HDFC Bank is a leading bank in the Indian banking sector and provides various online fund transfer services.
Broadly there are 3 ways in which you can make electronic payment in HDFC - RTGS, NEFT, IMPS. Before proceeding, it's important to understand the differences between the 3 modes.
RTGS/NEFT/IMPS Transfer with HDFC Bank:
There are two ways to initiate an RTGS / NEFT/ IMPS transfer with HDFC Bank:
Step 1: Download and Complete the Form
Remember to carry the following things with you while submitting the RTGS form:
How to Fill up the Form?
Conclusion - When to use what?
Broadly there are 3 ways in which you can make electronic payment in HDFC - RTGS, NEFT, IMPS. Before proceeding, it's important to understand the differences between the 3 modes.
| Type of Transfer | NEFT | IMPS | RTGS |
| Speed of settlement | Half hourly | Real-Time | Real-Time |
| Maximum Transfer Value | No Limit | Rs. 2,00,000 | Rs. 50,00,000 |
| Minimum Transfer Value | No Limit | No Limit | Rs. 2,00,000 |
| Charges | Rs 2 + GST (Upto 1,00,000RS) Rs 10 + GST (Above 1,00,000) | Rs 5 + GST (Upto 1,00,000RS) Rs 15 + GST (1,00,000-2,00,000) | No Charges in Online Transfer. (Rs. 15 + Applicable GST on branch submitting) |
| Timing | 24x7, 365 Days | 24x7, 365 Days | Anytime except 23:30-00:30, due to cut-off |
RTGS/NEFT/IMPS Transfer with HDFC Bank:
There are two ways to initiate an RTGS / NEFT/ IMPS transfer with HDFC Bank:
- Offline submission /In Branch Request (FOR RTGS/NEFT)
- Mobile Banking (FOR RTGS /NEFT /IMPS).
Step 1: Download and Complete the Form
- Download the attached NEFT/RTGS form (in PDF format). This same form will be provided to you if you choose to initiate the transfer through an in-branch request.
- Print a clear copy of the downloaded form.
- Fill out the form completely and accurately. How to fill up the form is mentioned below
Remember to carry the following things with you while submitting the RTGS form:
- Debit instruction of your HDFC Bank account/ cheque leaf with transfer amount, and ‘HDFC Bank Ltd. – RTGS’ as payee.
- Aadhaar card, PAN card and Voter ID are must for transactions more than 50,000RS.
How to Fill up the Form?
- Provide the HDFC bank branch name, time and date.
- Then tick the RTGS/NEFT column.
- Also Mention the Cheque leaf number and write the amount to be transferred.
- Then, fill out the Beneficiary Details including their name, account number, address, Bank Name/IFSC code and amount.
- Also tick the resident/non-resident tick boxes.
- Mention the amount (both in amount and words) you want to transfer in the next column
- Provide your own details which include your name, account number
- Mention your personal details - email, phone number and address. This is important so that in case the transaction doesn’t go through you’ll get the notification on above mentioned details.
- Now give the terms and conditions a thorough reading and tick the RTGS/NEFT tick boxes.
- Provide your Signature.
- Visit your nearest HDFC Bank branch.
- Submit the completed NEFT/RTGS form along with any required identification documents to a bank teller or customer service representative.
- Once your request is processed, the funds will be transferred to the beneficiary's account.
- Download and login into your HDFC Bank MobileBanking App.
- Type in your PIN to access the app.
- Go to the Funds Transfer Tab.
- Choose from IMPS or NEFT.
- Fill in details of Beneficiary, MMID, Amount, and Remarks and click on continue.
- You will get a confirmation sms for IMPS transaction.
- Enter the PIN and confirm to initiate the transaction.
Conclusion - When to use what?
- For urgent, high-value transfers: Use RTGS if speed is critical and the amount is substantial. Be aware of minimum transfer limits and potential fees.
- For routine transfers and bill payments: NEFT is a convenient and cost-effective option for transfers within India, although it's not real-time.
- For small, urgent transfers: IMPS is ideal for immediate transfers of smaller amounts, even on holidays. Be mindful of potential maximum limits and fees.
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