How To Send Money Using IMPS In HDFC Bank?

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    IMPS or Immediate Payment Service is an instant, real time inter-bank electronic fund transfer service. You will be able to receive or send money even on Sundays and Bank Holidays or late at night. Anyone anywhere can use IMPS to make a payment. The money is credited to the beneficiary account instantly.

    Know how to send money using IMPS in HDFC bank?

    Details required

    You will need your beneficiary's Account number and IFSC to send money. Beneficiary needs to be added in NetBanking to transfer money, or you can send money to already added beneficiaries.

    NetBanking

    • Login to NetBanking using your net banking details and password.
    • Click on "Funds Transfer" Tab.
    • Click on IMPS Funds transfer using account number, enter the details, and confirm the transaction.
    • You will receive the confirmation SMS for IMPS transaction

    How To Link Aadhaar With Your HDFC Bank Account?

    Charges for IMPS

    Effective 1st Jan 2017, below services charges, are levied on all IMPS Outgoing transactions by HDFC bank
    Rs 5: For transferring Rs 1 to Rs 1,00,000
    Rs 15: For transferring Rs 1,00,001 to Rs 2,00,000

    Merit and demerit

    IMPS allow customers to make 24x7 instant interbank payments to individuals, or merchants via mobile phone, Internet or ATM. According to RBI guidelines, a customer can transact up to Rs 50,000 a day through IMPS, provided he or she is using end-to-end encryption (provided by the bank). Banks can facilitate transactions up to Rs1,000 a day without end-to-end encryption. What To Do If You Forgot Your Netbanking Password Of HDFC Bank?

    Read more about: imps hdfc
    Story first published: Tuesday, August 29, 2017, 13:30 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more