Transferring Money from any Credit Card to Bank Account in India

I have found a lot of ways but most of them are false except only one way. The only way to transfer money from Credit Card to Bank account is to use PayZap app provided by HDFC

PayZapp app lets you to add money from any credit card and then lets you to transfer the money directly to any bank account with around 3% charges (If you are transferring Rs 1000, charges will be around Rs 30)

Here are the steps you should follow

Step 1: Install PayZapp app from HDFC

Step 2: If you are an HDFC customer, your KYC will be instantly verified as soon you enter the customer number

Step 3: Add money to PayZapp using Credit Card (Click on Balance at the top and then click on Add money icon on the right)

Step 4: Enter the amount and click on “Add Money” ,Then enter the Card Details and add the money from your CreditCard

Step 5: Once the money is added, Click on Send Money and then enter your own Bank account details along with IFSC code

Step 6: Once details are added, Click on Send Money ===> Choose a Beneficiary

Step 7: Enter the amount that needs to be transferred and in the next screen after verifying the Account No and Beneficiary Name, click on confirm. As soon as you click on confirm, the money will be transferred instantly as all the transactions are done through IMPS

See the screenshot of PayZapp app by which I transferred the money from my CreditCard to Bank account. The only downside is they charge about 3% of the money transferred (Rs 30 for 1000)