I have taken Balance Transfer from SBI Card of Rs. 40500/- for six month on 12th-March-2016 which is received cheque on 20th-March and deposited to 2nd-April-2016, cause of continuously 4 or 5 days was on bank holiday. Now my BT EMI is Rs.7053.75 * 6 month with intrest amount , and also applicable processing fee = Rs.607.50 , GST = Rs.157.20 ,SBC = Rs.5.61 that mean total Outstanding amount should be Rs.40500 + 607.50 + 157.20 + 5.61 = Rs.41270.31 but right now showing out standing is Rs. 41786.
My concern is why is the gap of Rs. 515.69 between Rs. 41786 and 41270
Second thing is my EMI will be generated every month is EMI+GST+SBC(UNKNOWN TAX CHARGES) (7053.75+157.20+5.61=7216.56)
Total end of the EMI priod payable amount is = Rs.7216.56 * 6 + 607.50 (Processing fee) = 43299.36 Excluding Rs 515 gap amount
Total Interest amount payable by my side is Rs.2799.36 Excluding Rs.515 gap amount
one thing more why are charged GST & SBC every month over EMI (Including Interest) & when the amount has been credited 5 April then why should pay the interest from 12th-March
Please look into matter this is for every Indian
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