Finance charges on my card

[Utkarsh]

I have made payment of my ICICI credit card but some small amount was not paid by mistake and still I've been charged with 10k interest on my card, i.e. on complete due amount , is there any way to get the refund of these charges?

 

[romilq]

You can request ICICI by mail and keep escalating. If you have a long good history and relationship with the bank then they may consider it. Usually they don't do it since the charges are legit.

 

[dhiraz]

I have made payment of my ICICI credit card but some small amount was not paid by mistake and still I've been charged with 10k interest on my card, i.e. on complete due amount , is there any way to get the refund of these charges?

10k charges as interest how much amount you forget to pay?
When your statement generated?

 

[SamPtnk]

I have made payment of my ICICI credit card but some small amount was not paid by mistake and still I've been charged with 10k interest on my card, i.e. on complete due amount , is there any way to get the refund of these charges?

https://rbidocs.rbi.org.in/rdocs/notification/PDFs/92MDCREDITDEBITCARDC423AFFB5E7945149C95CDD2F71E9158.PDF

9 b V check this

Penal interest, 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.

 

[live.himanshu]

Same here. By mistake, a small amount wasn’t paid. And still I have been charged 15k as Interest + GST on complete due amount. Is there a way to get it reversed ?

 

[rajcasio]

I have made payment of my ICICI credit card but some small amount was not paid by mistake and still I've been charged with 10k interest on my card, i.e. on complete due amount , is there any way to get the refund of these charges?

Same here. By mistake, a small amount wasn’t paid. And still I have been charged 15k as Interest + GST on complete due amount. Is there a way to get it reversed ?

SMALL AMOUNT??? HOW MUCH? 😛

 

[Deleted member 11974]

Same here. By mistake, a small amount wasn’t paid. And still I have been charged 15k as Interest + GST on complete due amount. Is there a way to get it reversed ?

I have made payment of my ICICI credit card but some small amount was not paid by mistake and still I've been charged with 10k interest on my card, i.e. on complete due amount , is there any way to get the refund of these charges?

escalate this to nodal desk saying there is a violation of rbi guidelines or best go to rbi ombudsman

 

[live.himanshu]

SMALL AMOUNT??? HOW MUCH? 😛

Rs8000/-. Now 8k + additional 15k 😢

 

[live.himanshu]

escalate this to nodal desk saying there is a violation of rbi guidelines or best go to rbi ombudsman

Is this the guideline you are referring, mentioned above (9;b;v) or is there any other guideline ?

 

[Deleted member 11974]

yes that guideline
quote it to nodal desk first then
to rbi

 

[live.himanshu]

ICICI has finally reversed the 15k charge (at Complaint Level 2).

Had raised three points.

1. Referred the RBI guideline.
2. Mistake in interest Calculation sheet (for one of the transaction, bank calculated interest of 9k against Rs740).
3. Was out of town for medical reason.

Not sure which reason they considered. But it is reversed now.

 

[Slayer]

ICICI also doing bodmashi nowadasy

 

[SUBARNA Mahato]

Total outstanding ammount for MARCH '25 in HDFC millennia CC: 30065
Due date: 8 th April 2025
Within due date i paid 30013
(30065-30013)= 52 was remaining due ammount.
Just for 52 rupees HDFC imposed (700 finance+126gst)= 826 as a finance charges..
Even i tried to pay 52 rupees on 8th April but 3rd party app like cred didn't allow me to pay 52 small ammount ( min ammount to pay 100)

 

[Anshit]

Total outstanding ammount for MARCH '25 in HDFC millennia CC: 30065
Due date: 8 th April 2025
Within due date i paid 30013
(30065-30013)= 52 was remaining due ammount.
Just for 52 rupees HDFC imposed (700 finance+126gst)= 826 as a finance charges..
Even i tried to pay 52 rupees on 8th April but 3rd party app like cred didn't allow me to pay 52 small ammount ( min ammount to pay 100)

How did you miss the 52? Reach out to HDFC, if you have a good payment history they may reverse the charges but do not expect anything at level 1 support, just write to them as a formality and when you get the template reply escalate it to Level 2 and so on...

 

[SUBARNA Mahato]

Actually i didn't forget to pay 52. On due date 8th April, i tried to pay remaining 52 rupees from cred but cred didn't allow me to pay just 52 rupees( as cred allows minimum 100 ammount to pay).. even i try to pay 100 but HDFC doesn't allow more than generated out standing ammount .

 

[Anshit]

Actually i didn't forget to pay 52. On due date 8th April, i tried to pay remaining 52 rupees from cred but cred didn't allow me to pay just 52 rupees( as cred allows minimum 100 ammount to pay).. even i try to pay 100 but HDFC doesn't allow more than generated out standing ammount .

I was just wondering why did you leave out 52 while you paid 30013, bank's will not leave an opportunity to make more money 😐

 

[SUBARNA Mahato]

I thought it was under 100 , so hdfc doesn't take charge for under 100 ammount. That's why i left out 52

 

[akshayhs]

I thought it was under 100 , so hdfc doesn't take charge for under 100 ammount. That's why i left out 52

You sir, surely live a dangerous life!

 

[6ix9ine]

I thought it was under 100 , so hdfc doesn't take charge for under 100 ammount. That's why i left out 52

No words honestly, this is not house corner shop brother where you could slid things easily.

 

[Anshit]

You sir, surely live a dangerous life!

Khatron ke Khiladi 🤪