https://www.desidime.com/comments/permalink/10182002
RBL CC NCEMI Cancellation method still laughing in the corner...
No cost EMI Cancellation Guide.
- 32931
- 400
-
- Last Comment
1. ICICI
After EMI conversion, Request customer care to Cancel EMI. Immediate Cancellation.
Cancel within 15 days.
No charges, Processing fee reversed.
2. Axis
Same as ICICI
Cancel with in 30 days.
No charges, Processing fee reversed.
3. BoB
After EMI conversion, mail them at crm at bobfinancial dot com
Charges - 199 + 35
Tip - Request for Cancellation as soon as transaction converted to EMI as INTREST is charged on daily basis.
4. SBI
Call CC and request.
Charges vary from 0 to 199 for processing fee + GST + 3.54% of outstanding Amount.
Trick - Make outstanding balance in your card 0 after transaction and before EMI conversion, in this case Transaction won't get converted to EMI.
5. HDFC
Login to mycards request for Cancellation from there.
Charges - only 35 rs. ( processing fee of 199 is reversed )
Tip 1 - Never make EMI transaction on HDFC cc if your billing date is within 7 days coz if first EMI is billed, then processing fee is not Reversed.
Tip 2 - After EMI Cancellation, HDFC ask us to pay outstanding within 24 hours but if not done there is also no issues. ( self tested )
6. Kotak
After EMI conversion, first pay the Principal amount in Card, then call cc for Cancellation.
Charges - All charges Reversed Except GST component.
Tip - Always select Highest time Duration of EMI to make the GST component small.
Suggestions are welcome.
You may add more banks in Comments, i will add in main thread.
Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
Top Comments
https://www.desidime.com/comments/permalink/10192720
Means what bro? They still have charges?
View 5
more replies
https://www.desidime.com/comments/permalink/10198577
Why HDFC is asking for pre closure charges for 9 month no cost emi Amazon
https://www.desidime.com/comments/permalink/10198902
Close it through My Cards app
View 10
more replies
https://www.desidime.com/comments/permalink/10219921
How to make advance bbps cc bill payment when bill is not.due using HDFC dc?
https://www.desidime.com/comments/permalink/10223342
HDFC is asking 3% pre closure charge this time in my cards site. It never asked anytime before. Ordered on 20th july. Any solution to avoid pre closure?
https://www.desidime.com/comments/permalink/10234238
Call and close thats all
https://www.desidime.com/comments/permalink/10225981
HDFC NCMI Trick Still works. Just an update to bump up this thread.
https://www.desidime.com/comments/permalink/10360016
does it give cashback/reward points once the emi i cancelled for hdfc millennia?
https://www.desidime.com/comments/permalink/10244277
Anyone recently test hdfc and bob emi cancel trick?
https://www.desidime.com/comments/permalink/10248764
Guys did anyone tried debit card emi cancellation? I did credit card emi cancellation and it worked but would like to know if the same procedure can be applied for debit card?
https://www.desidime.com/comments/permalink/10263318
BOB TnC says this:
Pre-closure fee of 3% or a minimum of Rs.100/- shall be levied on the principal outstanding amount if the card /EMI facility is closed before the expiry of the EMI tenure.
But if any dimer tried/tested if they charge as per this ?
Pre-closure fee of 3% or a minimum of Rs.100/- shall be levied on the principal outstanding amount if the card /EMI facility is closed before the expiry of the EMI tenure.
But if any dimer tried/tested if they charge as per this ?
View 1
more reply
https://www.desidime.com/comments/permalink/10282999
Federal banks charges a whooping 1% as a processing fee, and a 3% foreclosure fee... Had done a 1L NC-EMI transaction, got charged 1K just as processing fees itself... Other banks in general charge some 199 or so which is fixed, but for Federal it's 99 or 1%, whichever is higher XD
https://www.desidime.com/comments/permalink/10284307
Hey thank you for letting the community know. Appreciate it. Although it's no consolation, I hope you get back the 1% processing fee by paying its bill via some debit card that gives back the 1%.
So far I've found only HDFC, Axis, ICICI, Kotak are friendly for canceling NC EMI. And SBI trick works if all dues fully paid. BOB, OneCard, RBL, IDFC, Yes Bank and Federal are greedier banks
So far I've found only HDFC, Axis, ICICI, Kotak are friendly for canceling NC EMI. And SBI trick works if all dues fully paid. BOB, OneCard, RBL, IDFC, Yes Bank and Federal are greedier banks
https://www.desidime.com/comments/permalink/10359517
Ordered phone through NCEMI.
Amazon cancelled the same.
Now should I prepay to prevent it from converting to EMI or should I wait for refund?
https://www.desidime.com/comments/permalink/10359751
In similar situation, someone please guide
View 4
more replies
https://www.desidime.com/comments/permalink/10360019
Does anyone know if HDFC millennia card gives cashback once the emi is cancelled?
View 2
more replies
https://www.desidime.com/comments/permalink/10360453
What ll be Flipkart Axis CC EMI Cancellation, will We Get 5% For That?
https://www.desidime.com/comments/permalink/10360655
Guys, is Kotak one is as simpler as mentioned by OP? Making payment of principal amount before cancellation is a must? The last time I canceled a Kotak EMI, they charged something if I correctly remember.
https://www.desidime.com/comments/permalink/10361111
Guys does HDFC reverse the processing fee if NCEMI is cancelled?
https://www.desidime.com/comments/permalink/10361416
HDFC millennia bill date 1st...pls advise if I go for ncemi on fk since bill generation near...also will millenia fetch 5% cb as fk t&c says no reward /cb in case of HDFC discount availed
https://www.desidime.com/comments/permalink/10361876
No rewards/cashback on Millennia CC for EMI txns from 1st Sept 2024. Wallet load 1% also gone. And points redemption fee now of 49+GST
View 1
more reply
https://www.desidime.com/comments/permalink/10363702
From samsung.com buying s24 after exchange its cost 47k and I choose( icici amazon )No cost emi amount block 41k if i cancel now then i have to pay little change but what about 6k difference… its will be charged or i have to pay only 41k
https://www.desidime.com/comments/permalink/10373951
Bank will not know about exchange... It will bill 41k that you charged to card and convert to emi. If you cancel the emi, then 41k will be billed back to your card. For icici currently there is no extra charges for emi cancellation
View 1
more reply
https://www.desidime.com/comments/permalink/10363778
need to know the same. can i close HDFC no cost emi from flipkart without charges and does millenia card fetch 5 percent cashback after emi is cancelled. any recent experience?
https://www.desidime.com/comments/permalink/10370036
I ordered a TV yesterday on amazon at 11:45pm 28/9 and used NOCOST EMI benefit with my SBI CC
prepaid the amount today at 12am 29/9 and made outstanding 0
Should I take any steps to cancel the EMI or will it be automatically cancelled as the outstanding amount is 0?
View 9
more replies
https://www.desidime.com/comments/permalink/10373605
Yesterday I made a purchase using a HDFC pixel credit card on Flipkart. The product is on the way. but today it has been converted to EMI. Now if I cancel the order from Flipkart, then what will happen?
..
Two days ago, I purchased another product from Flipkart. Today the transaction has been converted to EMI. I got the product also.Today I pre-closed the EMI from the Payzaap app. I have been charged a 3% pre-closure fee. Has HDFC started charging a 3% pre-closure fee?
View 5
more replies
https://www.desidime.com/comments/permalink/10379509
just closed my hdfc ncemi via my cards. only 60rs charges
https://www.desidime.com/comments/permalink/10381059
My SBI card had an outstanding of 80k(including another emis currently ongoing from past months.)..Made an extra payment of 53k to the card and bought a laptop from amazon on nocostemi for that 53k.
Now in this case how to avoid emi closure charges or to automatically cancel this nocostemi.Please do replay your thoughts on this..Billing date coming on 11th Oct..
https://www.desidime.com/comments/permalink/10381200
You will need to pay 80k today to avoid emi closure charges
View 4
more replies
https://www.desidime.com/comments/permalink/10381388
Guys, keep checking HDFC Mycards even if you don't get an email/sms about conversion. I made a mistake. I received the conversion email yesterday night and today I went for cancellation and now it shows 450rs+ pro-rata interest for just 1 day. Then I realized that the conversion charge of 299 was deducted the day before yesterday means I should have canceled then but they didn't inform me.
https://www.desidime.com/comments/permalink/10381814
Don't worry with HDFC. Go ahead and cancel the NCEMI even now. Within a couple of days, they'll refund anything that was charged, except for some GST, etc. -- won't cost you more than 60-70 Rs. Tried this just 3 days back, so know it works well!
View 8
more replies
Click here to reply
Reply
This trick works in offline also?
Yes. I tried Axis ace and HDFC Tataneu infinity. All charges reversed and reward points are given too
ONE CARD is worst in EMI Cancellation.
They wont cancel EMI until 1st EMI is updated in statement.
When you call them again after 4-5 days, they wont reverse Interest charged on 1st EMI+ Processing Fees + GST
Federal banks charges a whooping 1% as a processing fee, and a 3% foreclosure fee... Had done a 1L NC-EMI transaction, got charged 1K just as processing fees itself... Other banks in general charge some 199 or so which is fixed, but for Federal it's 99 or 1%, whichever is higher XD