what is the meaning of DEFERRED FIN CHARGES (EXCL TAX 101.28) in SBI Credit Card Statement ?

"Deferred Fin Charges (Excl Tax 101.28)" on an SBI Credit Card statement typically refers to financial charges that have been deferred or postponed to a later date. These charges are exclusive of tax and may include various fees and interest levied by the credit card issuer.

Here's a breakdown of what each component generally represents:

Deferred Financial Charges: These are fees and charges applied by the credit card issuer for services rendered or as penalties for late payments, exceeding credit limits, or other account-related activities. In this context, "deferred" indicates that these charges have not been immediately applied to the account but will be accounted for in the future, typically in the next billing cycle.

Excluding Tax (101.28): The amount mentioned within the parentheses represents the deferred financial charges exclusive of any applicable taxes. In this case, the specific amount is 101.28 units of currency, which may vary depending on the currency and jurisdiction.