How to remit Credit Card Dues thru NEFT

The usage of Credit Cards is on the increase in our country. At the same time, credit card holders are searching for new payment avenues, of their credit card dues.

The common options, to pay the credit card dues, are

01) Deposit of Cash-though banks are now levying a Service Charge for cash deposits, to clear credit card dues.

02) Standing Instruction (SI) to debit an Current/Savings/Overdraft Account, within the Card Issuing Bank.

03) Debit account in other bank, and remit the funds to the credit card, through Net Banking. This facility is popular amongst ICICI Bank credit card holders.

04) Last but not the least, through Cheque/Demand Draft.

Apart from the above, one new Payment option, is becoming quite popular. This option is the payment of credit card dues, through NEFT,

This facility is available from any bank that has enabled the NEFT capability on its Internet banking facility.

The following are to be kept handy, while initiating a NEFT Transaction, for payment of credit card dues.

Name of Destination Bank Compulsory

Destination Branch Compulsory

Type of Destination Account Credit Card, if the same is available on your bank’s Internet Banking site

Number of Destination Account Your 16-digit credit card number(double check this number, wrong mentioning of the number, might lead to credit’s to your enemy’s credit card!!

Transaction Code 52

IFSC Code Compuslory. This will be provided by your Card Issuer, on the Credit card statement, or be available on the Banks website.

IFSC’s for Credit Card transactions, sourced from the Bank’s Websites/Internet are provided here.

Many major Credit Card Issuers viz., Andhra Bank, State Bank of India, have not yet joined this payment mode.

Name of the Bank	NEFT IFSC Code for Credit Card Dues
AXIS BANK	NEFT IFSC Code for Axis Bank Credit Card Dues-- UTIB0000400
VIJAYA BANK	NEFT IFSC Code for VIJAYA BANK Credit Card Dues – VIJB0009020
HDFC BANK LTD.	NEFT IFSC Code for HDFC BANK LTD.Credit Card Dues— HDFC0000240
BANK OF INDIA	NEFT IFSC Code for BANK OF INDIA Credit Card Dues— BKID0000101
CANARA BANK	NEFT IFSC Code for CANARA BANK Credit Card Dues – CNRB0001912
THE BANK OF RAJASTHAN LTD	NEFT IFSC Code for THE BANK OF RAJASTHAN LTD Credit Card Dues -- BRAJ0004430
ICICI BANK	NEFT IFSC Code for ICICI BANK Credit Card Dues – ICIC0000103
DEUTSCHE BANK	NEFT IFSC Code for DEUTSCHE BANK Credit Card Dues – DEUT0784PBC
BARCLAYS BANK	NEFT IFSC Code for BARCLAYS BANK Credit Card Dues – BARC0INBBIR
KOTAK MAHINDRA BANK	NEFT IFSC Code for KOTAK MAHINDRA BANK Credit Card Dues – KKBK0000958
ABN AMRO BANK	NEFT IFSC Code for ABN AMRO BANK Credit Card Dues – ABNA0200001
STANDARD CHARTERED BANK	NEFT IFSC Code for STANDARD CHARTERED BANK Credit Card Dues – SCBL036001

Remember:

Choosing a wrong IFSC code will result in delay or cancellation of your funds transfer.

You need to make your credit card payment at least two business days before the due date.

The terms and conditions of the Internet banking facility of your bank will apply.

The NEFT facility is subject to the rules and guidelines of Reserve Bank of India, as applicable from time to time.

Tips to ensure that the Credit Card Dues remitted by your, through NEFT reach safely:-

• Initiate an initial transaction of Rs.100/-
• After 48 hours, call up the customer care number, of your Credit Card Issuer, and conform, the receipt of the funds
• Once the initial test transaction is successful, preserve the details.
• The same details to be used for every NEFT funds transfer to your credit card.
• After every NEFT funds transfer to your credit card, mail the details with the NEFT Reference Number, to the customer care email id of your Credit Card Issuer, with a request to conform receipt of the funds.

Spread the Joy of ePayments amongst your friends, relatives.

CAUTION: THE ABOVE GUIDELINES is for informational purposes only. I make no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.