Does refund count as bill payment for all Indian credit card issuer bank?

[Itsankurdas]

I had a Credit card from HDFC bank. I had limit of rs250000.
Out of which I used only rs30K to buy an item from commerce. But later I return the order. But My statement was already generated before the refund get issued. So, I received the refund of Rs30000 7 days after statement generation. So, I have a query. Will bank consider that refund as bill payment or I have to pay them, as bill of rs30k was already generated?. Do I have to pay bank rs30K before due date.

If I pay Minimum due amount ra1.5K instead of total due 30K(as I already received the refund of rs30k).will bank charge me later in future?

I am asking for all Indian bank card issuer. Particularly HDFC Bank

 

[Alex292929]

Refund considered as payment?

I would like to know that all the banks do considers refund as payment or not since I have been charged with the late payment fee on my SBI credit card but as per RBI guidelines, it should be considered as payment and should be adjusted with the last statement.

www.technofino.in

Please refer to this

 

[Lordkk]

Look here

Do Banks Consider Refund After Bill Generation as Payment?

Two days before the bill generation, I made an EMI payment, but the bill was generated for the full amount. After four days of bill generation, the transaction was converted into EMI, and I received a refund as part of the EMI conversion. Do I need to make the full payment or only the remaining...

www.technofino.in

@ashwink

 

[Vasuki]

I had a Credit card from HDFC bank. I had limit of rs250000.
Out of which I used only rs30K to buy an item from commerce. But later I return the order. But My statement was already generated before the refund get issued. So, I received the refund of Rs30000 7 days after statement generation. So, I have a query. Will bank consider that refund as bill payment or I have to pay them, as bill of rs30k was already generated?. Do I have to pay bank rs30K before due date.

If I pay Minimum due amount ra1.5K instead of total due 30K(as I already received the refund of rs30k).will bank charge me later in future?

I am asking for all Indian bank card issuer. Particularly HDFC Bank

Short answer is no .
& Partly yes depends when was refund credited back

 

[Alex292929]

Short answer is no .
& Partly yes depends when was refund credited back

Yep looks like it has no specific answer. We should pay the bill to be on the safe side

 

[Vasuki]

Yep looks like it has no specific answer. We should pay the bill to be on the safe side

If u got credited before bill due then it's no problem

If u got after bill generated ..
Now is bank to bank policy.
Some accept it as payment some don't

Keeping in mind it's one odd month thing
U can request for excess amount in bank.

 

[Itsankurdas]

If u got credited before bill due then it's no problem

If u got after bill generated ..
Now is bank to bank policy.
Some accept it as payment some don't

Keeping in mind it's one odd month thing
U can request for excess amount in bank.

What about hdfc bank credit cards?

 

[Himanshuch]

Hi all, if a refund is received on hdfc credit card after statement generation can I just pay the balance amount after subtracting refund amount? ICICI and Citibank use to allow this, but not sure if HDFC follows this practise. Kindly help.

 

[metal_heart]

Yes, been doing this for a while now. Once I get cash-back/ refund , I just pay the remaining

 

[Himanshuch]

Yes, been doing this for a while now. Once I get cash-back/ refund , I just pay the remaining

Thanks. I paid the remaining amount (total minus refund received) but the mycards app still shows the refund amount as pending payment amount. This is my first instance of such scenario with hdfc bank. Icici and citi use to adjust it online as well.

 

[Wealth is my birth right!]

I had a Credit card from HDFC bank. I had limit of rs250000.
Out of which I used only rs30K to buy an item from commerce. But later I return the order. But My statement was already generated before the refund get issued. So, I received the refund of Rs30000 7 days after statement generation. So, I have a query. Will bank consider that refund as bill payment or I have to pay them, as bill of rs30k was already generated?. Do I have to pay bank rs30K before due date.

If I pay Minimum due amount ra1.5K instead of total due 30K(as I already received the refund of rs30k).will bank charge me later in future?

I am asking for all Indian bank card issuer. Particularly HDFC Bank

Answer is yes and no
Dont risk much by relying on refund
Pay bill in full better

 

[Deepak_Shetty]

Thanks. I paid the remaining amount (total minus refund received) but the mycards app still shows the refund amount as pending payment amount. This is my first instance of such scenario with hdfc bank. Icici and citi use to adjust it online as well.

If you have time, do complete payment now. Later you can ask excess amount through DD. If you pay via HDFC debit card then they will refund to your HDFC account.