Paying your credit card bill on time is important. You can avoid late payment fees as well as maintain your credit score. Ratnakar Bank Limited (RBL) offers simple and smart methods of bill payment for your convenience. Take a look at the different ways of paying your RBL credit card bill to choose one that works best for you.
Credit Card Bill Payment
Pay your RBL credit card bill through NEFT using any bank's account. NEFT allows instant payment with same-day payment acknowledgment.
This mode of payment is applicable for RBL account holders. Limit release and payment acknowledgement will be processed the next day.
You can set up auto debit from your RBL Bank savings account to make timely payments each month. Existing RBL Bank savings account holders can make their card payments through standing instructions.
If you are not comfortable making online payments, you can pay your card bill through the following offline methods:
If you don't pay your bill on time, you will be charged a late payment fee. RBL Bank charges a late payment fee of 15% of the total outstanding amount. The minimum amount you will be charged for late payment is Rs.50, and the maximum is Rs.1,000.
Payment update and limit release depend on the method of payment. In case of NEFT payment, the payment is updated on the same day. For internet banking, payment details are updated the next day.
RBL Bank does not offer card bill payment through ATM. However, you can pay through any of the online or offline payment channels mentioned above.
No, most payment channels do not incur a transaction fee. Having said that, if you pay through cash, you will be charged Rs.250 plus GST.
Paying off the outstanding dues on your card bi-monthly does not have a negative impact on your credit score. This method of payment can help in bringing down your credit utilisation ratio.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.