What is the grace period for credit?

The grace or interest-free period is the time during which The bank does not charge interest on spending made with a credit card. The interest-free period begins with the first cashless debit transaction of the month.

Interest will be charged for:

— cash withdrawals from a credit card or account

— transfers

— quasi-cash transactions

— payments via Faster Payments System (SBP)

List of organizations for transfers to which interest will be charged on the credit card