I like to bring to the notice of RBI that an amount refund(for example from IRCTC) is not trated as payment before the due date-"A VERY WRONG PRACTICE". Though there is a credit(in the form of refund) on the Account the same amount has to be paid again before due date and the same gets adjusted in the next billing cycle. Who will pay the interest for this double payment. My request to RBI is to set a clause to treate "Refund" on Credit Card Accounts as Payment if the refund is after the bill generation date.
