Coronavirus Outbreak has put a lockdown in many countries including India. The RBI has given 3 months leverage in which you can skip the payment of your bills. It will not affect your Credit Score nor will the bank impose any extra late payment fees on your credit card bill. https://cir.crifhighmark.com/Inquiry/B2C/B2CFFCRPortal.action

1. Covid-19

2. Coronavirus Outbreak has put a lockdown in
many countries including India. The credit
card users are worried about the payment of
the credit card bills.
Some credit card users who prefer paying the
bills via cash or a cheque and they have to visit
the bank’s branch. But after the lockdown, they
are unable to clear the dues.

3. Different Methods ofPayment forCredit Card
Bills During Lockdown
Offline Payments Online Payments
Transfer through ATM
Cash Payments
Cheque Payments
Net Banking
Mobile Application
Third-Party Payment Gateway
National Electronic Fund Transfer
Standing Instruction

4. Use Net Banking:
Experience the digital way for your
banking needs.
Log in to the net banking services of your
bank and clear the dues by just sitting at
home in a few clicks.
This mode of payment will help you
to avoid visiting the bank’s branch
and stay safe.

5. Try Mobile Application:
You can download the mobile
application of the bank and use for the
payment of your credit card bill.
The mobile banking applications
have the option to make the
payment of your credit card bill.

6. You can use the third-party payment
gateway like Billdesk, GPay, Paytm, and
many other trusted applications for
making the payment.
Provide your credit card details and the
account details from which you want to
make the payment. All the information is
in an encrypted form and is totally safe.
Third-Party Payment Gateway:

7. NationalElectronicFundTransfer:
Use NEFT for making the payment
of your credit card bill from another
bank account. The IFSC Code of
different credit card providers
differs from each other.
There are some credit card users
who don’t have a bank account of
the credit card they are using.

8. Standing Instruction:
Standing instruction can be given to the bank to debit the amount of your bill
from your bank account on a specified date once the bill is generated.
This is also known as Auto-Debit payment that can be useful to clear
the pending dues of your credit card during Coronavirus lockdown.

9. Choose 3 Months Moratorium
The RBI has given 3 months leverage in which
you can skip the payment of your bills. You can
manage the Payments of Credit Card bill during
Coronavirus Lockdown.
It will not affect your Credit Score nor will
the bank impose any extra late payment
fees on your credit card bill.

10. The banks will continue charging interest on
outstanding amount, you have to pay an extra
sum of money as interest after 3 months.
If you are capable enough to clear
the bill on time then make use of
the online methods of payments.

11. You can get both your Personal Credit Score
and Business Credit Score by applying
directly on the link mentioned below:
Follow CRIF India on : /CRIF INDIA