Bounce charges (बाउंस शुल्क)
Bounce charges are fees levied when your EMI auto-debit fails because of insufficient balance, charged by the lender and often separately by your bank. Repeated bounces also mark your repayment as late, adding penal charges and DPD damage to your credit report.
Worked example
Your ₹4,000 EMI (one of 6, total repayment ₹24,000) bounces: the lender charges ₹450 + GST as per the KFS, and your bank may add its own return fee. Keeping the account funded a day before the due date avoids all of it.