How To Foreclose Axis Bank Credit Card EMI
Foreclosure of an Axis Bank credit card EMI refers to the early payment or closure of the outstanding EMI amount on your credit card. It allows you to pay off your EMI amount before the end of the tenure and avoid paying interest on the remaining EMI installments.
Axis Bank offers credit card EMI options to its customers for various purchases, such as electronics, appliances, travel bookings, and more. When you opt for an EMI plan, the outstanding amount is divided into equal monthly installments, which are then charged to your credit card every month.
If you wish to foreclose your Axis Bank credit card EMI, you can do so by paying the entire outstanding amount in one go. This can be done either online through the bank’s net banking portal or mobile app, or by visiting the nearest Axis Bank branch.
It’s important to note that foreclosure charges may apply when you choose to foreclose your Axis Bank credit card EMI. These charges may vary depending on the product or service you have purchased on EMI and the remaining tenure of the EMI plan.
In summary, foreclosure of an Axis Bank credit card EMI allows you to pay off your outstanding amount before the end of the tenure and avoid paying interest on the remaining EMI installments. You can do this by paying the entire outstanding amount in one go, either online or by visiting the nearest Axis Bank branch.
How To Foreclose Axis Bank Credit Card EMI
Step: 1
Call the Axis Bank customer care number at 1860-419-5555 or 1860-500-5555 from your registered mobile number.
Step: 2
Choose the option for credit card related queries and then select the option for EMI related queries.
Step: 3
Speak to the customer care executive and inform them that you want to foreclose your credit card EMI.
Step: 4
The executive may ask for your credit card details and other information to verify your identity.
Step: 5
Once your identity is verified, the executive will provide you with the outstanding amount that needs to be paid to foreclose the EMI.
Step: 6
You can then make the payment using your Axis Bank savings account, internet banking, or mobile banking app. You can also make the payment through NEFT or IMPS using the IFSC code and account number provided by the executive.
Step: 7
After making the payment, ensure that you collect the payment confirmation receipt or reference number from the bank executive for future reference.
Step: 8
Once the payment is processed and the EMI is foreclosed, the outstanding amount on your credit card will be updated accordingly.
Foreclose An Axis Bank Credit Card EMI On a Mobile You Can Follow These Steps
Step: 1
Open the Axis Bank mobile banking application on your phone.
Step: 2
Log in to your account using your credentials.
Step: 3
Go to the Credit Cards section.
Step: 4
Find the credit card for which you want to foreclose the EMI.
Step: 5
Select the EMI option and then click on the ‘Foreclose EMI’ button.
Step: 6
Choose the EMI plan that you want to foreclose and click on the ‘Foreclose’ button.
Step: 7
Review the details and confirm the foreclosure.