[Resolved]  Kotak Credit Cards — Annual card charges

My CRN is[protected]. I was levied annual charges of Rs 500 on my credit card. I was given the card as part of free corporate plan saying no annual charges. I never really used the card. This year when i was charged i refused to pay and after 2-3 months the same amount multiplied to Rs 1877(including all the late payment charges). I called the customer care and asked them to cancel my card and I was informed that all the charges other than the base charges of 500 had been reversed and also an approval was required to cancel the base charges. But on 9 december 2013 the kotak guys suddenly debited the entire amount of 1877 from my account. This shows how these guys make money. Please BEWARE