Cash Withdrawal Cost
Withdrawing cash from an ATM using your credit card triggers immediate interest and heavy fees. Calculate the true penalty.
Interest starts on Day 1. There is NO interest-free period for cash advances.
Bank Rules (Check T&C)
Extra Cost of Withdrawal
₹997
This is the total penalty (Fees + Interest + GST) you will pay for accessing your credit limit as cash.
Cash Advance Fee
One-time Flat Fee₹500
18% GST₹90
Total Fee₹590
Daily Interest Cost
Interest for 20 days₹345
18% GST on Interest₹62
Total Interest₹407
You must repay
₹15,997
To completely clear the cash advance debt off your card.
Financial Danger Warning
- No Grace Period: Unlike regular swipe purchases, cash withdrawals start accumulating interest from the very minute you collect the cash from the ATM.
- Loss of Reward Points: Cash withdrawals do not earn any reward points, cashback, or milestone benefits.
- Credit Score Hit: Frequent cash advances signals financial distress to credit bureaus and can negatively impact your CIBIL score.