Citibank, which was incorporated in India in 1902 in Kolkata, is now one of the leading private sector banks in India and one of the largest credit card issuers in the country. It provides a wide range of banking products and financial services, and offers an array of credit cards designed to suit the differing needs of its large customer base.
Citibank Credit Cards offer a multitude of advantages to the holder. It offers Dining privileges, with up to 20% savings across 2000 partner restaurants. It also comes with a host of other advantages like Secure Utility Bill Payment Facility, value-added services like Instant Loan, EMI options on shopping bills above Rs. 2,500, and easy payment options to settle your Citibank credit card bills. With the Citibank Credit Card, you also have the option to pay your bills online in a quick and hassle-free manner. No more worries about late payment, or trying to you’re your payment so that the cheque reaches in time.
Citibank offers the following options for online Credit Card payments:
From your Citibank account
Standing Instruction: You can set up a standing instruction to pay either minimum amount due or total amount due from your existing Citibank account.
Regular payment: You can choose to pay your Credit Card bills using Citibank Online every month on your own. You just need to Login using your unique User ID & Password and click on the "Pay Credit Card Bill" link.
From accounts in other banks
E-Pay: You can pay Credit Card bills online via Citibank E-Pay. Note that it will take 2 working days for the payment to get credited into your account depending on the time taken by your bank to process the payment. So plan your payment in advance to avoid late payment fees.
E-Pay via Other Bank Websites: If you have banking accounts with any Citi partner banks, then you can log on to the Online banking platform of your bank account and pay. Citibank Credit Card has been added as a Utility Biller with the banks listed below:
• HDFC Bank
• ING Vysya Bank
• State Bank of India
• IndusInd Bank
• Yes Bank
It is advisable to get in touch with your bank in order to know the processing time.
NEFT Payment to Credit Card: You can initiate payment of your Citibank Credit Card via NEFT as well. The actual time taken to credit depends on the time taken by your bank to process the payment. Plan your payment ahead to avoid overdue fees. Just login to your non-Citibank bank account and provide your Citibank (Payee) details for funds transfer.
While doing the transfer, choose the following payee details:
• Payee Name: Name as it appears on your Citibank Credit Card.
• Payee Account Number: Your Citibank credit card number.
• Bank Name: Citibank N.A.
• Payment Account Type: Select the Account Type.
• IFSC Code: Choose your Citibank branch’s IFSC code.
• Branch Address: Choose the address with which your credit card is registered.
ECS: You can also pay your credit card bills by way of ECS (Electronic Clearance System) to facilitate electronic transfer of funds. In order to avail ECS facility, you need to provide a mandate to Citibank authorizing the transfer of funds from your non-Citibank account.
Visa Money Transfer(VMT): You can also use Visa Money Transfer(VMT) option when you are paying your Citibank Credit Card bill from a non-Citibank account. This normally takes 2 to 4 working days to get credited to your Citibank Credit Card account, so it is advisable to contact your bank directly in order to know the processing time.
Paying your credit card bills online is a fast, safe and convenient method. End physical visits to the branch/ATM to drop off cheques, or having to mail it well in time so it reaches before the due date. Online payments are completed in a matter of minutes from the convenience of your house. Once you switch to the ease of online payments, you will not look back!