Credit Card to Bank Account Money Transfer

ShavirB

Founder
Staff member
What are some unique ways to transfer Balance from Credit Card to Bank Account with ZERO Charges? Ideally without using any 3rd party apps

P.S- Best answer/s will be featured in bekifaayati's YT Video on same topic :)
 

zack54

KF Mentor
I have noticed that among all the credit cards HSBC will not charge processing fee on rent pay via cred app. Although it's not comes in zero charges category, but as compare to other cards it is cheaper:)
 

zack54

KF Mentor
Hey bro just connect rupay card to upi and than make fi bank account and add money through it
Dear Sagar,

Thanks for the tip. I tried the procedure and money added successfully for the first time, but after that it failed everytime. Unable to add money through UPI from rupay credit card to Fi account.

Can you suggest what to do or are you able to add money everytime. Please share further.
 

luciferocious

KF Mentor
use cdbc apps from various bank and load money using rupay cc and then transfer it to bank for free. works with idfc bannk digital rupee app. personally verfied
 

rafzy

KF Rookie
use cdbc apps from various bank and load money using rupay cc and then transfer it to bank for free. works with idfc bannk digital rupee app. personally verfied
I used this before with hdfc and sbi cdbc apps, buy si ce last 2 months its patched. So to have idfc cdbc, i need an idfc bank account, right? Or can i use any bank a/c
 

ShavirB

Founder
Staff member
use cdbc apps from various bank and load money using rupay cc and then transfer it to bank for free. works with idfc bannk digital rupee app. personally verfied
@luciferocious Would help if you could lay out the exact steps in detail

I checked on IDFC's website, it's only showing 2 options to add money in Digital Wallet
a.Linked Banked Account (if you want to use your linked IDFC FIRST Bank Account)
b.Other UPI Account (if you want to use any different UPI Account)

Not sure how Rupay Credit Card can be used here for adding money
 

luciferocious

KF Mentor
@luciferocious Would help if you could lay out the exact steps in detail

I checked on IDFC's website, it's only showing 2 options to add money in Digital Wallet
a.Linked Banked Account (if you want to use your linked IDFC FIRST Bank Account)
b.Other UPI Account (if you want to use any different UPI Account)

Not sure how Rupay Credit Card can be used here for adding money
use other upi account and it will show you the upi apps installed on your phone. use gpay/phonepe/bhim connected with rupay cc and use it load it. nothing special in the steps

use the idfc digital wallet app on mobile rather than website
 

ShavirB

Founder
Staff member
use other upi account and it will show you the upi apps installed on your phone. use gpay/phonepe/bhim connected with rupay cc and use it load it. nothing special in the steps

use the idfc digital wallet app on mobile rather than website
Hi, your answer has been shortlisted as the best one and it will be featured in bekifaayati's video on YT. Video will go live at 7 PM today
 
use cdbc apps from various bank and load money using rupay cc and then transfer it to bank for free. works with idfc bannk digital rupee app. personally verfied
NPCI already release a circular to block RuPay CC UPI transaction on CBDC apps -

Official Link - ***********.npci.org.in/PDF/npci/up...C-and-UPI-Interoperability-for-P2P-UPI-QR.pdf

Further, it is also mandated that the loading of CBDC wallets via RuPay Credit Card on UPI as the payment mode shall not be allowed. This restriction should be implemented at the CBDC wallet issuer bank end.
 

luciferocious

KF Mentor
NPCI already release a circular to block RuPay CC UPI transaction on CBDC apps -

Official Link - ***********.npci.org.in/PDF/npci/upi/circular/2023/UPI-OC170-A-FY-23-24-Addendum-to-RBI-Digital-Rupee-CBDC-and-UPI-Interoperability-for-P2P-UPI-QR.pdf

Further, it is also mandated that the loading of CBDC wallets via RuPay Credit Card on UPI as the payment mode shall not be allowed. This restriction should be implemented at the CBDC wallet issuer bank end.
yup already mentioned sir
 

zack54

KF Mentor
yup already mentioned sir
Hello,
I read the details shared by you regarding the bank account transfer, I tried too but not successful cause I am not holding IDFC bank account. Currently I am holding bank accounts of HDFC, PNB, IDBI, Federal etc. Also rupay card I am holding from Hdfc, pnb, icici, indus, axis etc. Is there any other possible idea to make a successful transfer using rupay card.

Please suggest.

Thankyou
 
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