Indian Overseas Bank Credit Card Bill Payment Online Offline Mode
Indian Overseas Bank (IOB) Credit Card Bill Payment Methods: Online Offline
A credit card bill needs to be paid on time for best credit score rating as well as to avoid unnecessary charges for late payment. For the benefit of its customers, Indian Overseas Bank (IOB) lists down several payment options for one’s credit card bill: Online Payment, Standing Instructions (Auto Debit), Cheques, Demand Drafts, Slip, Cash and RTGS/NEFT. In this article let us explore the different ways by which IOB credit card bill can be paid.
Online Payment Methods for IOB Credit Card
The use of online modes of payment is preferred by most of the customers today because they are convenient to use. Since we have established that IOB provides for several secure means of paying bills online, let us have a look at them.
1. IOB Net Banking
If you are an Indian Overseas Bank account holder you have the Net Banking facility use this to make your credit card bill payment. Here’s a step-by-step guide to making a payment:Here’s a step-by-step guide to making a payment:
– **Step 1:** It is needed to be registered as Internet Net Banking customer and then login to it with the user’s ID and password.
– **Step 2:** Click the “Credit Card” tab.
– **Step 3:** After entering into the ATM determine the “Bill Payment” option.
– **Step 4:** Visit the IOB credit card section and submit the required details plus the amount which is to be paid.
– **Step 5:** Finally, to have the payment and sealing of the offer, click on ‘submit’.
This method allows for quick credit reversal to your card account hence becoming one of the quickest method in settlement of dues.
2. In order to provide support to the government for refinance operations in debt capital markets, NEFT (National Electronic Funds Transfer) was initiated by RBI.
NEFT is one of the simple methods through which you can pay your IOB credit card bill through Internet banking of any bank. Here’s how:
– **Step 1:** Go to the Net banking portal of your bank and Login.
– **Step 2:** Tap +Add Beneficiary button and enter the required information to add your IOB credit card as a beneficiary. The details that you will require include the card number which will be considered as account number and the indian overseas bank as the bank.
– **Step 3:** In the IFSC code section, IOB is NEFT code for credit card payment IOB IFSC code usually be something like IOBA000XXXX.
– **Step 4:** H: Input the amount and indicate the payment’s completion.
The NEFT payment normally takes one to two working hours but it could take up to one working day based on the particular bank’s time of clearing.
3. BillDesk
IOB have integrated services with BillDesk so as to enable customers to make credit card bill payment. Here’s how you can use this service:Here’s how you can use this service:
– **Step 1:** To pay the fees the candidate has to navigate to the IOB BillDesk payment page.
– **Step 2:** You have to provide your IOB credit card number with much detail like payment amount etc.
– **Step 3:** Select the bank account or debit card out of the payment options available to use.
– **Step 4:**: Perform the last steps of the payment and confirm the payment.
It operates in such a way that if you are in a fix and requires credit on your account so that you can meet your payment deadline, BillDesk has got your back.
4. Debit Card Payment
The good news is that if you are an IOB debit card holder or any other bank’s debit card holder, you can pay your credit card bill through the IOB portal. Here’s how:
– **Step 1:** Follow the link of IOB Credit Card Payment Portal.
– **Step 2:** In the category that is labelled, ‘select payment method’, choose “debit card.”
– **Step 3:** In the IOB credit card number and the amount that he would want to pay.
– **Step 4:** Enter your debit card details and click to confirm the transaction.
5. Mobile banking also known as IOB Mobile App.
By and large, with the content offered by the IOB Mobile Banking app you may conveniently make a payment on your credit card. Here’s a guide to using the app:Here’s a guide to using the app:
– **Step I**: Visit your app store either Google Play store for android devices or Apple App Store for iPhone users and download the IOB Mobile Banking App.
– **Step 2:** With use of your mobile banking details, login.
– **Step 3:** In the customer’s account’s details, go to the credit card payment tab.
– **Step 4:** You are required to fill in your credit card information and the amount you would like to pay.
– **Step 5:** Yes for confirmation of the payment and to complete the transaction, the user has to input his/her mPIN or OTP.
Mobile banking is one of the easiest means to clear your bills while on the move or even at the comfort if your house.
6. UPI (Unified Payments Interface)
UPI is yet another fast and secure ways of making the payment for the IOB credit card bill. Follow these steps to make a payment via UPI:Follow these steps to make a payment via UPI:
– **Initial process:** Take any of the UPI applications such as Google Pay/Tez, Phone Pe and PayTm.
– **Step 2:** Choose the button labelled “Send Money”.
– **Step 3:** The payee’s UPI ID should be your IOB credit card number or, account number in case you select that option.
– **Step 4**: Again fill the amount to be paid and then agree for payment through UPI with your unique PIN.
UPI payments are real time and they are perfect for those who use apps for transactions.
Indian Overseas Bank Credit Card Bill Payment Online Offline Mode
Offline Payment Methods for IOB Credit Card
Although Internet channel is highly effective, some customers may not be comfortable with the Internet mode of payments. IOB has provided several offline ways to meet these needs as shown next.
1. Mode – cash :
The payment through cash is another critical mode of making payment to IOB branches.
You can maybe go in any Indian Overseas Bank ATM around and then pay the dues of the credit card in cash. Here’s the process:
– **Step 1:** The first step that has to be taken is to go to the nearest IOB branch.
– **Step 2:** In a cash deposit slip, you need to write the credit card number.
– **Step 3:** Cash deposited in the bank should be enclosed in the slip and be handed over to the bank executive.
– Persons should also ensure that they get a receipt as evidence of payment as stated in the following step.
This type of payment is usually posted on your account within a day although it may attract charges for cash deposit.
2. Cheque or Demand Draft
The option for repayment of the outstanding amount on IOB credit card can be done by posting a cheque or DD at any of the branch or by dropping the cheques in the drop boxes which are available in few places. Here’s how:
– **Step 1:** Fill in a cheque or a demand draft in favor of the following name “Indian Overseas Bank Credit Card [Your Card Number]”.
– **Step 2:** Deposit the cheque or the DD in the drop box or directly deposit the same at the branch.
Always ensure that the cheque or the DD is deposited at the bank in good time so that it does not clear after the due date hence incurring penalties.
3. IOB ATM Payment
If you have an Indian Overseas Bank debit card, then it will be convenient for you to pay your credit card bill at any IOB ATM. Here’s how:
– **Step 1:** You should insert your debit card in the ATM and then enter the Personal Identification Number, which is PIN.
– **Step 2:** Select the “Credit Card Payment” folio.
– **Step 3:** You are required to enter your IOB credit card number along with the amount to be paid.
– **Call to Action:** Complete the payment.
To point, it settles payments made through IOB ATMs within shortest time possible.
4. Auto-Debit Facility
For this aim, there is an auto debit facility which you apply, to avoid any failure in any payment at any given time. In this case, the minimum or total outstanding amount will be debited from the hatch IOB savings or current account linked on the due date.
– **Step 1:** Go to the nearest IOB branch of your choice and then ask for the auto-debit form.
– **Step 2:** Enter your account information and payment through credit card.
– **Step 3:** Fill the form and post it to avail the service.
Once activated, this kind of facility makes it possible to make timely payment without incurring extra charges.
Conclusion
It must also be realised that customers have multiple options to pay through online or offline methods for credit card bills through Indian Overseas Bank. Whether you like the convenience of working in the World Wide Web to transact with your bank or the conventional method of making payments offline, IOB presents sound and swift solutions to help you out. Credit card penalties can also be incurred for failure in payment therefore ensure you make the necessary payments on or before the due dates. Select the best method of payment that you prefer and be on the lookout for your financial obligations.