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HDFC Bank IMPS

HDFC Bank IMPS Details

Last Updated 15th Oct 2020

HDFC IMPS or Immediate payment service is the inter-banking facility based on a real-time fund transfer system from HDFC to another bank.

HDFC IMPS Transfer Modes Offline- ATM
Online- Mobile/ Net Banking
HDFC Fund Transfer Limit ₹ 2 Lakhs
HDFC Fund Transfer Charges Mobile and Internet Banking - Nil
Bank Branch - Upto ₹1 Lakh - ₹5+ GST and ₹1 Lakhs - ₹2 Lakhs - ₹15+ GST
HDFC Fund Transfer Timings 24*7
    Apply for Savings Account

    HDFC Immediate Payment Services

    HDFC Bank Immediate Payment Service or IMPS is a real-time fund transfer system from HDFC to another bank initially started through mobile phones and is now extended to net banking and ATM. If you want to transfer money through HDFC IMPS, you need the recipient's account number and IFSC or Aadhaar number. You can also make payments through IMPS using a Mobile Money Identification Number (MMID) and mobile number.

    HDFC IMPS Charges

    If you are making payments through HDFC IMPS, the beneficiary does not have to pay any transfer charges to receive money through IMPS; however, you will have to bear the charges as mentioned below:

    Transaction Type IMPS Charges
    Mobile and Internet Banking Nil
    Bank Branch Upto ₹1 Lakh - ₹5+ GST and ₹1 Lakhs - ₹2 Lakhs - ₹15+ GST

    How to Register for HDFC IMPS?

    • To make payments or receive payments or transfer funds from one account to another through HDFC IMPS, you need to have a mobile banking/net banking account.
    • You can apply for the registration of the same at the time of opening of your HDFC account and receive your 7-digit MMID.
    • You can also generate MMID through the mobile application, through SMS or by calling HDFC customer care.
    • Once you have successfully registered for mobile banking and received an MMID, you can download the mobile application or log in to your net banking account.

    How to Transfer Money Using HDFC IMPS with IFSC?

    To transfer money using HDFC IMPS with IFSC code, follow the below-mentioned steps:

    • Login to your HDFC portal by using your user name and password.
    • Now, Click on Payments Transfer and then on 'Fund Transfer' as you go to 'IMPS Funds Transfer'.
    • Next, choose the 'Person to Account' option and click Proceed.
    • Now, add beneficiary details such as name, account number, IFSC code, etc
    • Enter the amount that you need to transfer and click on the Submit button.
    • Verify all the details and click on Confirm.
    • Finally, use the mobile-based OTP authentication to approve the transaction.

    How to Transfer Funds Using HDFC IMPS with MMID?

    To transfer money using HDFC IMPS with MMID, follow the below-mentioned steps:

    • Login to your HDFC portal by using your user name and password.
    • Now, Click on Payments Transfer and then on 'Fund Transfer' as you go to 'IMPS Funds Transfer'.
    • Next, choose the 'Person to Person' option and click Proceed.
    • Now, provide the MMID and mobile number.
    • Enter the amount that you need to transfer and click on the Submit button.
    • Verify all the details and click on Confirm.
    • Finally, use the mobile-based OTP authentication to approve the transaction.

    How to Get MMID for HDFC IMPS?

    MMID or Mobile Money Identification Number is a 7-digit number used to transfer funds through IMPS mode from one account to another through mobile banking or net banking.

    • As you open an HDFC account by visiting the HDFC bank branch, you can request for mobile banking registration and get an MMID number for making and receiving payments.
    • You can also generate MMID using your HDFC mobile banking account as you log in the account.
    • An MMID number can also be generated by calling HDFC customer care or by request through SMS.
    • Finally, you can also get MMID through an ATM. To generate MMID, you need to swipe your HDFC card, opt for mobile registration and follow the steps as instructed.

    How to Add Payee for HDFC IMPS?

    If you want to add beneficiary/payee for HDFC IMPS fund transfer IFSC code, you need to follow the below-mentioned steps:

    • Firstly, log in to the HDFC portal.
    • Now, under the profile tab, click on 'Manage Beneficiary' and then on 'IMPS Beneficiary'.
    • Next, enter the payee name, MMID number, country, mobile number and click on the 'Submit' button.
    • Finally, you can approve the details of payee through mobile-based OTP verification.

    Benefits of HDFC IMPS

    You can get the following features and benefits by using HDFC IMPS facility for making and receiving payments.

    • Instant service: Unlike any other modes of fund transfer, the transactions done through HDFC IMPS are not settled batch-wise and will always reach the payee instantly.
    • 24*7: You can do HDFC IMPS transactions on a 24/7 basis, including on bank holidays. Thus, customers can conveniently initiate fund transfers anywhere and at any time.
    • Multiple channels: HDFC IMPS transactions can be done through various channels such as internet banking, mobile banking and also through an ATM facility.
    • SMS-based verification: The transactions through HDFC IMPS are safe and reliable. Any transactions carried out through IMPS will receive mobile-based confirmation.

    Top Banks Providing IMPS Facility

    HDFC IMPS Transfer Limits

    While you can transfer up to ₹ 2 Lakhs on HDFC IMPS, through HDFC Internet Banking. However, to transfer money through HDFC IMPS by visiting the bank branch, the charges are imposed subject to the date of period of using the IMPS facility.

    As per the RBI guidelines, you can transfer up to ₹ 2 Lakhs on HDFC IMPS fund transfer through mobile/internet banking and by visiting HDFC Bank.

    HDFC IMPS Timings

    You can transfer money 24*7 through HDFC IMPS facility at any time of the day, unlike other modes of money transfers. The facility is available for both IMPS Inward and Outward transactions.

    Top Applications Offering UPI Facility

    FAQs

    What is IMPS transfer in HDFC?

    HDFC IMPS transfer facility is the instant inter-banking transfer facility that allows you to do transactions 24*7 through multiple channels like mobile/net banking or through ATMs.

    Does HDFC charge for imps?

    No, HDFC does not charge any fees for IMPS transfers through multiple channels.

    How can I transfer money through IMPS in HDFC?

    You transfer money through HDFC IMPS using MMID code or IFSC code using multiple channels such as mobile/internet banking or ATM.

    How long does an IMPS transfer take on HDFC?

    While you can transfer funds through HDFC IMPS 24*7, however, you can add and approve only one beneficiary in a day. The same can be activated within 4 hours, from 6.00 AM to 8.00 PM (IST). If you have approved the beneficiary after 8.00 PM, it will be activated on the next day after 8.00 AM (IST).


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