Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
To maintain a stellar credit score and avoid late payment fees, it's important you pay your credit card bill on time. That's why, IndusInd Bank has several payment modes to make the process easier. You can clear your credit card bill with IndusInd accounts and other bank accounts as well. Below are the various online and offline methods you can consider:
Below you'll find a step-by-step guide on how to pay your bill online.
You can clear your card bill through a third-party site like BillDesk. Follow the below steps to conduct a transaction:
With VMT, you can transfer funds from other bank accounts and pay your bill. Listed below are the banks that provide VMT services:
To initiate a NEFT/IMPS/RTGS transaction, you will have to add your IndusInd Bank credit card as a beneficiary. Here's how you can do that:
Once you're done with this process, you can go ahead and start a NEFT/IMPS/RTGS transaction in the following ways:
Do note that IMPS is only available for IMPS live member banks. You also have to make your credit card payment 2 days prior to your due date.
There are several ways you can pay your card bill offline as well. Check out how you can do this below:
NACH, also known as National Automated Clearing House, is a facility that lets you transfer funds electronically from your bank account to your card account. It automatically deducts the amount from your bank account and directs it towards your credit card bill payment. Here's how you opt for the NACH facility:
To ensure your card bill is paid on time, you need to clear the dues three days before the due date. The savings account you choose should either be your sole or joint account with any signing mandate.
It can be difficult remembering your payment due date. That's why, the Auto Debit facility is a handy and convenient feature offered by IndusInd Bank. To use this facility, here's what you have to do:
Make sure the account you nominate is either your sole or joint account with any signing mandate.
You can send a wire transfer from any local branch abroad to pay the outstanding dues on your credit card. IndusInd Bank is part of the SWIFT Organisation (Society for Worldwide Interbank Financial Telecommunication) and works with more than 250 of the world's top banks.
To initiate a SWIFT transfer, follow the steps below:
This process may take 24 to 48 hours from the time you have sent the request. Do note that your local bank may charge for a wire transfer.
You also have the option to pay your IndusInd Bank credit card bill with a cheque or a draft. More details below:
Once you have done this, you can drop the cheque/draft at any of the IndusInd Bank ATMs. Do not deposit post-dated cheques and make sure you submit them 4 days before the due date.
You can make your credit card bill payment with cash at any of the IndusInd Bank branches. All you have to do is quote your 16-digit card number and pay a fee of Rs.100. Check out the list of cities that offer card payments at the branch:
If you don't pay your credit card before the due date, you will be charged a late payment fee by the bank. Depending on your outstanding balance, IndusInd Bank will levy a fee. For instance, if your outstanding balance is above Rs.10,000, you will be charged Rs.700 as late payment fees.
Late payments also reflect in your credit report and will negatively impact your CIBIL score as well.
No. This is because you don't have money on your credit card. What you get is access to a line of credit, which is money you borrow and then owe the bank. To pay your credit card bill, the funds will have to be debited from your savings account or current account.
Yes. You can pay your credit card bill with cash. All you have to do is visit your bank's branch and tell them your credit card number. IndusInd charges Rs.100 as payment fees.
While some banks are open 365 days from 8:00 am to 8:00 pm, most branches will have different working days and timings. Check if your branch offers these services.
No, you cannot. However, you can pay your card bill at an ATM by debiting the funds from your bank account. You will have to choose your IndusInd Bank account and enter your credit card number as the beneficiary to process the payment. Alternatively, you can make cash payments at your local branch.
For starters, it takes around 24 to 48 hours for the funds to reach IndusInd Bank's account once you place a wire transfer request. As soon as the funds are in the account, it takes 24 banking hours for your payment to get processed. You should also be aware of the fees you may be charged for a wire transfer.
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