Late Payment of few minutes | SBM Bank

[talk2rik]

I had missed the payment due date of the SBM Bank OneCard Credit Card but had done the full payment within 5-7 minutes. Will that have any impact on CIBIL Report or any other credit bureau reports?

Is it true that banks generally inform the bureaus only when the late payment is of more than 30 days?

 

[abhimarda]

3 days Grace period is given as per RBI guidelines for such reporting. Though some banks charge late payment fees for this period also.