Credit Card Payment Through NEFT

Posted on Wednesday, May 14th, 2025 | By IndusInd Bank

Managing your credit card payments efficiently is crucial to maintaining a good credit score and avoiding unnecessary interest charges. While several payment methods are available, NEFT (National Electronic Funds Transfer) is one of the most reliable and widely used options for credit card bill payments in India. It allows you to transfer funds from your bank account to your credit card issuer securely and conveniently.

In this guide, we’ll walk you through the process of making credit card payments via NEFT, discuss its advantages, and explain why it’s a preferred choice for many cardholders.

Steps to Make Credit Card Payment Using NEFT

Paying your credit card bill through NEFT is a simple process. Here’s a step-by-step guide to help you make the payment seamlessly:

Step 1: Add Your Credit Card as a Beneficiary

Before initiating an NEFT transaction, you must add your credit card as a beneficiary in your bank’s internet banking or mobile banking portal. Here’s how:

1. Log in to Your Bank Account: Access your net banking or mobile banking app.
2. Go to the ‘Add Beneficiary’ Section: Navigate to the section where you can add new beneficiaries for fund transfers.
3. Select ‘Other Bank’ as the Beneficiary Type: Since your credit card issuer might be different from your bank, choose the appropriate option for external bank transfers.
4. Enter Beneficiary Details: You’ll need to provide the following details.
   1. Beneficiary Name: Your name as it appears on the credit card.
   1. Bank Name: The bank that has issued your credit card.
   1. IFSC Code: Use the IFSC code of your credit card issuing bank’s NEFT payment branch (usually available on the bank’s website).
   1. Account Number: Your credit card number serves as the account number for NEFT payments.
5. Submit and Wait for Activation: Banks typically take a few hours to 24 hours to activate a new beneficiary. You will be notified once the beneficiary is successfully added.

Step 2: Initiate an NEFT Transaction

Once the beneficiary is activated, follow these steps to make the payment:

1. Log in to Your Net Banking/Mobile Banking Account.
2. Go to the ‘Fund Transfer’ Section and Select NEFT.
3. Choose Your Credit Card Beneficiary.
4. Enter the Payment Amount: Ensure you enter the correct bill amount to avoid penalties or outstanding balances.
5. Select Your Bank Account: Choose the account from which you wish to make the payment.
6. Review and Confirm: Double-check all the details, including the credit card number and IFSC code, to prevent errors.
7. Authenticate the Transaction: Complete the payment using OTP or transaction password, depending on your bank’s security protocols.

Step 3: Check for Payment Confirmation

After the transaction, you will receive a confirmation message from your bank and the credit card issuer. NEFT transactions typically take up to 24 hours to reflect, though many payments are processed within a few hours.

Why Make Credit Card Payments Through NEFT?

NEFT is a preferred mode of credit card bill payment due to its numerous advantages:

1. Secure and Reliable

NEFT payments are processed through RBI-regulated banking channels, making them highly secure. Unlike cash payments, which require visiting a branch, NEFT ensures a hassle-free online payment experience.

2. Convenience of Paying from Any Bank Account

With NEFT, you can pay your credit card bill from any bank account, even if your credit card is from a different bank. This flexibility is beneficial for individuals who hold multiple accounts.

3. No Transaction Limit on Payments

Unlike some other payment methods, NEFT does not impose stringent limits on transaction amounts, allowing you to make high-value payments as needed.

4. 24×7 Accessibility via Internet and Mobile Banking

Most banks now offer 24×7 NEFT services, meaning you can pay your credit card bill anytime, including weekends and bank holidays.

5. Cost-Effective

Many banks offer zero or minimal transaction charges for NEFT payments, making it an economical option compared to other payment methods that may involve higher fees.

6. Helps Maintain a Good Credit Score

Timely payments through NEFT ensure that your credit card bill is cleared before the due date, preventing late fees and improving your credit score.

7. Ideal for High-Value Payments

If you need to pay a large credit card bill, NEFT is a better option than UPI or debit card payments, which often have lower transaction limits.

Also Read: Best Credit Cards in India 2025

Conclusion

NEFT is a safe, reliable, and convenient way to pay your credit card bill from any bank account in India. By following a few simple steps, you can ensure timely payments while enjoying benefits such as flexibility, security, and cost savings.

If you frequently pay high-value credit card bills or prefer a direct bank transfer method, NEFT is one of the best choices. Always make your payments well before the due date to avoid late fees and maintain a strong credit score. By staying informed and using efficient payment methods like NEFT, you can manage your credit card bills effortlessly and stay on top of your financial health.