cards till June: Bangladesh Bank

Bangladesh Bank (BB) has instructed all banks to waive the penalty for credit card users on any late payment from March 15 to May 31 due to the spread of coronavirus across the country.

The central bank issued a circular in this regard on Saturday noon.





"Many clients are not able to pay their credit card bills in time for various circumstances. Considering the financial capability and ongoing other situations, the central banks has decided to waive penalty on credit card dues," the circular said.   

If any bank has already received the late fee or charge or penalty interest or additional profit or any other fee since March 15, the bank will have to return the charge or adjust with the next bill, it added.

GY

Related Topics

credit card   Bangladesh Bank  




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