Credit card payment
shekhar
(Querist) 16 September 2017
This query is : Resolved
Dear experties , i had credit card holder . Of private bank i used a principle near by 30k and long period installment i have paid almost 90 to 1 lacks aginst the principal . Which is almost 200%. Extra one day i realises that thing and stoped paing to bank . Bank had send me notice i explain all the details , but now bank insist that i have to pay 90k again or they will effect to my cbil. This is exactly extortion sacam . I had gone through various site RBI said bank could charge only 36 % . But that rule not followed by bank . Should i will get the justice . I have applied petition to consumer court. What to do ? . Who / how can raise about this extortion scam . 1 bank provide 45 credit period . But every bank charges intrest on 30 day so customer get only 15 day credit. This the wrong statement by bank . Dose it could be brech of commitment . Thre is lot of ambiguity . And common people facing problem on effects on cbil . This the trap . Could u pls light on this point. - shekhar.
shekhar
(Querist) 16 September 2017
* bank said we provide 45 days credit period , but this is false statement . Bank charges normally interest on 30 days . So customer get only 15 days credit period. - pls explain.
Rajendra K Goyal
(Expert) 16 September 2017
Demand account statement from the Bank from beginning.
Show all documents to local lawyer and discuss.
Kumar Doab
(Expert) 16 September 2017
You may carefully go thru;
RBI Master Circular on Credit Card Operations on RBI website.
e.g;
https://rbi.org.in/Scripts/BS_ViewMasCirculardetails.aspx?id=8998
and of each year of your operation of card, and relate for variances if any as per your own record.
Kumar Doab
(Expert) 16 September 2017
GO thru:
https://www.rbi.org.in/scripts/BS_ViewMasCirculardetails.aspx?id=9838
Kumar Doab
(Expert) 16 September 2017
GO thru;
MITC and Credit period period calculation on back side of card BILL.
Usually 45 days is from date of beginning of statement date /Card swipe.
Usually payment date is 15 days from statement end date.
The RBI guidelines is 15 days from date of receipt of statement.
Relate with details of your matter.
Kumar Doab
(Expert) 16 September 2017
Wrong statement can be contested.
Before jumping to lodge complaint prefer to show your case record & discuss with a very able senior LOCAL counsel of unshakable repute and integrity specializing in consumer/banking/CC matters and check if you can really tap on lapses, deficiencies of CC company/bank.
Kumar Doab
(Expert) 16 September 2017
Visit LOCAL DCDRF and you can come across counsels and Authorized Representatives appearing there.
Kumar Doab
(Expert) 16 September 2017
For details and judgments check at:
www.confonet.nic.in
You can even download judgments in case of your own bank at DCDRF, State Commission, NCDRC
