Pleas Don't Use Zebpay They Are Charging so much fees


my earning was deducated

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@Yking2250 perhaps it is a cheap cost to teach you a lesson? You should always be reading agreements and understanding what you’re using. It can help to try to search for things too. For example:

Also:

For each month without trading activity or an active lending contract, a fee will be charged on the 1st of the following month based on the balance at that time. It will be 0.0001 BTC + GST (18%) (or its equivalent in any other cryptocurrency or INR) and will be deducted from your crypto or INR balance.

For fee calculation purposes, the month is determined based on the period from the 1st of a month at UTC 12:00 AM to the 1st of the next month at UTC 12:00 AM. This timing convention is used to determine the duration for which fees are assessed or calculated. This in Indian Standard Time will be from 5:30 AM on the 1st of the month to 5:30 AM of the 1st of next month.

For eg: The month of Jan starts on 1st Jan at 00:00:00 AM UTC ie 5:30:00 AM Indian time and ends on 31st Jan at 11:59:59 PM UTC ie 1st Feb 05:29:29 AM Indian time. If you make any trades or have active lending in this period, the membership fee will not be charged.

If your balance on the 1st is zero, you won’t be charged any fee, regardless of your activity for the rest of the month.

So if you looked through on ZebPay’s info or even places like here on Community, you’d have seen you shouldn’t sweep your balance and leave it untouched, otherwise you get charged. But if you don’t sweep it into ZebPay or you are active on ZebPay account, then you won’t be charged.

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