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HDFC NEFT

HDFC NEFT Details

HDFC NEFT is the inter-banking facility based on Deferred Net settlement under which transactions are credited in hourly batches for all the requests received in 30 minutes.

HDFC NEFT Transfer Modes Offline- Bank Branch
Online- Mobile/ Net Banking
HDFC Fund Transfer Limit Bank Branch- No Limit
Mobile/ Internet Banking- ₹25 Lakhs
HDFC Fund Transfer Charges Mobile/Internet Banking- Nil
Bank Branch- Upto ₹1,00,000 - ₹ 2 + GST and Above ₹ 1,00,000 - ₹10 + GST
HDFC Fund Transfer Timings 7 AM to 7 PM on RBI working day
Apply for Savings Account

HDFC National Electronics Fund Transfer - HDFC NEFT

HDFC Bank, which is one the leading Private Bank also provides an electronic method of fund transfer through internet banking by various modes such as NEFT, RTGS and IMPS. If you want to transfer funds through HDFC NEFT, you need to have required bank details, including the IFSC code of the recipient's Bank. There is no cap on the minimum and maximum amounts of funds that can be transferred. However, in cases when there is in-person cash-based remittance within India, the maximum cap is ₹ 50,000.

How Does HDFC NEFT Work?

HDFC NEFT or National Electronic Funds Transfer is the inter-banking facility maintained under RBI to transfer funds within the country. It is based on Deferred Net settlement which means the amount is credited in hourly batches along with the other payments for all the requests received in 30 minutes.

How to Transfer Funds through HDFC NEFT to Another Bank Account?

To transfer funds through HDFC NEFT to another bank account, you need to follow the below-mentioned steps:

  • Verify the transaction details and click on the Confirm button.
  • Save the reference number of the transaction for future reference.
  • Now, choose the drawee account, beneficiary, transfer amount, transfer description etc.
  • Firstly, log in your HDFC Net Banking Portal.
  • Next, accept the terms and conditions and click on Continue.
  • Now, Click on Fund Transfer tab.
  • Next, select the transfer type as per your requirement and click on Go button.

How to Pay Credit Card Bill Payment Through HDFC NEFT?

To make credit card bill payment through HDFC NEFT, follow the below-mentioned steps:

  • Firstly log in to the internet banking account by entering your user name and password.
  • Add your credit card as the beneficiary to make the credit card bill payment. You can find this option under third party transfer.
  • Now, provide the IFSC code of the credit card and enter the 16-digit HDFC Credit Card number in place of the account number.
  • Next, enter the bank name and enter the bank address of the credit card company/bank and click the submit button to make payment.

HDFC NEFT Fees & Charges

There are no transfer charges to receive money through NEFT. However, the person doing the transactions may have to bear certain charges depending on the Bank. The NEFT money transfer facility is available for NRE/ NRO accounts in the country.

Transaction Type NEFT Charges
Mobile and Internet Banking Nil
Bank Branch Upto ₹1,00,000 - ₹ 2 + GST and Above ₹ 1,00,000 - ₹10 + GST

Required Details to Proceed NEFT Transaction

To transfer funds through HDFC NEFT, you would require the following details.

  • Name of the beneficiary
  • Amount to be transferred
  • Customer’s account number
  • Name of the beneficiary’s Bank
  • IFSC code of the Bank’s branch
  • Account number of the person making the payment.

HDFC NEFT Timings

You can transfer funds through HDFC through mobile/internet banking or by visiting the bank branch. The users can transfer funds through NEFT, as mentioned below:

Banking Days NEFT Timings
Monday to Friday & Working Saturday 7 AM to 7 PM on RBI working day

HDFC NEFT Limits

As per the RBI guidelines, there is no cap on minimum amount and maximum for fund transfer through HDFC NEFT. However, you can transfer up to ₹ 25 Lakhs on HDFC NEFT, through HDFC Internet Banking.

Benefits of Using HDFC NEFT

The system of NEFT fund transfer provides the following features and benefits for fund transfer to the customers:

  • NEFT Limit: There is no minimum limit for fund transfer under NEFT.
  • Transfer Modes: You can transfer funds through NEFT by offline and online methods. To transfer funds offline, you need to visit the bank, and you can also transfer funds through net banking.
  • No risk: As all NEFT transactions in India are regulated by the RBI, hence making it a highly reliable channel.
  • Reliable and efficient process: It is very easy and convenient to transfer funds through HDFC NEFT.
  • Cost-effective: The processing fee and charges are very low for HDFC NEFT and hence is one of the most common channels to send funds.

FAQs

What is the charge for HDFC NEFT?

If you want to transfer funds through HDFC NEFT, you need to bear charges based on your transaction amount. While the charges for NEFT fund transfer through mobile/internet banking are Nil, you need to bear transaction charges of Upto ₹1,00,000 - ₹ 2 + GST and Above ₹ 1,00,000 - ₹10 + GST, if you want to do NEFT fund transfer through HDFC branch.

What is NEFT transfer in HDFC?

HDFC, which is one of the leading Private Bank, provides an electronic method of fund transfer based on deferred net settlement wherein the amount is credited in hourly batches along with the other payments for all the requests received in 30 minutes.

How much time does it take for NEFT transfer in HDFC?

All transactions done through HDFC NEFT are credited in hourly batches. So all requests received in 30 minutes are credited together.

How much money can be transferred through HDFC NEFT in a day?

There is no limit for the minimum and maximum amount that can be transferred through HDFC NEFT.


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