How many days does AU Small Finance Bank allow after the due date before charging a late fee? Does the grace period vary based on the type of credit card? Is interest still charged during the grace period, or is it completely free? What happens if the bill is not paid within the grace period? Are there any special cases where the grace period might be extended? Does the grace period apply to all transactions or only specific ones (like retail purchases vs. cash withdrawals)?
In order to prevent interest charges, AU Small Finance Bank offers a grace period on its credit cards that lasts between 18 and 48 days. Customers must pay the minimum debt by the due date indicated on their billing statement in order to avoid late fees and interest charges. Failure to do so may result in additional charges.
AU Bank
I once delayed a credit card payment by just a day (by mistake), and I learned the hard way how strict banks can be.
Even if it’s a small slip, the late-payment fee gets triggered as soon as you miss the due date. My lesson: be very clear on your “grace period” (if any) and always try to pay by the due date.
For AU Small Finance Bank (AU SFB) credit cards, here’s what I found:
In the Schedule of Charges / Terms & Conditions (MITC), AU states that the interest-free (grace) period can range from 18 days to 48 days, depending on which credit card scheme you hold.
However, that grace period does not apply if you carry a previous balance (i.e. you didn’t pay your last month’s total due in full) or if you use the card for cash withdrawal / cash advance.
Also, AU mentions that late payment charges become applicable if you fail to pay at least the minimum amount due by the payment due date.
So, in short: there is no extra “buffer period after the due date” beyond what’s specified in your card’s terms. Once the due date passes and you haven’t paid the minimum, you’re liable for late payment charges.
To Be Safe: What You Should Do
1. Check your card’s schedule of charges / terms & conditions (the MITC or similar document) to see exactly which scheme you have and what its grace period is.
2. Always pay at least the minimum due by the due date to avoid late fees & damage to your credit record.
3. If you pay your full balance every month, the grace period (18–48 days, depending on the card) lets you avoid interest on new purchases.
4. Avoid carrying forward any outstanding balance, because that typically voids the grace period for your next cycle.
If you like, I can look up the exact grace period for your specific AU credit card (say Altura, Zenith, etc.) so you know exactly how much buffer you have. Do you want me to do that?
Here’s the AU Bank official document (MITC) which details their interest-free and late payment rules: