FAQ: What Is Autopay In Hdfc Credit Card?

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How does HDFC credit card autopay work?

Using Autopay Option To Pay HDFC Credit Card Bill You can use the Autopay option and set a standing instruction for the auto debit of the credit card outstanding from your HDFC savings account. This way, you can easily pay the total or the minimum amount due on your card every month.

How does autopay work for credit cards?

Credit card autopay is a service provided by many credit card issuers that automatically pays off the balance when a statement is posted. The customer still decides how much to pay and when the payment is deducted. Paying the full statement balance is the only option that avoids accruing interest.

How do I stop autopay on HDFC credit card?

How to Deactivate HDFC Credit Card Auto Debit Facility

  1. Step 1: Log on to your HDFC internet banking.
  2. Step 2: Find the ‘Bill Pay and Recharge’ button and click.
  3. Step 3: Click the ‘Continue’ button.
  4. Step 4: Click the ‘Standing Instruction’ button.
  5. Step 5: Click the ‘View/ Stop Scheduled Bills’ button.
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What is autopay in HDFC Bank statement?

What is a autopay? Autopay is an automated system used in banks to pay off the bills on a specific time on monthly, yearly, or on a regular basis. A specific order is instructed by you to send a specific fund to an account in time.

Does HDFC charge for AutoPay?

Auto Debit return charges 2% on payment amount subject to minimum of Rs. 450/‐* (* Please note charges are subject to change at the discretion of HDFC Bank.

How long does AutoPay take to process?

Payments are withdrawn approximately two to three days before your bill due date. There is no processing delay after you set up AutoPay. For example, a bill due the day after AutoPay is set up could process.

Is AutoPay a good idea?

As you can see, automatic bill payment can be helpful, but only if you’re organized and committed to monitoring your finances. As long as your monthly expenses are consistently less than your income — for most of us that means a job that pays us more than we spend — automatic bill pay could work for you.

Does AutoPay hurt credit score?

Automatic payments could help your credit score, but only if you time the payment to happen before the credit card’s statement due date and around the same time you know there will be enough money into your bank account. Making even one late payment could ultimately hurt your credit score.

Should you use credit card autopay?

For this reason, experts suggest using autopay for every one of your credit card bills. As long as you know you have the expected money in your checking account each month (to prevent any overdraft fees), autopay is one of the easiest ways to streamline your finances and sleep better at night.

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How do I stop a automatic payment on my credit card?

2 Steps To Stop Automatic Payments

  1. Cancel the payment with the company directly; this is often the easiest way. Just contact the company and request for cancellation.
  2. Ask your bank or credit provider to cancel; the Financial Conduct Authority demands that all banks must cancel when asked.

What is HDFC credit card smart pay?

SmartPay is a customer friendly feature that allows you to automatically make all your utility bill payments through your HDFC Bank Credit Card. You can use SmartPay to pay your electricity bills, telephone bills, mobile phone bills, water bills, gas bills and insurance premiums.

How do I stop auto debit?

How to stop automatic debits from your account

  1. Call and write the company. Tell the company that you are taking away your permission for the company to take automatic payments out of your bank account.
  2. Call and write your bank or credit union.
  3. Give your bank a ” stop payment order”
  4. Monitor your accounts.

What is Bill Pay HDFC?

Pay via a simple process – add a biller once, and automatically receive bills in your account. Make utility and service payments —mobile, DTH, electricity, gas, insurance, broadband, telephone, mutual funds, etc.

How can I set HDFC auto debit?

Standing Instruction on Debit Card can be enabled using the ‘ Set /Modify Standing Instruction on Debit Card’ option and click on ‘ Set ‘ against the registered biller. You can also enable Standing Instruction on Debit Card for a biller at the end of the Biller Registration Process.

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