HDFC: 9 Easy steps on How to Transfer Money from HDFC app [Send it Now]

How to Transfer Money from HDFC app

Introduction

Mr.Varma, a 32-year-old Hyderbadi, joined a BPO company as a fresher. After a month, the HR department offered him a Corporate HDFC Savings Bank account to credit his monthly Salary.

He happily accepted it without any further questions..!!
Everyone works for Money, right.!

As per the company timelines, the Accounts department credited his Salary to his HDFC account.

As this is his first salary and still unmarried, he wants to transfer some amount to their family who are living in a village. Ofcourse, his family needs money and he wants to transfer it.

But, unfortunately, Mr.Varma does not know How to Transfer Money from HDFC app to his father’s ICICI bank account.

In this article, we delve into a complete step-by-step comprehensive guide on How to transfer money from HDFC to Other bank Online.

Let’s get started..!

Are there any Pre-requirements to make money transfer in HDFC..!!
Yes..!

Pre-requirements for Money Transfer in HDFC

To make money transfer from HDFC to other banks like ICICI, SBI, Union bank etc., you should have the following Pre-requirements.

S.No.	Pre-requirements
1.	Android /IOS mobile
2.	HDFC Mobile banking app
3.	HDFC Login Credentials
4.	Beneficiary Bank account details like – Beneficiary name, – Bank Account number, – Beneficiary bank, and – IFSC code

Ensure all the above-mentioned details are readily available to you before you make HDFC Fund transfer.

Let’s begin with Process..!!

9 Steps How to Transfer Money from HDFC app

Let’s check simple 9 steps on How to Transfer Money from HDFC app to other banks quite easily.

Step 1:

Open the “HDFC Mobile banking app” on your Mobile.

Step 2:

Now, Login into the HDFC app by using the
– User name,
– Password (or) using your Fingerprint or
– By using your HDFC PIN number.

Step 3:

After logging in, your HDFC Dashboard will look like this.
Now, Tap on the “Menu” section which appears on the top left.

Step 4:

To make money transfer from one bank to another like HDFC to ICICI, HDFC to SBI and to any other Bank i.e. Inter – Bank transfers.

Tap on the “Money Transfer” option.

Here, you can see your Savings Bank Account number and also the Available balance in your HDFC Bank account.

It is the account from which the amount will be transferred to the beneficiary.

Step 5:

After that, you need to select the Beneficiary to whom you want to transfer money from your added list.

If no beneficiary is added, you need to add your beneficiary by tapping on “Add / Manage Payee”

Tap on “Enter Payee Name” to Select the beneficiary to whom you want to transfer money.

Step 6:

Transfer Limit
Now, in the “Amount” column enter the Amount of money you want to transfer.

But, How much amount I can transfer?

Using National Electronic Fund Transfer (NEFT), you can transfer a Maximum of Rs.2,00,000/- per transaction.

Using IMPS, you can transfer a Maximum of Rs.5,00,000/- per transaction.

Whereas, as per the customer’s TPT limit, the Maximum amount of funds that can be transferred per day is a up to Rs.50,00,000/-

S.No.	Mode of Transfer	Transfer Limit
1.	NEFT	Maximum of Rs.2,00,000/- per transaction
2.	IMPS	Maximum of Rs.5,00,000/- per transaction
3.	TPT	Maximum of up to Rs.50,00,000/- per day

Step 7:

Time Limit
Later on, you need to select the money “Transfer mode”. It may be either through NEFT or IMPS.

If you choose the NEFT option, it takes less than 1 hour to transfer money to the beneficiary account. Whereas,

If you choose IMPS, then, the amount will be transferred immediately to the beneficiary account on an instant basis.

S.No.	Mode of Transfer	Transfer Time
1.	NEFT	1 Hour
2.	IMPS	Immediate

Step 8:

Now, select your Purpose of the transaction in the “Remarks” column like Shopping, Rent, etc.,

Later on, you can see “Notify (optional)”.

Here, you can enter the Beneficiary’s Mobile number to get notified when the amount gets credited to his/her account.

Step 9:

Now tap on the “Continue” button.

Step 10:

Check whether all the details entered are correct only. If all details are ok, then, tick on “I Accept the Terms and Conditions” and Tap on the “Confirm” button.

Finally, you will get a confirmation message that “You have Successfully completed the Transfer” along with the Reference number.

Frequently Asked Questions

I hope you understood the “How to Transfer Money from HDFC app” concept.
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Thanks for reading..!!!
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