Quick Answer: How To Convert Outstanding Amount To Monthly Emi In Hdfc Credit Card?

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How do I convert my monthly outstanding to EMI?

In case you want to convert your outstanding into EMIs, you can do so by logging on to your account through net banking and opting for smart EMI options for credit cards. Alternately, you can visit the nearest branch and ask your bank executive to help convert you’re outstanding into EMIs.

How can I settle my HDFC credit card outstanding?

Even If you don’t have an HDFC Bank account, you don’t have to worry when it comes to paying your HDFC Bank Credit Card bill. You can settle it via the NetBanking facility of your current bank account, NEFT, or any other payment options offered.

How do I cancel my HDFC credit card outstanding balance?

How to Cancel or Close an HDFC Credit Card?

  1. By calling Helpline Number: HDFC Bank credit card holders can cancel their credit cards any time by calling the toll-free number 61606161/6160616.
  2. Carholders can download the Credit Card Closure Form from www.hdfcbank.com and fill it up.
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What is the interest rate for HDFC Credit Card EMI?

The rate of interest for EMI on HDFC credit cards is 1.5% per month (9 months to 3 years).

Can I pay all EMI at once?

Repaying all EMIs at once is known as pre-closing the loan account. The loan officer will also intimate you of any pre-closure charges or penalties. Pay the entire balance amount (sum of all pending EMIs + preclosure charges, if any ) using a cheque or DD.

How is EMI amount calculated?

The mathematical formula to calculate EMI is: EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.

Can we use HDFC credit card after settlement?

The New Delhi District Consumer Disputes Redressal Forum said once the bank had received the amount as settled between it and the customer, it cannot revive the original outstanding.

How do you transfer credit card outstanding?

Find a credit card that offers you a lower rate of interest. Check that the credit limit is sufficient given your outstanding debt. Assess the balance transfer fees and decide whether the swap is worth it. Make a credit card application with your new issuer.

What is HDFC credit card settlement process?

As per the order from the National Consumer Disputed Redressal Commission (NCDRC), New Delhi, in a case when the credit card holder of HDFC Bank fails to make the repayment then may without informing the customer may settle the dues by withdrawing from the credit card holder’s savings bank account with the bank.

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How can I close my HDFC credit card permanently?

Call the customer care of HDFC at their toll-free number 1800-425-4332 and request for cancellation of the card. Download the Credit Card closure form from the official website of HDFC, i.e., www. hdfc.com, fill it and send it to the Manager, HDFC Bank Credit Cards, PO Box 8654, Thiruvanmiyur Chennai – 600041.

Can I transfer money from HDFC credit card to bank account?

Transaction Fee and Charges The Balance Transfer on EMI option is available for eligible HDFC Bank credit card customers only. If you are eligible for the same, the bank will allow you to transfer your credit card balance from one credit card to another.

Will my EMI be deducted?

So unless you have specific approval from your bank, your EMIs will still be deducted from your bank account. The RBI has stated in its guidelines that lending institutions should frame board-approved policies for providing reliefs on loans and credit card dues to all eligible borrowers.

How is HDFC EMI calculated?

To calculate your EMI, just enter the loan amount, rate of interest and loan tenure, and your EMI is instantly displayed. You can enter loan amounts from 50,000 to 4,000,000 and term from 1 to 5 years.

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