EMI not deducted - Personal loan with ICICI

EMI not deducted - Personal loan with ICICI

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Deal Cadet
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Hi, I am having a personal loan with ICICI bank and I didn’t opt for moratorium amid Covid, took some interest free funds from closed ones to pay EMI but my EMI didn’t got deducted from my account today as it usually does before 12 noon every month. I had already read thier FAQ which stated that the personal loan belonged to the catagory B and had required no further action and was set to default.

Anyone with the same concern?

26 Comments  |  
17 Dimers
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Blogger
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wait till final auto debit date  (you have not mentioned) if not deducted pay by self on 12 after 7 pm before 10 pm

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Deal Cadet
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rogerthat wrote:

wait till final auto debit date if not deducted pay by self on 12 after 7 pm before 10 pm

After 12? U mean 12th April?….my auto debit EMI date is 5th of every month….

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Blogger
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Expand
flawlessking wrote:

After 12? U mean 12th April?….my auto debit EMI date is 5th of every month….

read again my edited post

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Deal Newbie
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Same thing happened with me, EMI deducted, today is Sunday may be tomorrow will deduct

One thing I have also noticed before EMI date I got a SMS but this month no SMS came

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Tech Guru
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spverma.p31 wrote:

Same thing happened with me, EMI deducted, today is Sunday may be tomorrow will deduct

One thing I have also noticed before EMI date I got a SMS but this month no SMS came

Looks like they’re going to charge two months interest extra for recovering their losses confused

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Deal Cadet
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spverma.p31 wrote:

Same thing happened with me, EMI deducted, today is Sunday may be tomorrow will deduct

One thing I have also noticed before EMI date I got a SMS but this month no SMS came

Yes Sunday might be the reason, happened to me in past, I hope tmrw it gets deduct……yes no sms for me too

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Deal Cadet
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It’s due to today being a Sunday

My home loan EMI from ICICI is debited on 5th, but it’s a Sunday then it’s on 6th.

Also I have not received any SMS which usually comes on 3rd of each month

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Deal Cadet
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myfungang829 wrote:

It’s due to today being a Sunday

My home loan EMI from ICICI is debited on 5th, but it’s a Sunday then it’s on 6th.

Also I have not received any SMS which usually comes on 3rd of each month

Thx for the info

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Deal Newbie
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Its happened to me also.. I have personal loan in ICICI, and my EMI Suppose to deduct on 5 th of every month. But it is not happened for this month. I am trying to reach customer care, after awaiting of 20 mins it is telling like we cannot support due to COVID-19.

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Blogger
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pay manually

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Deal Cadet
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Bro it will happen eventually as my emi by zestmoney deducted two days later from actual date even I paid manually. So better wait as delay is due to holiday, weekend and covid

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Deal Subedar
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Yesterday My CC bill was also not auto debited from Savings Account, Paid Manually to avoid any loss. Many are Complaining Auto debits are Not working

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Deal Cadet
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How to pay home loan manually?

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Deal Cadet
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Category A, where the Bank HAS APPLIED the moratorium on all loans/ credit facilities of that category as a default option. All instalments for payment of interest and principal for loans/ credit facilities under this category, until May 31, 2020, automatically stand postponed, unless you select them from the dropdown and submit. If you select NONE OF THE ABOVE or DO NOT SUBMIT this form, the moratorium will apply to your loans/credit facilities under this category.

Category B, where the Bank HAS NOT APPLIED any moratorium by default, but requests you to apply. By selecting and submitting the relevant option from the dropdown, you will be applying for the postponement of the instalments for payment of interest and/or principal for the period up to May 31, 2020. By selecting the option NONE OF THE ABOVE, you will continue to pay the instalments as usual. Also, if you DO NOT MAKE ANY SELECTIONS or DO NOT SUBMIT this form, you will continue to pay the instalments as usual.

Check the conditions carefully and Opt Out.
Once done, you will not be able to make changes.

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Deal Cadet
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Same is the case with HDFC,
Loans are automatically Opt In.

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Deal Cadet
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@all, thanks for showing up….well the EMI got deducted this morning, as we were sceptical that it being Sunday might be the reason for non deduction.

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Deal Cadet
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myfungang829 wrote:

It’s due to today being a Sunday

My home loan EMI from ICICI is debited on 5th, but it’s a Sunday then it’s on 6th.

Also I have not received any SMS which usually comes on 3rd of each month

Update

My EMI was debited today between 1pm-5pm

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Deal Cadet
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My axis bank home loan emi also not deducted

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Deal Newbie
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Even my emi for personal loan has not been debited as of now from my salary account. Any idea how to go forward if the emi is not debited even by today EOD??

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Deal Cadet
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emi due on 5th april are charged today ( next banking day)
as 5th april was sunday
it is normal practice for icici bank
one more thing when ever you use online your debit card or UPI payment on holiday ICICI statement will show this transaction on next working day

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Deal Newbie
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Hi, my EMI not deducted – Personal loan with Yes bank. Emi date is on 4th of every month and I have not opt in for moratorium. Please let me know if anyone facing same issue and any suggestions.
P. S – I have another loan in hdfc and I have opt in for moratorium

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Deal Newbie
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For me also, EMI autodebit date was 5th of every month. I also not opted for moratorium. But still my EMI was not auto debited from my account. Also not able to reach customer care services.

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Deal Cadet
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My emi debited date is 3rd but it debited on 7 April,

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