Then Finance charges will be levied on the closing balance till the payment date if the Cardholder makes partial or no payment of Total amount due(TAD) before Payment due date (PDD); i.e. the Customer has outstanding balance from previous months and in the current month, full payment of Total amount due is made before Payment due date.

Assuming no past stability carried ahead through the second December 2015 declaration, the cardholder are certain to get their second Jan declaration showing Rs. 1100 transactions, Total amound due of Rs. 1100. The cardholder has to make re re re payment contrary to the outstanding by 22nd Jan 2016, in other words. 20 times reference through the Statement Date, for such a thing between your amount that is entire minimal Amount Due.

Assuming the cardholder makes partial re payment of of Rs. 500, on 22nd Jan 2016, finance fees will be levied at the rate that is effective put into the sum total outstanding. Thinking about the effective price of 3.35% p.m., finance cost calculation may be done the following .On the total amount of Rs. 500 (fifteenth Dec to 22nd Jan) for 39 times: (3.35 12) (39/365) 500/100 = Rs. 21.48

In the stability of Rs. 600 (twentieth Dec to 22nd Jan) for 34 times: (3.35 12) (34/365) 600/100 = Rs. 22.47

In the stability of Rs 600 (22nd Jan to 2nd Feb) for 10 times (3.35 12) (10/365) 600/100 = Rs. 6.61 presuming past stability of Rs. 650.46 carried ahead through the 2nd Feb 2016 declaration, the cardholder has to make re re payment from the outstanding by 22nd Feb 2016, in other words. 20 days through the Statement Date, for such a thing amongst the amount that is entire minimal Amount Due.

## Presuming Cardholder makes complete re re payment by fifteenth Feb for example. within payment date that is due. Taking into consideration the rate that is effective of% p.m., finance cost calculation are going to be done the following:

Amount of Outstanding purchase quantity, Interest fees, costs and costs, if any, and all sorts of relevant fees would mirror because the Total quantity due into the statement dated second March. Read more