Credit cards are highly effective in helping one manage finances and make purchases. They offer a range of benefits in the form of rewards and special offers. Still, people need to keep in mind that credit card balance is a form of debt and it should be paid on time so as to avoid high interest and penalties. State Bank of India is one of the largest banks in India with the most number of customers. Along with a wide range of credit cards, there are also a number of SBI credit card bill payment options to make credit card payment more convenient for the customers. There are various online and offline ways to pay SBI credit card bill.
SBI Credit Card Bill Payment Online
Online payment options provided by SBI are a fast and easy way to pay your credit card bills. These include NEFT, Bill Desk, Visa Pay, internet banking, mobile banking, debit card or set up standing instruction for auto-debit. Let us discuss these methods in some detail.
8 Options to Make SBI Credit Card Bill Payment Online
|NEFT||PayNet- Pay Online||Visa Credit Card Pay||
|SBI Mobile Banking||Debit Card||NACH||
NEFT stands for National Electronic Fund Transfer and is one of the most commonly used forms of online payment. Users can pay through any bank account and follow the standard NEFT procedure that requires the use of credit card account details and IFSC code. NEFT is quite a simple, secure and quick method of SBI credit card bill payment. Note that you can pay through NEFT using a non-SBI account only. If you pay till 3:30 pm via NEFT, the amount will get credited within 3 banking hours on the same day.
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 net banking portal of the bank through which you want to make payment.
Step 2- Add SBI Card as a third party beneficiary. Once added, you can proceed to pay your credit card bill.
Step 3- Enter your 16-digit SBI Card number in place of account number.
Step 4- Write SBI CREDIT CARD – NEFT in the Bank Name section.
Step 5- Use IFSC code SBIN00CARDS to make payment.
Step 6- Enter this as bank address- Payment Systems Group, State Bank GITC, CBD Belapur, Navi Mumbai.
Step 7- Submit and Verify to complete the payment.
2- PayNet- Pay Online
Paynet-Pay is a special payment option from State Bank of India. Under this, you have to visit www.sbicard.com using your SBI Card user ID and password. Click on the ‘Pay Now’ option; you will be redirected to the SBI Card bill desk. All your details will be prefilled. 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.
How to pay SBI Credit Card Bill through PayNet Bill Desk?
Step 1- Visit SBI Card Bill Desk directly using this link.
Step 2- Enter your SBI card details, email ID and mobile number and the amount to be paid.
Step 3- Select ‘Net Banking’, choose the bank and login securely using your ID and Password.
Step 4- Confirm the amount and make payment.
The amount will be credited instantly into your SBI credit card account. However, if it does not, you can track the payment using the transaction reference number received. Click here and go to the track payment tab to check the status your SBI credit card bill payment.
3- 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. You just have to log in to your net banking page and choose the option of ‘Third Party Funds Transfer.’ After selecting the VISA Credit Card Pay, you have to fill in the sender and receiver details to initiate the fund transfer. The amount will reflect in your SBI Card account within 3 working days.
4- SBI Mobile Banking
This is a comparatively new way of making SBI credit card bill payment. These days everyone uses the mobile banking facility and the same can be used to make fast and efficient payment of credit card bills.
How to Pay SBI Credit Card bills using SBI Mobile Banking?
Firstly, you should register for SBI Mobile Banking. For this, you have to send an SMS containing the text ‘MBSREG’ to the number: 922 344 000. You will receive a user ID and a default MPIN. After this, you can install the SBI Freedom app on your mobile phone and login using the MPIN. You can visit the nearest SBI Branch or ATM.
If you have already registered for SBI Mobile Banking, you can start with the payment by visiting the bill pay section on the mobile app.
5- National Automated Clearing House
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. It is quite simple to avail the 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, all you have to do is to download the online form from SBI Forms Centre and send the filled form to the address mentioned later in the paragraph. 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 to the address given below-
SBI Card Payment Services Pvt. Ltd.,
P.O. Bag No. 28,
GPO, New Delhi – 110001
6- 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:
- SBI Debit Card
- Bank of India ATM-cum-Debit Card
- Bank of Maharashtra Debit Card
- Canara Bank ATM-cum-Debit Card
- Citibank Debit Card
- Indian Overseas Bank Debit Card
- Lakshmi Vilas Bank Debit Card
- Shivalik Bank Debit Card
- Pragathi Krishna Bank Debit Card
- Kerala Gramin Bank Debit Card
- IDFC Bank Debit Card
- Bank of Baroda Debit Card
- Bharatiya Mahila Bank ATM-cum-Debit Card
How to make SBI Credit Card Bill Payment through Debit Card?
You have to visit ww.sbicard.com to pay through your debit card. The payment process is simple. You have to choose the tab saying ‘pay through debit card’ and enter the card details such as card number along with the amount and your email ID. Once you have chosen the card and put in the authentication information, you have to confirm the payment. Once done, the paid amount will be deducted from your bank account.
7- Mobile Application
This is yet another popular way of paying SBI credit card bills. It is fast, easy and convenient. The application works on most smartphone operating systems including Android, iOS and Windows. The app simply deducts the amount from your bank account.
Steps to Make SBI Credit Card Bill Payment using SBI Mobile App
Step 1- Download the SBI Card Mobile App and Register/Login on the same.
Step 2- Click on ‘Pay now’ button.
Step 3- Select the amount you wish to pay- total outstanding or minimum. Else, enter 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.
8- UPI (BHIM SBI Pay)
SBI credit card holders can also pay their bills using UPI. Follow the steps given below-
Step 1- Download the BHIM SBI Pay App.
Step 2- Register using your mobile number and set up your account.
Step 3- Create your Virtual Payment Address (VPA) and Set up your UPI PIN.
Step 4- Make SBI Credit Card Bill Payment using a single identifier, that is, the VPA. The VPA you need to enter is Sbicard.16 digits of your credit card no@SBI.
The amount is credited instantly.
SBI Credit Card Bill Payment Offline
You can also pay your credit card bill using offline payment options. These payment modes include:
1- Over the Counter (OTC) Payment
You can make OTC SBI credit card bill payment worth over Rs. 20,000 at any of the SBI branches across India. Since it is an over the counter payment, you will receive an instant receipt. You have to fill the payment receipt and submit it along with the amount to the teller and collect the acknowledgement receipt right there and then. You might have to pay a fee for making cash payment.
2- Electronic Drop Box
You can make your SBI credit card bill payment by cheque and get an immediate e-receipt through the electronic drop box facility. Once you have inserted the cheque into the drop box, 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. However, you have to keep in mind that the payment should be made 4 to 5 days before the due date as it takes some time in clearing of the cheque and credit the payment to your credit card.
Also, electronic drop boxes do not function on Sundays and bank holidays. Moreover, they are only valid for local transactions as an electronic drop box does not accept outstation cheques. In addition, you have to ensure that the cheque is not folded or stapled as they will be rejected.
3- Manual Drop Box
These are regular drop boxes that are located across more than 1,300 SBI branches in the country. You have to 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 drop box clearing timings are 12 pm to 3 pm from Monday to Friday and 10 am to 12:30 pm on Saturdays.
You have to make sure that the cheque is account payee only and not outstation. It has to follow CTS 2010 standards for timely processing as well.
4- SBI 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. After that, you can enter your credit card number and the amount to be paid. You will immediately receive a payment acknowledgement receipt.
Frequently Asked Questions (FAQs)
Q. 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?
A. 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.
Q. Can it be called a late payment if a payment has been made on the due date?
A. Yes, the bank can call it a late payment as the terms and conditions of whether a 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.
Q. What if State Bank has increased the minimum monthly amount due on the credit card bill and the individual is unable to afford that?
A. In such conditions, the person has to directly contact the bank and discuss on an agreeable payment plan.
Q. Can banks make the customer pay a fee for letting them use a specific payment method?
A. 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.
Q. Can State Bank charge a late fee if the payment has been mailed before the due date?
A. Yes, State Bank can do that. 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.
Q. When is a payment considered late or on time?
A. SBI credit card bill payment is considered late or on time depending on when the 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.
Q. Can State Bank delay the posting of payment on a credit card account?
A. 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.