NEFT stands for National Electronic Funds Transfer. It is a payment system which facilitates one-to-one funds transfer.
Under NEFT Scheme, individuals can electronically transfer funds from any bank branch to any person having an account with any other bank branch in the country. NEFT operates in hourly batches. There are twelve settlements from 8 am to 7 pm.
How to pay SBI credit card bill using NEFT?
Payment made through NEFT can be done anytime at the convenience of the card holder from any bank account other than SBI via Online or through their branch.
How to register and pay using NEFT?
Follow these steps to pay your SBI credit card bills using NEFT transaction
Log in to the net banking window of your bank. Add SBI Card as a beneficiary, under third party transfer.
Add the IFSC code SBIN00CARDS for making SBI Card payment.
Enter your 16-digit SBI Card number in place of the account number on the banking page.
Fill Bank name as SBI CREDIT CARD - NEFT
Fill Bank Address as PAYMENT SYSTEMS GROUP, STATE BANK GITC, CBD BELAPUR, NAVI MUMBAI.
Click submit button to complete your registration process.
How much time does it take?
Payment will reflect within three banking hours in your SBI Credit Card account. Payments made till 3:30 pm via NEFT payment mode, will get credited within three banking hours, same day.