This is an interest-only payment option.

This option is given once every 6 months. In case the minimum payment is made, interest will continue to accrue on the outstanding principal, which will be added as an outstanding balance in the next billing cycle. 

You will have to opt for his preferred payment earlier than 4 days from the due date. If you fail to do that, the entire amount will be considered due. This can not be changed once selected.

No delay charge will be levied if you opt for the minimum payment. You will have to pay a service charge of Rs. 250 along with the interest due to avail of this offer