Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
With the increasing number of credit card users, banks are offering multiple channels to make credit card payments so that customers can choose one based on their convenience. Of late, the online credit card bill payment modes have gained more popularity than the traditional methods that include paying at the bank branch offices, dropping cheques, etc. Of all the available online payment options, credit card bill payment through IMPS/NEFT is a commonly used method, especially when the payment is made from another bank account.
Axis Bank allows its customers to make Axis Bank Credit Card bill payments through IMPS or NEFT. If you have an internet banking account for your savings/current account from which you would like to make the payment, transferring the money to your Axis Bank credit card account is a few clicks away. Let’s look at the detailed process of making Axis Bank credit card payment through IMPS or NEFT.
Immediate Payment Service or IMPS is the instant fund transfer facility provided by the banks to transfer funds among partner banks. As the name suggests, fund transfers or bill payments made using IMPS are instant and will be done even on bank holidays. Hence, whenever you’re making your credit card bill payment on the due date, the IMPS facility would help clear the dues instantly.
In order to pay your Axis Bank credit card bill through IMPS, you primarily need to have internet banking or net banking account for your savings or current account from which you wish to make credit card payment. Once you have access, you can follow the instructions below to pay your Axis Bank credit card bill through IMPS.
Once you have submitted the request to add Axis bank credit card as beneficiary, it typically takes 30 minutes to update and active beneficiary details in your account. Once the beneficiary is added to your account, you will receive a message on your registered mobile number saying that the payee has been added successfully and you can transfer funds.
Once the beneficiary is active you can make credit card payment by following the steps below.
The bill amount will be instantly credited to your Axis Bank Credit Card. You will receive a message from Axis Bank on your registered mobile number regarding your credit card bill payment.
NEFT or National Electronic Funds Transfer is another popular method for credit card bill payment. The facility allows savings and current account holders of a bank to transfer funds to other banks across the country. Funds transfer through NEFT will be processed batch-wise with a limited number of batches per day. The facility is available only on bank working days and within banking hours. Funds will be cleared based on the time at which the request has been made.
NEFT can be done online using the internet banking account as well as offline by directly visiting the bank’s branch office at which you maintain your savings/current account.
In order to make Axis Bank credit card bill payment through NEFT, you need to have internet banking access to your savings or current account from which you wish to make payment. The process of payment through NEFT online is almost similar to making payment through IMPS. The instructions below will help you make Axis Bank credit card payment through NEFT online.
Steps To Pay Axis Bank Credit Card Bill Through NEFT Online
Once you have submitted the request to add Axis bank credit card as payee or beneficiary, it typically takes 30 minutes to update and active beneficiary details in your account. Once the beneficiary is added to your account, you will receive a message on your registered mobile number saying that the payee has been added successfully and you can now transfer funds.
Once the beneficiary is active, you can make credit card payment by following the steps below.
Your NEFT funds transfer request will then be initiated. You will get a transaction number or transaction ID, which can be retained for any future queries. If you have initiated the transaction before working hours, the funds will be cleared in 24 hours, if you have done it in non-banking hours, the transfer will be made after one day. You will receive a message on your registered mobile number once the funds have been transferred. Axis Bank will also send a message when your credit card account gets credited with the payment.
No, IMPS bill payment can be made only through online mode and you must have internet banking account with your bank where you maintain your savings or current account.
The IMPS service is free for payments up to Rs.1,000. Credit card payments above Rs.1,000 will be charged a fee as per the bank’s terms and conditions.
No, you cannot initiate online IMPS or NEFT transfers without adding beneficiary or payee. The bank to which you’re transferring funds or making payments becomes your payee or beneficiary. In this case, your payee or beneficiary would be Axis Bank Credit Card.
Yes, the IFSC code for Axis Bank credit card payments is unique and is different from regular IFSC codes. No matter towards which bank branch you are making payment, you need to use only UTIB0000400 as the IFSC code for Axis Bank credit card payments from any bank. And the bank branch name should always be Mumbai.
After visiting the branch office where your account is maintained, you need to take the NEFT funds transfer form, fill it with all the required details as mentioned above and submit it to the bank along with the amount.
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