Balance transfer Citibank

Hi buddy I have come to get info about Citibank Charges on Balance Transfer on Credit Card, as I am thiking to take its Credit Card of this bank ??

[Pathak]

As you want here I am telling Citibank Description of Charges of Balance Transfer on Credit Card:

Rate of Interest
The Rate of Interest is arrived by the Bank by taking into account various
factors. This will be at 12% reducing per annum

Processing Fee
Processing Fee charged on Balance
Transfer on your Credit card is 1.5% of
the Balance Transfer amount availed or Rs 200 (whichever is higher).

Preclosure Penalty
Any Preclosure of Balance Transfer on your Credit Card shall attract Penalty
Charge of 3% on the outstanding principal amount.

Service Tax & Charges
Service
tax (including Swachh Bharat Cess)
,
as notified by the Government of
India, is applicable on all fees and other charges and is subject to change, as
per relevant regulations of the Government of India