PNB may levy a penalty fee if the payment is not made by the due date. The fee amount depends on the outstanding balance and PNB’s fee structure. Unpaid dues attract high-interest rates (APR), which keep accumulating daily until the payment is made. Interest may also be charged on new transactions if the previous balance is not cleared in full. Missing payments can negatively affect your CIBIL score, making it harder to get loans or credit in the future. If you miss a payment, future transactions may not have the usual interest-free period, and interest starts accruing from the transaction date. Continuous non-payment may lead to reminders, collection calls, or legal action from the bank. PNB may temporarily block the credit card or reduce the credit limit if payments are missed multiple times.
- Late Payment Fee: Depending on the amount owed, a penalty charge is applied.
- Interest Charges – The outstanding balance is subject to high-interest rates (up to 3-4% each month).
- Missed payments can decrease your credit score, which might impact future loan and credit approvals. This has a negative impact on your CIBIL score.
- Loss of Interest-Free Period – New transactions will accrue interest from day one if the entire amount owed is not paid.
- Possible Credit Limit Reduction: If you miss payments frequently, the bank may reduce your credit limit.
- Legal Action (for Repeated Defaults) - The bank may start legal proceedings if payments are unpaid for a long time.
If you miss a payment on your PNB credit card, they’ll charge a late payment fee based on your outstanding amount. On top of that, interest starts piling up daily at a high rate until you pay it off. If you don’t clear the full bill, even new purchases won’t get the usual interest-free period, so you’ll be paying interest from day one.
It also affects your CIBIL score, which can hurt your chances of getting loans or credit later. If you keep missing payments, your card might get blocked or the credit limit could be reduced. You’ll also start getting reminder calls and emails, and in extreme cases, it could lead to legal follow-ups.
So it’s best to pay at least the minimum due before the deadline to avoid all that.
I dont have a fear of losing my CIBIL score actually it alredy in negative but i want to know that can I go to jail if i dont pay my credit card like like its after all “PUNJAB” nation bank they must have 6ft tall recovery agent and general saheb you will not be there to save me..
Yes you can go to jail or be treated like vijay malla, because its a criminal offense as per indian laws if I’m not wrong its Negotiable instruments ACT which defines this type of punishment.
and trust me only PNB doenst have those 6ft bodybuilders, if you want try with SBI as they are good at this not asking back money
