Indian Overseas Bank Credit Card Bill Payment

Indian Overseas Bank (IOB) credit cardholders have the flexibility to settle their card dues promptly, with the choice of various online and offline payment methods.

IOB routinely dispatches credit card statements, typically generated on the 20th of each month, either to the registered email address or through regular mail. These statements provide a clear breakdown of the total outstanding balance on the card, the minimum amount due, and the payment due date.

Failing to meet the minimum amount due on an IOB credit card incurs late payment charges, typically amounting to Rs.100. To avoid incurring these additional fees, it is crucial to make timely payments by settling the full bill amount or at least the minimum amount due on or before the specified due date.

How to Make your Indian Overseas Bank Credit Card Bill Payment Online?

You can make your Indian Overseas Bank (IOB) credit card bill payments online through various methods. Here are some different methods to pay your IOB credit card bill online:

IOB net banking

To pay your Indian Overseas Bank (IOB) credit card bill online using IOB Net Banking, follow these steps:

  1. Login to IOB Net Banking: Visit the official IOB website and log in to your Internet Banking account using your User ID and Password. If you haven’t registered for online banking, you’ll need to do that first by visiting an IOB branch and completing the registration process.
  2. Navigate to Bill Payments: Once you’re logged in, navigate to the “Bill Payments” or “Payments” section on the IOB Net Banking portal. This may be located in different places depending on the version of the website, but it’s usually under the “Payments” or “Fund Transfer” section.
  3. Add a Payee: If you haven’t already added your IOB credit card as a payee, you’ll need to do so. Click on “Add Payee” or a similar option, and then select “Credit Card” or “IOB Credit Card” as the payee type.
  4. Provide Payee Details: Enter your IOB credit card details, including the credit card number, cardholder’s name, and other required information.
  5. Make the Payment: After adding the payee, go back to the “Bill Payments” section, and select the IOB credit card payee you just added. Enter the amount you want to pay, which can be either the total outstanding balance or the minimum amount due.
  6. Confirm and Authorize: Review the payment details to ensure accuracy. Once you are satisfied, authorize the payment. You may be prompted to enter a One-Time Password (OTP) for added security.
  7. Confirmation: After successfully completing the payment, you will receive a confirmation message or email. This confirmation serves as proof of your payment.
  8. Keep Records: It’s essential to keep records of your credit card payments, including confirmation emails or transaction references, for your financial records.

National Electronic Fund Transfer (NEFT) funds transfer

To make Indian Overseas Bank (IOB) Credit Card bill payments online using National Electronic Fund Transfer (NEFT), you can follow these steps:

1. Log in to Your Bank’s Internet Banking: Firstly, ensure that you have access to your bank’s internet banking facility. This is where you will initiate the NEFT transfer.

2. Add Beneficiary: Add Indian Overseas Bank (IOB) as a beneficiary in your internet banking account. To do this, you will need to provide the following details:

  • Beneficiary Name: Indian Overseas Bank Credit Card
  • Beneficiary Account Number: Your 16-digit IOB Credit Card number
  • IFSC Code: IOBA0009001 (This is the common IFSC code for IOB Credit Card payments)
  • Bank Name: Indian Overseas Bank
  • Branch Name: Credit Card Division

3. Initiate NEFT Transaction: After adding the beneficiary, initiate a new NEFT transaction. Select “Fund Transfer” or a similar option in your internet banking dashboard.

4. Select Beneficiary: Choose the Indian Overseas Bank Credit Card beneficiary that you added in the previous step.

5. Enter Payment Details: Fill in the following details:

  • Amount: The amount you want to pay, whether it’s the minimum amount due or the total outstanding balance.
  • Remarks: You can enter your credit card number or any other remarks you deem necessary.

6. Review and Confirm: Double-check all the details you entered, including the amount and beneficiary information.

7. Authorize the Transaction: Confirm the NEFT transfer by entering the necessary authentication details, such as your transaction password or OTP (One-Time Password).

8. Transaction Acknowledgment: After successful authorization, you will receive a transaction acknowledgment with a unique reference number. Keep this reference number for your records.

9. Payment Processing: IOB will process the NEFT payment. It may take a few hours to a business day for the payment to reflect in your IOB Credit Card account.

10. Check Credit Card Account: Monitor your IOB Credit Card account to ensure that the payment is credited.

Auto Debit

To pay your Indian Overseas Bank (IOB) credit card bill online using the auto-debit facility, you need to set up an automatic payment arrangement with your bank account. This will ensure that your IOB credit card bill is paid automatically on the due date each month. Here’s how you can set up auto-debit for your IOB credit card bill payments:

  1. Contact Your Bank: First, you’ll need to get in touch with your bank where you hold the savings or current account from which you want to make the payments. This can usually be done through your bank’s internet banking portal, mobile app, or by visiting a branch.
  2. Fill Out an Auto-Debit Authorization Form: The bank will provide you with an auto-debit authorization form. You will need to fill out this form with the necessary details, including your IOB credit card details and the amount you want to auto-debit each month. Ensure that you have sufficient funds in your bank account to cover the payment.
  3. Specify Payment Date: You’ll also need to specify the payment date, which should be the due date mentioned on your IOB credit card statement. The bank will then debit your account on this specified date each month.
  4. Submit the Form: After filling out the form, submit it to your bank. They will process your request and set up the auto-debit facility for your IOB credit card.
  5. Confirmation: Once the auto-debit facility is set up, you should receive confirmation from your bank. You may also receive an email or SMS notification when the payment is made each month.
  6. Monitor Your Account: It’s important to regularly monitor your bank account to ensure that there are sufficient funds available to cover the credit card payment on the specified date. If you anticipate any changes in your credit card bill amount, make sure to update the auto-debit authorization accordingly.

Through UPI app

To pay your Indian Overseas Bank (IOB) credit card bill online through a UPI (Unified Payments Interface) app, follow these steps:

1. Install a UPI App: If you don’t already have a UPI app installed on your mobile device, you can download and install one from your device’s app store. Some popular UPI apps in India include Google Pay, PhonePe, Paytm, BHIM, and many others.

2. Set Up and Link Your Bank Account: After installing the UPI app, you need to set it up and link your bank account. Follow the app’s instructions to do this. You will typically need to provide your mobile number linked to your bank account and create a UPI PIN.

3. Add Your IOB Credit Card as a Beneficiary:

  • Open the UPI app.
  • Go to the “Add Beneficiary” or “Add Payee” section.
  • Select “Bank Account” or “Credit Card” as the type of beneficiary.
  • Enter your IOB credit card details, including the credit card number and IFSC code. The IFSC code for IOB credit card payments is usually IOBA0000020.
  • Confirm the beneficiary details.

4. Initiate the Payment:

  • Go to the “Payments” or “Send Money” section of the UPI app.
  • Select the beneficiary you added (your IOB credit card).
  • Enter the amount you want to pay, which can be the full bill amount or the minimum amount due.
  • Add a remark or description if required.
  • Verify the payment details.

5. Enter UPI PIN and Confirm:

  • To confirm the payment, you will be prompted to enter your UPI PIN.
  • Once you enter the PIN, the payment will be initiated.

6. Payment Confirmation:

  • After successful payment, you will receive a confirmation message on the UPI app, and a transaction reference ID will be generated.

7. Check Your IOB Credit Card Statement:

  • Wait for a while, and then check your IOB credit card statement to ensure that the payment has been credited to your credit card account.

Through Paytm app

To pay your Indian Overseas Bank (IOB) credit card bill through the Paytm app, follow these steps:

Download and Install Paytm App:
If you don’t have the Paytm app on your smartphone, download it from the Google Play Store (for Android devices) or the App Store (for iOS devices).

1. Log in or Sign Up:
If you already have a Paytm account, log in using your credentials (mobile number and password). If you’re a new user, you’ll need to sign up and create a Paytm account.

2. Add Money to Paytm Wallet (if needed):
Ensure that you have sufficient funds in your Paytm wallet to cover your IOB credit card bill payment. If your wallet is empty, you can add money to it using various payment methods.

3. Initiate Bill Payment:
To pay your IOB credit card bill, follow these steps:

  • Tap on the “Bank” section on the Paytm app’s home screen.
  • Select “Credit Card Bill Payments” from the options available.

4. Select “Indian Overseas Bank (IOB)”:
Look for “Indian Overseas Bank (IOB)” in the list of available credit card providers and select it.

5. Enter Credit Card Details:
You will need to enter your IOB credit card details, including the credit card number, the bill amount you wish to pay, and any other required information.

6. Choose Payment Method:
You can select your preferred payment method, such as Paytm wallet balance, debit card, credit card, net banking, or UPI, to make the payment.

7. Review and Confirm:
Double-check all the details you’ve entered, including the payment amount and your IOB credit card details. Once everything is correct, confirm the payment.

8. Make the Payment:
Follow the on-screen instructions to complete the payment. You may need to authenticate the transaction using an OTP (One-Time Password) or any other security method provided by Paytm.

9. Payment Confirmation:
After a successful transaction, you should receive a payment confirmation message or email. Keep this confirmation for your records.

How to Make your Indian Overseas Bank Credit Card Bill Payments Offline?

You can make Indian Overseas Bank (IOB) credit card bill payments offline through various methods. Here are different offline payment methods:

Cash payment

To make Indian Overseas Bank (IOB) Credit Card bill payments offline through cash payment, you can follow these steps:

1. Visit an IOB Branch: Locate your nearest Indian Overseas Bank branch. You can use the bank’s website or mobile app to find the nearest branch to your location.

2. Fill Out a Pay-in Slip: Once you’re at the branch, approach the bank’s counter and ask for a pay-in slip for your credit card payment.

3. Provide Your Credit Card Details: Fill in the pay-in slip with the following information:

  • Your Name
  • Credit Card Number
  • Contact Information
  • Payment Amount (Either the total outstanding balance or the minimum amount due)

4. Submit the Cash Payment: Hand over the filled pay-in slip along with the cash payment to the bank teller. Make sure to double-check the details on the pay-in slip for accuracy.

5. Collect Receipt: After processing your payment, the bank teller will provide you with a receipt as proof of payment. Verify the details on the receipt, including the payment amount and date.

6. Keep Records: It’s essential to keep the receipt in a safe place as a record of your payment.

Cheque payment

To make Indian Overseas Bank (IOB) credit card bill payments offline through a cheque payment, follow these steps:

1. Write the Cheque:

  • Write a cheque for the amount you want to pay towards your IOB credit card bill. Make sure the amount is accurate, and the cheque is drawn in favor of “Indian Overseas Bank Credit Card [Your Credit Card Number].”

2. Fill Out the Details:

On the back of the cheque, you may need to provide some essential information:

  • Your Name
  • Contact Number
  • Credit Card Number
  • Your Complete Address

3. Visit an IOB Branch:

  • Locate your nearest Indian Overseas Bank branch. You can find the nearest branch using the bank’s website or by calling their customer service helpline.

4. Visit the Bank’s Counter:

  • Go to the bank’s counter where you can conduct transactions or inquire about credit card payments.

5. Submit the Cheque:

  • Hand over the cheque, along with any required documentation or information, to the bank officer or teller. Ensure that they acknowledge receipt of the cheque and provide you with a payment receipt.

6. Keep the Receipt:

  • It’s important to keep the payment receipt for your records. This receipt serves as proof of payment in case of any discrepancies or issues with your payment.

7. Processing Time:

  • Note that it may take a few days for your cheque payment to be processed and credited to your credit card account. Ensure that you make the payment well in advance of the due date to avoid late payment fees or interest charges.