www.hdfcbank.com HDFC Bank Ltd Mumbai : RTGS Funds Transfer

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Name of the Organisation : HDFC Bank Ltd (hdfcbank.com)
Type of Facility : RTGS Funds Transfer
Location : Mumbai

Website : http://www.hdfcbank.com/personal/index
Making payments :http://www.hdfcbank.com/personal/making_payments/making-payments-details/rtgs-funds-transfer/gts 8mit9

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RTGS Funds Transfer process :
1.RTGS Funds Transfer is both fast and convenient.
2. Go to Third Party Funds Transfer and select ‘Transfer to other bank (using RTGS)’
3. Add the beneficiary’s details
4. Complete the transfer details (the sender and recipient information)
5. Confirm your transaction

Is there a fee?
RTGS transactions are charged as below :
Rs 2 lakh to Rs 5 lakh - Rs. 25 (inclusive of taxes) per transaction
Above Rs 5 lakh - Rs. 50 (inclusive of taxes) per transaction

Note : Charges for RTGS transactions done through Net Banking are not applicable for Current Accounts: Apex / Max / Plus / Merchant Advantage Plus / Flexi / Trade / Merchant Advantage / Premium / Regular.

Important Instructions :
The Funds transfer request through RTGS NetBanking mode can be made only from 9am to 3.30pm, from Monday to Friday and from 9am to 12.30pm on Saturdays.
There will be no RTGS transactions possible on Bank holidays and Sundays.
The money will reach the Beneficiary's Bank within the time stipulated by RBI.

How do I check the IFSC of the receiving branch?
Just ask your beneficiary to get the IFSC from his or her branch. They can also find it in their cheque book - the IFSC is in the cheque leaf.

What information do I need to provide when using the RTGS funds transfer service?
When using RTGS Funds Transfers, there are a few essential details to provide :
** Amount to be remitted
** Account number from where the funds will be debited
** Name of the beneficiary bank, and the name of the beneficiary customer
** Account number of the beneficiary customer
** Sender to receiver information, if there is one
** The IFSC code of the receiving branch

If the money is not credited successfully, will the remitting customer get the funds back?
With RTGS, the receiving bank should credit the account of the beneficiary instantly. If for some reason the money cannot be credited, the receiving bank has to return the money to the remitting bank within two hours. As soon as the money is returned, the original debit entry in the customer's account is reversed.

How long does it take for funds to be transferred from one account to another?
Real-time means that beneficiary branches are expected to receive the funds as soon as they are transferred by the remitting bank. The beneficiary bank must credit the beneficiary's account within two hours of receiving the funds transfer message.

Are there minimum or maximum limits for RTGS transfers?
The RTGS system has been designed for large value transactions.
The minimum amount to be remitted through RTGS is Rs. 2 Lakhs. There is no upper ceiling for RTGS transactions.
The only change to this is RTGS transactions done through NetBanking, when the maximum amount of funds that can be transferred per Customer ID per day is Rs. 10 Lakhs.

About us :
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI's liberalisation of the Indian Banking Industry in 1994. The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.

Contact us :
HDFC Bank Ltd.,
New Bldg; "A" Wing 2nd floor,
26-A Narayan Properties,
Chandivali Farm Road,
Off Saki Vihar Road, Chandivali,
Andheri (East), Mumbai- 400 072

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What information do I need to provide when using the RTGS funds transfer service?

When using RTGS Funds Transfers, there are a few essential details to provide:
** Amount to be remitted
** Account number from where the funds will be debited
** Name of the beneficiary bank, and the name of the beneficiary customer
** Account number of the beneficiary customer
** Sender to receiver information, if there is one
** The IFSC code of the receiving branch

[Guest]

What are the charges and limits for RTGS?

From 15th November, 2010 RTGS transactions are charged according to the conditions below:

Rs. 2 Lakhs to Rs. 5 Lakhs – Rs. 25 (inclusive of taxes) per transaction
Above Rs. 5 Lakhs – Rs. 50 (inclusive of taxes) per transaction

Charges for RTGS transactions done through Net Banking are not applicable for Current Accounts: Apex / Max / Plus / Merchant Advantage Plus / Flexi / Trade / Merchant Advantage / Premium / Regular.

The maximum amount of funds that can be transferred per customer ID every day is Rs. 10 Lakhs. The minimum amount is Rs. 2 Lakhs.