Interest maaf nahi hota. Bas koi aur bharta hai.
Ye baat pehle saaf kar leta hoon, kyunki isi se baaki sab samajh aata hai.
Jab aap ₹50,000 ka phone 6 mahine ke "no cost EMI" pe lete hain, bank aapko udhaar deta hai aur us udhaar pe interest lagata hai — bilkul normal loan ki tarah. Farak sirf itna hai ki wo interest dukaandaar ya brand upfront discount ke roop me bhar deta hai. Aapke EMI me wo nahi dikhta.
Isi wajah se RBI ne banks pe ek shart lagayi hui hai. Master Direction me saaf likha hai ki bank ko EMI me convert karne se pehle principal, interest aur merchant ka diya hua upfront discount — teeno alag-alag dikhane honge, aur yahi statement me bhi dikhana hoga. Aur phir ek line, jo mujhe sabse kaam ki lagti hai:
"EMI conversion with interest component shall not be camouflaged as zero-interest / no-cost EMI."
— RBI (Commercial Banks – Credit Cards and Debit Cards: Issuance and Conduct) Directions, 2025, paragraph 12(3)
Matlab: no cost EMI apne aap me jaayaz cheez hai. Chhupaana najaayaz hai. To agar aapki EMI screen pe interest ka number kahin nahi dikh raha, wo bank ki galti hai — aur aapko poochhne ka haq hai.
Teen cheezein jo phir bhi aapki jeb se jaati hain
1. Processing fee
Har EMI conversion pe bank ek one-time fee leta hai. ICICI Bank ne apne Instant EMI T&C page pe number likha hua hai: 2.99%, maximum ₹299 + GST, har Instant EMI transaction pe — dukaan me bhi, online bhi. (ICICI ki page pe "Updated on 30 August 2025" likha hai; maine 25 September 2026 ko check kiya.)
Cap hone ki wajah se ye badi kharidari pe chhoti lagti hai. ₹50,000 ke phone pe ₹299 kuch nahi hai. Par ₹6,000 ke earphone pe wahi ₹299 poore 5% ho jaata hai. Chhoti cheez ko EMI pe lena isiliye bewakoofi hai.
2. Interest pe 18% GST
Ye wala sabse zyada logon ko chubhta hai, kyunki naam hi "no cost" hai.
Interest merchant bharta hai — theek hai. Par GST us interest pe lagta hai, aur GST aapke bill me aata hai. ICICI ne apne page pe khud likha hai ki GST processing fee, interest aur foreclosure charges — teenon pe lagta hai, 1 July 2017 se. Banking services pe GST ki dar 18% hai.
3. Foreclosure — agar beech me band karna pade
Maan lijiye teen mahine baad paisa aa gaya aur aap EMI khatam karna chahte hain. ICICI ke T&C ke mutabik foreclosure pe outstanding principal ka 3% tak lagta hai, plus agle mahine ka interest. Uspe GST alag.
₹30,000 baaki hai to 3% = ₹900, GST milakar ₹1,062 — aur agle mahine ka interest uske upar. Jaldi chukane ki saza, seedhi bhasha me.
Ek poora hisaab — ₹50,000 ka saamaan, 6 mahine
Neeche jo table hai usme ek cheez maan kar chali gayi hai: bank ne 14% saalana ke hisaab se EMI banaya. Ye rate maan liya gaya hai, kisi bank ki page se nahi liya. Har bank, har merchant, har tenure pe rate alag hota hai — isiliye aapko wo apni EMI screen pe khud dekhna hai. Baaki teenon number banks ke apne T&C se hain.
| Kya | Kitna | Kahan se |
|---|---|---|
| Saamaan ki keemat | ₹50,000 | — |
| 6 mahine ka interest (14% p.a. maan kar) | ₹2,061 | maana hua — merchant bharega |
| Us interest pe 18% GST | ₹371 | aap bharenge |
| Processing fee | ₹299 | ICICI T&C |
| Fee pe 18% GST | ₹54 | aap bharenge |
| Aapki asli laagat | ₹724 | keemat ka 1.45% |
To "no cost" asal me lagbhag 1.5% cost hai. Bahut zyada nahi. Par zero bhi nahi, aur dukaandaar aapko ye 1.5% batane wala nahi hai.
Ek seedha usool: chhoti kharidari pe processing fee cap hi aapko maar deti hai. ₹299 ki flat fee ₹6,000 pe 5% hai, ₹50,000 pe 0.6%. Mera niyam ye hai — ₹15,000 se neeche ki cheez EMI pe lena hi nahi. Poora bill bhar do, ya wo cheez abhi mat lo.
EMI lene ke baad card ka behaviour badal jaata hai
Ye hissa log bilkul nahi padhte, aur yahi sabse mehnga padta hai.
EMI lene ke baad aapke card ka Minimum Amount Due ka formula badal jaata hai. SBI Card ke MITC ke mutabik MAD = 100% GST + 100% EMI amount + 100% fees/charges + 100% finance charges + overlimit amount + baaki balance ka 2%. Yaani poori EMI kisti minimum me hi aa jaati hai — use aage nahi khisaka sakte.
Aur payment ka order bhi tay hai. SBI Card ke MITC ke hisaab se aapka bhara hua paisa pehle GST katata hai, phir 100% EMI, phir fees/charges, phir finance charges, phir balance transfer, phir retail spends, aur sabse aakhir me cash advance. Aapka kharcha kahin peeche line me khada rehta hai.
Jo baat sabse zyada mehngi padti hai: SBI Card apne MITC me khud ek udaharan deta hai. ₹50,000 ki ek retail kharidari. Minimum Amount Due banta hai ₹1,000. Cardholder theek ₹1,000 bhar deta hai, due date pe.
Agle mahine ki statement me finance charge ₹2,267.26 aur uspe GST ₹408.11 aata hai. Yaani ₹1,000 bharne ki keemat — ek mahine me ₹2,675. Balance ₹50,000 se ghat kar sirf ₹49,000 hua, par upar se ₹2,675 aur chadh gaye.
Ye mera banaya hua example nahi hai. Ye SBI Card ke apne Most Important Terms and Conditions page pe likha hua hai.
SBI Card ka finance charge unsecured cards pe 3.75% mahina tak, yaani 45% saalana tak hai (secured aur Shaurya cards pe 2.75% mahina / 33% saalana). Ye number MITC pe likha hai, 25 September 2026 ko dekha gaya. Aur MAD bhi na bhara to late payment fee alag — ₹10,000 se ₹25,000 ke outstanding pe ₹950, ₹50,000 se upar pe ₹1,300. Lagatar do cycle MAD miss karne pe ₹100 aur jud jaata hai, har cycle, jab tak MAD clear na ho.
Isiliye EMI ka faisla "kitni kisti banegi" se nahi, "6 mahine tak har mahine ye kisti pakka nikal aayegi ya nahi" se lena chahiye.
Mera seedha jawab: kab lena, kab nahi
Le lijiye — agar cheez waqai chahiye (fridge kharab ho gaya, laptop kaam ke liye chahiye), keemat ₹20,000 se upar hai, aur ek hi baar me bharne se aapka mahina bigad jaayega. 1.5% ki laagat me paisa phaila lena theek sauda hai.
Mat lijiye — agar aap poora bill ek baar me bhar sakte hain. Us haalat me EMI sirf processing fee aur GST dena hai, bina kisi fayde ke. Aur agar cheez chhoti hai ya zaroorat ki nahi hai, to EMI aapko wo cheez khareedne ka bahana de rahi hai, sahulat nahi.
Ek baat jo mujhe hotel ki naukri ke dinon me samajh aayi thi — mahine ki salary me se jo paisa "pehle se bandha hua" hai, wo aapka nahi hai. Teen EMI ek saath chalu ho jaayein to salary aane ke din hi aadha paisa ja chuka hota hai. Ye ehsaas bill dekh kar nahi hota, tab hota hai jab mahine ke aakhir me kuch bacha hi nahi hota.
Doosra rasta — seedha cashback
Sale me aksar do raste hote hain: no cost EMI, ya kisi khaas card se full payment pe cashback. Agar paisa hai, doosra rasta hamesha behtar hai — usme aap dete nahi, lete hain.
SBI Cashback Credit Card
₹999 + GST- 5% cashback kisi bhi online kharch pe — merchant ki koi list nahi
- Offline pe 1%
- Cashback apne aap card account me credit hota hai, redeem nahi karna padta
- Cap: online se ₹2,000 aur offline se ₹2,000 — ek statement cycle me ₹4,000 se upar nahi
- Kharab baat: joining aur renewal dono ₹999 + GST. Renewal tabhi maaf hoti hai jab pichhle saal ₹2 lakh kharch ho
- Aur ek: jo kharch aap EMI me badal denge, us pe cashback nahi milta
Kis ke liye theek hai: jinka online kharch mahine me ₹10,000 ke aas-paas ya usse upar rehta hai. ₹2,000 ka monthly cap tabhi tak faayde ka hai jab tak aap ₹40,000 mahina online nahi kharch karte — uske baad extra kharch pe kuch nahi milta.
Kis ke liye nahi: jinka kharch kam hai. GST milakar fee ₹1,179 padti hai; use sirf cashback se nikalne ke liye saal bhar me lagbhag ₹23,600 ka eligible online kharch chahiye. Us se kam hai to lifetime free card hi behtar hai. Aur bijli-paani jaise utility bills is card ki exclusion list me hain — un par cashback zero hai. Poora hisaab is card ke alag article me likha hai.
EMI screen pe ye chaar cheezein dekhein
- Interest ka number — RBI ke niyam ke mutabik bank ko convert karne se pehle ye dikhana hai. Na dikhe to ruk jaaiye.
- Processing fee + GST — ye alag se, aage ke bill me aayega. EMI me nahi juda hota.
- Total outgo — kisti × mahine + fee + saara GST. Isi number ko cash keemat se compare karein.
- Foreclosure ki shart — beech me band karne pe kitna lagega. Ye baad me nahi, abhi padhein.
Saar
- Interest sach me zero hota hai — merchant bharta hai. Ye jhooth nahi hai.
- Par processing fee (ICICI pe 2.99%, max ₹299) aur us fee aur interest dono pe 18% GST aapka hai.
- ₹50,000 ki kharidari pe asli laagat lagbhag ₹724 — keemat ka 1.45%.
- Chhoti cheez EMI pe mat lein. ₹299 ki flat fee chhote amount pe 5% tak pahunch jaati hai.
- EMI ke baad poori kisti Minimum Amount Due me aa jaati hai — aage nahi khisak sakti.
- Minimum bhar ke chalte rehna sabse mehnga rasta hai. SBI ka apna example: ₹1,000 bharne pe agle mahine ₹2,675 ka charge.
- Paisa hai to full payment + cashback wala rasta hamesha behtar hai.
Aksar poochhe jaane wale sawaal
Kya no cost EMI me sach me interest zero hota hai?
Interest zero nahi hota — bank use lagata hai, par merchant ya brand use upfront discount ke roop me bhar deta hai, isliye aapki kisti me wo nahi dikhta. RBI ke Master Direction ke paragraph 12(3) ke mutabik bank ko EMI conversion se pehle principal, interest aur upfront discount teenon alag dikhane honge.
Phir no cost EMI me mujhe kya dena padta hai?
Do cheezein. Ek, processing fee — ICICI Bank ke T&C ke mutabik 2.99%, maximum ₹299, plus GST. Do, 18% GST, jo processing fee aur interest dono par lagta hai, chahe interest merchant bhar raha ho.
₹50,000 ki kharidari pe asli laagat kitni baithti hai?
Lagbhag ₹724, yaani keemat ka 1.45% — agar bank 14% saalana ke hisaab se 6 mahine ka EMI banata hai. Isme ₹299 processing fee, us par ₹54 GST, aur interest par ₹371 GST shaamil hai. Interest ka rate har bank aur tenure pe alag hota hai, isliye apni EMI screen pe khud dekhein.
EMI beech me band karun to kitna lagega?
ICICI Bank ke Instant EMI T&C ke mutabik foreclosure par bache hue principal ka 3% tak, plus agle mahine ka interest lagta hai, aur uspar GST alag. ₹30,000 baaki hone par ye lagbhag ₹1,062 plus agle mahine ka interest banta hai.
EMI lene ke baad Minimum Amount Due par kya asar padta hai?
Poori EMI kisti Minimum Amount Due ka hissa ban jaati hai. SBI Card ke MITC ke mutabik MAD = 100% GST + 100% EMI amount + 100% fees/charges + 100% finance charges + overlimit amount + baaki balance ka 2%. Yaani kisti ko aage nahi khisaka sakte.
Sirf Minimum Amount Due bharte rehne me kya nuksan hai?
SBI Card ke MITC ke apne udaharan me ₹50,000 ki kharidari par MAD ₹1,000 banta hai. Sirf ₹1,000 bharne par agli statement me finance charge ₹2,267.26 aur uspar GST ₹408.11 aata hai — yaani ek mahine me lagbhag ₹2,675 ka charge. SBI Card ka finance charge unsecured cards par 3.75% mahina, yaani 45% saalana tak hai.
Kahan se liya
- EMI conversion me transparency aur "no cost EMI" par rok — RBI: Commercial Banks – Credit Cards and Debit Cards: Issuance and Conduct Directions, 2025 (paragraph 12(3))
- Processing fee, foreclosure charge aur GST — ICICI Bank: Instant EMI Terms & Conditions
- Minimum Amount Due ka formula, payment allocation, finance charge rate, late payment slabs aur ₹50,000 wala udaharan — SBI Card: Most Important Terms and Conditions
- SBI Cashback Card ki fee, cashback rate aur cap — SBI Card: CASHBACK SBI Card
Ye financial advice nahi hai. Main SEBI ya RBI registered advisor nahi hoon. Ye article sirf general information ke liye hai. Credit card aur EMI dono udhaar hain — apni income, kharch aur repayment capacity dekh kar hi faisla karein.
Fees badalti rehti hain. Is page ke figures 25 September 2026 ko banks ki official pages aur RBI ki site se check kiye gaye the. Banks bina notice ke fee aur EMI terms badal dete hain. Apply ya EMI convert karne se pehle bank ki website pe latest terms aur MITC zaroor padhein — wahi final hai, ye page nahi.
Ek cheez jo maani hui hai: 14% saalana ka interest rate sirf hisaab dikhane ke liye maan liya gaya hai, kisi bank ki page se nahi liya. Aapka rate alag hoga — wo EMI screen pe dekhein.
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