Santa Claus comes around just once a year. In the meantime, there are Credit Cards.

IOB Credit Card Bill Payment

Indian Overseas Bank (IOB) credit card users can use any one of the online and offline methods to pay their card bills on time.

IOB typically sends credit card statements generated on 20th of every month to the registered e-mail ID or by ordinary post. The statement clearly indicates the total outstanding due on the card, minimum amount due, and the payment due date.

Failure to pay at least the minimum amount due on the IOB credit card would result in late payment charges. Typically, IOB charges Rs.100 as late payment fee. To avoid paying additional charges on your credit card make sure you pay the bill amount or at least the minimum amount due on or before the due date.

Listed below are different methods through which you can make your IOB credit card bill payment.

Methods To Pay IOB Credit Card Bill Online

  • IOB net banking
  • NEFT funds transfer
  • Auto Debit
  • Through UPI app
  • Through Paytm app

Methods To Pay IOB Credit Card Bill Offline

  • Cash payment
  • Cheque payment

Let's look at each method in detail

Pay IOB Credit Card bill through Internet Banking

Existing IOB accountholders, either savings or current, can utilise the IOB net banking facility to pay their credit card bill online. However, in order to use the facility, you must have registered your IOB bank account for the online banking facility.

Once you have access to IOB internet banking, follow the steps to pay your credit card bill.

  • Login to your IOB internet banking account
  • Find'Credit Card Bill Payment' option
  • Choose between'Total Amount Due' or'Minimum Amount Due' or'Other amount'
  • Click on'Confirm' to process the payment.

Your IOB bank account will get debited with the bill amount instantly while your credit card account gets credited simultaneously.

Pay IOB Credit Card bill through Neft

NEFT funds transfer is another online bill payment method that allows non-IOB customers to make credit card payment online. You must have a savings/current account with any other bank and the associated net banking account to initiate NEFT funds transfer to your IOB credit card.

The following steps would help you make your IOB credit card bill payment through NEFT.

  • Login to the net banking account of your savings/current account
  • Select'Funds Transfer > NEFT Funds Transfer'
  • Add IOB credit card as beneficiary using the following details
IFSC Code for IOB credit card payment IOBA0009043

Bank Name

Indian Overseas Bank

Branch Address

763, Central office complex, Anna Salai, Chennai

Account Number

16-digit IOB credit card number

Account Holder Name

IOB credit card holder name

  • Once the beneficiary is added, re-visit the'Funds Transfer' option
  • Select IOB credit card, enter the bill amount and click on'Pay'

NEFT bill payment typically gets credited within the same day or on the following day based on your payment time and the bank's clearance time.

Pay IOB Credit Card Bill Through'auto-debit' Facility

Another option which is often preferred by most IOB credit cardholders is the auto debit facility. The auto debit option requires you to enroll for the facility while applying for the credit card or after receiving it.

You can enroll for the facility either through your net banking account or by submitting a written request to the bank.

Check with IOB for the auto-debit form or your net banking account to enroll for the auto debit facility. While subscribing for the facility, you will find an option to choose the payment date, minimum amount due or total amount due, and other such options.

Once you're enrolled, the credit card bill amount will be debited from your savings account on the same day every month as preferred.

Pay IOB Credit Card Bill Through UPI App

If you're using the BHIM/UPI app and have linked your savings/current bank account with the app, you can pay your IOB credit card bill through the UPI app.

Follow the steps provided here to make the payment.

  • Login to your UPI app
  • Under'Transfer Money' option, click on'Send'
  • Select'A/C IFSC'
  • Select'Indian Overseas Bank' from the list of banks
  • Enter IFSC code - IOBA0009043 for IOB Credit Card Payments
  • Enter credit cardholder name under'Beneficiary Name'
  • Enter 16-digit IOB credit card number under the account number
  • Confirm the card number and click on'Send'

The payment would be initiated as soon as you click on send and you will receive a notification once your IOB credit card account gets credited with the amount.

Pay IOB Credit Card Bill Through Paytm App

Paytm mobile app users can pay IOB credit card bills without any hassle. Paytm offers various options through which you can make the payment such as Paytm balance, from saved cards, using BHIM UPI ID, or net banking account.

Bill payments towards all Visa, MasterCard, Amex and Diners credit cards issued by all major banks are being accepted by Paytm.

These instructions would help you pay your IOB credit card bill through Paytm.

  • Login to your Paytm app
  • Click on'Credit Card'
  • Enter your Credit Card number
  • Select card issuer
  • Enter the bill amount
  • Click on'Proceed'
  • Select the payment mode -'Paytm Balance' or'Saved Cards' or'BHIM UPI' or'Net Banking'
  • You will be redirected to the respective payment interface to continue your payment
  • Enter the required information to process the payment

Based on your source, the payment processing time would vary.

Pay IOB Credit Card Bill Through Cheque

Under offline payments, one of the payment methods for IOB credit card bill payment is the cheque payment.

To make your credit card payment through cheque, you need to draw a cheque in favour of IOB credit card account and drop it in any of the cheque drop boxes or visit the bank's branch office to submit the same.

Make sure to write your name and mobile number on the flipside of the cheque.

Pay IOB Credit Card Bill Through Cash

If you're located close to any one of IOB bank branches, you can directly visit the branch office to make your credit card payment.

Once you're at the branch office, fill the cash deposit slip with the required details and hand it over the counter with the credit card bill amount.

You will get an acknowledgement slip for the payment and the same can be used to track your payment status.

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