HDFC Bank NEFT Charges 2025: Fees, Timings & Limits

NEFT (National Electronic Funds Transfer) is a simple and secure method of transferring funds electronically across banks in India. Within HDFC Bank, it is widely used for seamless transactions, catering to both individual and business needs.

The charges for NEFT transfers at HDFC depend on factors like the transaction amount and the method chosen, with offline transfers incurring charges based on the transaction amount, online NEFT transfers are completely free. Transfers can be easily executed through HDFC’s NetBanking mobile app, or offline at branches, ensuring convenience and accessibility for customers.

NEFT Fees and Charges in HDFC Bank

HDFC Bank NEFT charges vary based on how you initiate the transaction (online or through a branch) and the transfer amount. Below are the key fees and charges:

NEFT Charges for Online Transactions:

• Free of Cost: NEFT transactions done online have been free since 1st November 2017.

NEFT Charges for Branch Transactions:

NEFT Transfer Limits in HDFC Bank

Features of HDFC NEFT

1. Fast and Paperless

HDFC Bank’s NEFT system ensures quick fund transfers with minimal processing time. When done online via NetBanking or Mobile Banking, the process is entirely paperless, saving you time and effort.

2. Affordable Charges

NEFT charges at HDFC Bank are affordable, especially for small-value transactions. Online NEFT transactions are free, while branch-based transactions have nominal fees based on the transaction amount, making it cost-effective for users.

3. Free Online Transactions

One of the biggest benefits of HDFC NEFT is that online NEFT transfers (via HDFC NetBanking and Mobile Banking) are completely free. You can transfer money 24×7 without incurring any charges.

4. Pay Credit Card Bills

HDFC Bank’s NEFT service allows you to pay not just HDFC credit card bills but also credit card bills of any other bank. By adding the credit card number as the beneficiary account number and providing the relevant IFSC code, you can conveniently clear your dues via NEFT, making payments quick and hassle-free.

These features make HDFC NEFT a reliable, fast, and secure way to manage your banking transactions, whether you’re sending money, making payments, or settling bills.

Ways to Make an HDFC NEFT Transfer

1. Using Internet Banking

HDFC Bank’s NetBanking platform allows you to make NEFT transfers from the comfort of your home. Simply log in, add the beneficiary, and initiate the transfer in just a few clicks. This method is free, fast, and paperless.

2. Through Mobile Banking

The HDFC Mobile Banking app provides a user-friendly way to make NEFT transfers on the go. You can add beneficiaries, track transactions, and initiate transfers anytime, anywhere. Like Internet Banking, NEFT transfers via the app are free and seamless.

3. Visiting a Branch

If you prefer in-person banking, you can visit the nearest HDFC Bank branch to make an NEFT transfer. Fill out the NEFT form with the required beneficiary details and submit it to the bank staff. This method is useful for those who may not be comfortable with digital banking.

4. Using eNet

HDFC Bank’s eNet platform is designed for corporate and business customers. It enables bulk NEFT transactions, making it an ideal solution for businesses that need to transfer funds to multiple accounts efficiently.

Steps to Transfer Money via HDFC NEFT

HDFC NEFT transactions are simple to carry out, provided you meet some prerequisites. Ensure that you’re registered for HDFC NetBanking and Third-Party Funds Transfer. Additionally, you must add a beneficiary before initiating a transfer. Below is a step-by-step guide on how to transfer money via HDFC NEFT:

Via Net Banking

1. Add a Beneficiary

• Log in to HDFC NetBanking with your Customer ID and Password.

• Click on the ‘Funds Transfer’ tab.

• Select ‘Add a Beneficiary’ and choose ‘Transfer to other bank’.

• Enter the beneficiary’s account details or credit card number, along with the correct IFSC code.

• Click ‘Add’, then confirm the details.

• Complete the secure access authentication step and wait for the confirmation.

  Note: A newly added beneficiary can receive up to ₹50,000 within the first 24 hours. Also, you can add up to four beneficiaries per day.

2. Transfer funds through NEFT

• Go to the ‘Funds Transfer’ section and select ‘Transfer to other bank (NEFT)’.

• Choose the account you wish to transfer funds from, select the beneficiary, and enter the transfer amount.

• Agree to the terms and conditions.

• Verify the transaction details and confirm the transfer.

Via Mobile Banking

1. Open the HDFC MobileBanking app and log in.

2. Access the menu and tap on ‘Pay’, followed by ‘Money Transfer’.

3. Select ‘Add New Payee’ and choose the transfer type (Bank Account or Credit Card).

4. Enter the payee’s details, including the IFSC code, and double-check the information.

5. Tap ‘Add’, confirm, and proceed with the fund transfer.

How to Transfer Funds from HDFC to Another Bank Using NEFT?

To initiate a transfer to another bank, the first step is to ensure that the beneficiary is added and activated in your NetBanking account. If you haven’t done this yet, follow the steps mentioned in the above section to add a beneficiary. Once the beneficiary is added, proceed with the following steps:

1. Access your HDFC NetBanking account using your Customer ID and Password.
2. Navigate to the ‘Funds Transfer’ section and choose ‘Transfer to other bank (NEFT)’.
3. Choose the HDFC account from which you want to transfer funds and select the beneficiary.
4. Input the transfer amount and any additional remarks (optional).
5. Accept the terms and conditions and review the details.
6. Click ‘Confirm’ to initiate the NEFT transaction. You will receive a confirmation message once the transfer is successfully processed.

How to Increase the NEFT Limit in HDFC Bank?

You can increase your NEFT transaction limit in HDFC Bank either online or by visiting a branch.

Online Method (NetBanking)

1. Log in to HDFC NetBanking using your User ID and password.
2. Click on the “Funds Transfer” tab and select “Modify TPT Limit” or “Customise Transfer Limit.”
3. Set your new NEFT transfer limit, up to a maximum of ₹50 lakh.
4. Note: Senior citizens above 70 years can increase the limit online only up to ₹10 lakh. For higher limits, they need to visit a branch.
5. Authenticate the request using your Debit Card details and One-Time Password (OTP) sent to your registered mobile number.
6. Save the changes, and your updated transfer limit will be applied instantly.

Branch Method

1. Visit the nearest HDFC Bank branch.
2. Carry a valid photo ID proof.
3. Request and fill out the TPT Limit Increase Form.
4. Submit the signed form to the bank staff.

How to Pay Credit Card Bills Using HDFC NEFT?

1. Access your HDFC NetBanking account with your Customer ID and Password.
2. Add a Beneficiary (if not already added):

• Navigate to the ‘Funds Transfer’ tab and click ‘Add a Beneficiary’.
• Choose ‘Transfer to other bank’ and enter your credit card number as the beneficiary account number.
• Provide the bank name and IFSC code (obtained from the credit card issuing bank).
• Click ‘Add’, complete the secure access step, and wait for beneficiary activation.

1. Once the beneficiary is activated, go to ‘Funds Transfer’ and select ‘Transfer to other bank (NEFT)’.
2. Choose your account, select the credit card as the beneficiary, and input the billing amount.
3. Agree to the terms and conditions and review the transaction details.
4. Click ‘Confirm’ to complete the payment.

Information Needed for an NEFT Transaction

To complete an NEFT transaction with HDFC Bank, you need to provide the following essential details:

• Recipient’s Name: The name of the beneficiary as per their bank account.
• Recipient’s Account Number: The bank account number where the funds will be transferred.
• Recipient’s Account Type: The type of account (Savings, Current, etc.).
• IFSC Code: The unique 11-digit Indian Financial System Code (IFSC) of the recipient’s bank branch.
• Transfer Amount: The exact amount you wish to transfer.
• Purpose of Transfer (Optional): You may also mention the reason for the fund transfer (e.g., payment for services, bill payments, etc.).

How to Do NEFT Transactions Offline?

1. Go to any HDFC Bank branch during banking hours.
2. Provide the required details, such as:

• Amount to be transferred
• Beneficiary bank name
• Beneficiary name and account number
• IFSC code of the destination bank branch

1. Ensure that the form is signed by the authorised signatory/signatories (if applicable).
2. Submit a cheque for the amount to be transferred. Ensure the cheque is correctly filled out.
3. Hand over the completed NEFT form and cheque to the bank representative.
4. The bank will process the NEFT transaction, and the funds will be transferred to the beneficiary’s account.

NEFT Timings for HDFC Bank

1. Online Transactions

HDFC Bank NEFT transactions made via NetBanking and Mobile Banking are available 24×7, 365 days. You can initiate a transfer anytime, and the funds will be settled in batches as per RBI’s NEFT clearing cycles.

2. Branch Transactions

Branch-based NEFT transactions can be processed only during the branch’s working hours, typically from 9:30 AM to 5:30 PM on weekdays. Timings may vary depending on the specific branch and location.

Advantages of Using HDFC NEFT

1. Speedy Transactions

HDFC NEFT allows you to transfer money quickly within the same day, provided you make the transfer during NEFT operating hours. This makes it convenient for those who need to send funds urgently without any delays.

2. Low-Cost Transfers

NEFT transactions through HDFC Bank are affordable. Branch-based NEFT transfers have minimal charges, while online NEFT transactions via NetBanking and Mobile Banking are free. This makes it a budget-friendly option for transferring money.

3. Convenience

You can transfer funds easily from the comfort of your home using HDFC Bank’s NetBanking or Mobile Banking services. This saves you time and effort, as there’s no need to visit the bank for every transaction.

Reasons to Choose HDFC NEFT

1. 24×7 Availability for Online Transactions

Unlike traditional payment methods, NEFT is available round the clock via HDFC NetBanking and Mobile Banking. You can transfer funds anytime, even on weekends and public holidays, ensuring uninterrupted banking.

2. Secure and Reliable Transactions

HDFC NEFT is backed by RBI-regulated protocols, providing a high level of security and reliability. Transactions are processed through encrypted channels, ensuring your money reaches the intended recipient safely.

3. Cost-Effective

With affordable charges and free online NEFT transfers, HDFC Bank makes it economical to send money to other banks. This is particularly beneficial for regular users and small business owners.

4. Multiple Access Points

You can initiate NEFT transfers via NetBanking, Mobile Banking, or by visiting an HDFC branch. This flexibility makes it convenient for users with different banking preferences.

Limitations of HDFC NEFT

1. Limited Hours for Transactions

NEFT transactions are only processed during the Reserve Bank of India’s (RBI) working hours. If you make a transfer after these hours, your transaction will only be completed the next day during the next NEFT settlement window.

2. Daily Transfer Limit

HDFC Bank’s NEFT transactions are subject to a daily transfer limit based on the customer’s TPT (Third-Party Transfer) limit. This limit generally allows fund transfers of up to ₹50 lakhs per day.

3. No Service During Non-Working Hours

NEFT services don’t work after regular banking hours or on bank holidays, such as weekends, or public holidays. This means that if you make a transfer at these times, the money will only be transferred on the next working day.

4. Restrictions for New Beneficiaries

HDFC Bank imposes a restriction on fund transfers to new beneficiaries. For the first 24 hours after adding a beneficiary, you can only transfer up to ₹50,000. This restriction is in place for security purposes and helps prevent fraudulent transactions.

Frequently Asked Questions (FAQs):

1. Do I need to add a beneficiary to transfer funds via NEFT in HDFC Bank?

Yes, adding a beneficiary is mandatory for transferring funds via NEFT in HDFC Bank.

2. Can NEFT transactions be cancelled or reversed?

NEFT transactions cannot be reversed once processed. However, if you act immediately after initiating the transfer, you may request cancellation by contacting HDFC Bank’s customer care or visiting a branch, providing transaction details, and submitting a written request.

3. Are NEFT transactions in HDFC Bank safe?

Yes, NEFT transactions with HDFC Bank are considered safe since they follow RBI-regulated protocols, ensuring secure and reliable fund transfers.

4. Can NEFT be done without an HDFC Bank account?

No, you need to have an HDFC Bank account to initiate NEFT transactions via NetBanking or Mobile Banking. However, you can visit an HDFC Bank branch and request an NEFT transaction even if you don’t have an account, provided you comply with the branch’s NEFT process and guidelines.