HDFC Bank provides NEFT (National Electronic Funds Transfer) services, enabling customers to transfer money securely across banks in India. HDFC NEFT Charges depend on the transaction mode and amount. Online NEFT transfers via internet and mobile banking are usually free and operate 24/7. Customers should check the latest fee structure for updated HDFC NEFT Charges before making a transaction.
Keep reading to understand HDFC NEFT Charges in detail for various types of transactions, including the transaction limits, NEFT timings, and so on!
HDFC Bank’s NEFT Charges include no charges for online and mobile banking transactions. However, for offline transfers, charges go up to ₹25 for a maximum transaction amount of over ₹2 lakh.
HDFC NEFT Charges
For online transactions via HDFC NetBanking and HDFC Bank MobileBanking App, the NEFT charges are free of cost. However, when it comes to transactions via bank branches, NEFT transactions include charges.
| Transaction Amount | Charges |
|---|---|
| Upto ₹10,000 | Up to ₹2.50 |
| ₹10,000 to ₹1 lakh | Up to ₹5 |
| ₹1 lakh to ₹2 lakhs | Up to ₹15 |
| Over ₹2 lakhs | Up to ₹25 |
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HDFC NEFT Limits & Timings
The HDFC Bank’s NEFT service comes with specific transaction limits based on the time of transfer. The table below shows a quick overview of the HDFC NEFT Limits as per the respective NEFT Timings.
| HDFC NEFT Limit (Maximum as per TPT) | HDFC NEFT Timings |
|---|---|
| Upto ₹50 lakh | 7 AM to 7 PM (RBI Working Day) |
| Upto ₹2 lakh | 7PM To 7AM (Working Days & All Holidays, including 2nd & 4th Saturdays & Sundays) |
| ₹50,000 | Within the first 24 hours of adding the new beneficiary |
Note: For online and mobile banking transactions wherein the maximum transfer limit is up to ₹50 lakh per day is based on the customer’s Third Party Transfer (TPT) limit. For branch-initiated transactions, the limits are subject to the branch’s operational hours and guidelines.
HDFC NEFT Fund Transfer
Fund transfers via HDFC NEFT transactions can be done in two ways, that is, online and offline fund transfers. Let’s have a look at each of them:
HDFC NEFT Fund Transfer Online
HDFC Online NEFT transactions can be done via NetBanking and MobileBanking.
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- HDFC NetBanking
Below are the steps to follow for HDFC NEFT fund transfers via HDFC NetBanking:
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- Visit the official HDFC NetBanking portal.
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2.Enter your Customer ID and Password.
3.Click on ‘Fund Transfer’ and select the ‘NEFT’ option.
4.Click on ‘Add Beneficiary’ and enter the beneficiary type.
5.Click on ‘Transfer to Another Bank’.
6.Enter the Receiver’s details such as Name, IFSC Code, Bank Name, Account Number, Branch Name, etc.
7.After the amount has been transferred successfully, a confirmation message will appear.
2.HDFC MobileBanking
For NEFT transfer via HDFC Bank’s MobileBanking app, here are the steps to follow:
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- Install and open the HDFC Bank MobileBanking App.
- Follow the steps to add a beneficiary if not added.
- After the beneficiary has been activated, Go to ‘Funds Transfer’ and select ‘Transfer to another bank (NEFT)’.
- Choose your account and Select the beneficiary.
- Enter the transfer amount.
- Check the details and confirm the transaction.
Also, read the instructions below to understand how to perform HDFC NEFT Fund Transfer offline.
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HDFC NEFT Fund Transfer Offline
Here are the steps to follow if you want to transfer funds via offline mode:
- Visit the nearest HDFC Bank branch.
- Request the NEFT/RTGS fund transfer form.
- Fill in the details in the application form such as Name, Account Details, Amount, etc.
- Submit the completed form to the bank official with the amount to be transferred.
- Your NEFT Request will be processed by the bank official.
Note that the fund will be transferred based on the processing time of the recipient’s bank.
HDFC NEFT vs IMPS vs RTGS
The table below shows a comparison between HDFC NEFT and other types of electronic fund transfer such as IMPS (Immediate Payment Service) and RTGS (Real-Time Gross Settlement).
| Feature | NEFT | IMPS | RTGS |
|---|---|---|---|
| Availability | 24×7, including holidays | 24×7, including holidays | 24×7, including holidays |
| Transaction Limits | No minimum limit. Maximum limit varies by customer profile and channel | Up to ₹5 lakh per transaction | Minimum ₹2 lakh. No upper limit |
| Purpose | Non-urgent transactions of any amount | Immediate transfers of smaller amounts | High-value transactions requiring immediate clearance |
| Charges | Free online transfers. Transfers via bank branches include charges that may vary | Varies with amount | Varies with amount |
| Settlement Speed | Processed in half-hourly batches | Instant transfer | Real-time settlement |
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