SBI Credit Card Payment through NEFT

Last Updated : May 3, 2025, 12:43 p.m.

The modern financial ecosystem demands effective credit card payment management for optimal fiscal health. For SBI credit card users, the National Electronic Funds Transfer (NEFT) framework offers a dependable, protected, and user-friendly solution to clear pending card dues. From initial configuration and practical advantages to strategies for preserving an excellent CIBIL score , this guide details all essential aspects of processing SBI credit card payments through NEFT. Whether you're a seasoned cardholder or new to electronic transfers, this guide provides the critical information required to leverage NEFT effectively for your SBI credit card obligations.

What is NEFT for SBI Credit Card Payments?

National Electronic Funds Transfer (NEFT) is a service that facilitates the electronic transfer of funds from any bank account to your SBI credit card account. This payment method allows SBI credit cardholders to make payments through any bank account that offers NEFT functionality.

NEFT is a service that can be widely accessed with approximately 220 banks across India, participating in the NEFT funds transfer network. Each transaction is processed in half-hourly batches throughout the day under the regulation and supervision of the Reserve Bank of India (RBI), ensuring maximum security and reliability for your credit card payments.

Advantages of Making SBI Credit Card Payments through NEFT

No Transaction Limits

One of the most significant advantages of using NEFT for SBI credit card payments is the absence of maximum transfer limits. You can pay any amount toward your credit card balance without restrictions, providing flexibility for both minimal payments and full balance settlements.

Cost-Effective Payment Solution

NEFT offers a highly economical way to transfer funds, particularly when transactions are initiated online. When you make SBI credit card payments via NEFT using internet banking or mobile banking platforms, the service is fully free of charge. Even for branch-based transactions, the associated fees are minimal, in the range of Rs. 2 to Rs. 20 plus GST depending on the transaction amount.

Secure and Regulated Transactions

All NEFT transactions are thoroughly monitored and regulated by the Reserve Bank of India. This gives an extra layer of security for your payments. This supervision ensures that your funds transfer securely from your bank account to your SBI credit card with minimal risk of fraud or unauthorized transactions.

Instant Credit to Card Account

When you make a payment through NEFT, the amount is credited to your SBI credit card account instantly once the transaction is processed. This immediate posting helps you quickly free up your available credit limit and avoid late payment penalties.

Convenience and Accessibility

NEFT provides a simple, hassle-free method to manage your credit card payments without going to a branch. You can initiate transactions via mobile banking applications, netbanking, or the SBI YONO app, making it accessible 24/7 for online transactions.

Step-by-Step Process to Make SBI Credit Card Payments through NEFT

Method 1: Using Internet Banking

1. Access the net banking facility of your bank
2. Under third party transfer, add SBI Card as a beneficiary
3. Enter the IFSC code ‘SBIN00CARDS’
4. Key in your 16-digit SBI Credit Card number instead of the account number
5. Choose ‘Credit Card Payment’ or ‘Savings Account’as the beneficiary account type
6. Click ‘Submit’ to complete your registration process
7. Once the beneficiary is added, you can proceed with the payment

Method 2: Using SBI YONO App

1. Log in to the official SBI YONO app using
2. your credentials
3. Click on the ‘Payments/Transfers’ option
4. Under the ‘Outside SBI’ section, click on ‘Credit Card (VISA) Bill Pay’
5. Enter the necessary information to start the transaction process
6. Verify the entered information and click on ‘Submit’
7. Complete the payment by following the instructions on-screen

Method 3: Through SBI Branch

If you prefer offline transactions, you can visit any SBI branch during working hours to initiate an NEFT payment for your credit card. Remember that branch transactions will incur nominal charges based on the transaction amount, and services are available only during bank working hours on business days.

Important Information Required for NEFT Transactions

To successfully complete an SBI credit card payments through NEFT, you’ll need to provide the following details:

1. IFSC Code: SBIN00CARDS (This is the unique code for SBI Card transactions)
2. Account Number: Your 16-digit SBI Credit Card number
3. Beneficiary Name: Your name as it appears on the credit card
4. Amount: The payment amount you wish to transfer

It’s crucial to ensure that all information is accurate, particularly the IFSC code and your credit card number, as incorrect details may result in failed transactions or transfers to wrong accounts.

Charges for SBI Credit Card Payments through NEFT

The charges for NEFT transactions vary depending on whether you initiate the payment online or offline:

Online Transactions (Internet/Mobile Banking):

• Free of charge for all transaction amounts

Branch Transactions:

• Up to Rs. 10,000: Rs 2.00 + GST
• Rs. 10,000 to Rs. 1 lakh: Rs. 4.00 + GST
• Rs. 1 lakh to Rs. 2 lakh: Rs. 12.00 + GST
• Above Rs. 2 lakh: Rs. 20.00 + GST

NEFT Timing and Processing Schedule

NEFT transactions are done in half-hourly batches throughout the day. For online transactions, the service is available 24/7. This will enable you to make payments at your convenience. However, if you’re initiating a transaction through a branch, you’ll need to do so during bank working hours, and the service is not available on Sundays and bank holidays for offline transactions. The settlement cycle generally takes up to two hours for completion. This makes it a little slower than instant payment methods like IMPS or RTGS. However, post processing, the amount is credited to your SBI credit card account instantly.

Limitations of Using NEFT for Credit Card Payments

While NEFT offers numerous benefits, it’s important to be aware of certain limitations:

1. Batch Processing: NEFT transactions are processed in batches rather than in real-time, which may result in slight delays compared to instant payment methods like IMPS.
2. Beneficiary Addition Time: Adding a new beneficiary may take 6 to 24 hours before you can proceed with the payment, which might not be ideal for urgent payments.
3. Offline Restrictions: Branch-based NEFT services are only available during working hours on business days, limiting accessibility for those who prefer in-person transactions.

Tips for Maintaining a Good CIBIL Score While Using Credit Card

Your payment history significantly impacts your CIBIL score, which influences your creditworthiness for future loans and credit cards . Here are some essential tips to maintain a healthy CIBIL score while using SBI credit cards :

Make Timely Payments

Ensure to pay your credit card bills before the due date, always. NEFT’s 24/7 online availability makes it easier to schedule payments in advance, ensuring they’re processed on time. Late payments can negatively impact your CIBIL score and incur additional charges.

Pay More Than the Minimum Due

While making minimum payments helps avoid late payment penalties, consistently paying only the minimum amount can affect your credit utilization ratio and, consequently, your CIBIL score. Try to pay more than the minimum due or, ideally, the full outstanding amount each month.

Check Credit Utilization Ratio

Keep your credit utilization ratio (the percentage of available credit you’re using) below 30% for optimal CIBIL scores. Regular payments through NEFT can help you maintain lower utilization by quickly freeing up your available credit limit.

Monitor Statements Regularly

Regularly review your credit card statements to verify all transactions and identify any discrepancies early. Prompt detection and reporting of unauthorized transactions protect both your finances and credit score.

Avoid Multiple Credit Inquiries

A hard inquiry (also called a hard pull) occurs when a lender checks your credit report as part of their decision-making process when you apply for credit. Multiple hard inquiries for the same type of loan within a short period (usually 14-45 days) will lower your CIBIL score.

Conclusion

SBI credit card payments through NEFT offers a secure, convenient, and cost-effective solution for managing your credit card dues. With its wide accessibility, absence of maximum transaction limits, and instant crediting to your card account, NEFT stands as an excellent choice for responsible credit card management. By understanding the process, benefits, and limitations of using NEFT for credit card payments , you can make informed decisions about your payment methods while maintaining a healthy CIBIL score. The ability to initiate transactions 24/7 through online banking channels further enhances its appeal for modern consumers seeking flexible payment options. Whether you’re looking to make full balance payments, minimum due settlements, or partial payments toward your SBI credit card, NEFT provides a reliable and efficient payment solution that aligns with your financial management goals.