Is No Cost EMI really no cost?

CA Sarath R Krishnan , Last updated: 25 May 2020  
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Today, No cost EMI is one of the main attractions of online shopping sites and offline retailers. In certain online shopping sites there is also a separate section for No Cost EMI available products and in case of retailers also they spend very much on advertising No Cost EMI. As per RBI circular(RB

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Published by

CA Sarath R Krishnan
(Chartered Accountant)
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