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How to pay your credit card bill by NEFT?

This article shows you a very convenient way to pay your credit card bill in case you do not have an account with the same bank.

How to pay your credit card bill by NEFT?


Posted on 09 Jul 2023
Author: Sayan Sircar
4 mins read
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This article shows you a very convenient way to pay your credit card bill in case you do not have an account with the same bank.

How to pay your credit card bill by NEFT?

Disclaimer: The credit card names in this article are not recommendations for applying for those cards.

📚 Topics covered:

Why should you pay your credit card bill by NEFT?

First of all, and to get it out of the way, the best option to pay a credit card bill online is by using the Net-banking or app of the bank issuing the card from your account in that bank. This article is for those who do not have an account in the issuing bank. Most of these card holders use various 3rd party sites/apps like Bill desk or Cred to pay their bills.

However, there is always a chance of operational risk of some kind of delay in the payment. If this happens, you will be shuttling between customer service of the card issuer, 3rd party payment portal and in some case the co-branded issuer which will take time to resolve the issue.

All credit card issuing banks offer a very convenient way to pay your credit card bill via NEFT. In this article we will cover a step-by-step process to setup and pay the bill.

The biggest benefit of bill-payment via NEFT is the robustness of the NEFT payment network which operates almost 24x7 and there is no third-party involved in the chain.

Step 1: Set up the payer in your Net-banking

You need two pieces of information for this: the 16-digit credit card number and the IFSC code. The IFSC code is in the tables below:

Select bank-issued cards

Card issuer IFSC Link to bank site Google search
Axis UTIB0000400 Axis website Google search
Kotak KKBK0000958 Kotak website Google search
ICICI ICIC0000004 ICICI website Google search
SBI SBIN00CARDS SBI website Google search
Standard Chartered SCBL0036001 Standard Chartered website Google search
HDFC HDFC0000128 HDFC website Google search
Citi CITI0000003 Citi website Google search

Select co-branded cards

Card issuer IFSC Link to bank site Google search
Amazon Pay ICICI card ICIC0000004 Amazon Pay ICICI website Google search
Flipkart Axis card UTIB0000400 Flipkart Axis website Google search

Each table row gives the IFSC code, link to the bank website where the payer account mapping process is explained along with the IFSC code and the Google search link to locate the same information in case the bank link changes in the future. If you credit card issuing bank is not in the tables above, you can Google it like this: link.

The payer details will be:

  • Payee name: Customer Name
  • IFSC Code – as per tables above
  • Payee Account Number - 16-digit Credit Card Number (15-digit number for AMEX cards)
  • Account type: Either Credit card or Savings or Current

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Step 2: Make a one-time test transaction

Never do UAT in production

Once the payer account is setup, make a test transaction of ₹10 or ₹100 to check if everything is working. This achieves two things:

  • check if the mapping detail is correct
  • check how long it takes for the payment to get credited

Step 3: Set an alarm on your phone

All smartphones have a calendar app. I use Google Calendar. Check your last credit card statement date, on which you got the statement, and set a monthly recurring reminder to pay the bill. Do not forget to set reminders.

Step 4: Pay the bill

Once the alarm goes off every month, check the due amount from your email statement, login to Net-banking or App to pay the full bill via NEFT.

Enjoy your life.

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This post titled How to pay your credit card bill by NEFT? first appeared on 09 Jul 2023 at https://arthgyaan.com


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