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Kotakbank Credit Card Payment Online

By: EconomyWatch Content Date: 29 January 2010

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Kotak bank credit cards come with a wide range of features and benefits, from interest free period up to 3 months to the option of converting purchases into EMIs. The Kotak Bank maintains a sophisticated and secure Internet banking portal. This portal facilitates easy and fast online credit card application as well as Kotakbank credit card payment online.

Kotakbank Credit Card Payment Online Options

Through Internet Banking facility, Kotak Bank enables credit cardholders to make online payment towards their credit card bill. They can use their Kotak Bank current or savings account. First, a cardholder must register for the Kotak Net banking facility.

The registration process is as follows:

Use the user ID and password to log in to Kotak Net Banking.
Choose the credit card option on the home page.
Click on ‘Payments’ and select the relevant choice from the ‘Make Payment Option'

Other Kotakbank credit card payment online alternatives are:

Auto Debit Option

Kotak Bank account holders can choose to setup recurring monthly payments towards their credit card from their account. This way, they can avoid the hassle of remembering to make timely payments. Setting up an auto debit option enables Kotak credit card holders to choose from three payment alternatives, depending on their preference and budget as follows:

Minimum monthly due
Total monthly credit card bill outstanding
A specific percentage of the monthly card outstanding

To qualify for the auto debit option, a cardholder need not be the primary account holder; joint account holders can also qualify for the same.

National Electronic Funds Transfer (NEFT)

NEFT is a national funds transfer system, facilitating payments towards a Kotak credit card from any bank branch. To register for the NEFT service, cardholders have to furnish the full Indian Financial System Code (IFSC) code of their preferred bank.

To make Kotakbank credit card payment online using NEFT:

Login to the Internet banking of the Non-Kotak Bank.
Select the NEFT option.
Register for Payment towards the Kotak Credit Cards.
Furnish relevant details, including the 16-digit Kotak credit card number.

Besides these Kotakbank credit card payment online options, a cardholder can also make a payment towards the credit card bill in person. This can be done at a Kotak bank branch or by dropping a cheque, payable to “Kotak Mahindra Bank Card A/c” followed by the 16-digit Card number, at the cheque drop box located in a Kotak Bank ATM.

Find more information on India Credit Card Payments Online in EconomyWatch below.