If you opted for EMI and the entire amount has been debited, do not worry!


This is a procedure followed by banks where they debit the entire amount at once and convert it into an effective EMI within 4-7 business days. After this is processed from your bank, the entire amount will be credited to your account, following which you will only need to pay the monthly installment you opted for. 


Post this, your monthly debit card statement will reflect the EMI amount with the interest added. 


Please note: The bank may levy extra charges pertaining to GST or other taxes on the interest. 


Here’s an example:

After opting for an EMI Payment on 21/11/2017, the entire amount of Rs 53,900 is debited. 

As you can see, on 23/11/2017, the entire amount is credited back into the account after the bank converted it to an EMI with the interest rates starting on 12/12/ 2017. 


Note: This picture is for illustration purposes only.