Follow these steps to pay your Axis Bank credit card bill using NEFT and IMPS for quick, secure, and smooth transactions.
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Paying your Axis Bank credit card bill is now easier than ever with convenient online payment methods. IMPS (Immediate Payment Service) and NEFT (National Electronic Funds Transfer) are two secure and efficient options that ensure timely transactions. These methods allow you to settle your credit card dues promptly, helping you stay on top of your payments and manage your finances with ease. Here’s how you can use IMPS and NEFT to make your Axis Bank credit card bill payment.
Here’s a quick look at the merits and demerits of using IMPS to pay your Axis Bank credit card bill:
Merits |
Demerits |
Instant Payment: IMPS allows for real-time payment, ensuring immediate processing of the credit card bill |
Transaction Limits: IMPS has a daily transaction limit, which might not be ideal for larger payments |
24*7 Availability: Payments can be made anytime, even on holidays, as IMPS operates round the clock |
Charges: Some banks may levy transaction fees for IMPS payments, adding an extra cost |
Secure: IMPS transactions are highly secure, with encryption and authentication processes in place |
Bank Dependency: You must ensure your bank supports IMPS for payment, which may not always be the case |
Convenient: You can use mobile apps or internet banking for payments, making it accessible and user-friendly |
Internet Dependency: IMPS requires an internet connection, which could be a limitation in case of connectivity issues |
No Need for Physical Presence: You can complete the payment from anywhere, without needing to visit a bank or ATM |
Risk of Errors: Incorrect input of details, such as the Axis Credit Card number, could lead to failed transactions |
Paying your Axis Bank credit card bill via IMPS is a simple and efficient method, ensuring fast and secure processing of your payment. Follow these steps:
Visit your bank’s internet banking page and log in using your credentials
Find the ‘Funds Transfer’ option and select ‘IMPS (Immediate Payment Service)’
Choose ‘Transfer to other bank account’
Since this is your first payment, add your Axis Bank credit card as a payee or beneficiary
Select ‘Add Payee or Beneficiary’ and provide the necessary information. For instance,
Beneficiary Name: Your name as it appears on your Axis Bank credit card
Beneficiary Bank Name: Axis Bank
IFSC Code: UTIB0000400
Beneficiary Branch Name: Mumbai (this applies to all locations)
Beneficiary Account Number: Your 16-digit Axis Bank credit card number
Double-check the details and click ‘Confirm’
It may take up to 30 minutes for the beneficiary details to be updated in your account.
You will receive a confirmation message on your registered mobile number once the payee is added, and then you can proceed with the payment
Once the beneficiary is active, follow these steps to make the payment:
Log in to your net banking account
Go to ‘Funds Transfer’ section
Choose the ‘IMPS funds transfer’ option
Select ‘Transfer to another bank account’.
From the list of beneficiaries, pick ‘Axis Bank Credit Card’
Enter the payment amount for your Axis Bank Credit Card bill and click on ‘Pay’
The bill amount will be instantly credited to your Axis Bank Credit Card. You will receive a message from Axis Bank on your registered mobile number confirming the payment.
Axis Bank IMPS is available 24*7, including on bank holidays and Sundays, with no time restrictions for payments. The funds are credited instantly, making it a fast and efficient way to settle your Axis Bank Credit Card bill. Payments are usually processed immediately and will reflect on your credit card account right away.
However, if you are adding your Axis Bank Credit Card as a beneficiary for the first time, it may take up to 30 minutes for the beneficiary details to be updated. Once the beneficiary is added, future payments will be processed instantly, ensuring prompt settlement of your credit card bill.
Here’s an overview of the merits and demerits of using NEFT to pay your Axis Bank credit card bill:
Merits |
Demerits |
Secure: NEFT is a safe payment method with encryption and authentication measures |
Processing Time: Payments may take a few hours to reflect in your account |
No Maximum Limit: There is no cap on the amount you can transfer |
Limited Availability: NEFT transactions are only available during bank working hours and may not be available on holidays or non-business days |
Low Transaction Fees: Most banks charge minimal or no fees for NEFT payments |
Manual Steps: Adding your Axis Credit Card as a beneficiary may take extra time |
Convenient: You can pay easily through online banking or mobile apps from home or office |
Error Risk: Incorrect entry of details, such as the card number or IFSC code, can cause delays or failure |
Suitable for Larger Amounts: NEFT allows for higher value transactions, ideal for larger credit card bills |
Delayed Payment Confirmation: Payment confirmation and updates to your credit card account may take several hours |
Here are the steps to follow when paying your Axis Bank credit card bill using NEFT:
Visit your bank’s internet banking login page and log in using your credentials
Under the ‘Funds Transfer’ option, select ‘NEFT’
Choose ‘Transfer to another bank account’
If it’s your first time transferring funds to your Axis Bank Credit Card, you will need to add your Axis Bank credit card as a payee or beneficiary
Click on ‘Add Payee or Beneficiary’ and enter the following details:
Beneficiary Bank Name: Axis Bank
Beneficiary Name: Your name as shown on the Axis Bank credit card
Beneficiary Branch Name: Mumbai (this applies regardless of your location)
Beneficiary Account Number: Your 16-digit Axis Bank credit card number
IFSC Code: UTIB0000400
After entering the details correctly, click on ‘Confirm’
It may take up to 30 minutes for the beneficiary details to be updated and activated.
You will receive a confirmation message on your registered mobile number once the payee is added
Once the beneficiary is active, log in to your internet banking account again.
Go to ‘Funds Transfer’ and select ‘NEFT funds transfer’.
Choose ‘To another bank account’.
From the beneficiary list, select ‘Axis Bank Credit Card’.
Enter the amount you wish to pay towards your Axis Bank credit card bill and click on ‘Pay’.
Your NEFT transfer request will be initiated, and you will receive a transaction reference number.
If the payment is made during banking hours, it will be processed within 24 hours; otherwise, it will be processed the next working day.
You will receive a confirmation message on your registered mobile number once the transfer is complete. You will also receive a message from Axis Bank when the payment is successfully credited to your credit card account.
The time required to pay your Axis Bank credit card bill via NEFT depends on when the transaction is initiated. If the payment is made during banking hours, the funds are typically cleared and credited to your Axis credit card account within one working day.
However, if the payment is made outside banking hours, such as during weekends or non-business hours, it will be processed on the next business day. While the NEFT payment process is reliable, it’s important to consider the delay in processing, especially if the payment is made on a non-banking day.
Frequently Asked Questions
Is it possible to pay my credit card bill via IMPS without having an internet banking account?
No, you cannot make an IMPS payment without an internet banking account. You will need to access your bank’s internet banking or mobile banking app to make the payment using IMPS.
Is the IMPS service for credit card bill payment free?
IMPS transactions may incur a fee depending on the bank's policies. Some banks offer free IMPS payments, while others may charge a small fee. It is best to check with your bank for the specific charges.
Can I make a credit card bill payment through IMPS/NEFT without adding a beneficiary?
No, you need to add your Axis Bank credit card as a beneficiary before making payments through IMPS or NEFT. This ensures the funds are transferred to the correct account.
Is the IFSC code used for credit card payments different from the standard IFSC codes?
No, the IFSC code for credit card payments is the same as the regular IFSC code for Axis Bank branches. The IFSC code you need for credit card payments is UTIB0000400 for Axis Bank.
How do I initiate an NEFT funds transfer at my bank’s branch office?
To initiate an NEFT funds transfer at your bank's branch office, visit the branch, fill out the NEFT transfer form with the required details (beneficiary name, account number, IFSC code, and amount), and submit it to the bank representative. They will process the transfer for you.
