FAM 400 Lecture Notes - Lecture 6: Icici Bank, Andhra Bank, Online Banking
How to remit Credit Card Dues thru NEFT
The usage of Credit Cards is on the increase in our country. At the same time,
credit card holders are searching for new payment avenues, of their credit card
dues.
The common options, to pay the credit card dues, are
01) Deposit of Cash-though banks are now levying a Service Charge for cash
deposits, to clear credit card dues.
02) Standing Instruction (SI) to debit an Current/Savings/Overdraft Account,
within the Card Issuing Bank.
03) Debit account in other bank, and remit the funds to the credit card, through
Net Banking. This facility is popular amongst ICICI Bank credit card holders.
04) Last but not the least, through Cheque/Demand Draft.
Apart from the above, one new Payment option, is becoming quite popular. This
option is the payment of credit card dues, through NEFT,
This facility is available from any bank that has enabled the NEFT capability on
its Internet banking facility.
The following are to be kept handy, while initiating a NEFT Transaction, for
payment of credit card dues.
Name of Destination Bank Compulsory
Destination Branch Compulsory
Type of Destination Account Credit Card, if the same is available on your bank’s
Internet Banking site
Number of Destination Account Your 16-digit credit card number(double check this
number, wrong mentioning of the number, might lead to credit’s to your enemy’s
credit card!!
Transaction Code 52
IFSC Code Compuslory. This will be provided by your Card Issuer, on the Credit
card statement, or be available on the Banks website.
IFSC’s for Credit Card transactions, sourced from the Bank’s Websites/Internet are
provided here.
Many major Credit Card Issuers viz., Andhra Bank, State Bank of India, have not
yet joined this payment mode.
Name of the Bank
NEFT IFSC Code for Credit Card Dues
AXIS BANK
Document Summary
How to remit credit card dues thru neft. The usage of credit cards is on the increase in our country. At the same time, credit card holders are searching for new payment avenues, of their credit card dues. This facility is popular amongst icici bank credit card holders: last but not the least, through cheque/demand draft. Apart from the above, one new payment option, is becoming quite popular. This option is the payment of credit card dues, through neft, This facility is available from any bank that has enabled the neft capability on its internet banking facility. The following are to be kept handy, while initiating a neft transaction, for payment of credit card dues. Type of destination account credit card, if the same is available on your bank"s. Number of destination account your 16-digit credit card number(double check this number, wrong mentioning of the number, might lead to credit"s to your enemy"s credit card!
