Infinia ATM Withdrawal fees

[smakmagik]

Weirdly cant find this information anywhere but does Infinia charge fees if you withdraw cash at an ATM?

 

[Zacobite]

RBI made BBPS mandatory for "backend cc bill payment processing", frontend can be anything incl imps/upi/debit card/net banking. Banks like Standard Chartered & amex are not yet on BBPS so their card system can accept payment via any method like earlier. Cred I am guessing only allows you to pay in advance for current outstanding but I am pretty sure it won't let you pay enough to make a cc outstanding negative & if it does then it is in violation of rbi rules & will have to stop it sooner or later.

i got a refund from sbi for excess payment 🦹 on their own.. every bank doing their own thing

 

[guest_123]

i got a refund from sbi for excess payment 🦹 on their own.. every bank doing their own thing

Actually that is as per new rbi rules which says credit cards shouldn't be used as prepaid cards & any excess amt need to be refunded after a certain time period.

Nope. If you have HDFC Account and link your infinia, you can pay any amount using direct cc payment option via net banking.

Try making your hdfc cc outstanding negative then & see if it works.

 

[Zacobite]

Actually that is as per new rbi rules which says credit cards shouldn't be used as prepaid cards & any excess amt need to be refunded after a certain time period.


Try making your hdfc cc outstanding negative then & see if it works.

yes.. it was just paid for a transaction.. not as a prepaid.. but i know what u r saying

 

[shashankrt]

Actually that is as per new rbi rules which says credit cards shouldn't be used as prepaid cards & any excess amt need to be refunded after a certain time period.


Try making your hdfc cc outstanding negative then & see if it works.

Will try this month after statement is generated.

 

[Harry1]

In case of axis magnus, even though I paid 3-4 days in advance before withdrawal and kept -ve outstanding throughout, I was charged 1 day interest and gst (about 0.1% of Transaction amount) unlike HDFC Infinia. It's much, but if you have both, u should go with Infinia.