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Hdfc refunded excess cc payment to savings account

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adrishya

I have some emis running on my hdfc cc. I think i paid some extra amount last mnth so the bill i got was minus 9k

Hdfc today refunded the same to my savings account. Is that normal?

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Deal Subedar Deal Subedar
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No, my cusin paid extra 44k and he did not get anything back

Analyst Analyst
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You mean excess amount refunded to source?

Shopping Friend Shopping Friend
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hotchap wrote:

You mean excess amount refunded to source?

Nope not to source. To savings acc.

Analyst Analyst
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adrishya wrote:

Nope not to source. To savings acc.

Through which bank you cleared the due?

Shopping Friend Shopping Friend
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hotchap wrote:

Through which bank you cleared the due?

Dont remember maybe paytm payment bank

Mobile Guru Mobile Guru
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For excess payment, u can always write to bank for refund
But this is new to me…may be it happened in your case because both sa and cc are linked

Deal Subedar Deal Subedar
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Axis and HDFC do refund to savings account.
Condition is the bill due must be negative amount.

Shopping Friend Shopping Friend
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ramadesidime wrote:

Axis and HDFC do refund to savings account.
Condition is the bill due must be negative amount.

yea maybe. This happening 1st time with me so was surprised

Pro Tech Guru Pro Tech Guru
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It happens many times with me nothing new

Deal Subedar Deal Subedar
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Ye to money making scheme hai…Shhhh….
Keep paying access and get rewarded for paying CC bill + amount comes to Saving account…(repeat)

Shopping Friend Shopping Friend
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Sudarshan61 wrote:

Ye to money making scheme hai…Shhhh….
Keep paying access and get rewarded for paying CC bill + amount comes to Saving account…(repeat)

yea thats what I was thinking too smile

Analyst Analyst
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They usually do that for excess payments by mistake or so upon request. But again there are limits like max 1 or 2 times per year…or something like that…
Please don’t make it a scheme.

Deal Subedar Deal Subedar
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andromeda wrote:

They usually do that for excess payments by mistake or so upon request. But again there are limits like max 1 or 2 times per year…or something like that…
Please don’t make it a scheme.

Thats ok….Mistakes can happen with big amount as well smile

Analyst Analyst
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Sudarshan61 wrote:

Thats ok….Mistakes can happen with big amount as well smile

yes and after that, it will result in searching for more ways to rotate the locked credit with card (after they deny for bank transfer)

Analyst Analyst
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adrishya wrote:

yea maybe. This happening 1st time with me so was surprised

Even im surprised with this smile
how will they differentiate EMI and normal cc payment
will this work if we pay excess amount to CC?

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hotchap wrote:

Even im surprised with this smile
how will they differentiate EMI and normal cc payment
will this work if we pay excess amount to CC?

no clue bro. Maybe new rules at HDFC?

Deal Lieutenant Deal Lieutenant
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drupal wrote:

It happens many times with me nothing new

Even if amount paid is from other bank they refund to hdfc. Linked saving account?

Deal Subedar Deal Subedar
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getready wrote:

For excess payment, u can always write to bank for refund
But this is new to me…may be it happened in your case because both sa and cc are linked

I thought this is new normal. I had received the additional payment credited to saving account linked to credit card about 2 months back

Deal Lieutenant Deal Lieutenant
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another loophole smelled and somebody is going to suffer badly for greed.. sunglasses

Deal Subedar Deal Subedar
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Abhinav_Pune wrote:

Great to earn supercash :p

Turn around time for extra amount to come back to account would be about 30-60 days. Depending on amount, SC may not be worth it. I had paid once some extra amount (in addition to cc due) to make it 1L+ so that I can use debit card for payment.

Deal Lieutenant Deal Lieutenant
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indiansoul wrote:

Turn around time for extra amount to come back to account would be about 30-60 days. Depending on amount, SC may not be worth it. I had paid once some extra amount (in addition to cc due) to make it 1L+ so that I can use debit card for payment.

Got it thanks

Pro Tech Guru Pro Tech Guru
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Abhinav_Pune wrote:

Even if amount paid is from other bank they refund to hdfc. Linked saving account?

Yes

Pro Tech Guru Pro Tech Guru
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DealFinder wrote:

another loophole smelled and somebody is going to suffer badly for greed.. sunglasses

This is not a loophole even you can call cc and he/she/trg will refund the amount to your savings account I done it many times but after bill generation

Deal Lieutenant Deal Lieutenant
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drupal wrote:

This is not a loophole even you can call cc and he/she/trg will refund the amount to your savings account I done it many times but after bill generation

so you are saying this is a way to transfer credit card money to bank legally free of charge? sunglasses

Analyst Analyst
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drupal wrote:

This is not a loophole even you can call cc and he/she/trg will refund the amount to your savings account I done it many times but after bill generation

It will be now called a loophole henceforth and most probably a loot. With the amount of greed present here, a feature will be seen as bug and eventually having the bug fixed or feature removed.

Deal Lieutenant Deal Lieutenant
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andromeda wrote:

It will be now called a loophole henceforth and most probably a loot. With the amount of greed present here, a feature will be seen as bug and eventually having the bug fixed or feature removed.

thatz it… End of Story.. sunglasses

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