Credit Card Emi question(Idfc)

[Saiv]

My cousin bought a mobile using my Idfc card on emi. In my 4 years of credit history i never opted for a emi, so i have a strange experience & my credit score is at stake!.

There’s a ₹0.02 paise difference b/w total outstanding & sum of all instalments.

So you guys can simply say: just pay the damm ₹0.02 extra & forget about it, but that’s not the point, why banks mislead customers, 90% people won’t check that minute disparity & eventually end up facing low credit scores & may end up paying hefty interest rates. We all know & seen many cases where banks reporting ₹0.01 dues to credit bureaus!. That’s why it’s concerning me to see these shady tactics by banks.

Again iterating I never had an emi before & never will be, this’s my 1st encounter so i ain’t know anything how often these things happen or mine was unique case!

 

[Vasuki]

My cousin bought a mobile using my Idfc card on emi. In my 4 years of credit history i never opted for a emi, so i have a strange experience & my credit score is at stake!.

There’s a ₹0.02 paise difference b/w total outstanding & sum of all instalments.

Total outstanding amount is actual cost + interest is ₹0.02 higher than the sum of all the instalments i’ve to pay.
I decided not to use the card
further till i clear the emi to alienate any confusion & also the fact idfc cards are useless at least select card.

My Question is: if i pay accordingly shown instalment rate, i’ll will miss that ₹0.02 & so bank will report to credit bureaus as missed payments & levy heavy interests on un billed amounts if there’s any!.

So you guys can simply say: just pay the damm ₹0.02 extra & forget about it, but that’s not the point, why banks mislead customers, 90% people won’t check that minute disparity & eventually end up facing low credit scores & may end up paying hefty interest rates. We all know & seen many cases where banks reporting ₹0.01 dues to credit bureaus!. That’s why it’s concerning me to see these shady tactics by banks.

Again iterating I never had an emi before & never will be, this’s my 1st encounter so i ain’t know anything how often these things happen or mine was unique case!

Pay 10 rupees extra what's the deal about it

 

[Aniket]

Pay 10 rupees extra what's the deal about it

Here you go:

but that’s not the point, why banks mislead customers, 90% people won’t check that minute disparity & eventually end up facing low credit scores & may end up paying hefty interest rates. We all know & seen many cases where banks reporting ₹0.01 dues to credit bureaus!. That’s why it’s concerning me to see these shady tactics by banks.

 

[Vasuki]

Here you go:

There is nothing to go
When u take loan & u have emi
It's your duty to check papers of repayment

Can't blame all other people carelessness to bank
This forum is about reading between the lines & getting benifits out of it .we read mcc codes 😅 even 99% bank employee doesn't have any idea .

& When u point out discrepancy in papers by bank u can always get compensated by bank through rbi ombudsman