For every customer who keeps a credit card from any bank with him, it is pertinent to make timely payment of its bill on a periodic basis. When a payment of a credit card bill is not made on time, the bank levies various fines and penalties on the owner of the card, for non payment of the due amount at the stipulated time. Hence, in order to avoid attracting such penalties, it is vital that a customer make payment of such credit card bills on the due date. In the similar manner, the Indian Overseas bank also offers credit card facility to its customers. Let us understand more about IOB credit card bill payment.
How to make payment of IOB credit card bill?
Making payment of bills of the Indian Overseas Bank credit cards is quite easy and simple. This is mainly as the bank provides plenty of online and offline options to its card holders to make the IOB credit card bill payment. In such case, the customer usually receives` their credit card statements from the bank on a monthly basis through mail. After this, they are supposed to make payment of their bill on or before the due date mentioned on the bill. If a card holder regularly pays his due bills on the stipulated time, the bank rewards them with a free credit period. Apart from this, they can always get any information related to their card from the bank’s phone banking service or the internet banking service. Let us get to know about the various methods to make payment of IOB credit card bill payment.
The different modes of making payment of credit card bills at Indian Overseas Bank
The Indian Overseas bank is popular for offering both online as well as offline modes of making IOB credit card bill payment to its customers. By making available both the options, the bank allows a customer to choose the most convenient and suitable method for him to pay the bank for their dues. This simplifies the usual hassle prone method of making bill payments for a customer, whereby he can make IOB credit card bill payment at the comfort of his home and office at any time. The following are some of the ways in which a customer can make IOB credit card bill payment:
Through net banking: Easy as anything, a customer needs to be holding an account with Indian Overseas Bank if he wishes to utilise this service. Once a customer holds an account with the bank and has internet banking activated on it, he can easily log in to his account to make payment of the bill at any time.
Through cash payment: in order to make IOB credit card bill payment, customers can also visit their nearest branch and ask for the assistance of a banking official by making an over the counter payment for their bill. They will be provided with a pay in slip, which will have to be filled by the customer. Once they fill in the slip, it can be handed over to the bank teller, so that he can process the payment towards the customer’s credit card bill.
Through cheque or draft: In order to pay for their credit card bill, a customer can also draw a cheque or a draft in favour of the bank, towards the payment of his credit card bill. While doing so, a customer should ensure that the details filled in by him are correct and should be free of errors to avoid processing hurdles.
Please Note: Indian Overseas Bank is not a Paisabazaar partner. Offers would be from partner Banks/NBFCs only.
A customer is entitled to receive a copy of his credit card bill each month, so that he can keep a track of the transactions entailed on his account. While the bank makes every attempt to ensure that every type of error is avoided and no mistakes happen to appear in the credit card bills of a customer, one can always approach the bank to clear any doubts or get any type of clarification regarding a transaction appearing in his credit card bill. Also, the banking officials of Indian Overseas Bank are available round the clock to assist their customers.