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interest free EMI Complaint of ICICI bank Credit Card

This is a discussion on interest free EMI Complaint of ICICI bank Credit Card within the Credit Card forums, part of the Loan category; In May 2007, i bought a Kodak Camera at KBM electronics, Lakhshmi Nagar, New Delhi, worth approximately Rs 19900 only ...

  1. #1
    Unregistered Guest

    Default interest free EMI Complaint of ICICI bank Credit Card

    In May 2007, i bought a Kodak Camera at KBM electronics, Lakhshmi Nagar, New Delhi, worth approximately Rs 19900 only using ICICI credit card (numer 4477466802835008) under a scheme launched by ICICI through which i was supposed to pay an interest free EMI for two years of approximately Rs 799. I have filled in all the details required for making the payments at the shop on the forms provided by shop owner.I am being told that the EMI would be debited from my ICICI account number 000701551009 at CP branch through ECS mode. Due to some communication gap at ICICI and shop owner end they were unable to process the automatic debit from my account and were unable to receive payments for which neither ICICI or shop owner contacted me for a long time. Since my account alert was set at any transaction greater than Rs 5000, i was also unaware that EMI is not getting debited. Now suddenly ICICI credit card company woke up and without any prior intimation to me they have asked ICICI bank to set apart an amount of Rs 25771.72 only from my operative account and given an instruction to only relase that amount once i pay back the above sum to ICICI credit card in one go. I had a detailed discussion with Mr. Shashi of ICICI credit cards on the impending issue and also made a proposal to pay the actual amount i owe to ICICI credit cards in yearly installments (rather that original two year installments)but he refused to listen to any such proposal and said that i have to repay the whole sum including a two year interest amounting to Rs 25771.72 else they will keep my money blocked in ICICI bank. While having the discussion he also forced another amount on equalling Rs 25000 on another card which i have not owned to repay
    I am a salaried person with a family to run. I have bought the Kodak camera only bacause it was avaialble on EMI. Paying the full amount in one go will cause irrepairable damage to me and my family
    I want to settle the actual amount with out any interest burden to repay under the original term and conditions which is in form of 2 year EMI

  2. #2
    Sweety Chakraborty Guest

    Default Waiver of inappropriate charges imposed on Credit Card A/c.

    Sir,

    This is Sweety Chakraborty from Kolkata. I do possess an ICICI Credit Card (No.5176 5339 6041 7001 ) in my name with a credit limit of Rs.25,000/-. I've only used this card for once and that too, to book a confirmed railway ticket.
    The first bill generated reflecting a concession of Rs.100/- and the whole amount due was Rs.589.21/-. Barring this Rs.100/-, Rs.590/- was paid at that very month (within stipulated due date).
    I have got the second bill showing a clean credit a/c of Rs.0/- as o/s with full credit limit available.
    Unfortunately, after clearing all the dues at first month only, I got the third bill for the next month which indicated that the same amount of Rs.100/- had been debited from my a/c with no specific reason whatsoever.
    Now I have again received the fourth bill and the whole amount due is Rs.552.33/- including late payment charges of Rs.400/-.

    This is absolutely unethical as since then I've not used it for any kind of transaction and hence for obvious reasons, I don't find it reasonable to pay a single penny to the bank anymore.

    Under the circumstance, I would request you to take the necessary steps against ICICI bank due to this inappropriate financial charges imposed on my a/c, so that people like me don't have to suffer this excruciating pain. I would appreciate if you take serious and sincere steps to fix this and give relief to me on an urgent basis, as I assume they'd add once again some late payment charges on my a/c which I should not be held responsible for.

    Address : 31, Nayapatty Road. Debendra Apartment.
    3 rd Floor. Flat No. T-2.
    Kolkata – 700 055.
    Contact – 033 2529 9078, 98743 58639.

    Please get back to me with justice as soon as possible as I've been treated very badly by this bank and being only earning member of my family with loads of obligations, things aren't getting smoother for me day by day!

    In anticipation of a quick feedback,

    Sweety Chakraborty

    FYI - Though I don't have Ref ID from ICICI Bank at the moment, I do possess their credit card statements and can forward for your kind perusal if needed.

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