Vote down Reasons
Yes they will calculate interest from your last billing date on a pro-rata basis. Moreover, u will have to pay full amount on next day only of emi closure
You can check all charges and fee and cancel online from mycards.hdfcbank.com > linked EMIs
Do update us about the charges and issues faced by you.
hdfc emi cancellation is never transparent , last times i saw processing fee + emi_intrst charges
this time it reversed me processing fee but charged me 25rs as Emi_intrst
moreover when i pre closed from my cards it shows different amount but when i paid and checked after 3-4 days it was showing negative amount (i.e i paid extra amount to them, same thing happened this time as well)
HDFC also gives reward points for balance amount
hackerboys wrote:Thanks Bro,hdfc emi cancellation is never transparent , last times i saw processing fee + emi_intrst charges
this time it reversed me processing fee but charged me 25rs as Emi_intrst
moreover when i pre closed from my cards it shows different amount but when i paid and checked after 3-4 days it was showing negative amount (i.e i paid extra amount to them, same thing happened this time as well)
marumuganainar wrote:That means, I get rewards for the transacted amount?HDFC also gives reward points for balance amount
marumuganainar wrote:Sure Bro.HDFC also gives reward points for balance amount
ansh7 wrote:Should I need to pay only the EMI transaction amount or the entire card outstanding?Yes they will calculate interest from your last billing date on a pro-rata basis. Moreover, u will have to pay full amount on next day only of emi closure
marumuganainar wrote:
Yes I got it last year when I closed the EMI
I didn't get any 2 months ago, customer care also told same
marumuganainar wrote:Yeah so did I, but they stopped now. I was hoping for smartbuy multiplier but got nothing
But I got it on 2022
ansh7 wrote:Yes they will calculate interest from your last billing date on a pro-rata basis. Moreover, u will have to pay full amount on next day only of emi closure
Almost all banks (credit cards) ask to pay immediately after closing emi but it is not at all required bcoz u have already converted the txn to normal txn and it will get billed only when bill is generated
hackerboys wrote:hdfc emi cancellation is never transparent , last times i saw processing fee + emi_intrst charges
this time it reversed me processing fee but charged me 25rs as Emi_intrst
moreover when i pre closed from my cards it shows different amount but when i paid and checked after 3-4 days it was showing negative amount (i.e i paid extra amount to them, same thing happened this time as well)
They refunded extra amount?
insta wrote:Almost all banks (credit cards) ask to pay immediately after closing emi but it is not at all required bcoz u have already converted the txn to normal txn and it will get billed only when bill is generated
Maybe. But hdfc sends sms immediately to pay the amount on next day, but no other bank sends this sms
HDFC can't reverse the emi processing fee if u cancel the complete order/transaction...that shows how worst they're.
iamrafic wrote:
Thanks Bro,
I made the transaction today, should I wait till it get converted to EMI or I can do tomorrow itself?
Yes wait for emi conversion then cancel it in my cards ..and pay the amount
Also let me know how Much amount u see after cancellation at my cards
And after u have paid amount do u see some negative balance in next 2-3 days
KrishabhAgrawal wrote:They refunded extra amount?
No
balugudidiot wrote:HDFC can't reverse the emi processing fee if u cancel the complete order/transaction...that shows how worst they're.
Also to add on this
Do not forget to pay on the very next day otherwise they will put late fee charges ( as informed by cust care)
I have filled the form to close EMI from mycards website and entered otp. Will the bank customer care contact me or I need to ring customer care ?
on receiving the email or regularly checking mycards.hdfc by logging in, you should place request for cancellation as soon as the transaction is converted into EMI and the processing fees and it's corresponding GST are reflecting there. you should do before to the upcoming bill generation to get entire charges reversed except GST else you will loose one month interest and processing fee.
