EMI on Debit Card for Online/Offline Shopping: Debit Card par Equated Monthly Installment?. In this video I talk about all those banks which are currently offering facility of EMI on debit card. While making this video only ICICI and Axis Bank are offering facility of converting your debit card purchases into EMI.
Some things you need to keep in mind are as follows:
1. Banks generally don't charge any processing fee for this facility. However this may vary from one bank to another.
2. You can opt for your EMI tenure for up to 24 months (3, 6 ,9,12,18 and 24 months).
3. You are required to pay extra per annum interest to the bank because it's proving you with EMI facility.
4. There can be minimum and maximum loan amount. Only the amount between minimum and maximum loan amount can be converted to EMI by the bank.
5. For opting for "EMI on debit card" facility the bank may ask you to link your fixed deposit or recurring deposit account with your savings or current account. The bank may also give this facility to selected customers only.
6. Contact bank or visit bank's website to know the list of all participating partner stores (merchant outlets) and online websites ( e-retailer portals).
7. EMI can be done only at partner stores or on partner online websites. At partner stores you need to either swipe your debit card or use EMV CHIP technology to do payment by entering your ATM PIN. You are also required to tell your preferred EMI tenure to the merchant. After this your transaction will get converted to EMI.
8. Carefully read ALL Terms and Conditions of the bank before going for EMI on debit card facility.
आइये जानते हैं इस वीडियो में की आप कैसे अपने डेबिट कार्ड पर ईएमआई की सुविधा ले सकतें हैं?
Aaiye jaante hain iss video mein ki aap kaise apne debit card par EMI ki suvidha le saktein hain?
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