SBI Credit Card Bill Payment via IMPS and NEFT

Managing your SBI credit card bill efficiently is crucial for avoiding late fees and maintaining a strong credit score. With digital banking, you no longer need to visit a branch to make payments. SBI offers Immediate Payment Service (IMPS) and National Electronic Funds Transfer (NEFT), two secure and convenient methods to clear your dues on time. 

 

While IMPS ensures instant transactions, NEFT processes payments in scheduled batches. Both options allow seamless transfers via mobile banking or internet banking, ensuring you never miss a due date. Understanding how these methods work can help you choose the most suitable way to pay your bill.

Immediate Payment Service (IMPS) is a real-time electronic fund transfer system that enables instant money transfers between bank accounts. Unlike traditional bank transfers that may take hours or days, IMPS processes transactions instantly, ensuring that funds reach the recipient within seconds.

 

This service is available 24/7, including weekends and public holidays, making it a reliable option for urgent payments. IMPS is widely used for various transactions, including SBI credit card bill payments via IMPS, utility bills, and peer-to-peer transfers. It works through mobile banking, internet banking, or ATMs, requiring minimal details, such as a mobile number with MMID or an account number with IFSC.

Here are the key advantages of using IMPS for SBI credit card bill payments, ensuring a seamless and efficient experience:

Instant Transactions

The payment is processed immediately, ensuring that your credit card bill is cleared without delay. This helps you avoid late fees and maintain a good credit score.

Available 24/7

IMPS works round the clock, including weekends and public holidays. You can make payments anytime without waiting for bank working hours.

Secure and Reliable

All IMPS transactions are encrypted and monitored for security. Banks use multi-factor authentication to protect your payments from fraud.

No Need for Physical Banking

You can complete your payment online using internet banking or mobile banking. There’s no need to visit a branch or ATM, making it a hassle-free option.

Works with Multiple Banking Platforms

IMPS is accessible through net banking, mobile apps, and UPI, offering flexibility in how you choose to make payments. It ensures a smooth transaction process across different platforms.

Transaction Confirmation in Real-time

Once the payment is made, you receive instant confirmation via SMS or email. This ensures peace of mind, knowing that your bill has been successfully processed.

Minimal Transaction Charges

Most banks charge little or no fees for IMPS transfers. This makes it a cost-effective way to pay your SBI credit card bill.

Reduces the Risk of Payment Delays

Since IMPS processes payments in real-time, there’s no waiting period. Unlike NEFT, which operates in batches, IMPS ensures immediate transfers of funds.

Here’s how you can quickly and securely pay your SBI credit card bill using IMPS:

1. Log in to the SBI online banking portal using your username and password

2. Click on ‘Continue to log in’ to access your account

3. Go to the ‘Payment and Transfer’ section

4. Select ‘IMPS’ as your payment method

5. Choose either MMID or IFSC code for the transfer

6. Enter your bank account details, credit card number, amount, and beneficiary details

7. Verify the entered details for accuracy

8. Click ‘Confirm’ to complete the payment

SBI and non-SBI account holders can use this process to pay their SBI credit card bills via IMPS.

IMPS transactions usually reflect instantly in your SBI credit card account. Your available credit limit is updated immediately, allowing you to continue using your card without interruption. However, minor delays may occur due to technical issues or interbank settlements. If the payment doesn’t reflect immediately, monitor your account and contact customer support.

NEFT (National Electronic Funds Transfer) is a secure and reliable way to transfer money between bank accounts. Unlike IMPS, which offers instant transfers, NEFT processes payments in batches at scheduled intervals. This means your transaction may take a few hours to reflect, depending on the bank’s processing time.

 

This facility is available 24x7, including weekends and holidays. Paying your SBI credit card bill through NEFT is ideal for transactions that don’t require immediate settlement. There’s no minimum transfer limit, making it a flexible option for various payments

 

To pay your SBI credit card bill via NEFT from another bank, simply enter the recipient’s account number, bank name, and IFSC code.

Here’s why paying your SBI credit card bill through NEFT is a reliable and convenient option:

Available Anytime

NEFT transactions can be initiated 24/7, including weekends and public holidays. This ensures that you can pay your SBI credit card bill at any time without worrying about banking hours.  

 

Safe and Regulated

NEFT is managed by the Reserve Bank of India (RBI), ensuring high security and reliability. Each transaction is monitored, reducing the risk of fraud or errors.

 

Ideal for Large Payments

NEFT is useful for transferring large amounts that do not require instant settlement. It is a great option for paying high credit card bills without the urgency of immediate processing.

 

No Transaction Limit

Unlike IMPS, which may have a maximum transfer limit, NEFT allows higher-value transactions. This makes it ideal for those who need to clear significant dues in a single transfer.

 

Seamless Online Transactions

You can make NEFT payments using internet banking or mobile banking from anywhere. This eliminates the need to visit a branch, saving time and effort.

 

Acknowledgement for Every Payment

Once an NEFT transaction is completed, you receive a confirmation message from the bank. This serves as proof of payment and helps track transactions easily.

 

Low Transaction Charges

NEFT charges are minimal compared to other fund transfer methods. This makes it a cost-effective way to pay your credit card bills.

Follow these simple steps to complete your payment for SBI credit card bill through NEFT:

1. Log in to your bank’s internet banking portal

2. Go to the ‘Third-party Transfers’ section, and add SBI Card as a beneficiary

3. Enter ‘SBIN00CARDS’ as the IFSC code for SBI credit card payments

4. Provide your 16-digit SBI Credit Card number as the account number

5. Select ‘Credit Card Payment’ or ‘Savings Account’ as the beneficiary account type

6. Click ‘Submit’ to complete the registration

7. Once approved, transfer funds via NEFT. Your payment will be reflected in your SBI credit card account within a few hours

When you make an SBI credit card bill payment using NEFT, the payment is typically credited to your SBI Credit Card account instantly.​ 

 

NEFT operates 24/7, including weekends and public holidays, processing transactions in half-hourly batches. This means that while payments are generally credited instantly, there could be minor delays depending on the exact timing of your transaction within these batches.

 

To avoid any last-minute issues, make your NEFT payment at least a day before your due date to ensure timely processing.

Here’s a quick comparison to help you decide between SBI credit card bill payment via IMPS and NEFT:

Feature	SBI IMPS	SBI NEFT
Transaction Speed	Instant transfer in real-time	Processed in batches, may take a few hours
Availability	24x7, including weekends and holidays	24x7, including weekends and holidays
Processing Mode	Real-time processing	Half-hourly batch processing
Transaction Limit	Up to ₹5 Lakhs per transaction	No upper transaction limit
Ideal For	Urgent payments and low to mid-value transfers	Large transactions that do not require instant processing
Transfer Charges	May vary as per SBI’s latest fee structure	Generally lower than IMPS charges
Security & Regulation	RBI-regulated, secure encryption	RBI-regulated, monitored transactions
Beneficiary Addition	Required before making a transfer	Required before making a transfer
IFSC Code	Required if sending via IFSC mode	Required for all NEFT transactions
Transaction Proof	Instant confirmation message	Confirmation message after processing