CITI BANK NA
Wrong interest charged

HOLDER OF CITIBANK NA. (INDIAN OIL) CREDIT CARD NO. 5546 1998 5463 7022 SINCE LONG i.e. BEFORE 1995.

i) STATEMENT PERIOD 27-11 TO 28-12 INTEREST CHARGED @2.85% (34.2% ANNUAL) AND ONWARD PERIOD.

ii) STATEMENT PERIOD 25-03 TO 22-04 INTEREST CHARGED @2.99% (35.9% ANNUAL) AND ONWARD PERIOD.

iii) STATEMENT PERIOD 25-08 TO 25-09 INTEREST CHARGED @3.15% (37.8% ANNUAL) AND ONWARD PERIOD.

iv) STATEMENT PERIOD 25-02 TO 27-03 INTEREST CHARGED @3.50% (42.0% ANNUAL) AND ONWARD PERIOD.

v) STATEMENT PERIOD 26-05 TO 25-06 INTEREST CHARGED @3.15% (37.8% ANNUAL) AND ONWARD PERIOD.

vi) STATEMENT PERIOD 27-07 TO 26-08 INTEREST CHARGED @3.50% (42.0% ANNUAL) AND ONWARD PERIOD.

vii) STATEMENT PERIOD 25-12 TO 23-01 INTEREST CHARGED @3.15% (37.8% ANNUAL) AND ONWARD PERIOD.

viii) STATEMENT PERIOD 26-03 TO 24-04 INTEREST CHARGED @3.45% (41.4% ANNUAL) TILL STATEMENT PERIOD 23-02 TO 22-03 .

STATEMENT FOR THE PERIOD 23-02 TO 22-03 SHOWS 036/48 EMI RS. 1762.50 AND EMI RS. 1762.50 PAID ON 22ND EVERY MONTH SHOWN IN THE STATEMENT.

MY COMPLAINT IS REGARDING THE RATE OF INTEREST CHARGED IS JUSTIFIED AS APPLICABLE TO NORMS. IT IS VARIABLE FROM PERIOD 27-11 TO 28-12 INTEREST CHARGED @2.85% (34.2% ANNUAL) TO 26-03 TO 24-04 INTEREST CHARGED @3.45% (41.4% ANNUAL) TILL STATEMENT PERIOD 23-02 TO 22-03 AND ADVISE PLEASE.