How to Add Beneficiary in HDFC Bank?

How to Add Beneficiary in HDFC Bank?

A beneficiary can be added to HDFC Bank in a straightforward manner via a variety of methods, including branch visits, internet banking, and mobile banking. All channels go through a similar process, but the specific steps may change slightly depending on the method you select. In this article, I'll describe how to add a beneficiary at HDFC Bank using internet banking, mobile banking, and branch visits.

How to Add Beneficiary in HDFC Bank

There are various methods to add beneficiaries to HDFC Bank:-
 

1. Internet Banking
2. Mobile Banking
3. Visiting Branch

Let's understand each method with a detailed analysis:-

Internet Banking

• Visit the bank's website and log into your HDFC Bank account.
• After logging in, choose "Add Beneficiary" from the "Transfer" menu.
• Decide the account you wish to add the beneficiary to.
• The beneficiary's name, account number, bank name, and IFSC code must all be entered.
• Verify the information, then click "Submit."
• You will receive an OTP (One Time Password) at the registered mobile number. To finish the procedure, enter the OTP.
• After 24 hours, the beneficiary will be added to your account and be eligible for transfers.

Mobile Banking App

• Use your smartphone to log in to the HDFC Bank mobile app.
• After logging in, choose "Add Beneficiary" from the "Transfer" menu.
• Decide the account you wish to add the beneficiary to.
• The beneficiary's name, account number, bank name, and IFSC code must all be entered.
• Verify the information, then click "Submit".
• You will receive an OTP (One Time Password) at the registered mobile number. To finish the procedure, enter the OTP.
• After 24 hours, the beneficiary will be added to your account and be eligible for transfers.

Visiting Branch

• Bring a valid ID to any HDFC Bank location.
• Tell the bank employee that you wish to change the beneficiary on your account.
• Put your information on the needed forms, including the beneficiary's name, account number, bank name, and IFSC code.
• The banker will examine the data and carry out the request.
• The beneficiary will be included in your account and become transferable after 24 hours.

It's vital to remember that the beneficiary won't be transferable until 24 hours have passed. This security precaution was put in place to stop fraudulent transactions. Before submitting the request, you should also double-check the information you have supplied because any mistakes could result in delays or possibly the request being rejected.

FAQ's

How many beneficiaries in HDFC Bank can I add?

A: Through internet banking or mobile banking, you can add up to 20 beneficiaries to your HDFC Bank account.

How long does it take at HDFC Bank to add a beneficiary?

A beneficiary can be added to HDFC Bank within a matter of minutes using either internet banking or mobile banking. The beneficiary, however, won't be transferable until 24 hours have passed.

Does adding a beneficiary need my personal presence at the branch?

A: No, you don't need to visit a branch; you can add a beneficiary at HDFC Bank using the internet or mobile banking.

Is it possible to add a beneficiary from another bank?

A beneficiary from a separate bank may be added to HDFC Bank, yes. Just the beneficiary's account number, together with the bank's name and IFSC code, are required.

Is there a maximum amount I can send to a beneficiary through HDFC Bank?

A: The amount you can send to a beneficiary through HDFC Bank is subject to a cap, yes. Depending on the type of account you have and the applicable regulations, the limit may change.

If I am unable to add a beneficiary in HDFC Bank, what should I do?

A: If you're having trouble adding a beneficiary in HDFC Bank, you can get help from the bank's customer support. They will be able to help you navigate the procedure and deal with any problems you encounter.

Conclusion

In conclusion, adding a beneficiary in HDFC Bank is a straightforward operation that can be carried out via a variety of platforms, including online banking, mobile banking, and branch visits. All channels go through a similar process, but the specific steps may change significantly based on the option you select. Additionally, the bank has put security measures in place to stop fraudulent transactions. As a result, it's crucial to double-check the data before submitting the request and to wait 24 hours before making the transfer.