When is a credit card bill generated?

A credit card bill is generated on the statement closing date, which marks the end of your monthly billing cycle. This cycle typically lasts 28 to 31 days. On this date, the bank tallies all transactions, fees, and interest to determine your total outstanding balance. According to RBI guidelines, issuers must ensure that the statement is dispatched promptly. Key details included are:

• Statement closing date: The day the bill is generated.
• Payment due date: Usually 21 to 25 days after the bill generation.
• Minimum amount due and total outstanding balance.