I don’t want to miss my Kotak credit card due date and end up paying late fees and interest, so I’m looking for a way to automate my bill payments. Does Kotak offer an auto-debit facility, and can I link it to my Kotak savings account or another bank account?
I’d also like to know if I can choose between paying the total outstanding amount or just the minimum due every month. What’s the process for setting it up through net banking, the mobile app, or by visiting a branch? Also, if I ever want to change or cancel auto-pay, how can I do that?
Setting up auto-pay for your Kotak credit card bill is a great way to avoid late fees and ensure your payments are always on time. Here’s how I set it up, and what you need to know:
First off, Kotak offers an auto-debit facility, which you can link to either a Kotak savings account or an external bank account. The best part is you can choose to pay either the total outstanding amount or the minimum due every month. I personally go for the total outstanding amount, so I don’t have to worry about interest or carrying a balance.
To set up auto-pay, you can either do it through:
Net banking: Log in to your Kotak net banking account, navigate to the credit card section, and select the option for auto-payment setup.
Kotak mobile app: Go to the credit card tab and look for auto-pay settings to link your account and select the payment amount (either minimum due or full balance).
Branch visit: If you prefer in-person help, you can also visit your nearest Kotak branch and request them to set up auto-pay.
Once set up, your payments will be automatically debited from your linked account on the due date, so you don’t have to worry about remembering to make the payment.
If you ever need to change or cancel auto-pay, you can do it through net banking or the mobile app, or by contacting customer care at 1860 266 2666. It’s quick, and you’ll receive a confirmation once the change is made.
Setting this up gave me peace of mind because I don’t have to keep track of every payment manually.