HDFC NEFT Charges, Transfer Timings, Limit Per Day & How To Increase Limit?

NEFT, or National Electronic Funds Transfer, is a significant electronic method of payment developed by RBI to ease the fund transfer process for individuals and businesses. NEFT transactions can be initiated both online and offline, making the system easily usable for all.

Like every other bank in India, HDFC offers NEFT facility to its customers. But do keep in mind that NEFT transactions are not instantaneous. They are processed in half-hourly batches.  This article will discuss the HDFC Bank NEFT charges and how you can use them to send money to different bank accounts.

HDFC Bank NEFT Charges 2024

The NEFT HDFC charges are free for online transactions. So, there are no fees for an NEFT payment done via net banking or the mobile app.

On the other hand, in case of an offline transaction process by visiting HDFC Bank, NEFT charges apply to customers as per the following norms:

HDFC Account NEFT Limit 

The HDFC NEFT transfer limit is discussed in detail below:

• Daily limit

The limit varies per an account holder’s Third-Party Transfer (TPT) limit. But the maximum value of a transaction can be up to Rs. 50 lakh per day.

• Cap on transfers to new beneficiaries

During the first 24 hours of adding a new beneficiary, you can send only up to Rs. 50,000 to the beneficiary due to security reasons.

How To Increase NEFT Limit In HDFC?

You can opt to increase your NEFT limit by using the bank’s net banking facility. The steps to follow are discussed below:

• Step 1: Visit the online portal of HDFC Bank and log in with your customer ID and password.
• Step 2: Go to the ‘Funds Transfer’ tab.
• Step 3: Under the ‘Request’ section, choose ‘Modify TPT Limit’.
• Step 4: Click ‘Increase’ or ‘Decrease’ to set your preferred limit from the drop-down.
• Step 5: Confirm the decision with your card details.
• Step 6: An OTP will be sent to your phone. Enter the OTP to finish the process.

How To Change NEFT Limit In HDFC?

The bank does not only allow its customers to increase the NEFT limit but also change the same. This can be done using both online and offline modes. If you want to change the limit using online mode, follow the steps stated in the above section. However, in case you want to opt for offline mode, follow the below processs.

Visit the nearest HDFC Bank branch and obtain the TPT Limit Increase form for increasing the NEFT limit. Fill out the form and submit it to the branch officials along with a valid ID proof.

Please remember that the TPT limit can be reduced only up to Rs. 10,002.

HDFC NEFT Transfer Time

NEFT transactions usually take a couple of hours. Sometimes, it may take a day or two.

How To Transfer Through HDFC NEFT Pathway?

To transfer money using the NEFT Pathway for your HDFC Bank account, you can follow this step-by-step guideline:

• Step 1: Log-in to your HDFC Netbanking Account
• Step 2: Go to the ‘Fund Transfer’ tab and click on ‘Add Beneficiary’.
• Step 3: Select ‘Transfer to another bank’ for beneficiary type.
• Step 4: Enter the bank details of the beneficiary, such as IFSC code, account number, etc.
• Step 5: Click on ‘Confirm’. This will complete the addition of the beneficiary.
• Step 6: Visit the ‘Fund Transfer’ tab and choose the ‘Transfer to Other Bank (NEFT)’ option.
• Step 7: Enter the relevant account details of the beneficiary and agree to the ‘Terms and Conditions’.
• Step 8: Review the details and click on ‘Confirm’ to finish the process.

Please note that during the first 24 hours of adding a new beneficiary, you can send only up to Rs. 50,000 to him or her.

This article has covered the various aspects of HDFC Bank NEFT charges. You can use it to transfer money to another bank without having to visit your nearest bank branch. The fees for completing the NEFT transactions are minimal. You can set your TPT limit as per your transaction requirements. Overall, it is a swift and efficient process available 24/7 throughout the year.

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1. SBI NEFT Charges, Benefits, Timings, How To Transfer and Limit
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