HDFC NEFT Charges 2023

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:

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.

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.

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:

HDFC NEFT Charges: FAQs