Bob cbil issue
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Min amount also showing 0.50
For Me I have loan in sbi and the amount is autodebit everything is going smooth but every month 4k debit automatically from my account and to udjest loan principal amount they debit 144rs on last date of every month automatically
One they didn't Debit 144rs after 2 months I saw my cibil dropped by 47points and in showing this this loan is due from 59 days I'm shocked It's mistake by them it cost me points
You Said - "I have Bob cc due of 50 paise I ignored payed after 10 days now in cbil report showing as late payment.
Why did you Ignore it? Did you have short of that much amount?
Never Play with this Stuff to any Corporate Stuff/Banks for that matter.
Make sure to pay your dues in full, and if it's in "Points", round it up by adding an extra Rs 1. Simply complaining to the Nodal/Principal Nodal Officer or the RBI Banking Ombudsman will not guarantee a favorable decision. Banks and the RBI tend to side with banks most of the time, and if banks make intentional mistakes, they will eventually be penalized, and you will win. In your case, it's clear that you neglected to pay the full amount due, and BANK OF BARODA and CIBIL are not accountable for such matters. Banks aim to make a profit, and they may take advantage of situations like when you forget to pay on time, and pay only the minimum amount due. This is not illegal, and it's one of the reasons they offer LTF without any charges. Going forward, be sure to pay your dues in full, as the algorithm used by banks to report to CIBIL only considers a zero balance as a missed payment, and computers do not understand the value of Points in Rupees.
Point here is not paying the due amt but whether it is even required to put a min due amt of 50 paisa shamelessly. I had a total due amt of Rs.2 & I completely forgot about it because min due amt was zero so sbi card didn't even send any reminders on last day or next day of the due date as usual because even they knew that in such case sending reminders is pointless. I paid this Rs.2 total due a week after due date & nothing happened because min due amt in statement for that month was zero meaning if min due amt is zero then late payment doesn't apply at all which is also logical because it is not like having a due amt of Rs.2 or 50 paisa not being paid means anything about person's financial capability which is the whole point in credit card/loan business. BoB acted wost than sbi card in this case & that itself is a distinction no credit card in India should have.
Wow.... That puts SBI disaster to shame.
the peak of stupidity - not surprised BoB Axis can do such wonders
if you complain they will reverse CIBIL
@Siva1Bopparaju
Had similar issue with SBI Home loan, after writing email(actually visited branch, asked to email) they removed late payment after a month
It's almost 10months Can I visit branch and complain now... they reverse cibil now after 10momths
This is really paramount nonsensical stuff... either round up or down, at least that's what works in the financial industry... pathetic systems and overly pathetic policy makers/admin staff of these particular organizations who consider fractional amount as due and mark that in credit report!
Also customers, make a habit of rounding up yourself and pay that, as nobody knows when you'd be hit by a bug like this which might never be closed by the staff of these organizations... @guest_999 @shraaj
I used to do that but SBI reopened (in CIBIL)my closed card (closed in 2016) adjusted minus .91 to minus 1.00 and is now continuing payment history (into March 2023) 😌
I always pay more than payment due in such a situation.
If we ignore we will have to waste our time for 0.50 paise and 1 rupee.
What about 0.10 and 0.18 Short payment?
You can pay 1 rupee
Update: issue is resolved now mailed Bob they corrected in 1 month my cbil score is back to normal increased 10 points and late payment is removed
And here I thought sbi card & axis were the worst banks when it comes to credit cards. I similarly paid a total due of Rs.2 on sbi cc one week after due date but nothing happened. Check in your card statement if the min due amt is zero or not(if not then immediately close all BoB cc) & if zero then immediately lodge a complaint & escalate to nodal officer saying when min due amt is zero then bank can't report late payment to credit bureau & ask them to report to cibil their mistake. If they don't agree then file a complaint in rbi ombudsman attaching screenshots of card statement showing zero min due amt as well as cibil report.
@MrKool_JJ