YES Bank is a well-known name in the banking sector of India and has millions of customers across the country as well as abroad. The bank provides many products and services for its customers including credit cards that are issued to retail and corporate customers. 

Cardholders can make the payment for these credit cards through online or offline modes at their discretion. One of the most common modes of making the payment for credit cards in today’s age is through NEFT. 

NEFT refers to the National Electronic Funds Transfer which is one of the many modes of funds transfers through net banking or mobile banking. The facility for funds transfers under NEFT is available 24x7 from 2019. The funds are transferred within 3 banking hours or the next day if the funds are transferred after banking hours.

Additional Reading: CIBIL™ Score required for Yes Bank Credit card

Step-by-step Guide to Pay YES Bank Credit Card Payments via NEFT

The process for transfer through NEFT is detailed below.

  • First and foremost, the cardholder needs to register the YES bank Credit Card as a payee under the ‘Funds Transfer’ option. This includes adding the IFSC code for YES Bank Credit Cards which is ‘YESB0CMSNOC’
  • The credit card payment can be made after the initial cooling period which is usually 30 minutes.
  • Cardholders will have to log in to their internet banking or mobile banking account using valid login credentials.
  • After this, they will have to select the ‘funds transfer’ option to proceed.
  • The cardholder will have to select the YES BANK Credit card as beneficiary and add the amount to be paid towards credit card dues. 
  • After confirming all the details, the cardholder will have to click on submit and the payment will be done.
  • The acknowledgement for the same will be sent to the registered mobile number of the cardholder and their registered email id.

Final Thoughts

YES Bank is a leading private sector bank offering multiple types of credit cards for retail and corporate customers. The credit cards of the bank provide comfortable credit limits based on the credit profile of the cardholder and lender guidelines. The interest rate on these cards is higher than business loans and personal loans.