Ref. No.

EMIT_60696461
Serial no. AXIS/1 Date: 23-Jul-2025
GAUTAM KUMAR
MAHESHKHUNT, PASHCHIM TOLA MAHESHKHUNT
, NEAR KAJHICHAK , KHAGARIA
Pin Code -851213

Dear GAUTAM KUMAR

Re: Conversion of Transaction into EMI

We are pleased to inform you that your request to convert the payment for the following Transaction into
Equated Monthly Installments (EMI) has been processed:

Card number : 5334XXXXXXXX3960

Date of Transaction : 20-JUL-25
Transaction Amount : Rs. 25094
Merchant Name : PPSL*Flipkart Internet Bangalore
Cashback Amount : 0.00
Subvention Amount : 0.00

* This information on cashback amount and interest amount is as per best availability of information with
us.Please refer to chargeslip/ Invoice for complete details.

The details of EMI payment are given below:

Installment Amount(excluding taxes) : Rs. 1577.32

Interest Rate : 1.33 % p.m.
Processing Fee : Rs. 199 + GST Applicable (2% of transaction or Rs 1500
whichever is higher, minimum Rs 250-Applicable for
Transaction EMI)
Foreclosure Fee : Foreclosure fees on Merchant EMI is 3% of principal outstanding
and for Transaction EMI it is 3% of Principal outstanding amount at
the time of foreclosure or Rs. 300 whichever is higher
Tax : Additionally taxes will be applied as per Applicable Rates on
Processing Fee, EMI interest amount and Foreclosure fee (On
Foreclosure of the above EMI)

Tenure : 18 months
Last installment date : 22-JAN-27
Please note that the first installment will be debited to your card account on 22-AUG-25.
We hope that you have a great experience using your AXIS Bank Credit Card.

Yours Sincerely,

Manager
AXIS Bank Credit Card

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Please note: All welcome letters are now being sent via electronic mode (email). Only in case if an email is
not delivered or bounced, a physical letter shall be sent.

This is a computer generated letter and does not require any signature.

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 TERMS AND CONDITIONS FOR PAY-BY-EMI

1. The value of the Credit Card transaction should be INR 1500 (for Transaction EMI) & INR 2500 for Merchant
EMI or more to be eligible for conversion of transaction to EMI. Other debit transactions like cash
withdrawals, Balance Transfer and card fees will not be eligible for this facility.
2. Request for conversion of transaction into EMI will be processed only if the request for the same is received
within 60 days from the date of purchase..
3. Processing fee will be billed to the cardholder’s credit card statement on the date of conversion of the
transaction into EMI.
4. The Bank may revise the rate of interest at a later stage without issuing prior notice to the cardholders.
5. The Equated Monthly Installment (EMI) amount will be billed to the credit card every month on the same date
as the first installment date.
6. The entire EMI amount will be included in calculation of Minimum Amount Due payable by the cardholder.
7. During the running period of EMI's, Axis Bank Credit Card cannot be closed. However if it is closed (either by
customer or by the Bank) before all installments have been posted, the outstanding EMI principal amount will
be debited to the card account as one consolidated amount and regular interest applicable to the credit card
shall be charged.
8. Pre-payment charges on foreclosure of the EMI facility will be applied on the outstanding principal amount
of the EMI.
9. Cashbak and Subvention amount and Reward points earned on transaction will be purged on conversion of
the transaction into EMI
10. Axis Bank reserves the right to foreclose the loan and debit the entire outstanding amount to customer’s
credit card statement if the customer defaults on payment of two consecutive EMIs.
11. Any requests by add-on cardholders will be billed to the primary card.
12. No request for changes in the billing cycle shall be entertained during the entire EMI period. The EMI period
is defined as the EMI tenor selected by the cardholder at the time of request.
13. GST will be applicable on Processing Fee, Foreclosure fee and interest amount and will be billed in the same
statement in which the above charges are levied.
14. Axis Bank reserves the right at any time without previous notice to add, alter, modify, change or vary all or
any of these Terms and Conditions or to replace, wholly or in part, this scheme by another scheme, whether
similar to this scheme or not, or to withdraw it altogether. Which if done shall be binding on the cardholder
and the cardholder shall abide by the said rules. If withdrawn, those who have opted shall continue to get
the right to pay through EMIs for the already approved conversion.
15. The participants will not hold Axis Bank responsible for or liable for, any actions, claims, demands, losses,
damages, costs, charges, and expenses that a participant may suffer, sustain or incur by way of this scheme.
16. All and any disputes arising from the EMI facility shall be subject to the exclusive jurisdiction of the courts
of Mumbai.
17. Request you to please make the EMI foreclosure payment once the foreclosure amount is billed in customer
next month statement.
18. To cancel the EMI, customer will have to call the Axis Bank customer service and request for cancellation. If
the installment is already started, the customer will not get any reversals for the interest charged.

a) For Transaction EMI (TEMI) - No foreclosure charges will be levied if EMI is cancelled within 30 days of
booking. However, processing fees charged will not be reversed.

b) For Merchant EMI (MEEMI)-No foreclosure charges will be levied if EMI is cancelled within 15 days of
booking (MEEMI) and processing fees charged will be reversed.

19. At a given time customer can have maximum of 60 active Transaction EMIs (post purchase EMI conversion).

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20. With effect from 15th November 2023, if a Loan facility/Loan is foreclosed by the Cardholder during the
Loan facility/Loan tenure, the Cardholder shall be liable to repay Total Outstanding due (including the
principal outstanding, foreclosure charge and the interest on the loan for the actual number of days till
closure) from the last billing date till the date of closure of Loan Facility/Loan, to the Bank. In such a
scenario, the following shall be the entries in the card statement for the interest charge:
· A = Interest shall be debited for the entire remaining loan tenure (i.e., last billing date till the date of
closure of Facility tenure)
· B = Interest pertaining to period post loan foreclosure
(i.e., foreclosure date to the date of closure of Facility tenure) shall be credited on the card account.
Effectively, the net interest i.e., (A-B) shall be billed to the customer for the number of days since last billing
date to loan foreclosure date.
·Please read the above T&C in conjunction with the detailed MITC:
·https://www.axisbank.com/docs/default-source/default-document-library/mitc-credit-cards.pdf

21. The Bank may at its sole discretion accept or reject the EMI conversion request without assigning any reason
whatsoever.
22. Jewelry/Gold transaction are not eligible for EMI conversion.
23. EMI facility is not available for Corporate Cards.
24. EDGE REWARD Points/ EDGE Miles/ cashback and all kind of reward points will be debited for credit card
transactions which are converted to EMI. In case of cancellation of the EMI transaction, reward points/
cashback shall not be credited back for the original transaction.
25. In case multiple transactions with the same amount on a particular date are requested for EMI conversion on
the OTP page, the request will not be executed. Kindly login to our Mobile Bank App, open to convert your
spends into EMI once the transaction is settled.

26. If EMI conversion is requested on the OTP page, the request will be processed once the transaction is settled
by the merchant. The EMI conversion will be subject to the Axis Bank’s internal policies.

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Ref no : EMIT_60696461
Monthly EMI payment Details
Date : 23-07-2025
GAUTAM KUMAR
MAHESHKHUNT, PASHCHIM TOLA
MAHESHKHUNT , NEAR KAJHICHAK ,
KHAGARIA
Pin Code -851213

Card Number : 5334XXXXXXXX3960

Loan Amount : 25094
Loan no : 60696461

Loan no. Period Date Repayment Principal Interest Outstanding Approval Date
60696461 1 22-AUG-25 1577.32 1242.73 334.59 23851.27 22-JUL-25
60696461 2 22-SEP-25 1577.32 1259.3 318.02 22591.97 22-JUL-25
60696461 3 22-OCT-25 1577.32 1276.09 301.23 21315.88 22-JUL-25
60696461 4 22-NOV-25 1577.32 1293.11 284.21 20022.77 22-JUL-25
60696461 5 22-DEC-25 1577.32 1310.35 266.97 18712.42 22-JUL-25
60696461 6 22-JAN-26 1577.32 1327.82 249.5 17384.6 22-JUL-25
60696461 7 22-FEB-26 1577.32 1345.53 231.79 16039.07 22-JUL-25
60696461 8 22-MAR-26 1577.32 1363.47 213.85 14675.6 22-JUL-25
60696461 9 22-APR-26 1577.32 1381.65 195.67 13293.95 22-JUL-25
60696461 10 22-MAY-26 1577.32 1400.07 177.25 11893.88 22-JUL-25
60696461 11 22-JUN-26 1577.32 1418.73 158.59 10475.15 22-JUL-25
60696461 12 22-JUL-26 1577.32 1437.65 139.67 9037.5 22-JUL-25
60696461 13 22-AUG-26 1577.32 1456.82 120.5 7580.68 22-JUL-25
60696461 14 22-SEP-26 1577.32 1476.24 101.08 6104.44 22-JUL-25
60696461 15 22-OCT-26 1577.32 1495.93 81.39 4608.51 22-JUL-25
60696461 16 22-NOV-26 1577.32 1515.87 61.45 3092.64 22-JUL-25
60696461 17 22-DEC-26 1577.32 1536.08 41.24 1556.56 22-JUL-25
60696461 18 22-JAN-27 1577.3 1556.56 20.74 0 22-JUL-25

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