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axis bank interest debit charges and gst reversel

  • Thread starter Thread starter vikirai
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vikirai

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my axis bank ace card total bill was around 96000 but i paid only 95000 and now axis bank imposed rs. 4800 debit interest and rs. 861 gst on new bill please help how to get reversel for that
 
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vikirai said:
my axis bank ace card total bill was around 96000 but i paid only 95000 and now axis bank imposed rs. 4800 debit interest and rs. 861 gst on new bill please help how to get reversel for that
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raise a complaint
they can only charge interest and gst on amount due not on whole oustanding amount
take this up with rbi ombudsman
because minimum amount due is already paid so the 1000 rs outstanding even if converted to emi shouldnt cost this much
 
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xywowowvw said:
raise a complaint
they can only charge interest and gst on amount due not on whole oustanding amount
take this up with rbi ombudsman
because minimum amount due is already paid so the 1000 rs outstanding even if converted to emi shouldnt cost this much
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RBI already Impsosd Penalty in Cores on Axis Bank for charging incorrect Charges.

I do not think Axis still repeat the same mistakes even after RBI Imposed Penalty.

OP did not shared when he paid 95k

Before Due Date how much Amount is paid and after due date but before Grace period end ,How much Amount is paid.
 
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VISHESH_BANSAL said:
RBI already Impsosd Penalty in Cores on Axis Bank for charging incorrect Charges.

I do not think Axis still repeat the same mistakes even after RBI Imposed Penalty.

OP did not shared when he paid 95k

Before Due Date how much Amount is paid and after due date but before Grace period end ,How much Amount is paid.
Click to expand...
I was paid rs.95000 on due date and rest amount paid after 5 days when I remember the bill was 96000
 
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AlphaCAT said:
Due date was 06 March , was charged Rs 163+GST for just Rs 545 amount for just 09 days .

Bill TAD was Rs 2545 . 2k was paid as soon as bill was generated . Due to some confusion, had idea that I have paid total bill .
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v. Card-issuers shall report a credit card account as 'past due' to credit information companies (CICs) or levy penal charges, viz. late payment charges and other related charges, if any, only when a credit card account remains 'past due' for more than three days. The number of 'days past due' and late payment charges shall, however, be computed from the payment due date mentioned in the credit card statement, as specified under the regulatory instructions on 'Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances' amended from time to time. Late payment charges and other related charges shall be levied, only on the outstanding amount after the due date, and not on the total amount due.

vi. Interest shall be levied only on the outstanding amount, adjusted for payments/refunds/reversed transactions.
 

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