HDFC Bank RTGS Fund Transfer – Form, Timings, Fees & Charges

In order to facilitate an RTGS mode of transfer, one needs to fill up the RTGS form of the bank from which the transactions are to be initiated. HDFC is one of the leading banks in the country and has a relatively simpler application form for its RTGS-based transactions. The HDFC RTGS form requires the following information from your end:

Beneficiary Details

• Name of the beneficiary
• Account number of the beneficiary
• Address of the beneficiary
• Branch name and address of the beneficiary bank
• Bank IFSC of the beneficiary
• The amount you wish to transfer via RTGS

Details pertaining to you

• Name of the applicant
• Account number of the applicant
• The cash deposited by the applicant
• Contact details of the applicant – Phone number and email address
• If the applicant is a non-HDFC customer, they need to provide their address

Other Details

• Name and code of the branch from which you want to initiate the process
• Date of process initiation
• Time of process initiation

Once you fill up all these details, you need to put your signature at the bottom of the form. The bank will then provide the acknowledgment copy of the application form. The HDFC RTGS form remains the same for both HDFC and non-HDFC customers. In fact, you can use the HDFC RTGS form for the NEFT application as well. You have to attach your cheque along with the application form and the name of the payee should be “HDFC Bank Ltd. – RTGS”. If you have any doubts regarding any of the fields, you can reach out to any HDFC Bank employees and they should be able to help you through.

RTGS services are available 24×7 if done online except from 11:30 PM to 00:30 AM due to cut-off. However, if you wish to avail the service offline, you will have to call the bank and as about RTGS timings. Banks remain closed on 2^nd and 4^th Saturdays, Sundays and bank holidays.

Even after making the money transfer within HDFC RTGS timing, if the money transfer is delayed then according to the Reserve Bank of India, the amount must be returned to the sender’s bank account within the next 1 hour. If there is any delay in payment, the sender can raise a complaint with the bank or escalate the issue to the customer service department of the Reserve Bank of India.

• Customers of HDFC Bank can transfer minimum Rs. 2 lakh through RTGS.
• If customers intend to transact through net banking, the maximum amount that can be transferred depends on the customer’s TPT limit. However, the maximum amount a customer can transact through RTGS in HDFC is up to Rs. 50 lakh through net banking.

RTGS charges if done online are free. However, if you process RTGS offline from HDFC Bank branches, you will be charged Rs. 15 + applicable GST.

Q. What are the ways of doing RTGS transactions in HDFC?
Ans. RTGS transactions at HDFC can be done via-

• Internet Banking: Adding a beneficiary using the Fund Transfer option with IFSC Code and beneficiary’s bank details. After that, you can transfer the funds.
• Branch:Visit the nearest HDFC branch and fill out the RTGS form to initiate the transaction.
• ENet: Internet banking facility available for corporate account users.

Q. Can I schedule an RTGS transaction in advance?
Ans. Yes, it is possible to schedule an RTGS transaction in advance.

Q. Can I transfer Rs. 1 crore through RTGS?
Ans. Yes, you can transfer Rs. 1 crore through RTGS from the bank branch. However, a maximum of Rs. 25 lakh can be transferred via internet banking or mobile banking.

Q. Is the payment under RTGS final and irrevocable?
Ans. Yes, the payment under RTGS is final and irrevocable considering it takes place in the books of the Reserve Bank of India.

Q. Can I track my RTGS transaction?
Ans. No, there is no option to track your RTGS transaction. However, RBI has provided the facility of positive confirmation of credit transfer to the beneficiary’s account via SMS.