Bank Saderat Iran waives late payment penalties from the systems outage period and refunds credit card charges

Bank Saderat Iran said on Saturday, 1 August 2026 (10 Mordad 1405), that with all of its systems back in service it has cancelled late payment penalties relating to the period when those systems were unstable.

According to the bank's public relations office, penalties charged to credit card holders whose repayment deadlines fell in the one month window from 23 Khordad to 23 Tir 1405 (13 June to 14 July 2026) have been refunded automatically to customer accounts. Late payment penalties were also removed systemically for borrowers with loans and interest free qarz al hasaneh facilities maturing in under two months who paid their instalments by the end of Tir 1405 (22 July 2026).

The bank listed a three month remote extension of Sepehr card expiry dates, faster loan processing and updated remote services on its Sepino neobank platform among its other remedial measures for the period. Bank Melli Iran had previously announced a similar package waiving late payment penalties.