Flipkart EMI cancellation query!

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Last Comment 2022-09-24

2022-09-24

Hello. What will happen if Flipkart cancels an order from their side for an EMI transaction ? Will the whole amount be refunded back to CC ? Will EMIs still start ? And if yes then how to cancel it ? Would I have to pay interest or pre-closure charges or any other charges ?

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https://www.desidime.com/discussions/flipkart-emi-cancellation-query?page=1#post_8718899

romilq

2022-09-24

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@bikidas2060 @vkrmjeet @kartikxxx @caks2006407 Help please! 🙏

https://www.desidime.com/discussions/flipkart-emi-cancellation-query?page=1#post_8718920

bikidas2060

2022-09-24

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Bhai, honestly speaking I don't have much idea on EMI stuff. I am tagging more people for the same.

@MrKool_JJ @guest_999 @malikcool @cadence @EkdamSastaRaju @agnivo007 @EkakiAmi @caks2006407

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https://www.desidime.com/discussions/flipkart-emi-cancellation-query?page=1#post_8718925

bikidas2060

2022-09-24

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In my stupid understanding, EMI should be cancelled. If they are mischievous then 1st month emi + processing charges if any ll be deducted. Then EMI deducted ll be redeposited to the cc account in the next cycle. That's why I am guessing only. 😔😔

@still_guessing bhai, can you shed some lights on this matter?

https://www.desidime.com/discussions/flipkart-emi-cancellation-query?page=1#post_8718943

Scorpion

2022-09-24

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The above is correct process.

If the EMI reversal happened within billing period, 1st EMI will not be charged.
In rare cases if the EMI reversal happened late, then 1st EMI will be posted and reversed later including interest and GST.

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https://www.desidime.com/discussions/flipkart-emi-cancellation-query?page=1#post_8719111

vkrmjeet

2022-09-24

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everyone above my comment is right generally flipkart takes so much time to settle the transaction and post that cc provider takes time to convert it into emi's if it is cancelled before that then no charges else they will take processing fee atleast this too depends upon cc providers.