No cost EMI - clarification

Bank will deduct ‘EMI cancellation charges’ too from phone price.
CC entries will be updated after 3-4 days.

For me around 550 rupees is deducted. I thought they deducted the interest amount and let me pay the EMI for next 6 months.

Got some clarification from hdfc.

_"On receipt of your e-mail we have done the detailed investigation and observe that the transaction made at M/s. Amazon Seller services for Rs. 14,436.65 for easy EMI has been refunded by merchant. As per Easy EMI terms and conditions, in case of Online EasyEMI transactions done at merchant websites, if refund done by merchant is greater than 90.01% of EasyEMI Prinicipal Outstanding on Credit Card then EMI Loan will be pre-closed. In such cases processing fees charged (if any) will be reversed. Interest charged as part of EMIs already posted to card will not be reversed. Since EMI will be preclosed, EasyEMI preclosure Interest charges (as applicable) will be levied to card.

In view of the same the Pre-closure charges has been billed on your card account."_

So the EMI is closed now and total amount of 15327.65 (samsung m30 + cost of 2 more item) has been charged in my statement.

I will update later how much they have charged for the pre-closure.

So guys please careful, before placing a ‘No cost EMI’ order. Cancellation of order involves charges from bank.

Dafuq.

Update:

My Credit card bill generated. No pre-closure amount has been charged.
So i think if we cancel before the bill generation, then no additional charges.

Pre-closure is when you go ahead with the emi and decide to settle before the emi tenure.
This is cancellation . So, no pre-closure charges obviously. If you had gone ahead with the emi and later closed with with full payment, the bank would have charged you 3 %