Step-by-Step Guide to Paying Credit Card Bills Via NEFT

The payment for SBI credit cards can be made through many available payment modes like internet banking, cheque payment, etc. The payment through net banking can be done through NEFT or RTGS or IMPS modes. 

NEFT (National Electronic Funds Transfer) is a quick, secure and easier way to make payments for credit cards or any other requirement of the cardholder. The process to make payment through NEFT is mentioned below.

  • The first step is to log in to the net banking account of the cardholder.
  • The cardholder will have to add SBI Card as a beneficiary under third party transfer.
  • The IFSC code for paying SBI Credit card is SBIN00CARDS and the beneficiary account type to be selected is ‘Credit Card Payment’ or ‘Savings Account’.
  • The bank name to be filled is SBI Credit Card – NEFT and the address is Payments Systems Group, State Bank GITC, CBD Belapur, Navi Mumbai.
  • After filling in the above details, the registration process for NEFT payment of credit card will be completed. 
  • Following this, the cardholder will make the payment for the credit card dues using the NEFT mode. 
  • The payment of the credit card amount will be credited within 3 banking hours in the SBI Credit Card account.

Additional Reading: Sbi Credit Card Online Payment

About SBI Credit Cards

SBI is the topmost bank in the country in terms of asset and market share. The credit cards of the bank are among the most popular credit cards in India and are of many types that cater to the various segments of banking like retail or corporate customers. These credit cards offer interest-free credit for the defined period depending on the nature of the card and many other attractions like rewards, fuel surcharge waivers, travel and shopping benefits, etc. 

The payment for the credit cards has to be made before the due date of the card to avoid penal interest on the amount due as well as the risk of falling into a debt trap. The cardholder has to make the payment of the entire amount due for every credit cycle or payment for the minimum amount due to maintaining the credit.  

Additional Reading: How To Pay An Sbi Credit Bill Online

Final Thoughts 

SBI credit cards are among the most popular and profitable products of the bank having millions of customers. Credit cards are a way of life in today’s world and also help in building the credit score and credit profile of the cardholder which is an essential factor of consideration while getting any loan. SBI credit cards can be paid through online or offline modes as per the convenience of the cardholder.