SBI Credit Card Payment

Online payment options provided by SBI are fast and easy methods to pay your credit card bills. These include NEFT, Bill Desk, Visa Pay, internet banking, mobile banking, debit card or by setting up standing instruction for auto-debit. Let us discuss these methods in some detail.

SBI Credit Card Bill Payment through NEFT 

• Users can pay SBI credit card bill through any bank account using SBI Credit Card Payment IFSC code
• Follow the standard NEFT procedure that requires the use of credit card account details and IFSC Code
• NEFT is quite a simple and secure method of SBI Bank credit card payment
• You can pay through NEFT using a non-SBI account only

How to Pay SBI Credit Card Bill using NEFT

Follow the steps given below to pay SBI Card bill through NEFT–

Step 1- Login to the netbanking portal of the bank through which you want to make payment
Step 2- Add SBI Card as a third party beneficiary and proceed to pay your credit card bill
Step 3- Enter your 16-digit SBI Card number in place of the account number
Step 4- Write SBI CREDIT CARD – NEFT in the Bank Name section
Step 5- Use SBI Card Bill Payment IFSC code SBIN00CARDS to make the payment
Step 6- Enter the bank address – Payment Systems Group, State Bank GITC, CBD Belapur, Navi Mumbai
Step 7- Submit and Verify to complete the payment

How to Pay SBI Credit Card Bill through RTGS

SBI Card bill payment via RTGS is easy. Users first have to register their SBI Card as a beneficiary at their respective bank. The details will be

• Beneficiary Name – SBI Card
• Beneficiary Bank Name – SBI Credit Card – NEFT
• Beneficiary Branch Address – Payment Systems Group, State Bank GITC, Cbd Belapur, Navi Mumbai
• Beneficiary Account Number – Credit Card Number
• SBI Card Credit Card Bill Payment IFSC Code – SBIN00CARDS

Once the credit card is added to the list of beneficiaries follow the below given steps to make the payment.

Step 1- Login to your net banking portal

Step 2- Head over to fund transfer and then click on RTGS

Step 3- Select the credit card from the list of beneficiaries

Step 4- Enter the amount, must be over Rs. 2.00 lakh

Step 5- Confirm the transaction

SBI Card Bill Payment through PayNet – Pay Online

PayNet-Pay is a special payment option from State Bank of India. Under this, you have to follow the steps mentioned below to make the payment:

• Login to www.sbicard.com using your SBI Card user ID and password
• Click on the ‘Pay Now’ option to go to the SBI Card Bill Desk portal where all card details are pre-filled
• You can either choose to pay the total outstanding amount or minimum amount due or enter any amount as per your wish
• Select the mode of payment – Debit Card or Internet Banking
• Enter the details, verify using OTP received on your registered mobile number and complete the payment

You can also make bill payment without logging into the SBI Card portal.

The amount will be credited instantly into your SBI credit card account. However, if it does not happen instantly, you can track the payment using the transaction reference number received. Click here and go to the track payment tab to check your SBI credit card bill payment status.

SBI Credit Card Bill Payment by Visa Credit Card Pay

This is a payment method which allows you to pay your credit card bills anytime and anywhere. The service can be used through the net banking facility provided by your bank.

• Login to your net banking page and choose the option of “Third Party Funds Transfer“
• After selecting the VISA Credit Card Pay, fill in the sender and receiver details to initiate the fund transfer
• Submit the request and give authorization for the payment
• The amount will reflect in your SBI Card account within 3 working days

SBI Credit Card Payment Using SBI Mobile Banking

Accountholders can make SBI credit card bill payment directly through SBI mobile banking app anytime and from anywhere.

How to Pay SBI Credit Card bills using SBI Mobile Banking

• Register for SBI Mobile Banking on SBI Anywhere app or SBI Yono app (Registration is one-time process only)
• Login using your username and MPIN
• Start with the payment by visiting the bill pay section
• Add SBI credit card in the “Add Biller” section
• Click on View and Pay Bills to make the payment

SBI Credit Card Payment Using National Automated Clearing House (NACH)

National Automated Clearing House (NACH) helps you save a lot of effort as you do not have to issue a cheque each month towards your SBI credit card bill payment. To avail this service, you just need to authorise your SBI credit card to deduct the amount directly from your bank account. It is a great way to save a lot of time and effort.

• To avail the NACH service, download the online form from SBI Forms Centre
• Send the filled form to the address mentioned below:
  SBI Card Payment Services Pvt. Ltd.,
  P.O. Bag No. 28,
  GPO, New Delhi – 110001
• You have to choose one of the three SBI credit card bill payment options
• The three options include Total Amount Due (TAD), Minimum Amount Due (MAD) or Fixed Amount
• The form should be sent along with a cancelled cheque along with the form

SBI Credit Card Bill Payment through Debit Card

This is another secure and fast way to pay your credit card bills. In this service, you can use any of the mentioned debit cards to pay the bills. The cards that you can use are:

• Bank of Maharashtra Debit Card
• Bank of India ATM-cum-Debit card
• Canara Bank ATM-cum-Debit Card
• State Bank of India ATM-cum-Debit Card
• Citibank Debit Card
• Indian Overseas ATM-cum-Debit Card

How to make SBI Credit Card Bill Payment through Debit Card

You have to visit www.sbicard.com to pay through your debit card. Follow the steps mentioned below to make the payment:

• Choose the option “Pay through Debit Card” and enter card details such as card number, amount and email ID
• Put in the authentication information and confirm the payment
• The amount will be deducted from your bank account

SBI Credit Card Bill Payment through SBI Card App

This is yet another popular way of paying SBI credit card bills. It is fast, easy and convenient. The application works on Android, iOS and Windows. The app simply deducts the amount from your bank account as per your instructions.

Steps to Make SBI Credit Card Bill Payment using SBI Card App

Step 1- Download the SBI Card Mobile Banking App and Register/Login on the same (Registration is a one-time process only)
Step 2- Click on “Pay Now” button
Step 3- Select the amount you wish to pay – total outstanding, minimum or another amount
Step 4- Choose a payment method and select your bank. You will be redirected to the bank’s payment interface
Step 5- Confirm your details and pay

SBI Credit Card Bill Payment through UPI (BHIM SBI Pay)

The steps to pay SBI credit card bill through BHIM UPI are:

Registration

Step 1- Download the BHIM SBI Pay from App Store or Google Play store

Step 2- Register using the mobile number

Step 3- Create the Virtual Payment Address (VPA) of choice using SBI handle and link an account with it

Step 4- Set UPI PIN

Step 5- Transact using the BHIM SBI Pay sharing only the Virtual Address

Bill Payment

Step 1- Select Pay by VPA which must be ‘Sbicard.’ followed by ‘16 digit SBI Card number’ and ending with ‘@SBI’. Example: Sbicard.4726420123456789@SBI

Step 2- Enter the amount and click on Go

Step 3- Finally, verify bank account MPIN and click on Submit

Payment Processing Time for the Various Methods

You can also pay SBI credit card bill offline. These payment modes include:

SBI Credit Card Bill Payment Over the Counter (OTC)

• You can make OTC SBI credit card bill payment worth over Rs. 20,000 at any of the SBI branches across India
• You will receive an instant receipt as it is an over the counter payment
• Fill the payment receipt and submit it
• Collect the acknowledgement receipt for future references
• A fee may be charged for making cash payment

SBI Credit Card Bill Payment through Electronic Drop Box

• You can make your SBI credit card bill payment by cheque
• Get an immediate e-receipt through the electronic dropbox facility
• Once the cheque is inserted into the dropbox, you will get a scanned image of your cheque as a receipt.
• The payment will reflect similarly with regular cheque transactions in your SBI credit card account within 4 working days
• Keep in mind that the payment should be made 4 to 5 days before the due date as it takes some time in the clearing of the cheque and credits the payment to your credit card
• Electronic dropboxes do not function on Sundays and bank holidays
• Electronic dropboxes are only valid for local transactions as it does not accept outstation cheques
• One has to ensure that the cheque is not folded or stapled as it will be liable to be rejected

SBI Credit Card Bill Payment through Manual Drop Box

• These are regular drop boxes that are located across more than 1,300 SBI branches in the country
• Fill the correct credit card number on your cheque along with your name and registered phone number
• The payee will be mentioned as “SBI Card no. <16 digit card number>“
• The dropbox clearing timings are 12 pm to 3 pm from Monday to Friday and 10 am to 12:30 pm on Saturdays
• Make sure that the cheque follows CTS 2010 standards for timely processing

SBI Credit Card Bill Payment through ATM

• You can also use SBI ATMs across the country to pay your credit card bills
• You just have to go to an SBI ATM and choose the services tab in the ATM menu
• Enter your credit card number and the amount to be paid
• You will immediately receive a payment acknowledgement receipt

What to do when a payment has been made but has not shown up on the SBI credit card or the card’s online account statement?
In this case, you have to notify the bank that the SBI credit card bill payment has not been posted to your account.

• You need to prepare the documents showing that you have made the payment.
• You can show the copy of a cancelled cheque or electronic payment receipt as a proof of payment.
• In addition, you should file a dispute with the bank.
• This complaint must be filed within a specified number of days from the date on which the bank mailed the statement that showed the error.

Can it be called a late payment if a payment has been made on the due date?
Yes, the bank can call it a late payment as the terms and conditions of whether an SBI credit card bill payment is late or not is decided by your account agreement.

If the information in the terms and conditions say that payments made on the last date but after a specific time will be deemed as late, then the bank can call them as such. Consequently, it is always better to make payments 3-5 days before the due date.

What if State Bank has increased the minimum monthly amount due on the credit card bill and the individual is unable to afford that?
In such conditions, the person has to directly contact the bank and discuss an agreeable payment plan.

Can banks make the customer pay a fee for letting them use a specific payment method?
Banks can charge a fee for using a specific SBI credit card bill payment method due to special circumstances. For instance, if the payment mode you are using involves an expedited service by the bank or the option is one where the bank has to incur additional costs, then it is likely that a bank will charge a certain fee.

Can State Bank charge a late fee if the payment has been mailed before the due date?
Yes, this is because you are liable to make the SBI credit card bill payment on or before the due date. If you have mailed a cheque but it has not been received or has been received but not cleared as yet by the due date, then you will be charged a late fee. This is why your account agreement always mentions that a payment made through specific methods that can cause a delay in clearance should be made 4 to 5 days prior to the due date.

When is a payment considered late or on time?
SBI credit card bill payment is considered late or on time depending on when funds are credited to your card account. You have to ensure that that the payment is not just mailed or done on time but has been received and cleared by the bank on time as well.

A simple way to do this is to check your bank account from where the payment has been made. If the payment has been debited from the bank account, then SBI should receive the payment within the same day or at most the next business day.

Can State Bank delay the posting of payment on a credit card account?
Banks do not delay posting the payment on a credit card account. However, banks can set some reasonable requirements for processing payments. If these requirements are met by the cardholder, then the bank usually credits the card balance within 3-4 business days at most.

Following the guidelines mentioned in RBI’s COVID-19 Regulatory Package, SBI Card is allowing its cardholders the facility to avail the 3-month moratorium on bill payments. Here are the important highlights of this facility:

• All credit card holders who have been making bill payments regularly and have no overdue will be eligible for the moratorium
• Interest charges will be applicable on the outstanding amount even during the moratorium period
• Late payment charges will not be applicable
• No extension of tenure will be offered on EMIs
• This is not a waiver of outstanding amount or EMI, just a deferment until 31-May-2020
• Cardholders will have to pay the entire outstanding amount along with the accumulated interest charges on the next due date after 31-May-2020
• Opting for the moratorium period will not affect your credit score; SBI Card will resume normal reporting to the credit bureaus from June 2020

Since interest charges will keep adding to your total outstanding amount, it is advised to make card payment regularly, if the COVID-19 Lockdown or its outcomes have not affected your income.

Click here for FAQs related to SBI Credit Card COVID-19 Moratorium Period