Submit Complaint
Questions
Home
     
 

Citibank Credit Card
Citibank Credit Card
1 1
 
1 Review
Mohan Ramaseshan Send email

Computation of interest on late payment

Hi

In my last citibank card, i was supposed to pay Rs. 80K and I made a payment of Rs.70K within due date. To my surprise, iu found that the bank has charged me interest on the entire 80K @3%p.a without reducing the payment of 70K i have made.

I feel this is totally unjust and an unfair money making mechanism. Under any banking laws, if payments are made within due dates, interest can be livied only on the unpaid balance and not on the full amount

Regards
Mohan
0 Comments

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    Your Rating (1 star is bad, 5 stars is good) No Rating
    Attach photos (optional) 
    Spell Check

    Related Complaints

    Citibank Credit Card - Charged those charges which were commited not charged
    Citibank Credit Card - Extra billing and unnessery harrasment
    Citibank Credit Card - no information
    Citibank Credit Card - i am not registered insurance,but every month they are sending bill regarding insurance
    Citibank Credit Card - Statement required
    Citibank Credit Card - refund of latepayment fee
    Citibank Credit Card - Fraud on my credit card
    Citibank Credit Card - Non-redressal of compliants
    Citibank Credit Card - Dishonouring my Cheque
    Citibank Credit Card - PENDING DUE
    View all Citibank Credit Card complaints

    		  
       
       
    Consumer Complaints | Submit Complaint | View full list of Companies | Latest Complaints | Updated Complaints | India Phone Number Lookup | Terms of Use | Privacy Policy | Contact Us

    © 2013 Indian Consumer Complaints Forum
    If you have any constructive thoughts, creative ideas, or reasonable offers, please, contact us immediately via E-mail
         
     

    User Registration

    Already a Consumer Complaints member? Log in now.
    Username:
    E-mail address:
    Password:
    Code:

    User Registration

    A confirmation email was sent to "".
    To confirm your account, please click the link in the message.

    If you don't see the email in your Inbox, please check your Spam box.

    User Login

    Not a member of Consumer Complaints? Register now.
    E-mail address:
    Password:
    Forgot your password?
    E-mail address:
    Back
    Loading, please wait...
    Your password has been sent to the specified email address. Log in
    or connect with Facebook

    User Facebook Login

    Enter Username