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Investment Simplified > Banking > HDFC NEFT Charges 2023
Banking

HDFC NEFT Charges 2023

Monika Mohan
Last updated: 2023/05/23 at 5:49 PM
Monika Mohan Published March 16, 2023 5 Min Read
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HDFC NEFT Charges – At the BankHDFC NEFT Charges – OnlineHDFC NEFT: Transfer LimitAbout HDFC Bank What are other fund transfer options by HDFC online?How to Avoid HDFC NEFT Charges? HDFC NEFT Charges: FAQs

Do you have an HDFC bank account? Does it have the online services active? If yes, this article is for you. If not, then first get your netbanking services active and then bookmark this post as here we tell you the HDFC NEFT charges applicable on transferring funds via NEFT services.

HDFC NEFT Charges – At the Bank

HDFC Bank does not charge fee on NEFT when done online, i.e. via HDFC netbanking or mobile banking. However, it does not mean that there are no HDFC NEFT charges. If you carry out the NEFT request by going to your HDFC Bank branch, the bank will charge you with the following NEFT charges:

NEFT AmountHDFC NEFT Charges
Rs 10,000Rs 2.00
Rs 10,001 – Rs 1 lakhRs 2.00
Above Rs 1 lakh – Rs 2 lakhsRs 10.00
Above Rs 2 lakhsRs 10.00

Please note that the above charges are exclusive of GST.

Click here for GST Rates, 2023

HDFC NEFT Charges – Online

As per the RBI guidelines, NEFT transactions done online are free, effective from 1st Nov 2017.

NEFT AmountOnline HDFC NEFT Charges
Rs 10,000NIL
Rs 10,001 – Rs 1 lakhNIL
Above Rs 1 lakh – Rs 2 lakhsNIL
Above Rs 2 lakhsNIL

HDFC NEFT: Transfer Limit

The following are the NEFT transfer limits set by the bank for NEFT:

  • Minimum HDFC NEFT limit: Re 1
  • Maximum HDFC NEFT limit: Rs 50 lakhs (may depend on customer’s Third Party Transfer or TPT limit)
  • 7 AM to 7 PM: Maximum Rs 50 lakhs (on RBI working days)
  • 7 PM to 7 AM: Maximum Rs 2 lakhs per transaction (all days)

Note: While adding a new beneficiary you can make transaction of maximum of Rs 50,000 (in full or parts inclusive of failed attempt) during the first 24 hrs.

HDFC NEFT: Transfer Limit

About HDFC Bank

HDFC Bank is one of the top banks in India along with being one of the largest private sector banks in India. It is headquartered in Mumbai and was established in 1994. Currently, the bank has a nationwide presence with above 5,500 branches and numerous ATMs across India.

The bank also provides online banking options with its netbanking portal and mobile banking app.

What are other fund transfer options by HDFC online?

Apart from HDFC NEFT, these are other options available that you can use to transfer funds:

  1. HDFC RTGS: This is a Real Time Gross Settlement system that allows you to transfer large amounts of money from your HDFC Bank account to another bank account in India. The minimum amount for RTGS transfer is Rs. 2 lakhs.
  2. HDFC IMPS service: IMPS (Immediate Payment Service) allows you to transfer funds instantly, 24×7, and without any charges. You can transfer funds using IMPS through HDFC Bank’s mobile banking or net banking platform.
  3. HDFC Bank eCMS service: HDFC Bank’s eCMS (Electronic Clearing Service) allows you to set up an automatic debit instruction for recurring payments such as insurance premiums, SIPs, and loan EMIs. This service is free of charge and can help you avoid NEFT charges.
  4. HDFC UPI: Banks’s Unified Payment Interface service or UPI, allows you to transfer funds instantly, 24×7, and without any UPI charges. You can link your HDFC Bank account with any UPI-enabled app and use it for fund transfers.

How to Avoid HDFC NEFT Charges?

If you want to avoid paying NEFT charges, an easy way is to online. Whenever you use HDFC NEFT via netbanking or mobile banking, the bank does not charge any fee for processing your request. It is quick, free and saves time and paper as well.

Or, simply use HDFC IMPS option or UPI for fund transfers. You may also choose to transfer funds via HDFC RTGS if the transfer amount is Rs 2 lakhs or more.

Also, check other bank’s NEFT charges in the below table:

Axis Bank NEFT ChargesIndian Bank NEFT ChargesPNB NEFT Charges
BOB NEFT ChargesNEFT ChargesSBI NEFT Charges
Canara Bank NEFT ChargesNEFT Charges ICICI

HDFC NEFT Charges: FAQs

What are the online charges for HDFC NEFT?

There are zero HDFC NEFT charges for online transactions.

What are the HDFC NEFT charges at the bank?

HDFC Bank charges Rs 2 for NEFT transactions of up to Rs 1 lakh and Rs 10 for NEFT done at the bank.

Can I do HDFC NEFT if I don’t have a bank account?

Yes, you may. For non-customers, NEFT is available against cash remittance of Rs 50,000 (maximum).

What is the full form of NEFT?

NEFT full form: National Electronic Funds Transfer.

What is the maximum amount that I can transfer via HDFC NEFT?

HDFC Bank allows a transfer amount of maximum Rs 50 lakhs in a day using the NEFT services. It may also depend on the customer’s TPT (third party transaction) limit.

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By Monika Mohan
Monika Mohan is a writing enthusiast who has luckily turned her passion into profession. For the greens, she has an established foot in the personal finance sector and likes to put forth complex topics in an easy-to-understand manner, minus the jargons. Outside the penny lane, it’s all about poetry, mountains and single-malts.
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