Some credit card holders are confused about interest for late payment as they received text notification from their banks for repayment in the first week of this month after the announcement of late fee waiver until June due to the coronavirus outbreak. According to bdnews24.com, some customers said they received notification that they will not need to pay any late fees, but they are confused about the interest. They said the central bank waiver will not come in handy if they need to pay in time to avoid being charged for interest. But it will be a problem if I need to pay interest. The interests of a month will add up to the credit and interest will be charged on the whole amount from the next month,” the bank officials said.

Source: bd News24 April 14, 2020 11:37 UTC