Flipkart Pay Later is offered by IDFC First Bank Ltd. Flipkart is most popular online shopping website in India, and Flipkart offer Flipkart Pay Later to many user and there is differnet limit for different users based on your shopping. Flipkart Pay Later is a popular option for those who want to pay for their purchases on a monthly basis and refrain from transacting each time they make a purchase on Flipkart. So if you want to permanently close your Flipkart Pay Later account then this article is for you.
Flipkart provides a pay-later feature in collaboration with IDFC First Bank Ltd. Navigate to your active accounts to check the status of the account in your CIBIL profile. You will be given step-by-step instructions on how to delete your Flipkart pay-later account in this instructive article.
How to Permanently Close Flipkart Pay Later?
People terminate their pay later accounts for a variety of reasons, such as their CIBIL score, transferring to a new payment method, and, yes, their inability to make their monthly payments as a result of overspending on purchases. The Flipkart pay later deactivation option is difficult to locate for many individuals. To permanently deactivate your Flipkart Pay Later account, simply follow these instructions.
Step 1 - Log in to your Flipkart Account.
Step 2 - Click on the Account from the Bottom.
Step 3 - Click on Help Center from Top.
Step 4 - Scroll down and Select "I want help with other issues".
Step 5 - Select Others option and again click on Other.
Step 6 - Now Click on More Help.
Step 7 - Now Chat box will be open, and here you can Chat with Flipkart customer care or Request for a Callback.
Step 8 - Now Request them to Permanently Close Flipkart Pay Later account. Ensure you request a permanent closure, rather than opting for a 'temporary pause' or 'inactive' account status.
Your Flipkart Pay Later account will be closed over the next month once the discussion or call has been completed. Just wait! This closure will eventually be listed as "closed" on your CIBIL report, often within the next 2-3 months.
Send Email for Closure Request
Alternatively, if you're still unsure about how to close your Flipkart pay-later account, you can initiate the process by sending an email to Flipkart using your registered email address at "Cs@flipkart.com." Ensure that you explicitly state your intention to close the account in the email subject line, for instance: "Request for Flipkart Pay Later Closure."
One of their staff members will contact you through phone if you have provided a registered phone number once you send them an email. It's important to keep in mind that sending emails is an alternative approach, therefore there is no assurance you will receive a response or that your account won't be cancelled. The first method of contacting the assistance centre is preferred if you want to learn how to disable Flipkart pay later.
Try Contacting RBI Ombudsman
If your request for account closure is not acknowledged or if you do not receive the NOC (No Objection Certificate) despite making the request, you can contact the RBI Ombudsman for grievance resolution.
Remember These Points Before Closing Your Flipkart Pay Later Account
1. Settling Outstanding Dues is Crucial - Ensure that all your outstanding dues are settled; otherwise, the closure process cannot proceed.
2. Secure Your No Objection Certificate (NOC) - You should receive a No Objection Certificate (NOC) from your lending provider, indicating the closure of your Flipkart Pay Later account with no remaining dues. If you haven't received it within 2-3 weeks of requesting account closure, don't hesitate to request it.
3. Patience with CIBIL Profile Updates - Be patient, as it may take 2-3 months for the 'closure' status to appear on your CIBIL profile. Don't be alarmed if your Flipkart Pay Later Loan still appears as 'active' during this period.
4. Record-Keeping of Closed Accounts - Even after your Flipkart Pay Later account is closed, it will continue to be listed on your CIBIL report as a 'closed' account for a few years. This is for record-keeping purposes and helps future lenders understand your credit history.
5. Maintain a Mix of Credit Accounts - If you don't use it actively, there's no harm in keeping your Flipkart Pay Later account open. Maintaining a mix of 'Credit Card' and 'Loan' accounts on your Credit Profile can benefit your credit health.
6. Consider Keeping Flipkart Pay Later for Your First Credit Line - If you don't currently possess any credit cards and have been offered Flipkart Pay Later, consider keeping it active. This serves as your initial credit line, and the age of a credit line significantly impacts your credit score. It may prove valuable when you apply for a credit card or loan in the future
Although closing your Flipkart Pay Later account can seem like a simple process, there are a number of important repercussions and considerations involved. We are confident that our tutorial on "how to close Flipkart Pay Later" will give you helpful tips and pointers for a smooth account closure procedure.
FAQs
How can I remove Flipkart pay later?
You can easily remove or cancle your Flipkart Pay Later account by contacting Flipkart customer care. Follow above steps to permanently close your Flipkart Pay Later Account.
Should I close Flipkart pay later?
Keep your Flipkart pay later account open if you're interested; there's no reason to change it. Your credit profile will show a balanced mix of "Loan" and "Credit Card" accounts. The age of your credit line affects your credit score. Keep your Flipkart pay later option available if you don't have a credit card.
Does flipkart pay later affect my cibil score?
Yes, just like any other credit or payment account, Flipkart Pay Later may have an impact on your CIBIL score. Flipkart Pay Later is regarded as a kind of credit, and other criteria relating to your credit behaviour may have an impact on your CIBIL score. To preserve or raise your CIBIL score, it's critical to carefully manage your Flipkart Pay Later account by making on-time payments and keeping your balances low.
What happens if you don't pay Flipkart Pay Later Amount?
You might be charged late payment penalties and interest if you don't pay the amount owed on your Flipkart Pay Later account. In severe circumstances, it may even result in legal action, collection tactics, account suspension, and a negative influence on your credit score. To prevent these repercussions, it's critical to make payments on time and to handle any financial troubles as soon as they arise.
Which bank is linked with Flipkart pay later?
Flipkart Pay Later was offered in collaboration with various lending partners, including IDFC FIRST Bank and other financial institutions.
What are the benefits of Flipkart Pay Later?
Flipkart Pay Later offers interest-free credit for a certain duration, a simple and quick checkout process, multiple payment choices, access to exclusive deals, eliminates the need for prepaid wallets, and improves the shopping experience. With these advantages, people may find internet purchasing to be more practical and cost-effective.
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