Never Struggle With Adding Beneficiary in HDFC Again - Here's How

Introduction:

Sending funds to another financial institution requires selecting a beneficiary account. It is crucial to have the correct account information of the receiver available. HDFC Bank offers several methods to transfer funds to other HDFC Bank accounts or financial institutions, including IMPS, NEFT, and RTGS. However, adding the beneficiary’s bank account information is essential.

I. Steps to Add a Beneficiary in HDFC Bank by Using Net Banking

To add a beneficiary using net banking, you must first log in with your net banking ID and password. Navigate to the "Funds Transfer" option, choose "Request," and then select "Add a Beneficiary." You have to choose a transaction type and select an account, and then you can fill in the required fields. To verify your transaction, you should enter the OTP received on the phone number and email address you provided during registration. Finally, contact HDFC Bank to submit a request to add a beneficiary. After HDFC Bank accepts your request in around 30-minutes, you can make the transfer within an hour.

II. Adding a Beneficiary in HDFC Bank for Intra-Bank Transactions

If the beneficiary has an account with HDFC Bank, you can add them as an intra-bank beneficiary. First, log in to your account with your username and password. Find the “Payments & Transfers” menu, then select the “Manage Beneficiary” option. Start by filling in the name, account number, bank name, branch name, IFSC code, and other required fields for the beneficiary. To complete the registration, confirm that you have read and accepted the terms and conditions. Once you submit, an OTP will be sent to the registered phone number. Verify OTP and you will get a confirmation message that the beneficiary has been added. Finally, the newly added beneficiary account will become active in minutes or hours, and you can send money to their account.

III. FAQs on Adding a Beneficiary in HDFC Bank

If you are adding a beneficiary for the first time, expect the process to take at least 30 minutes. Also, the add beneficiary option can be found in the Funds Transfer menu. You must have internet banking to complete this process.

Conclusion:

In conclusion, adding a beneficiary in HDFC Bank is an effortless and straightforward process that enables you to transfer money to others swiftly and securely. HDFC Bank provides multiple options for account transfer between HDFC Bank accounts or even other financial institutions. It is a vital requirement to add the beneficiary's account details to ensure swift and secure transactions. By following the above steps, you can easily add a beneficiary for your financial needs.