Confusion regarding Credit card Bill [ Solved ]

34K

Pay the total due amount. Then request for an excess fund refund.

34k

Pay 34k

According to RBI guideline, any amount refunded to the card should be instantly adjusted in the current due amount, so that means that you can pay 18k. That being said, I did that couple of months ago and paid some ₹900 less than the due amount. SBI being the cunt as we all know and expect, then charged me late fee etc, and even their customer support team wasn't aware of this rule despite sharing them the official document from RBI's website. I then complained to RBI Ombudsman and result was then in my favor.

But I would still suggest you pay the full amount to avoid the mess. Then open SBI Card app, tap SERVICES on the bottom and select CREDIT BALANCE REFUND. Then enter your bank account details, and the excess amount of 16k will be sent to your account.

Here's the official statement and the link, scroll down to point (g) under "10. Billing"

"Any credit amount arising out of refund/failed/reversed transactions or similar transactions before the due date of payment for which payment has not been made by the cardholder, shall be immediately adjusted against the ‘payment due’ and notified to the cardholder."

https://www.rbi.org.in/scripts/FS_Notification....

Simple answer - You pay what's mentioned on the statement!

brother keep one thing in mind always, be on safe side by paying minimum amount due from your own funds and the rest can be adjusted from the refunds. It's the simple funda that save you from all charges and fees how that particular bank policies may be.

for SBI pay whatever is less. total outstanding or total due.