Flipkart’s Big Billion Day Sale is starting from tomorrow. On the next day, Amazon is also starting with its Great Indian Festival Sale. If you too are thinking of shopping in this cell, then first know the true meaning of these words, otherwise you will feel cheated later.
Flipkart’s Big Billion Day Sale is starting tomorrow i.e. from 16 October. On the same day, on October 17, Amazon is also starting from its Great Indian Festival Sale. In such a situation, many claims are being made to people like huge discounts and no cost EMI. If you too are thinking of shopping in this cell, then first know the true meaning of these words, otherwise you will feel cheated later.
Cashback
This is one of the most popular methods used by online shopping websites to attract buyers. As the name suggests, under cashback, the buyer gets back some percentage of the product’s price or a fixed amount. For example, if you buy a product of 5 thousand rupees, you will be refunded 10 percent or up to 500 rupees in the form of cashback.
How much cashback will you get?
Cashback terms and conditions should be read carefully before buying anything. Cashbacks offered by online portals usually come with terms and conditions. There is a check on how much the cashback is, as they usually come with an upper limit. Apart from this, there is a condition of minimum purchase amount. For example, this offer can show up to 20 percent cashback, but there can be a limit of getting a maximum cashback of up to Rs 1,000. That is, you will not get cashback of more than 1000 rupees.
when will you get cashback in full?
You should also know when to get cashback. Sometimes it is returned in 3-4 months. Also, pay attention to where the cashback will be deposited, will you be able to take them in your bank account or wallet? Because most companies offer cashback in their online wallet. Due to this, you will be able to use that cashback during shopping from the same site.
No Coast EMI
On taking the goods from Flipkart and Amazon Sale, you will be given the facility of No Cost EMI. But shopping with no-cost EMI without thinking you may have to pay more than the price of the goods. Caution is necessary when shopping under no-cost EMI. On the condition of anonymity, an NBFC executive said that at no cost EMI, you have to buy the product at full price. Even up to 15 percent interest is charged.
No Coast EMI is a recipe for selling more goods
No Coast EMI is a recipe to sell more goods. Do not hurry to buy any goods by seeing no cost EMI, read about it well. The bank withdraws the discount given as interest. The no-cost EMI scheme generally works in 3 ways. The first way is that at no cost EMI you have to buy the product at full price. In this, the companies give the discount given to customers as interest to the bank. The second way is that the company already includes the interest amount in the price of the product. At the same time, there is a third way that when no goods of the company are being sold, then no cost EMI is used to remove it.
Use caution when buying goods at no-cost EMI
Before taking any goods on ‘no-cost emi’, know the other e-commerce site or offline about the price of that goods. Apart from this, read the terms and conditions carefully on the ‘no-cost emi’ email. Because many times EMIs are not charged in the name of default or process fees.
Discount
In the online shopping websites in Festival Sale, companies are claiming a discount of up to 80 percent. But this discount remains on only a few products. Discounts on other products may not be as high. Generally, 70-80 percent discount is given on fashion products. Apart from this, the company also gives more discounts on it to eliminate its old stock. In such a situation, before buying anything with a high discount, it should be examined properly.
Check required
Before getting caught in the temptation of huge discounts, check whether it is the right product or not. If you are planning to buy something, then it is better that you keep an eye on its price. Also, compare prices on several websites before purchasing the product.
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