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why there is a difference in total emi amount and amount spent from my credit card

Personal Finance & Money Asked by Vikas Acharya on February 13, 2021

I have purchased a watch from an e-commerce portal. The calculation page was like below

enter image description here

according to this, I have to pay

919.38 x 6 = 5516.28

But, they said total payable amount is 5278.79 Also, I found in my credit card statement that they have deducted the same. Note that the product value is 5395

Since the bill was not generated for my credit card for this month, I’m totally confused !

Now, Do I need to pay
919.38 x 6 = 5516.28
or
879.79 x 6 = 5278.79

These hidden charges are totally confusing, I made this purchase in India So, Kindly help me understand this tough subject.

One Answer

Here's the closest I've come to figuring it out:

Subtotal:       5278.79
Convenience fee:  99
GST:              17.82
Interest:          4
Convenience fee: 116.82
                -------
          Total 5516.43

Installments:    919.38
Periods        x   6
                -------
          Total 5516.28
            

Those two totals are ₹0.15 different, which I can't resolve. Maybe there's a rounding error on their side.

Anyway, you must pay a total of ₹5516.28.

Answered by RonJohn on February 13, 2021

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