We are pleased to inform you that the interest rate on Credit Cards has been reduced to 24% per annum (2% per month).

Further to our recent communication via statement messages, we give below details of revisions to the Cardmember Guide to Services and Fees which will become effective from 15 December 2010.
Maximum Credit Period on New Purchases; 50 days
Interest Calculation Method The date listed under "Post Date"  on the Card statement would be   considered for the commencement for interest calculation
Late Payment Fee Rs 750
Over Limit Fee Rs 750


Due to the revision in the Maximum Credit Period on New Purchases the Credit Card Statement Cycles have been changed accordingly. Please refer table for revised dates.
Previous Statement Cycle 3rd
New Statement Cycle 8th
Previous Statement Cycle 1st
New Statement Cycle 06th
Previous Statement Cycle 15th
New Statement Cycle 20th
Previous Statement Cycle 5th
New Statement Cycle 10th
Previous Statement Cycle 20th
New Statement Cycle 25th
Previous Statement Cycle 10th
New Statement Cycle 15th
Previous Statement Cycle 1st
New Statement Cycle 1st