Hdfc Bank Plans Emi For Credit Cards

HDFC Bank is coming out with an equated monthly instalment (EMI) facility for its credit-card users. The bank, which had also slashed interest rates on its credit cards in January, has seen customers opting to transfer their balances from other cards to HDFC cards to avail of the low transfer rates.

Uma R Krishnan, country head, retail branch banking and credit cards, said the EMI facility would be made available by the end of thismonth.

This facility is being currently offered by Standard Chartered and ICICI Bank.

The EMI scheme can work either through arrangements between the bank and specific companies, wherein only certain products are available to credit card holders or it can work across products and companies with the customer calling up the bank and specifically listing out the purchase under the scheme.

image
Business Standard
177 22
Business Standard

Hdfc Bank Plans Emi For Credit Cards

Sanjay K Pillai  |  BUSINESS STANDARD 

HDFC Bank is coming out with an equated monthly instalment (EMI) facility for its credit-card users. The bank, which had also slashed interest rates on its credit cards in January, has seen customers opting to transfer their balances from other cards to HDFC cards to avail of the low transfer rates.

Uma R Krishnan, country head, retail branch banking and credit cards, said the EMI facility would be made available by the end of thismonth.

This facility is being currently offered by Standard Chartered and ICICI Bank.

The EMI scheme can work either through arrangements between the bank and specific companies, wherein only certain products are available to credit card holders or it can work across products and companies with the customer calling up the bank and specifically listing out the purchase under the scheme.

RECOMMENDED FOR YOU

Hdfc Bank Plans Emi For Credit Cards

Hdfc Bank Plans Emi For Credit Cards

HDFC Bank is coming out with an equated monthly instalment (EMI) facility for its credit-card users. The bank, which had also slashed interest rates on its credit cards in January, has seen customers opting to transfer their balances from other cards to HDFC cards to avail of the low transfer rates.

Uma R Krishnan, country head, retail branch banking and credit cards, said the EMI facility would be made available by the end of thismonth.

This facility is being currently offered by Standard Chartered and ICICI Bank.

The EMI scheme can work either through arrangements between the bank and specific companies, wherein only certain products are available to credit card holders or it can work across products and companies with the customer calling up the bank and specifically listing out the purchase under the scheme.

image

Business Standard
177 22
Widgets Magazine

More News

Widgets Magazine
Widgets Magazine
Advertisement

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard