Credit Card Facility: You can easily take advantage of this facility sitting at home. There are some banks in the country which provide important benefits like auto debit to the credit card holders.
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Credit Card Auto Debit Facility: If you use a credit card, you can use your credit card auto debit facility If you want to activate and deactivate, then you can easily take advantage of this facility sitting at home. There are some banks in the country which provide important benefits like auto debit to the credit card holders. In fact, from OTT subscriptions to monthly broadband bills, there are many expenses in our modern lifestyle that require recurring payments on a weekly, monthly or quarterly basis. It becomes tiresome to remember all the renewal dates and pay for each of them separately.
An auto debit solves this problem by automatically transferring funds on a pre-defined date to pay recurring bills like home mortgage EMI, property loan, vehicle loan, utility bills, credit card bills, etc., reports Money9. Is. Credit cardholders who sign up for the Auto Debit service are eligible for significant benefits.
What is auto debit facility
Under the Auto Debit service, we will submit your payment transaction to your registered bank on your behalf on your payment due date, and then the debit will be executed from your bank account. You no longer need to use traditional methods of writing checks to the payee or going through the time-consuming process of making payments manually by entering bank details of the supplier or service provider. This feature eliminates the possibility of mistakes while entering long bank account numbers. Almost all banks in India, whether public or private, offer auto debit payments.
Benefits of Auto Debit Payment
- Time saving: You can be sure that recurring credit card payments are made through your account on a consistent basis, saving you a lot of time every month.
- Relief from Penalty: Many sellers charge a penalty if you pay after the due date. You can save money on both penalty and interest by availing this service.
- Facility : This facility is a modern facility. This is the most convenient method in today’s world where most platforms require weekly, monthly, quarterly or annual subscription fees.
- low risk : No one else can misuse the payment, auto-debit of the bank account reduces the risk of identity theft to nil.
- Use of two payment methods : You can use either of the two payment methods, TAD or MDA, with this facility. The characters ‘TAD’ and ‘MDA’ stand for Total Amount Due and Minimum Amount Due respectively.
How to activate auto debit facility in SBI credit card
SBI customers need to download the auto debit activation form from the bank’s website www.sbicard.com and then get the form cross-validated from the concerned banker after filling it up. The physical copy should be mailed to SBI Cards & Payment Services Private Limited PO Box 28 GPO, New Delhi – 110001. In this way you can activate the credit card auto debit feature.
How to deactivate auto debit facility in SBI credit card
You must first download the auto debit deactivation letter from the official website of the bank www.sbicard.com and then fill it. The letter should be sent to the following address: SBI Cards & Payment Services Private Limited PO Box 28 GPO, New Delhi – 110001 Must be mailed again. In this way you can disable the credit card auto debit feature.
How to activate HDFC credit card auto debit facility
- Log in with your HDFC Credit Card Internet Banking credentials.
- Select Bill Payment and Recharge option.
- Then, select the option ‘Billpay & Recharge’. When you click on the button, you will see ‘Add Biller’ button.
- When you click on the ‘Add Biller’ button, the ‘Enter New Biller Details’ button will appear.
- You need to select the Credit Card option and Standing Instruction.
How to deactivate auto debit facility in HDFC netbanking
- Create an account with HDFC Internet Banking.
- Select Bill Payment and Recharge option.
- Select “Continue” from the drop-down menu.
- Select “Standing Instructions” from the drop-down menu.
- Tap “View/Pause Scheduled Bills”.
- After getting the biller name, press the “STOP” button.
- Find and click on the “My Billers” button.
- Select ‘View/Delete Billers’ from the drop-down menu.
- The screen will now display the list of current billers. Click on the blue “Trash” icon to delete the biller.
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