Grace Period

MedPage Today  Sep 30  Comment 
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The Hindu Business Line  Jul 31  Comment 
The Motor Vehicles Department in Kerala has granted a ‘grace period’ of two weeks to two-wheeler riders in three select cities ahead of enforcing the proposed ‘no helmet, no petrol’ rule.The departmen...
Bulk Transporter  Jun 28  Comment 
There will be no grace period for the International Maritime Organization’s (IMO’s) container weighing regulations that take effect July 1, according to International Cargo Handling Coordination Association (ICHCA) officials. The possibility...
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The Hindu Business Line  Jan 12  Comment 
The concession has outlived its basic purpose, says retirement fund body
The Times of India  Jan 8  Comment 
The employers covered under EPFO are supposed to send their contribution towards the employees’ provident fund by the 15th of every month. However, at the same time, they were also allowed a five day grace period, till the 20th of the month.


Grace Period refers to the period of time after a statement date when the outstanding balance on a credit card must be cleared to avoid incurring a finance charge. For most credit cards, the grace period is between 20 and 30 days, although card holders that carry an outstanding balance forward are usually given no grace period. In addition, there is generally no grace period given for balance transfers and cash advances.

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