Several Indian banks, including Bank of Baroda, Yes Bank, IDFC First Bank, and HDFC Bank, have announced changes to their credit card terms. Bank of Baroda will increase interest rates and overlimit fees effective June 23rd. Late payment charges will also rise. Yes Bank will adjust fuel fees, annual fee waivers, and may introduce utility transaction fees. IDFC First Bank will levy a surcharge on utility bill payments exceeding Rs. 20,000. HDFC Bank’s Swiggy credit card will now reflect cashback directly on statements. These updates emphasize the importance of staying informed about credit card terms to avoid unexpected charges.
Major Indian Banks Update Credit Card Terms
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/05/29090931/1710223554-0545-ezgif.com-avif-to-jpg-converter-1.jpg)