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    Credit Card EMI 3501 PDF

    Uploaded by

    Vijay Parmar
    Vijaybhai Parmar's request to convert a Rs. 3501.35 transaction into 6 monthly installments was approved. The installments of Rs. 614.58 will be charged to his credit card starting July 10th, with the last payment on December 10th. Fees including a processing fee of Rs. 150 and potential foreclosure fee of 3% will apply.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Credit Card EMI 3501 PDF

    Uploaded by

    Vijay Parmar
    609 views3 pages
    Vijaybhai Parmar's request to convert a Rs. 3501.35 transaction into 6 monthly installments was approved. The installments of Rs. 614.58 will be charged to his credit card starting July 10th, with the last payment on December 10th. Fees including a processing fee of Rs. 150 and potential foreclosure fee of 3% will apply.

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    Credit card EMI 3501.pdf

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    Vijaybhai Parmar's request to convert a Rs. 3501.35 transaction into 6 monthly installments was approved. The installments of Rs. 614.58 will be charged to his credit card starting July 10th, with the last payment on December 10th. Fees including a processing fee of Rs. 150 and potential foreclosure fee of 3% will apply.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    609 views3 pages

    Credit Card EMI 3501 PDF

    Uploaded by

    Vijay Parmar
    Vijaybhai Parmar's request to convert a Rs. 3501.35 transaction into 6 monthly installments was approved. The installments of Rs. 614.58 will be charged to his credit card starting July 10th, with the last payment on December 10th. Fees including a processing fee of Rs. 150 and potential foreclosure fee of 3% will apply.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    Ref. No.

    EMIT_11563262
    Serial no. AXIS/1 Date: 11-Jun-2019
    PARMAR VIJAYBHAI
    OD FALIYO , DABKA DABKA , DABKA , BARODA
    Pin Code -391440

    Dear PARMAR VIJAYBHAI

    Re: Conversion of Transaction into EMI

    We are pleased to inform you that your request to convert the payment for the following Transaction
    into Equated Monthly Installments (EMI) has been processed:

    Card number : 4514 XXXX XXXX 8740


    Date of Transaction : 06-JUN-19
    Transaction Amount : Rs. 3501.35
    Merchant Name : Life Insurance Corpora MUMBAI

    The details of EMI payment are given below:

    Installment Amount(excluding taxes) : Rs. 614.58


    Interest Rate : 1.50 % p.m.
    Processing Fee : Rs. 150
    Foreclosure Fee : 3.0% of the outstanding amount
    Tax : Additionally taxes will be applied as per Applicable Rates on
    Processing Fee, EMI interest amount and Foreclosure fee (On
    Foreclosure of the above EMI)

    Tenure : 6 months
    Last installment date : 10-DEC-19

    Please note that the first installment will be debited to your card account on 10-JUL-19.

    We hope that you have a great experience using your AXIS Bank Credit Card.

    Yours Sincerely,

    Manager
    AXIS Bank Credit Card

    Please Note:- This is a computer generated letter and does not require any signature.

    page 1 of 3
    TERMS AND CONDITIONS FOR PAY-BY-EMI

    1. The value of the Credit Card transaction should be INR 2500 or more to be eligible for conversion of transaction to
    EMI. Other debit transactions like cash withdrawals, Balance Transfer and card fees will not be eligible for this
    facility.
    2. Request for conversion of transaction into EMI will be processed only if the request for the same is received
    within 20 days from the date of purchase. However in exceptional cases the Bank reserves the right to consider
    request beyond that period but not later than 30 days.
    3. Processing fee will be billed to the cardholder’s credit card statement on the date of conversion of the
    transaction into EMI.
    4. The Bank may revise the rate of interest at a later stage without issuing prior notice to the cardholders.
    5. The Equated Monthly Installment (EMI) amount will be billed to the credit card every month on the same date as
    the first installment date.
    6. The entire EMI amount will be included in calculation of Minimum Amount Due payable by the cardholder.
    7. During the running period of EMI’s the cardholder cannot close the Axis Bank Credit card. However if he does so,
    before all installments have been posted, the outstanding EMI Principal amount will be debited to the card
    account as one consolidated amount and interest @ 2.95% p.m. applicable to Credit Card shall be charged.
    8. Pre-payment charges on foreclosure of the EMI facility will be applied on the outstanding principal amount of the
    EMI.
    9. Reward points earned on transaction will be purged on conversion of the transaction into EMI
    10. Axis Bank reserves the right to foreclose the loan and debit the entire outstanding amount to customer’s credit
    card statement if the customer defaults on payment of two consecutive EMIs.
    11. Any requests by add-on cardholders will be billed to the primary card.
    12. No request for changes in the billing cycle shall be entertained during the entire EMI period. The EMI period is
    defined as the EMI tenor selected by the cardholder at the time of request.
    13. GST will be applicable on Processing Fee, Foreclosure fee and interest amount and will be billed in the same
    statement in which the above charges are levied.
    14. Axis Bank reserves the right at any time without previous notice to add, alter, modify, change or vary all or any
    of these Terms and Conditions or to replace, wholly or in part, this scheme by another scheme, whether similar to
    this scheme or not, or to withdraw it altogether. Which if done shall be binding on the cardholder and the
    cardholder shall abide by the said rules. If withdrawn, those who have opted shall continue to get the right to
    pay through EMIs for the already approved conversion.
    15. The participants will not hold Axis Bank responsible for or liable for, any actions, claims, demands, losses,
    damages, costs, charges, and expenses that a participant may suffer, sustain or incur by way of this scheme.
    16. All and any disputes arising from the EMI facility shall be subject to the exclusive jurisdiction of the courts of
    Mumbai.
    17. Request you to please make the EMI foreclosure payment once the foreclosure amount is billed in customer next
    month statement.
    18. To cancel the EMI, customer will have to call the Axis Bank customer service and request for cancellation. If the
    installment is already started customer will not get any reversals for the interest charged.

    page 2 of 3
    Ref no : EMIT_11563262
    Monthly EMI payment Details
    Date : 11-06-2019
    PARMAR VIJAYBHAI
    OD FALIYO , DABKA DABKA , DABKA ,
    BARODA
    Pin Code -391440

    Card Number : 4514 XXXX XXXX 8740


    Loan Amount : 3501.35
    Loan no : 11563262

    Loan no. Period Date Repayment Principal Interest Outstanding Approval Date
    11563262 1 10-JUL-19 614.58 562.06 52.52 2939.29 10-JUN-19
    11563262 2 10-AUG-19 614.58 570.49 44.09 2368.8 10-JUN-19
    11563262 3 10-SEP-19 614.58 579.05 35.53 1789.75 10-JUN-19
    11563262 4 10-OCT-19 614.58 587.73 26.85 1202.02 10-JUN-19
    11563262 5 10-NOV-19 614.58 596.55 18.03 605.47 10-JUN-19
    11563262 6 10-DEC-19 614.55 605.47 9.08 0 10-JUN-19

    page 3 of 3

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