Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
There are several benefits of paying your credit card bill on time, low interest rates, improved credit score, and no late payment penalties. You're also viewed as a responsible borrower by potential lenders, increasing your chances of getting other lines of credit.
Now, Citibank provides various payment modes to make sure you never miss your payment. You can also use other bank accounts to pay your Citibank card dues.
When your due date is just a day away, online payment channels can work in your favour. That's why, Citibank offers several modes to clear your dues. Listed below are the payment modes you can use if you have a Citibank account.
Set up a standing instruction to clear your dues without having to remember your due date. You will have to log in to the Citi online banking portal with your user ID and IPIN. You can create a standing instruction for the total amount due or minimum amount due. This will be debited from your account and credited to your Citibank credit card.
To make payments through this channel, you will have to visit m.citibank.co.in on your mobile phone. Follow the instructions and pay your credit card bill.
This is one of the easiest ways to pay your card dues. All you have to do is log in to the online banking portal with your user ID and IPIN. Then, go to 'Banking' and select 'Pay Credit Card Bill'. This should initiate the payment process.
To make the payment process more convenient, Citibank lets you clear your dues through other bank accounts as well. Check out all the payment channels below.
You will have to add your card as a payee to clear bills using the NEFT facility. Here's how you can get started:
For payments via RTGS, you will have to provide the below information:
There are two ways you can use E-Pay with other bank accounts,on the Citibank website and via other bank's website.
It should take two working days for the amount to be credited to your card account.
Do note that this option is only available at certain banks, namely HDFC Bank, Yes Bank, ING Vysya Bank, IndusInd Bank, and State Bank of India. The processing time will differ from bank to bank.
You can have funds credited to your account automatically from your bank account with the Automated Clearing House facility.
Choose the VMT option when you want to clear your Citibank Visa card bill from another bank account. This is exclusively for Visa credit cards. The processing time differs from bank to bank, but it usually takes two to four working days for the amount to reflect in your Citibank card account.
Log in to the online banking portal of your chosen bank, choose your Citibank card as a biller, and proceed to make the payment.
The payment processing time for the various methods of bill payment for Citibank credit cards are as follows:
| Payment Method | Processing Time |
|---|---|
| Standing instructions | Instant credit |
| Citi Mobile | Instant credit |
| E-Pay | Two working days, excluding Saturdays and Sundays |
| NEFT | Instant credit |
| RTGS | Instant credit |
| IMPS | Instant credit |
| ECS/AHS | Credited on payment due date |
| Card payment from other bank websites | Three working days excluding Saturdays and Sundays |
Your CitiBank credit card statement will provide the following information:
The credit card statement is sent every month to your registered email address or postal address, depending on which mode of communication you have opted for.
It is important to go through the credit card statement in detail and report to the bank if there are any fraudulent transactions or discrepancies in the statement in order to correct or resolve the issue.
You will have to visit Citibank's official website and look for the list of banks that can access the E-Pay service. Currently, 48 major banks in India offer this facility.
No. This service is free of cost.
If you have made the transaction before 5:00 pm, the funds will be credited to your credit card account by the end of day. However, if you have made the transaction after 5:00 pm, the funds will be transferred the next working day. Any fund transfer requests made on non-working days will get transferred on the next working day.
If you have transferred money to your Citi credit card, you will not be charged anything by Citibank. Most banks also offer this facility without levying any fees. However, you should get in touch with your bank and ask them if there are any applicable charges you should be aware of.
RTGS is used for large value transactions. While there is no upper limit for your transaction amount, the minimum you can transfer is Rs.2 lakh.
Yes. For outward transactions of Rs.2 lakh to Rs.5 lakh, you will be charged up to Rs.30 for each transaction. If your transaction amount exceeds Rs.5 lakh, you will be charged up to Rs.55 for each transaction. There are no charges for inward transactions.
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