SBI Credit Card — Sbi credit card takes "kanthu vatti" interest (Usury)

Address: 600097
Website: www.sbicard.com

I have received sep 2015 statement for Rs. 52214 on 15th sep. But i paid amount 30000 (minimum due is Rs.2610). After that i received statement for OCT 2015 with amount of Rs.82421.66, there i have charged Rs. 5797.42 (Interest) with tax Rs. 811.64. For the remaining amount (22214) in the Sep. statement i dont know why i charged Rs. 5797.42. When i ask customer care they are saying that the interest will be calculated for the whole amount (52214) which includes i paid . That also i agreed, if i pay for 52214 for 2 months also i will get only Rs. 3499. But they have charged all the amount which i purchased after Sep statement generation. I m totally diappointed with SBI. So people dont get SBI credit card. I am using HDFC credit from 2009, where i dont have like this issue till now.
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State Bank of India [SBI] customer support has been notified about the posted complaint.
 
3 Comments

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We are waiting for your response/mail to take further action. Please mail us the additional documents/information at [protected]@sbicard.com at the earliest.
I have already provided details and also replied to the mail from [protected]@sbicard.com on 08 th december.
I think SBI can refer their statements for further documents.
Reference number with SBI cares is 015523

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