HDFC Bank NEFT Transfer – Process, Timings & Charges

Features of HDFC NEFT

1. Quick and paperless: NEFT is a fast and convenient way to transfer funds electronically within India. With NEFT, you can avoid delays caused by cheques or demand drafts, as the transfer is done electronically. Moreover, NEFT transactions are paperless, meaning that there is no need for any physical documentation or paperwork, making the process simple and hassle-free. 
2. Nominal charges: The charges for NEFT transactions are minimal, making it an affordable option for transferring funds. This means that you can transfer money without worrying about high transaction fees, which is especially beneficial for individuals and small businesses. 
3. Online transactions free: NEFT transactions done online are free for all retail savings, salary, NR, managed, and non-managed individual customers. This means that you can transfer funds online without incurring any charges, making it an even more cost-effective option for transferring money. 
4. Credit card bill payments: For individuals who would rather pay their payments electronically, NEFT is a handy way to pay credit card bills. You can use NEFT to set up recurring payments on your account, which will guarantee hassle-free and timely payment of your credit card bills.     

All things considered, NEFT is a trustworthy and safe way to send money electronically within India. It is a convenient choice for both individuals and organisations because to its speedy and paperless processes, minimal fees, and free internet transactions. 

Different ways to make an HDFC NEFT transfer

There are several channels through which one can initiate an NEFT fund transfer. These include: 

1. Internet Banking: Customers can log in to their HDFC Bank internet banking account using their login credentials and initiate an NEFT transaction. They can enter the required details of the beneficiary, including the beneficiary's bank account number, name, and IFSC code. This mode of NEFT transfer is highly convenient as customers can transfer funds from the comfort of their homes or offices. 

1. Mobile Banking: The mobile banking software from HDFC Bank offers users a practical means of starting NEFT transactions. Consumers can choose 'NEFT' under the 'Fund Transfer' section after logging onto their mobile banking app. After that, they can input the beneficiary's information, which includes name, IFSC code, and bank account number. Customers who are constantly on the go will find this manner of transfer to be extremely helpful.  
2. Branch: To start a NEFT transaction, customers can also go to the HDFC Bank branch that is closest to them. The NEFT form, which is available at the branch, must be completed and turned in to the bank executive. The customer's details will be used by the bank executive to conduct the NEFT transaction. Customers who do not have access to internet or mobile banking may find this way of transfer handy.   

1. eNet: eNet is an internet banking facility for corporates provided by HDFC Bank. Corporate customers can log in to their Enet account and initiate NEFT transactions on behalf of their organization. The process for initiating an NEFT transaction through Enet is similar to that of internet banking, with the added benefit of bulk transactions and customized user access controls. 

In summary, HDFC Bank offers a variety of channels through which NEFT transactions can be initiated in order to meet the demands of a wide range of clients. Customers are free to select the channel that best fits their needs based on accessibility and convenience. 

To perform an NEFT transaction, the remitter needs to provide the following information: 

1. The amount to be transferred 
2. The remitting customer's account number from which the funds will be debited 

1. The name of the beneficiary bank 
2. The name of the beneficiary who will receive the funds 
3. The account number of the beneficiary 
4. Any additional sender to receiver information, if required 
5. The IFSC code of the destination bank branch where the beneficiary holds the account. 

This information is essential to initiate and complete the NEFT transaction process. It is important to ensure that the information provided is accurate and up to date to avoid any errors or delays in the transfer of funds. 

Process to Transfer Funds through NEFT from HDFC to any Bank

Step1: Login to the HDFC internet banking portal and sign in with the respective username and password. The first step is to make sure the beneficiary is added.

Step 2: Choose the 'Fund Transfer' option

Step 3: Choose the 'Add Beneficiary' option and also key in the type of beneficiary

Step 4: Choose the 'Transfer to other bank' option

Step 5: Key in the details of the payee (the person whom the money is being sent to) such as name, account number, IFSC code, bank name, branch name.

Step 6: Finalize the beneficiary and click on 'Confirm'

Step 7: The customer will receive a confirmation message

Increase HDFC Bank NEFT Limit 

The process that must be followed to increase the NEFT limit with HDFC Bank is mentioned below: 

1. Visit https://netbanking.hdfcbank.com/netbanking/. 

1. Log in to your account by entering the Customer ID/ User ID and password. 

1. Choose ‘Funds Transfer’. 

1. Select ‘Modify TPT Limit’. The option can be found in the ‘Request’ section. 

1. Next, you will find the option to change the limit. Choose ‘Increase’. 

1. Enter the card details to increase the NEFT limit. 

1. An OTP will be sent to the registered mobile number. Enter the OTP to complete the process. 

How to Add HDFC Beneficiaries – Guidelines

Please be aware that adding a beneficiary for the first time will require at least 30 minutes on the part of the bank. Some of the regulations and guidelines concerning the adding of beneficiaries are listed below:    

Therefore, in order to start a NEFT transfer, the customer must wait for the specified amount of time. Only in the first twenty-four hours following the beneficiary's activation can the account holder request a transfer of Rs. fifty thousand. The account holder has 48 hours to make a NEFT transfer with a maximum of Rs. 1 lakh. Please be aware that in order to start a NEFT transfer, a beneficiary must be added anew, even if they have already been added and there hasn't been a fund transfer for up to two years. 

The upper limit on the number of beneficiaries that can be added within a 24-hour window is 7

How to Pay Credit Card Bill through HDFC NEFT

Step1: Login to the HDFC internet banking portal and sign in with username and password

Step 2: Click on the 'Fund Transfer' tab and choose the 'Transfer to other bank' option

Step 3: key in the credit card number in place of the account number, add the beneficiary and other details

Step 4: Agree to all the terms and conditions

Step 5: Click 'Confirm' to complete the process

Please be aware that there are a few guidelines that should always be followed while paying credit card bills via NEFT. The HDFC bank NEFT service can be used to complete the credit card payment. The customer must ensure that third-party fund transfer and net banking are enabled before using this service. To receive the funds through this sort of fund transfer mechanism, the bank that issued the relevant credit card must be NEFT-enabled. Additionally, you must be aware of the bank's IFSC number, which is required to issue the credit card. 

Details Required to Carry Out a NEFT Transaction

1. The 16-digit beneficiary account number
2. Payee name
3. IFSC code

Fees and Charges for HDFC Bank NEFT

*Please note that GST charges may be levied for all HDFC bank NEFT transactions. Also, please keep in mind that the above rates are for each transaction carried out.

Timing for HDFC NEFT

Currently, during RBI working days, all NEFT transactions are permitted up to a maximum of Rs. 50 lakh and can be done Monday through Friday between 7:00 a.m. and 7:00 p.m. On working days and holidays, including the second and fourth Saturdays and Sundays, you can also make NEFT transfers between 07:00 p.m. and 07:00 a.m., up to a maximum of Rs. 2 lakh per beneficiary, contingent on the TPT limit.

Online NEFT Transactions

1. NEFT is now available 24*7, 365 days a year. 
2. This means that customers can initiate an NEFT transaction at any time, including weekends and public holidays. 

1. The settlement of funds to the beneficiary's account will be done as per the RBI batches. 
2. This is a significant change from the earlier timing when NEFT transactions could only be done during specific working hours on RBI working days. 

NEFT Transactions through Branches

1. NEFT transactions through branches are subject to the working hours of the respective bank branches. 
2. The exact timing may vary from bank to bank, and customers should check with their bank for the exact timings of NEFT transactions through branches. 

1. NEFT transactions through branches can only be done during the working hours of the bank branches. 
2. This means that customers cannot initiate NEFT transactions through branches outside of the bank's working hours. 

Overall, the availability of NEFT 24*7 has made it more convenient for customers to transfer funds electronically. It has also reduced the processing time for NEFT transactions, making it a popular mode of electronic fund transfer for individuals and businesses alike. The availability of NEFT transactions through branches during working hours has provided customers with an additional option for initiating NEFT transactions. 

Benefits of HDFC NEFT

1. The e-Monies features enable better NEFT services
2. Convenient
3. Easy and fast
4. Backed by the Reserve Bank of India (RBI)

Limitations of HDFC NEFT

NEFT has certain limits on the amount of funds that can be transferred per transaction and per day. The limits are as follows: 

1. Timing: NEFT transactions can be done between 7:00 AM to 7:00 PM on RBI working days. 
2. Daily limit: The maximum amount of funds that can be transferred per day is as per the customer's TPT (Third-Party Transfer) limit. This limit varies from bank to bank but is generally up to Rs.50 lakhs. 

1. Limit during non-working hours: A maximum of Rs. 2.00 lakhs can be transferred per transaction between 7:00 PM and 7:00 AM on working days and on holidays (including the second and fourth Saturdays and Sundays), subject to the customer's TPT limit. The consumer may transfer up to their selected TPT limit in multiples of Rs. 2 lakh. Moreover, the maximum amount at this time is Rs. 50 lakhs.  
2. Limit for newly added beneficiaries: For security reasons, the bank allows the customer to transfer up to Rs.50,000/- only to a newly added beneficiary (in full or parts) during the first 24 hours after adding the new beneficiary. 

Apart from these limits, NEFT can also be done through branch transfers during branch working hours, and the limit is as per the customer's requirement. 

It is important to note that these limits are subject to change and may vary from bank to bank. It is always advisable to check with your bank for the latest NEFT limits before making a transaction.

Why Choose NEFT for Your Fund Transfers?

1. Easy transfer of money from one account to another. 

1. Quick transfer of money. 
2. Multiple-step verification process to ensure safe transfer of money.

Offline NEFT Transactions: Process and Guidelines

NEFT transfer can be initiated offline by visiting the nearest HDFC Bank branch and filling out the NEFT form. Here are the step-by-step instructions for transferring funds through NEFT by visiting an HDFC Bank branch: 

Step 1: Visit any HDFC Bank branch. 

Step 2: Fill out the NEFT form with the correct details, including the amount to be transferred, beneficiary bank name, beneficiary name and account number, and the IFSC code of the destination bank branch.

Step 3: Make sure the form is signed by the appropriate signatories.

Step 4: Provide a cheque for the amount to be transferred.

Step 5: Submit the NEFT form and cheque to the bank representative.

Step 6: Once the transaction is processed, the funds will be transferred to the beneficiary's account. 

Note: It's important to ensure that the account details provided are accurate as HDFC Bank is unable to validate beneficiary details, and the bank is not responsible for any debits made to the account number provided by the customer. 

HDFC Bank customers can transfer money through NEFT

HDFC Bank customers can transfer money through NEFT by following the steps mentioned below:

Step 1: Adding a beneficiary 

1. Log in to HDFC Bank Net Banking/Mobile Banking using your Customer ID and Password. 
2. Go to the Funds Transfer tab and click on ‘Add a Beneficiary’ and then select Beneficiary Type – Transfer to another bank. 

1. Enter the beneficiary account details or credit card number and select the beneficiary's IFSC, using the bank and branch name. 
2. Click on ‘Add’, then ‘Confirm’ and authenticate yourself at the secure access step and wait for your confirmation message. 

Note: Post-activation of a beneficiary, Rs.50,000 (in full or parts) can be transferred for the first 24 hours. A maximum of 4 beneficiaries can be added in a period of 24 hours. 

Step 2: Making an NEFT funds transfer 

1. Go to the Fund Transfer tab and select ‘Transfer to other bank (NEFT).’ 

1. Select the account, beneficiary and enter the relevant details. 
2. Accept the Terms and Conditions. 
3. Review the details, and if all is correct, confirm to complete the process. 

Note: Post-activation of a beneficiary, you can transfer an amount up to Rs.50,000/- (in full or parts) for the first 24 hours. 

HDFC Bank NEFT Transfer via Mobile Banking

1. Log in to the HDFC Bank Mobile banking app. 
2. Go to the Menu (left-hand side top) and click on ‘Pay’ and select ‘Money transfer’ option. 
3. Click on ‘Add new payee’ and select transfer type (bank account or credit card). 
4. Enter payee details (HDFC AC or NON-HDFC AC, etc.) and select the IFSC, using the bank and branch name. 
5. Re-check all the details and click ‘Add’ and then ‘Confirm.’ 

Note: After completing the addition of the beneficiary, it will take 30 minutes for the Beneficiary details to get enabled in your account.