Organization : HDFC Bank Ltd
Facility : RTGS Funds Transfer
Website:http://www.hdfcbank.com/personal/making-payments/fund-transfer/rtgs-funds-transfer
HDFC Bank RTGS Funds Transfer
‘Real Time Gross Settlement’, RTGS, is the fastest possible money transfer system through the banking channel. Because settlements are made in real time, transactions are not subject to any waiting periods. With RTGS, transferring money becomes an easier, faster process.
Related / Similar Facility :
1. Apply for Demat Account Online
2. HDFC Bank – List of All Facilities
RTGS Funds Transfer process :
RTGS Funds Transfer is both fast and convenient.
** Go to Funds Transfer and select ‘Transfer to other bank (using RTGS)’
** Add the beneficiary’s details
** Complete the transfer details (the sender and recipient information)
** Confirm your transaction
RTGS Fee Details
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.
FAQs
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.