Axis Bank Credit Card Payment through NEFT

Last Updated : May 6, 2025, 12:30 p.m.

In today's digital banking environment, having multiple payment options for credit card bills is essential for financial flexibility. National Electronic Funds Transfer (NEFT) offers Axis Bank cardholders a reliable method to settle credit card dues from any bank account nationwide. This comprehensive guide explores everything you need to know about processing your Axis Bank credit card payments through NEFT, helping you manage your finances efficiently while maintaining a healthy CIBIL score .

Understanding NEFT for Credit Card Payments

National Electronic Funds Transfer (NEFT) is a centralized electronic payment system operated by the Reserve Bank of India that facilitates one-to-one fund transfers between bank accounts. Since December 2019, NEFT has operated 24/7, making it a convenient option for credit card payments regardless of time constraints.

For Axis Bank credit cardholders, NEFT provides an excellent alternative payment method, especially when:

• You don't have an existing Axis Bank savings or current account
• You prefer to pay from accounts held in other banks
• You want to make payments outside regular banking hours
• You need to schedule payments in advance.

Step-by-Step Process for Making Axis Bank Credit Card Payments through NEFT

Online NEFT Transfer

To make an Axis Bank credit card payment through NEFT using your net banking facility:

1. Log into your bank's net banking portal (any bank where you have an account)
2. Navigate to the Fund Transfer section and select the NEFT option
3. Add Axis Bank as a beneficiary with the following details:
4. Beneficiary Name: Your name as it gets displayed on the credit card
   • Bank Name: Axis Bank
   • Account Number: Your 16 digit Axis Bank credit card number
   • IFSC Code: UTIB0000400
   • Branch: Mumbai - Main Branch
5. Input the payment amount (minimum due or total outstanding)
6. Authorize the transaction using OTP or other authentication methods
7. Save the transaction reference number for future reference

NEFT Through Mobile Banking

For those who prefer mobile banking:

1. Log into your bank's mobile banking app
2. Select the NEFT/Fund Transfer option
3. Add Axis Bank credit card as a beneficiary with the same details specified above as input
4. Specify the payment amount
5. Complete the transaction using the required authentication method
6. Save the confirmation notification for your records

Offline NEFT Transfer (Bank Branch Visit)

If you prefer visiting a bank branch:

1. Visit any branch of your bank (Not essentially Axis Bank)
2. Request and complete an NEFT form with the following details:
   • Your account details (from which the payment will be made)
   • Axis Bank as the beneficiary bank
   • Account number: 16-digit credit card number
   • IFSC Code: UTIB0000400
   • Mumbai - Main Branch as the branch location
   • Payment amount
3. Submit the form to the bank representative
4. Collect the transaction receipt as proof of payment

Processing Time for NEFT Payments

NEFT transfers are processed in half-hourly batches throughout the day. When making Axis Bank credit card payments through NEFT, consider the following timeframes:

• Immediate Processing: NEFT operates 24/7, so transactions are processed continuously
• Credit Time: Generally, your credit card account will reflect the payment within 2-24 hours
• Due Date Considerations: To avoid late payment fees, initiate NEFT transfers at least 2 business days before your credit card payment due date

Benefits of Making Axis Bank Credit Card Payments through NEFT

Universal Accessibility

NEFT allows you to pay your Axis Bank credit card bill from any bank account across India. This flexibility is particularly valuable if:

• You maintain accounts with multiple banks
• You're traveling and don't have access to your usual payment methods
• You want to make payments from your family member's account

Cost-Effective

NEFT is one of the most cost effective methods for making credit card payments:

• Nil Processing Fees: You do not have to pay any processing fee to Axis Bank when you make credit card payments via NEFT
• Minimal Transfer Charges: Majority of the banks charge minimal or nil fees for NEFT transactions
• No Hidden Costs: Unlike some third-party payment platforms, NEFT doesn't involve any hidden charges

Security Features

When making Axis Bank credit card payment through NEFT, you benefit from robust security measures:

• Encryption: All NEFT transactions are encrypted to protect sensitive data
• Authentication: Multiple levels of authentication ensure only authorized transfers
• Transaction Records: Detailed electronic records of all transactions for future reference
• Bank-Level Security: The transmission happens within the banking ecosystem with the help of established security protocols

24/7 Availability

From the period of December 2019, RBI has made NEFT accessible 24/7, 365 days a year, including holidays. This implies:

• Late Night Payments: You can make last-minute payments even after midnight
• Weekend Transfers: No need to wait until Monday to clear your dues
• Holiday Processing: Uninterrupted service even during bank holidays.

Potential Drawbacks of Making Axis Bank Credit Card Payments through NEFT

Processing Time

While NEFT is efficient, it's not instantaneous:

• Batch Processing: Transactions are processed in half-hourly batches
• Potential Delays: During peak times or due to technical issues, transfers might take longer
• Cut-off Concerns: Last-minute payments might not reflect before the due date

First-Time Setup Requirements

For first-time users, there's an initial setup process:

• Beneficiary Addition: Adding the credit card as a beneficiary typically requires a waiting period
• Verification Process: Many banks have a cooling period for new beneficiaries
• Detail Accuracy: Even minor errors in IFSC code or card number can cause payment failures

Limited Instant Confirmation

Unlike direct bank payments:

• Delayed Confirmation: Immediate confirmation that the payment has been applied to your credit card may not be available
• Manual Verification: You may need to check your credit card statement or contact customer service to confirm payment application.

Impact of Timely NEFT Payments on CIBIL Score

Making consistent and timely Axis Bank credit card payments through NEFT can have a considerable impact on your CIBIL score in several positive ways:

Payment History Improvement

Your payment history makes up for approximately 35% of your CIBIL score:

• Consistent On-time Payments: Using NEFT to ensure payments are made before the due date helps maintain a positive payment history
• Automated Scheduling: NEFT allows scheduling payments in advance, reducing the risk of missed deadlines
• Late Payment Prevention: By initiating NEFT 2-3 days before due dates, you can avoid late payment marks on your credit report

Credit Utilization Management

Credit utilization ratio (the percentage of available credit you're using) impacts about 30% of your CIBIL score:

• Multiple Monthly Payments: NEFT enables making many payments throughout the month to keep utilization low
• Full Balance Payment: Making full payments rather than minimum due payments helps maintain an ideal credit utilization ratio
• Strategic Timing: Making payments before statement generation date can show lower utilization on your credit report

Troubleshooting NEFT Payment Issues

Despite its reliability, you might encounter issues with NEFT payments. Here's how to address common problems:

Payment Not Reflecting

If your NEFT payment doesn't reflect in your Axis Bank credit card account:

• Verification Time: Allows up to 24 hours for the payment to be processed and reflected
• Transaction Reference: Keep your NEFT reference number handy when contacting customer service
• Bank Statement: Check your bank statement to confirm the debit before raising concerns

Incorrect Details

If you've entered incorrect details:

• Contact Immediately: Reach out to your bank's customer service as soon as you realize the error
• Transaction Reversal: Request for a transaction reversal if the funds were sent to an incorrect account
• Documentation: Provide all transaction details, including reference numbers and screenshots

Technical Failures

In case of technical issues:

• Screenshot Evidence: Capture screenshots of any error messages
• Alternative Methods: Use alternative payment methods if you're close to the due date
• Complaint Registration: Register a formal complaint with both banks if necessary.

Comparison with Other Payment Methods

To help you choose the best payment method for your needs, here's how NEFT compares with other options for Axis Bank credit card payments:

Best Practices for Axis Bank Credit Card Payments through NEFT

To optimize your experience when using NEFT for Axis Bank credit card payments:

Timing Considerations

• Make early payments by initiating them before time, at least 2 to 3 days prior to the due date
• Avoid Month-End Rush: Banking systems may be slower during the end of the month due to high transaction volumes
• Morning Transfers: Early morning NEFT transfers often process faster than those initiated during peak banking hours

Record Keeping

• Transaction References: Save all NEFT reference numbers
• Payment Confirmations: Take screenshots or print receipts of successful transfers
• Statement Verification: Always verify that payments are reflected in your next credit card statement

Account Management

• Save Beneficiary Details: Save the correct beneficiary details to avoid errors in future transactions
• Multiple Payment Sources: Set up the ability to make NEFT payments from multiple bank accounts for backup
• Alerts and Reminders: Set up payment reminders a few days prior to due dates.

Conclusion

Axis Bank credit card payments through NEFT offers a reliable, secure, and widely accessible method to manage your credit card dues. By comprehending the process, time span, and best practices defined in this guide, you can use NEFT efficiently to maintain timely payments, avoid late fees, and positively impact your CIBIL score.

The 24/7 availability of NEFT since December 2019 has made it even more convenient for cardholders to manage payments according to their schedules. While it may not offer the instantaneous confirmation of some other payment methods, its universal accessibility across banking platforms makes it a valuable option in your payment toolkit.

Remember that consistent, on-time payments—regardless of the method used—are crucial for maintaining a healthy credit profile. By leveraging NEFT effectively and following the best practices outlined above, you can ensure your Axis Bank credit card payments contribute positively to your overall financial health and credit standing.