This blog post is to share the details about how to add beneficiary in HDFC to do transfer funds online, before we initiate fund transfers, to add the beneficiary details is of utmost essential, therefore, we will learn to add the beneficiary from two methods using mobile banking and net banking
Table of Contents
How to Add Beneficiary List in HDFC Bank
here we have two ways to add the beneficiary details, first way is through net-banking, therefore, log in to net-banking and then follow these steps given below
After log in to net-banking
Click on fund transfer
If you are going to add the beneficiary for the first time, you can do that, from the fund transfer tab, which can be seen in the above pic;
various options for fund transfers are available over there such as IMPS, NEFT, RTGS, and so on, So click on the Go option using IMPS or other modes
(2nd step)And then click on to add the beneficiary, before you add the beneficiary details make sure you have all the required information about the beneficiary such as given below
Beneficiary account number
Type of account information
Beneficiary mobile number
Along with these above details, it becomes very easy to add the beneficiary, Hdfc bank allows the customers to add a maximum of seven beneficiaries per day;
After you add the beneficiary details, you can modify beneficiary details as well,
To add more than one beneficiary detail, go to the request option and choose ADD BENEFICIARY, by following these above methods will help to complete this same concern is mentioned in the title of this blog post;
When we add the beneficiary first time, the bank pre-set the third party fund transfer limit, which you can modify also, according to how much limit suits your need
Even the charges are concerned, it depends on which ways you choose to do fund transfer,i.e Fund transfer using Netbanking through IMPS, NEFT and RTGS levy some charges,
here are the charges schedule in the below table
1rupees to 1 lakh =5 rupees charges+applicable GST more than 1 lakh= 15 rupees charges+gst
amounts up to 1 lakh= 2 rupees +gst more than 1 lakh =10 rupees+gst
Charges applicable like NEFT Charges
up to 10 transactions per day free, and the limit is up to 1 lakh
HDFC bank levy the charges to fund transfers according to the above table, Moreover you should also know that no charges are applicable in case of NEFT, RTGS fund transfer through branch side
How much time does it take to add beneficiaries to HDFC?
maximum turn-around-time is up to thirty minutes which takes to add beneficiary but however, I would recommend you to make fund transfer after 24 hours; Actually when I made the first transfer using IMPS to a beneficiary after half-hour from when I added the beneficiary, so the transfer was being declined, but after 24 hours it was transferred successfully; so you can also manage with the turnaround time is expected
HDFC third party transfer limit for a new beneficiary
Bank has determined a limit to do fund transfer to a new beneficiary, for the first time beneficiary is added, so the limit is up to 25 thousand a day through IMPS but after the first fund transfer, amount up to 2 lakh can be transferred per day to the same beneficiary on the other hand, such types of limitation are also applicable to other modes of fund transfer, although no limitation is set up to the UPI fund transfer; and also there is no time limitation for users can fund transfer any time through UPI
What to do if the beneficiary is unable to be added?
Ans-This problem rarely comes, it may be due to a technical issue, so my recommendation is to try later if the issue still remaining, call in customer care, otherwise visit the nearest bank branch
How many beneficiaries can be added per day?
maximum of seven beneficiaries can be added in a day
Do I need to add beneficiaries every time at the time of every fund transfer?
No, you will no need to add the beneficiary every time for the existing beneficiary
What to check if the fund transfer was successful but the beneficiary did not receive the amount?
If the fund transfer was successful but the amount was not credited to the beneficiary bank account, do check whether the beneficiary account was mentioned correctly?. if yes, wait for a few hours, or else, call in customer care to make the complaint