[Resolved]  ICICI Bank — Interest rate applied on whole amount rather than partial amount

Address:

500032

Hi,

How come icici bank is allowed to calculate interest on the amount we paid.

I don't understand the fraud icici is doing. Here is the scenario
Need to pay the amount :91873 rs
Paid : 75000 before due date.
Paid remaining amount 17000 after 4 days of due date.

In next statement generated they asked me to pay 4, 903.45 (Interest charges)+711.00 (Service tax)= 5, 613.76


I would have very much satisfied if the interest was applied on remaining amount. Very much disappointed by the interest rate applied.