HDFC IMPS Charges - Timings, Limit, How To Do IMPS On HDFC Bank?

Banks generally charge their customers for using the Immediate Payment Service (IMPS) to transfer funds from one bank account to another instantly. Like any other bank, HDFC provides customers with this service after levying certain charges.

HDFC Bank charges a specific amount for every IMPS transaction. You need to pay this amount additionally with your transaction amount. IMPS charge can be between Rs. 3.50 to Rs. 15, depending on the total transaction amount. 

In this article, you will get a comprehensive understanding of HDFC Bank IMPS charges and their features.

Charges for HDFC IMPS

The following are the HDFC IMPS charges:

Timings for HDFC IMPS

HDFC IMPS timings are 24/7. You can initiate and receive IMPS transfers at any time in a week. 

HDFC IMPS Limit

The maximum HDFC IMPS transaction limit is Rs. 5 lakh per transaction per day. The IMPS limit for IMPS transfer using MMID through net banking and mobile banking is Rs. 5,000 per day.

Features of HDFC Bank IMPS Facility

These are some of the unique features of the IMPS facility that you must know before using this service:

• Flexibility

You can make transactions anytime and anywhere from your bank account using the IMPS facility. You can use this service even in banks or on public holidays.

• Easy and Fast Payments

The IMPS facility is high-speed and very easy to use for customers. You can use this service even from your HDFC mobile banking application. After a successful payment, both sender and receiver will get a confirmation SMS and email from HDFC Bank.

• Easy to Use

The IMPS facility is one of the easiest bank transfer options where you can make big transactions. You can do the same from your mobile phone if you have registered for the HDFC mobile banking facility.

Who Is Eligible For HDFC Bank IMPS Facility?

Every HDFC Bank customer registered for the IMPS service can use this facility. According to the National Payments Corporation of India (NPCI), the sender and receiver must register for the IMPS facility in their respective bank accounts to make hassle-free IMPS transactions. However, you must pay a specific HDFC Bank IMPS charge to use this service. 

How To Transfer Money Via HDFC Bank IMPS?

HDFC bank has multiple channels from where you can avail of their IMPS facility. They are discussed as below:

Net Banking

You can easily complete your IMPS transactions from the net banking facility of HDFC Bank by following these easy steps:

Step 1: Visit the HDFC Net Banking portal and sign in to your account using your customer ID and password. 

Step 2: Click on ‘Fund Transfer’ and then on ‘IMPS Fund Transfer’.

Step 3: Enter beneficiary account number, IFSC code, name, etc. 

Step 4: Verify the details and confirm your IMPS transaction.

After every successful transaction, you will receive a confirmation message from HDFC Bank. The bank will also send you another confirmation when the money reaches the account of the beneficiary.

Mobile Banking 

Follow these steps to complete your IMPS transaction using the HDFC mobile banking app:

Step 1: Download and sign in to the HDFC mobile banking app using your customer ID and password. For new users, first, you need to complete the sign-up process.

Step 2: Click on ‘Pay’, then on ‘Money Transfer’ and select the ‘Transfer Money to Anyone, Anywhere’ option.

Step 3: Select the payee and enter the details, such as the beneficiary's mobile number, amount, and MMID.

Step 4: Recheck the details and confirm your payment.

HDFC Bank will send you an SMS confirmation when the IMPS transaction proceeds successfully.

USSD

In case, you do not have internet connectivity, you can even make an IMPS transaction with USSD service by following these easy steps:

Step 1: Open the dialer of your mobile phone and dial *99#.

Step 2: Enter the first four letters of the beneficiary bank’s IFSC code or enter the bank’s name where you want to transfer the funds.

Step 3: Select any one option between ‘Fund Transfer - Account number’ or ‘Fund transfer - MMID’.

Step 4: Now enter the details according to the option you have chosen and enter the mobile number of the receiver.

Step 5: Enter the amount you want to transfer and confirm the transfer.

After the successful transfer, you will get a confirmation SMS from HDFC Bank.

Beneficiary Details Required For HDFC Bank IMPS

To complete an IMPS transaction with your HDFC Bank, you should have the MMID or beneficiary’s mobile number. The sender and receiver should also have an account with a registered mobile number in their respective banks. If you transfer the money to another bank payee, you need to enter the name, account number, and IFSC code to make IMPS transactions. 

The IMPS facility can help you make instant money transfers from your account, and it takes a nominal fee for every transaction. You can use the HDFC IMPS facility from various channels offered by the bank as per your convenience. 

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