Reference ICICI bank credit card letters as under of 17/12.
a) 5086530, b) 5086793 & c) 5087400
I have purchased Railway tickets through ICICI bank credit card at INSTANT EMI option. How ever to my surprise I found the different rates / amounts charged as procesing fees for the same amount. The details are as under respectively.
File No. Total amount EMI amount Processing Fees
a) 5086530 Rs. 1730.29 Rs. 576.76 Rs. 2065.10
b) 5086739 Rs. 3514.28 Rs. 1171.43 Rs. 267.67
c) 5087400 Rs. 3514.28 Rs. 1171.43 Rs. 48.46
I fail to understand the calculations. Also at serial b) the processing fees are more than the cost of tin't it a classical exampal of misscalculation & cheating. Please rectify & send me the corrected advice.
Thanking you
Yours truely,
Col. M.S.Sardesai (Retdre)
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