VERIFIEDMint Money·19 Aug 2026neutral

X user claims HDFC Bank charged over ₹1,200 for a 46-paise credit-card shortfall; know what RBI rules say

AI Summary

·A user on X alleged HDFC Bank charged over ₹1,200 for a 46-paise credit-card shortfall.
·The incident has prompted scrutiny of bank interest and late-payment charge calculations.
·The Reserve Bank of India (RBI) has regulations concerning unpaid balances, interest-free periods, and late fees.