What is Debit card EMI ?
EMIs on Debit Card is one of the payment options available on Flipkart. It lets you pay for your orders in easy monthly installments using your Debit Card/ATM card.
How will I know if I am eligible for Debit card EMI?
Only a select base of pre-approved customers will be eligible for EMI on Debit Cards. Eligible customers will see this option on the payment page during checkout. However, the base of pre-approved customers is likely to change with time hence a customer who might not be eligible today might be made eligible at a future time. Eligibility is decided by the respective bank and not by Flipkart
How Debit card EMI works?
If you are pre-approved for Debit Card EMI from the respective bank and Flipkart , you will see this option on the payment page during checkout
Select EMI (Easy monthly Installments)
Bank will convert the payment into EMI within 4-7 business days
Your monthly debit card statement will reflect the EMI amount with the interest
Do you have this payment option available for all the products on Flipkart ?
Debit card EMI is available on most of the products at Flipkart, including Mobiles, Appliances and Electronics. For some select products, purchase on EMI is restricted and this payment option will not reflect on such products.. You can check the availability of this option in the offers section on the product detail page.
On Flipkart, which are the banks that offer Debit card EMI ?
At present, Flipkart partners with Axis Bank, State Bank of India (SBI), HDFC Bank and ICICI Bank to offer Debit Card EMI facility to customers.
Do I need to have any minimum balance in my account to avail this Debit card EMI ?
While you don't need to have any minimum balance in your account while placing the order, you need to ensure that your account has sufficient funds to pay the EMI as they become due every month
What are the criteria to avail Debit card EMI ?
You need to be an eligible customer for Debit card EMI. You need to have a minimum cart value of Rs 8,000 (for Axis Bank, SBI and ICICI Bank customers) / Rs 5,000 (for HDFC Bank customers)
Am I allowed to change the EMI plan after placing the order ?
EMI plans cannot be changed once an order is placed
DO I need to pay any down payment to avail Debit card EMI ?
You need NOT pay any down payment amount to avail this offer
Is there any processing fee to avail Debit Card EMI?
There are no processing fee or additional charges levied by Flipkart for availing this payment option. Your bank may levy GST or other taxes on the interest of the EMI.
What is the minimum and maximum transaction amount to avail cost EMI ?
The minimum and maximum transaction amount differs from bank to bank.
Can I foreclose my EMIs with 'Debit Card EMI' payment mode?
Yes, you can, by contacting your bank for foreclosure of your EMIs.
Will I get a complete refund if the item is cancelled or returned if I have paid for the order using the 'Debit Card EMI' payment option?
Yes, you will get a complete refund to the extent of the EMIs paid by you (if any) for the item in case it is cancelled* or returned*.
However, banks may charge some cancellation/refund or pre-closure charges. Please check with your respective bank for their policy for Cancellations, Refunds, and Pre-closure.
Orders for certain items cannot be cancelled after 24 hours of order placement, or returned once delivered. Please check the seller's cancellations & returns policy on the product page for details.