This is a major boost for credit card subscribers, especially those who bank with Standard Chartered Bank, as the financial institution has recently made changes in the kind of payment options the customers can use to clear their credit card balances. Having this new policy in mind, customers can no longer make payments on their credit card bills through CRED –Paytm – PhonePe – Google Pay – or Amazon Pay among others.
New Payment Guidelines for Users of Standard Chartered Credit Card
Standard Chartered Bank has apprised its credit card holders that given the new directions of the BBPS payments through third-party facilities will not be entertained anymore. Cautiously, users will at the moment have to rely on other kinds of payment systems while the bank tries to approve payments through these sites.
Available Payment Methods
- Credit card holders can continue to make their payments using the following methods: Credit card holders can continue to make their payments using the following methods:
- Online Banking: Visit the Online Banking or the Mobile Banking facility provided by the Standard Chartered Bank go to the Payments tab and transfer the credit card bill directly from the Standard Chartered Bank account.
- Other Bank Accounts: The money can be transferred ante through the bill desk or by making a NEFT/ITBF transfer. Complete instructions are available at the website of Bill Desk.
- NACH Registration: Make use of the National Automated Clearing House (NACH) by registering to automate the bill payments.
- Cheque/Demand Draft: Pay at any branch of Standard Chartered Bank by presenting a cheque or a demand draft.
- Cash Deposit: Apply the payment methods that involve depositing of cash through the banks so that you clear your balances on credit cards from the Standard Chartered Bank.
Why This Change?
The update is particularly to align with the latest BBPS standards that the bank is striving to meet. The alterations in the type of payment accepted are focused on increasing the level of protection and swiftness of payments. Even though Standard Chartered Bank does not explain whether or not this restriction is indefinite or in anticipation of some future maintenance, the bank assures its clients that all other methods are equally convenient and effective.
Stay Informed
To get the latest on your Standard Chartered credit card, options for managing your payment, and other services you can turn to the official channels of communication of the bank as well as check their website frequently.
