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What are the finance charges for amount under 100?

Pankhuri

TF Ace
My friend made some calculation error and ended up paying 80 rupees less than the due amount on her simplysave credit card. Today she received next statement and got 4.5k worth of finance charges. She contacted CC but they said that since the statement was generated on 20th, 24hrs haven't passed so they can't raise the request for reversal of these charges. She was advised to call tomorrow. So wanted to know what are RBI guidelines regarding such small payment dues? Her total bill was over 50k.
 
I would say ask her and see whats a actually matter than truth can be find otherwise
Will try, just don't want to be nosy. But most probable is that someone used her card for buying something and paid back their share and she paid back her share and someone made the mistake in that. Or As Bansal bhai said, was trying to loot some offer on debit card or credit card payment and ended up at this.
 
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Will try, just don't want to be nosy. But most probable is that someone used her card for buying something and paid back their share and she paid back her share and made the mistake in that. Or As Bansal bhai said, was trying to loot some offer on debit card or credit card payment and ended up at this.
Are koi kahi se payment kare idhar se ya udhar

Apni friend se bus ye pucho ki

Statement dekh kr payment kyu nhi ki ?

Fir pura matter batao bro
 
So she should pay right away, considering that interest free period is over? So all these new and old charges would be incurring charges till due date if not paid earlier?
 
That is why I always generate the Statement in Round figure and in Multiples of Rs.100 and Always Make Repayments in Multiple of Rs.100 to loot offers😂

Multiples of 100 m hoga sab to errorless hoga 🤣
S A M E

Bill Murray GIF by Groundhog Day
 
My friend made some calculation error and ended up paying 80 rupees less than the due amount on her simplysave credit card. Today she received next statement and got 4.5k worth of finance charges. She contacted CC but they said that since the statement was generated on 20th, 24hrs haven't passed so they can't raise the request for reversal of these charges. She was advised to call tomorrow. So wanted to know what are RBI guidelines regarding such small payment dues? Her total bill was over 50k.
Credit will do more harm then good, if you're not paying in full.

Its the highest interest rate loan 50%, 4% per month.

As your friend have not paid the minimum amount, late fee + interest rate have kicked in..

As other have suggested pay the full, ask sbi to plz reverse the charges & not to report in cibil..
 
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