SBI Card Charged Finance charges (even total outstanding was credited)

[cc_dc_explorer]

Hi Community,

I had a SBI card bill of approx 42k generated.

After 4 day of the bill generation a refund credit of 2100 was done from Flipkart. So I paid the remaining amount which was 40k finally. The total credit for the whole statement period became 42,100 RS. So the bill was fully paid. But SBI Cards charged me 1500 RS as finance charges saying only 40k bill was paid.

What should I do, this is complete malpractice. I do the same on other cards when there is refund I only pay remaining amount after deduction of credits and they do not charge anything.

Please tag people who can help here.


UPDATE:
I raised this issue with nodal team of SBI and they reversed the charges.

However they asked me to pay total due amount from next time. But the problem is that they themselves do not allow the customers like us to pay more than current outstanding a/c to recent RBI rule. So In short they are doing malpractice while adding these finance charges. I have sent an email regarding this malpractice again to nodal team. So everyone be informed about these charges and ask them to reverse if you see them in your statement.


Added their malpractice here...

Thread 'Malpractice by SBI CARDS. Beware !'

Jul 23, 2024

This is a little big post. Please bear with me.

SBI posted a finance charge of 1450 INR approx with some taxes to me for not paying Total Due amount. See my previous post (https://www.technofino.in/community...l-outstanding-was-credited.27904/#post-722404). However this was not the case, Total amount due at statement generation date was 42k. And after 4 day of the bill generation a refund credit of 2100 was done from Flipkart. So I paid the remaining amount which was 40k finally. The total credit for the whole statement period became...

• cc_dc_explorer
• fraudulent sbi card sbi fraud
• Replies: 13
• Forum: Credit Card - General

• 
• 
• 

 

[Aniket]

Sir you are so knowledgeable about Kotak CCs can you guide me how to get Kotak White Card, please sir Big Fan Sir !!

I have heard about your legends from legendary @raghu.rokda Sir !!

I assume you're being sarcastic, so if it's correct, then band karye taang kichna uss din bhi kiye the Liberty wale thread pe, yaad toh hoga hi aapko

Coming to the topic, RBI ne restriction laga rakha hai pata hi hoga already aapko, so wait and watch until the restriction lifted.

Ek time pe sabko baat raha tha White Card jaise League Rupay baata around last BBD se jab tak restriction laga and ek do loophole bhi tha like URL edit karke ya Salary/ Privy A/c 🤣

TRV/CC limit dher sara chiz hain...

 

[Shin-Chan]

Padhne ka jarurat aapko hain!🙂
In your language to you:

Screenshot attached below 👇

I am myself a law student don't require to find a banking law undergrad & had already read the guidelines.

In addition to this, it's not rocket science to understand as you think.

Haan jee aapko jarurat hain lijye mein de raha hoon thali mein parosh ke 🙂

Aasha karta hoon ab baseless argument nahi hoga koi...

View attachment 62218

Banks are not sitting for illiterate but they are sitting for literate, one who know his/her rights & also how to fight. If yes if you put baseless argument, none will bother to listen you.

Issi liye isko bold bhi kara tha pehle, lekin karne ka koi faida nahi huwa...

View attachment 62223

Lastly chaliye Admin aka @TechnoFino bro ne bhi kuch time pehle ek thread hi dale the unka bhi links de deta hoon...last paragraph jarur padh lijyega

Thread 'Five Credit Card Rules You Don't Know | Don't Let Your Bank Scam You'

May 27, 2024

We all know about credit cards, but we often don't bother to learn about the RBI guidelines for credit cards and their issuers. When we encounter problems, we contact the bank and trust them blindly. But banks don’t always tell you the truth. In fact, people lose more money to banks than to scammers because maximum customers don't know the RBI guidelines and don't question their banks.

Today, I'll tell you about a few crucial RBI guidelines regarding credit cards. Save this post and don't let your bank scam you ever again.

​

1. 3 Days Grace Period Rule:​

This rule...​

• TechnoFino
• rbi guidelines
• Replies: 63
• Forum: RBI Guidelines

• 
• 

I agree on all points with #Aniket sir 🙏🏻

Thanks for sharing your valueable knowledge

 

[virat#889]

Hi Community,

I had a SBI card bill of approx 42k generated.

After 4 day of the bill generation a refund credit of 2100 was done from Flipkart. So I paid the remaining amount which was 40k finally. The total credit for the whole statement period became 42,100 RS. So the bill was fully paid. But SBI Cards charged me 1500 RS as finance charges saying only 40k bill was paid.

What should I do, this is complete malpractice. I do the same on other cards when there is refund I only pay remaining amount after deduction of credits and they do not charge anything.

Please tag people who can help here.


UPDATE:
I raised this issue with nodal team of SBI and they reversed the charges.

However they asked me to pay total due amount from next time. But the problem is that they themselves do not allow the customers like us to pay more than current outstanding a/c to recent RBI rule. So In short they are doing malpractice while adding these finance charges. I have sent an email regarding this malpractice again to nodal team. So everyone be informed about these charges and ask them to reverse if you see them in your statement.


Added their malpractice here...

Thread 'Malpractice by SBI CARDS. Beware !'

Jul 23, 2024

This is a little big post. Please bear with me.

SBI posted a finance charge of 1450 INR approx with some taxes to me for not paying Total Due amount. See my previous post (https://www.technofino.in/community...l-outstanding-was-credited.27904/#post-722404). However this was not the case, Total amount due at statement generation date was 42k. And after 4 day of the bill generation a refund credit of 2100 was done from Flipkart. So I paid the remaining amount which was 40k finally. The total credit for the whole statement period became...

• cc_dc_explorer
• fraudulent sbi card sbi fraud
• Replies: 13
• Forum: Credit Card - General

• 
• 
• 

Hi Will this also impact CIBIL score
I recently had same issue got it reversed.
Last statement only had that Fin charges which i got reversed, now again they have put Fin charges🙁