Urgent- AXIS MAGNUS international cash withdrawal

[AJ-]

I have Axis magnus. Need to withdraw cash from ATM. I know the markup fees 2% and no cash withdrawal fees.
If i take 10000 INR, how the interest will be calculated if i pay by next month on bill generation date?
Used to withdraw cash while in abroad using idfc select card, no interest charges except 199 and 2% markup.

 

[Tejo]

I have Axis magnus. Need to withdraw cash from ATM. I know the markup fees 2% and no cash withdrawal fees.
If i take 10000 INR, how the interest will be calculated if i pay by next month on bill generation date?
Used to withdraw cash while in abroad using idfc select card, no interest charges except 199 and 2% markup.

I think interest rate on cash withdrawal is 3% for magnus, contact axis useless customer support regarding the same.

Chumix

For example, you taken cash on 1st of July and statement date is 1st of every month.
Then 3% for the period I.e 300 is charged for 10,000 excluding (forex, any withdrawal fee).

 

[SSV]

contact axis useless customer support regarding the same.

Chumix

or contact guru @drsel / or his sishya @m4b ..these guys are True magnonimous guys !!

 

[m4b]

Interest starts from the day you withdraw cash.
3% for magnus.

 

[SSV]

Interest starts from the day you withdraw cash.
3% for magnus.
View attachment 59661

So, FASAK from Day 1 itself !!

 

[m4b]

So, FASAK from Day 1 !!

FASAK has already started the day OP holding Magnus.

 

[Tejo]

Interest starts from the day you withdraw cash.
3% for magnus.
View attachment 59661

The interest is calculated per month and its compounded na

Also the interest 3% or 3.6% is per month na

Here in the attachment, it seems to wrong.

Where do you got that ss @m4b ?

 

[m4b]

The interest is calculated per month and its compounded na

Also the interest 3% or 3.6% is per month na

Here in the attachment, it seems to wrong.

Where do you got that ss @m4b ?

https://www.axisbank.com/docs/default-source/default-document-library/mitc-credit-cards.pdf

Let me know

 

[AJ-]

I think interest rate on cash withdrawal is 3% for magnus, contact axis useless customer support regarding the same.

Chumix

For example, you taken cash on 1st of July and statement date is 1st of every month.
Then 3% for the period I.e 300 is charged for 10,000 excluding (forex, any withdrawal fee).

300rs for 1 month is fair. If i pay next day i only charge 10rs interest and 2% forex right?

 

[Tejo]

300rs for 1 month is fair. If i pay next day i only charge 10rs interest and 2% forex right?

Yeah, right

*pay, 2nd day

 

[Wealth is my birth right!]

I think interest rate on cash withdrawal is 3% for magnus, contact axis useless customer support regarding the same.

Chumix

For example, you taken cash on 1st of July and statement date is 1st of every month.
Then 3% for the period I.e 300 is charged for 10,000 excluding (forex, any withdrawal fee).

Idfc wealth locally good didn’t withdraw internationally

 

[sonuyos]

I have done it.

0 withdrawal fees.

2.36% forex currency and paid on the same date so was charged only 1 day interest.

But make sure it's full limit or else u qill be charged interest for the full month even ir you have paid what u Withdrawn.

It's more like fifo when it comes to withdrawal.