Republic Day 2024 Sales: What is No-cost EMI? Must-know pricing structure, hidden charges, benefits and more

This article discusses financing options like no-cost EMIs and BNPL that are popular during Republic Day sales. It warns consumers about hidden charges and processing fees associated with no-cost EMIs. The RBI has called for transparency in converting credit card transactions to EMIs and has taken steps to ensure fair practices in the pricing structure.

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