How is the 45-days interest-free period calculated?
It is the time between the transaction date and the payment due-date, up to 45–52 days depending on when you swipe. If your billing date is 5th and due-date 25th, a purchase on 6th gets 50 days free credit; a purchase on 4th gets only 21 days. Pay full bill to keep it free.
Hii there, when I first looked at my credit card statement and found the term interest-free period, I wasn’t sure what it meant—now it’s one of the most useful perks I use.
What is the Interest-Free Period in India?
The interest-free period (also called a grace period) is the time between making a purchase on your credit card and the payment due date, during which you won’t be charged interest—provided you pay your full outstanding balance by the due date.
For many Indian credit cards, this can be up to about 45–50 days, depending on when your billing cycle ends and the due date falls. For example, a transaction made early in the billing cycle may enjoy a longer interest-free stretch, while one made late enjoys a shorter one.
Why It Matters?
If you pay your full card balance by the due date, you effectively get short-term “free credit”, as you avoid paying interest. If you carry over any outstanding amount, you typically lose this benefit and interest may get charged from the purchase date.
Official Link:
Here’s a reliable source that explains this clearly on a bank’s website: