{"id":11345,"date":"2024-06-28T01:25:48","date_gmt":"2024-06-27T19:55:48","guid":{"rendered":"https:\/\/razorpay.com\/learn\/?p=11345"},"modified":"2025-03-21T17:02:29","modified_gmt":"2025-03-21T11:32:29","slug":"credit-card-payment-through-neft","status":"publish","type":"post","link":"https:\/\/razorpay.com\/learn\/credit-card-payment-through-neft\/","title":{"rendered":"Credit Card NEFT Payment: Credit Card Payment Through NEFT"},"content":{"rendered":"<p dir=\"ltr\" data-pm-slice=\"1 1 []\">If you are looking for a secure, convenient, and cost-effective way to pay your credit card bills, you might want to consider using <a href=\"https:\/\/razorpay.com\/learn\/neft\/\">National Electronic Funds Transfer<\/a> (NEFT) &#8211; a payment system that allows you to make electronic transfers from one bank account to another. Let&#8217;s discuss how you can use NEFT to make credit card payments and why it is a smart choice for managing your financial transactions efficiently.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d721b0c7921\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d721b0c7921\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/razorpay.com\/learn\/credit-card-payment-through-neft\/#Entities-Involved-in-NEFT\" >Entities Involved in NEFT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/razorpay.com\/learn\/credit-card-payment-through-neft\/#Steps-to-Make-Credit-Card-Payment-Using-NEFT\" >Steps to Make Credit Card Payment Using NEFT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/razorpay.com\/learn\/credit-card-payment-through-neft\/#Why-Make-Credit-Card-Payments-Through-NEFT\" >Why Make Credit Card Payments Through NEFT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/razorpay.com\/learn\/credit-card-payment-through-neft\/#Frequently-Asked-Questions\" >Frequently Asked Questions<\/a><\/li><\/ul><\/nav><\/div>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Entities-Involved-in-NEFT\"><\/span><span data-text-color-mark=\"rgb(14, 16, 26)\">Entities Involved in NEFT<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">The entities involved in NEFT are:<\/span><\/p>\n<ul dir=\"ltr\">\n<li>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">The\u00a0<\/span><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">sender<\/span><\/strong><span data-text-color-mark=\"rgb(14, 16, 26)\">\u00a0or the\u00a0<\/span><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">payer<\/span><\/strong><span data-text-color-mark=\"rgb(14, 16, 26)\"> who initiates the <a href=\"https:\/\/razorpay.com\/learn\/transfer-funds-neft\/\">NEFT transfer<\/a>\u00a0from his or her bank account.<\/span><\/p>\n<\/li>\n<li>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">The\u00a0<\/span><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">beneficiary<\/span><\/strong><span data-text-color-mark=\"rgb(14, 16, 26)\">\u00a0or the\u00a0<\/span><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">payee<\/span><\/strong><span data-text-color-mark=\"rgb(14, 16, 26)\">\u00a0who receives the NEFT transfer in his or her bank account.<\/span><\/p>\n<\/li>\n<li>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">The\u00a0<\/span><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">originating bank<\/span><\/strong><span data-text-color-mark=\"rgb(14, 16, 26)\">\u00a0is the sender&#8217;s bank, where the NEFT transfer is initiated.<\/span><\/p>\n<\/li>\n<li>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">The\u00a0<\/span><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">destination bank<\/span><\/strong><span data-text-color-mark=\"rgb(14, 16, 26)\"> is the beneficiary&#8217;s bank, where the NEFT transfer is credited.<\/span><\/p>\n<\/li>\n<li>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">The\u00a0<\/span><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">clearing house<\/span><\/strong><span data-text-color-mark=\"rgb(14, 16, 26)\"> is the central authority that processes and settles the credit card NEFT payment.\u00a0In India, the clearing house is the Reserve Bank of India (RBI).<\/span><\/p>\n<\/li>\n<\/ul>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Steps-to-Make-Credit-Card-Payment-Using-NEFT\"><\/span><span data-text-color-mark=\"rgb(14, 16, 26)\">Steps to Make Credit Card Payment Using NEFT<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">To make a credit card payment through NEFT, you need to follow these steps:<\/span><\/p>\n<h3 dir=\"ltr\"><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">Step 1: Register your credit card as a beneficiary<\/span><\/strong><\/h3>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">Log in to your net banking and add your credit card as a beneficiary for the NEFT transfer. You need to provide the following details:<\/span><\/p>\n<ul dir=\"ltr\">\n<li>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">Beneficiary name: The name of your credit card issuer.<\/span><\/p>\n<\/li>\n<li>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">Beneficiary account number: This is your 16-digit credit card number<\/span><\/p>\n<\/li>\n<li>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">Beneficiary bank name: The name of the bank that issued your credit card<\/span><\/p>\n<\/li>\n<li>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">Beneficiary branch name: The branch name where your credit card account is maintained.<\/span><\/p>\n<\/li>\n<li>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">IFSC code: The Indian Financial System Code is an 11-digit code that identifies the bank and branch of the beneficiary. You can find the <a href=\"https:\/\/razorpay.com\/blog\/decoding-ifsc-codes-meaning-importance\/\">IFSC code<\/a> on your credit card statement or the website of your credit card issuer.<\/span><\/p>\n<\/li>\n<\/ul>\n<h3 dir=\"ltr\"><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">Step 2: Initiate the NEFT transfer<\/span><\/strong><\/h3>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">Select the credit card that you have registered as a beneficiary and enter the following details:<\/span><\/p>\n<ul>\n<li>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">The amount you wish to pay towards your credit card bill.<\/span><\/p>\n<\/li>\n<li dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">Any optional remarks that you want to add for your reference.<\/span><\/li>\n<\/ul>\n<h3 dir=\"ltr\"><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">Step 3: Confirm the NEFT transfer<\/span><\/strong><\/h3>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">After entering the details, you need to confirm the NEFT transfer by entering your transaction password or OTP (one-time password) received on your registered mobile number or email ID along with a <a href=\"https:\/\/razorpay.com\/learn\/what-is-utr-number\/\">unique transaction reference<\/a> number. You can use this number to track the status of your NEFT transfer.<\/span><\/p>\n<h3 dir=\"ltr\"><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">Step 4: Check the credit card statement<\/span><\/strong><\/h3>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">The NEFT transfer will be processed and settled by the clearing house within the same or the next working day, depending on the time of initiation. Check your credit card statement online or offline to verify that the NEFT transfer has been credited to your account.<\/span><\/p>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">Some additional tips or precautions for a successful NEFT transfer are:<\/span><\/p>\n<ul dir=\"ltr\">\n<li>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">Ensure the details are correct. Any mistake in these details can result in a failed or delayed transaction or a wrong credit to another account.<\/span><\/p>\n<\/li>\n<li>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">Make sure that you initiate the credit card payment by NEFT\u00a0well before the due date of your credit card bill to avoid any late payment charges or interest. The NEFT transfer may take up to one or two working days to reflect in your credit card account, depending on the clearing cycle and <a href=\"https:\/\/razorpay.com\/learn\/bank-holidays-list-india\/\">bank holidays.<\/a><\/span><\/p>\n<\/li>\n<li>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">Ensure you have enough sum in your bank account to cover the NEFT transfer amount. If your account has insufficient funds, the NEFT transfer will be rejected, and you may incur a penalty from your bank.<\/span><\/p>\n<\/li>\n<\/ul>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Why-Make-Credit-Card-Payments-Through-NEFT\"><\/span><span data-text-color-mark=\"rgb(14, 16, 26)\">Why Make Credit Card Payments Through NEFT<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">There are many advantages of using NEFT for credit card payments, such as:<\/span><\/p>\n<ul dir=\"ltr\">\n<li>\n<p dir=\"ltr\"><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">Convenience<\/span><\/strong><span data-text-color-mark=\"rgb(14, 16, 26)\">: You can make NEFT transfers anywhere and anytime using your online banking account or mobile banking app. You do not need to visit the bank branch or the <a href=\"https:\/\/razorpay.com\/learn\/what-is-atm\/\">ATM<\/a>, write cheques, or demand drafts to pay your credit card bills.<\/span><\/p>\n<\/li>\n<li>\n<p dir=\"ltr\"><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">Flexibility<\/span><\/strong><span data-text-color-mark=\"rgb(14, 16, 26)\">: You can make NEFT transfers to any credit card, regardless of the bank or the <a href=\"https:\/\/razorpay.com\/learn\/what-is-a-card-network\/\">card network<\/a>. You can also make NEFT transfers to multiple credit cards using the same bank account.<\/span><\/p>\n<\/li>\n<li>\n<p dir=\"ltr\"><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">Cost-effectiveness<\/span><\/strong><span data-text-color-mark=\"rgb(14, 16, 26)\">: You do not have to pay extra charges or fees for making NEFT transfers to your credit card. NEFT is a free service offered by most banks in India. You can save on the postage or courier charges incurred for sending cheques or demand drafts to your credit card issuer.<\/span><\/p>\n<\/li>\n<li>\n<p dir=\"ltr\"><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">Security<\/span><\/strong><span data-text-color-mark=\"rgb(14, 16, 26)\">: NEFT is a secure and reliable payment system, as the RBI regulates it and uses encryption and authentication structures to ensure the safety and integrity of the transactions. You also get a confirmation message and a transaction reference number for every credit card payment NEFT transfer, which you can use to track and verify the transaction.<\/span><\/p>\n<\/li>\n<li>\n<p dir=\"ltr\"><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">Savings or rewards<\/span><\/strong><span data-text-color-mark=\"rgb(14, 16, 26)\">: You can also enjoy some potential savings or rewards by using NEFT for credit card payments, such as:<\/span><\/p>\n<ul dir=\"ltr\">\n<li>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">Earn reward points or cashback if your bank offers any incentives for using NEFT as a payment mode for your credit card.<\/span><\/p>\n<\/li>\n<li>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">By using NEFT to pay your credit card bills in foreign currency, you can save on foreign exchange conversion charges and <a href=\"https:\/\/razorpay.com\/blog\/foreign-transaction-fees\/\">international transaction fees<\/a>.<\/span><\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">Choosing NEFT as a payment method for your credit card is a smart decision, as it offers a secure, convenient, and cost-effective way to make electronic payments and manage your financial transactions efficiently. It is also a flexible and universal payment system that can be used for any credit card, irrespective of the bank or the card network.<\/p>\n<p dir=\"ltr\">Related Read: <a href=\"https:\/\/razorpay.com\/learn\/third-party-transactions-transfer-neft-rtgs-imps\/\">What is TPT Transfer in Banking? &#8211; Methods, Limit &amp; Fees<\/a><\/p>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Frequently-Asked-Questions\"><\/span>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 dir=\"ltr\"><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">1. How long will it take for the transaction to be processed via NEFT?<\/span><\/strong><\/h3>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">The credit card payment made through NEFT will be credited to your card account within one working day from the date of payment.<\/span><\/p>\n<h3 dir=\"ltr\"><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">2. How to do credit card payment through NEFT?<\/span><\/strong><\/h3>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">To make credit card payments through NEFT, log in to the digital banking facility of your bank account and select the NEFT option.<\/span><\/p>\n<h3 dir=\"ltr\"><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">3. Are there any charges or fees associated with making credit card payments through NEFT?<\/span><\/strong><\/h3>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">There are no charges or fees levied by the credit card issuer for making credit card payments through NEFT via net banking or mobile banking.\u00a0<\/span><\/p>\n<h3 dir=\"ltr\"><strong><span data-text-color-mark=\"rgb(14, 16, 26)\">4. What information is required to make a Credit Card NEFT Payment?<\/span><\/strong><\/h3>\n<p dir=\"ltr\"><span data-text-color-mark=\"rgb(14, 16, 26)\">To make a credit card NEFT payment, you need your 16-digit credit card number, bank and branch name, and the IFSC code of your credit card issuer.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are looking for a secure, convenient, and cost-effective way to pay your credit card bills, you might want to consider using National Electronic Funds Transfer (NEFT) &#8211; a payment system that allows you to make electronic transfers from one bank account to another. Let&#8217;s discuss how you can use NEFT to make credit<\/p>\n","protected":false},"author":151156506,"featured_media":11347,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1387],"tags":[3865,3866],"class_list":{"0":"post-11345","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-payments","8":"tag-credit-card-neft-payment","9":"tag-credit-card-payment-through-neft"},"_links":{"self":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/11345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/users\/151156506"}],"replies":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/comments?post=11345"}],"version-history":[{"count":9,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/11345\/revisions"}],"predecessor-version":[{"id":16571,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/11345\/revisions\/16571"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/media\/11347"}],"wp:attachment":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/media?parent=11345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/categories?post=11345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/tags?post=11345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}