HDFC Bank is one of the largest banks in India offering number of banking related products including credit cards, debit cards, RTGS, IMPS, NEFT, accounts, loans and advances to its customers. One such important banking product includes Immediate Payment Service (IMPS) under which a real time inter-banking electronic fund transfer is made. The HDFC Bank offers its service to its customer 24x7x365.
Features and Benefits of HDFC Bank IMPS
Mentioned below are certain features and benefits of HDFC Bank IMPS:
- Instant Transfer: With HDFC IMPS, customers can transfer the amount instantly to beneficiary’s account without any delay i.e. in real time. IMPS is one of the fastest modes of payment when it comes transfer money to beneficiary’s account.
- 24×7 Availability: IMPS is available to the customers 24×7. This means customers can transfer funds anytime i.e. even on bank holidays, public holidays and weekends.
- Secure Mode of Payment: IMPS offers safe and secure mode of payment to its customers. HDFC bank uses some of the advanced security feature such as two-factor authentication, encryption and so on to ensure the safety of customer’s fund and personal information.
- Easy to Use: HDFC Bank IMPS is easy to use and requires minimal efforts to proceed with the transaction.
How to Make Money Transfer Using IMPS?
HDFC Bank offers different modes to make IMPS Payment including Net Banking and Mobile Banking. Given below are some of the ways through which one can make IMPS transactions:
Mobile Banking
Given below are the steps required to make IMPS Payment through mobile banking:
Step 1: Login to your Mobile Banking App using your credentials.
Step 2: Select ‘Fund Transfer’ option.
Step 3: Choose ‘IMPS’ option
Step 4: Now enter the beneficiary’s mobile number, account number and IFSC Code
Step 5: Enter the amount to be transferred
Step 6: Confirm the transaction using your password
Step 7: Now your entered amount will be transferred instantly to the beneficiary’s account
Internet Banking
You can use HDFC Bank Internet Banking portal to avail HDFC Bank IMPS Service. Follow the steps given below:
Step 1: Login to HDFC Bank Internet Banking portal using your credentials
Step 2: Select ‘Fund Transfer’ option. Choose ‘IMPS’ option
Step 3: Enter the beneficiary’s mobile number, account number and IFSC Code to continue
Step 4: Enter the amount you wish to transfer
Step 5: Enter the password. Now your entered amount will be transferred within seconds.
HDFC IMPS Charges
There are certain charges that HDFC charges from its customers who wish to avail IMPS services:
| Transaction Amount (In Rupees) | Charges |
| 0- 1000 | Rs 3.50 + applicable GST |
| 1001 – 100000 | Rs 5 + applicable GST |
| >100000 | Rs 15 + applicable GST |
HDFC Bank IMPS Limit
Given below are different IMPS Limits offered by HDFC Bank:
Maximum IMPS Limit: Rs. 5 lakhs
IMPS Using Account Number– Rs. 5 Lakhs
IMPS Using MMID– Net Banking and Mobile Banking: Rs. 5,000 per customer ID
IMPS Using USSD– For USSD, limit is Rs. 1,000
HDFC IMPS Timings
As stated above, HDFC IMPS is available 24x7x365 to all the customers of HDFC Bank. The HDFC Bank IMPS is one of the fastest modes of making fund transfer to beneficiary’s account. Customers can make IMPS transfers even on bank holidays, public holidays and weekends without any hassle.
Also, check all related details about the IMPS:
HDFC Bank IMPS : FAQs
The HDFC Bank IMPS is only available through online mode. Customers can use Internet Banking as well as Mobile Banking to make IMPS Fund Transfer.
The maximum IMPS limit is Rs.5 lakhs. This amount can be transferred through mobile banking and internet banking.
Yes. HDFC charges fees to make IMPS transaction. The charge depends upon the medium/channel used to make IMPS transfers.
Yes. IMPS transfer is safe and secure method to make fund transfer. HDFC customers are provided with additional security features wherein personal details of customers cannot be compromised.
Yes, you can use IMPS to transfer money to accounts in other banks. IMPS is an interbank electronic fund transfer service that allows customers to transfer funds instantly from one bank account to another bank account across banks.
