Flipkart: order cancel but EMI steal showing

Still*

If it was zero cost EMI then you should not be worried. 

Else call up customer care and ask them to reverse it as order was cancelled. 

SAME with me. just checked. 😳

Sudarshan61 wrote:

Still*

If it was zero cost EMI then you should not be worried. 

Else call up customer care and ask them to reverse it as order was cancelled. 

Yes It's no cost emi, got interest discount during order

Also -5691(credit) showing in my card

( And confused between still, steal & steel so...)

great wrote:

SAME with me. just checked. 😳

When you cancel order with flipkart it gives a message that emi txn doesn't cancel automatically with most banks so you need to cancel it. Happened with me on citibank but only 236 extra paid. However ICICI reverses it automatically if reversal comes before bill generation. 

Also even if it is no cost emi you are paying the interest and Processing fees from pocket as merchant txn is already cancelled so effectively you paying it for actual amount charged and reversed in your card. 

So your credit card will remain in negative for first few emis then interest, processing and gst you will pay from pocket in last emis. 

So call cc each time you cancel a no cost emi txn. I have learned it by paying some ₹236 from my pocket. Hopefully you learn it without paying a dime.

jambui wrote:

When you cancel order with flipkart it gives a message that emi txn doesn't cancel automatically with most banks so you need to cancel it. Happened with me on citibank but only 236 extra paid. However ICICI reverses it automatically if reversal comes before bill generation. 

Also even if it is no cost emi you are paying the interest and Processing fees from pocket as merchant txn is already cancelled so effectively you paying it for actual amount charged and reversed in your card. 

So your credit card will remain in negative for first few emis then interest, processing and gst you will pay from pocket in last emis. 

So call cc each time you cancel a no cost emi txn. I have learned it by paying some ₹236 from my pocket. Hopefully you learn it without paying a dime.

Just Talk to customer support, and he say they reverse the emi and and charge will refund in ac within 3 day,

Let's sees

Check on the stmt there will be same emi amount dr and cr, once you opt for emi it will be shown in stmt till the tenure closes but they will not charge you, the same emi amount they will show as debit and credit that means they are charging zero

Satish84 wrote:

Check on the stmt there will be same emi amount dr and cr, once you opt for emi it will be shown in stmt till the tenure closes but they will not charge you, the same emi amount they will show as debit and credit that means they are charging zero

You will get a refund of the EMI amount, PF, and GST. No worries. It's smooth in Axis.

Sudarshan61 wrote:

Still*

If it was zero cost EMI then you should not be worried. 

Else call up customer care and ask them to reverse it as order was cancelled. 

still you should close: NO cost emi attracts GST extra on interest which is charged extra from you so get it pre-closed with providing information to bank that order is cancelled and refunded.

Rajkotian wrote:

You will get a refund of the EMI amount, PF, and GST. No worries. It's smooth in Axis.

Yes 🏼 emi cancelled & got all refund...