What happens if I cancel an EMI order on Amazon or Flipkart?

The platform refunds the amount to your card, but the EMI plan is handled by your card issuer. With SBI Card, the EMI is cancelled automatically only if you get a full, single refund of the same amount, with the same authorisation code, within 45 days. Otherwise the EMI may continue until you foreclose it.

Are there EMI cancellation charges if I return the product?

On a qualifying full-refund cancellation, SBI Card reverses the processing fee. If the EMI is foreclosed instead, SBI Card charges 3% of the outstanding principal plus GST and interest adjustments, and the processing fee is not refunded.

What happens to no cost EMI cashback if I cancel?

It is taken back. SBI Card’s terms say any merchant or manufacturer cashback or discount already posted is debited in full if the EMI booking is cancelled.

I returned only one item from my order. Will my EMI reduce?

Not with SBI Card. Partial refunds don’t change the EMI booking, and interest already billed isn’t reversed. The refund sits as a credit on your card, and the EMI continues unless you foreclose it.

Should I stop paying my card bill until the refund comes?

No. Pay the Total Amount Due by the due date. If a cancellation adds the amount back to your balance and you leave it unpaid, interest and charges can apply. The refund adjusts in a later statement.

Order cancelled on EMI? What happens to your EMI, interest and cashback (SBI Card’s rules explained)

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Order cancelled on EMI? What happens to your EMI, interest and cashback (SBI Card’s rules explained) | Spendzie