Timely bill payment is an important aspect of keeping your account in good standing. Federal Bank offers a wide range of credit cards from shopping to corporate cards to its customers. To reap the benefits of the Federal Bank’s credit cards you need to keep in mind to clear your credit card bill on or before the due date. For this purpose, only Federal Bank has provided online and offline modes of payment to its customers.
Online Mode of Payment
Online mode of payment makes it easier to pay the credit card bill from anywhere and anytime. Federal Bank has provided 4 online methods to pay the credit card bill on time. They are:
How to pay Federal Bank Credit Card bill through FedMobile?
Federal Bank lets you pay your credit card through a mobile banking app. Currently, the functionality of the mobile banking app is for android users only. Hereunder are the steps to pay your credit card bill using the FedMobile app.
Step 1: Download the FedMobile app from the google play store and log in to your account.
Step 2: Navigate to the ‘credit card’ section and click on Pay Credit Card Bill.
Step 3: Enter your credit card number, select bank, enter IFSC Code, cardholder name, and amount.
Step 4: Complete the payment.
How to pay Federal Bank Credit Card bill through Payment Gateway?
Both customers and non-customers can choose the payment gateway to pay the Federal Bank credit card bill online. It can take up to 3 days for funds to be credited to the credit card. Given below are the steps to pay your credit card bill using Payment Gateway.
Step 1: Go to the Federal Bank e-payments page and fill in the required details.
Step 2: Enter your credit card number twice, cardholder name, mobile number, email, and the due amount.
Step 3: Check the ‘I agree to the Terms & Conditions’ box.
Step 4: Click on proceed with payments.
How to pay Federal Bank Credit Card bill through Auto Debit?
With the ‘Auto Debit’ stay ahead of all and set your payment date to clear the credit card outstanding amount on time. It is hassle-free and you need not worry about the due date. The fund will be deducted from your account on the scheduled date. You can sign up for Auto Debit services to pay the Federal Bank Credit Card bill amount by sending an email to [email protected]federalbank.co.in.
How to pay Federal Bank Credit Card bill through NEFT?
Non-customers can use the National Electronic Fund Transfer to pay their Federal Bank Credit Card bill. Even customers can also make the payment from any other bank account. The payment should be made 3-4 days prior to the due date. Here are the steps for how you can pay your credit card bill using NEFT fund transfer.
Step 1: Go to your respective bank’s internet banking page and log in to your account using your user id and password.
Step 2: Go to ‘Accounts and Payments’ and click on NEFT fund transfer.
Step 3: Add beneficiary details like credit card number, bank name, IFSC Code FDRL00CARDS, and address.
Step 4: Select beneficiary and add the due amount.
Step 5: Proceed to pay the credit card bill.
Offline mode of Payment
You can always choose to go for an offline method to pay your credit card bill. Federal Bank has provided an ‘over-the-counter’ facility to its customers to clear the credit card outstanding balance.
How to pay Federal Bank Credit Card bill through Over the Counter?
You can pay your credit card bill by visiting the nearest Federal Bank Branch. An over-the-counter facility offers you two options to clear your credit card bill. You can either draw a cheque in favor of your credit card number or submit cash. A cash processing fee will be charged for clearing the credit card dues using this offline method.
Credit cards can only bear fruits when used properly. You can never miss the due date of your credit card bill. Late payment attracts a high rate of interest and default in payment can stay for years in your credit history. Federal Bank has provided its customers an ample way to clear the dues on time. Opting FedMobile and Auto Debit online methods to clear the outstanding balance can save your time as the amount gets debited the same day. If you do not wish to choose online methods then you can always choose to visit the bank’s branch to pay your credit card bill.
The payment made through Payment Gateway takes somewhere around 3 days to be debited from your account. It is advisable to make payment 3-4 days prior to the due date.
Yes, you will be charged Rs. 2 per transaction up to Rs. 10,000; Rs. 4 per transaction between Rs. 10,001 – Rs. 1,00,000; Rs. 14 per transaction between Rs. 1,00,001 – Rs. 2 lakhs; and Rs. 20 per transaction above Rs. 2 lakhs.
The IFSC Code of the Federal Bank is FDRL00CARDS.
Yes, you will be charged a late payment fee along with the interest. It is advisable to pay your credit card bill on time to avoid the charges.