RTGS is the better option, as the transaction will be done immediately. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
HDFC imposes money transfer limits as a security measure to protect its customers from potential fraud and unauthorized transactions. These limits specify the maximum amount of money that can be transferred within a certain time frame, typically on a daily or monthly basis. As one of the leading banks in India, HDFC offers a wide range of online banking services, including the ability to transfer funds from one account to another.
We began by understanding the concept of money transfer limits in HDFC, which are in place to ensure the security and convenience of online transactions. Once you have successfully logged in, you will gain access to a wide range of online banking services, including the ability to modify your money transfer limits. Keep in mind that it is crucial to protect your Netbanking credentials and avoid sharing them with anyone to ensure the security of your HDFC accounts.
It offers greater flexibility and convenience in managing your finances, especially if you regularly engage in significant financial transactions. It is important to note that the processing time for changing money transfer limits may vary depending on the bank’s policies. However, the changes should take effect within a reasonable timeframe. By following these straightforward steps, you can easily modify your money transfer limits in HDFC according to your specific financial needs.
To increase your UPI limit with HDFC, access the menu by clicking on “Menu,” then navigate to “Pay” and select “UPI Payment.” Ensure you are using your registered mobile number. Now if you want to increase the limit then simply click on the ‘Increase’ on the other hand if you want to increase the link then click on the ‘Decrease’ button. RBI, or the Central Bank of India, has selected eight banks to take part in the phase-wise e-rupee pilot programme. State Bank of India, ICICI Bank, Yes Bank, and IDFC First Bank will comprise the first phase in the four cities mentioned above. Four other banks – Union Bank of India, HDFC Bank, Bank of Baroda and Kotak Mahindra Bank, will join the pilot for the second phase soon.
Cryptocurrency is a risk-driven market and its value changes depending on the market conditions while the value of digital rupee is fixed. Its value remains the same throughout, just like the value of physical cash. Though the Central Bank Digital Currency (CBDC) is different from cryptocurrency in all aspects, it can be compared with crypto in fields of benefits. One of the notable benefits of CBDC is that government bodies and other companies accept digital rupees as legal tender, means of payment, safe deposits, etc.
By default, HDFC sets certain limits on the amount of money that can be transferred within a specified period of time. These limits are designed to protect customers from unauthorized transactions and reduce the risk of fraud. HDFC Bank sets specific limits on UPI transactions, controlling both payments sent and received.
The system will update the limit for the selected account and transaction type accordingly. However, there are situations where you may need to change your money transfer limit. For example, you may want to increase the limit temporarily to make a large payment or transfer a significant amount of money. Conversely, you may also want to decrease the limit to minimize the risk of unauthorized transactions.
The money transfer limits can vary depending on the type of transaction and the account type. For instance, there may be separate limits for transferring funds between your own accounts, transferring funds to another HDFC account, or making payments to a third-party account. HDFC Bank’s Net Banking platform is so systematic and easy to handle that it gives authority and versatility to its customers. It helps manage their “Third Party Transfer” limits, guaranteeing a smooth and safe online banking experience.
