Adding a beneficiary in HDFC Bank is a simple process that allows you to transfer funds to another account quickly and securely. Whether you are sending money to a family member, paying a vendor, or transferring funds to your own account at a different bank, the process is the same. In this blog post, we will walk you through the steps of adding a beneficiary in HDFC Bank and explain the different options available to you. Before we get started, it is important to note that you will need to have an HDFC Bank account and be registered for online banking in order to add a beneficiary. If you do not have an account or are not registered for online banking, you will need to visit a branch in person to add a beneficiary. How to Add Beneficiary in HDFC Bank?Step 1: Log in to your HDFC Bank account The first step in adding a beneficiary is to log in to your HDFC Bank account. You can do this by visiting the HDFC Bank net banking website and entering your username and password. If you have not registered for online banking, you will need to do so before you can access your account. Step 2: Navigate to the "Fund Transfer" section Once you have logged in to your account, navigate to the "Fund Transfer" section. This can typically be found under the "Transactions" tab or in the main menu. Step 3: Select the "Add Beneficiary" option In the "Fund Transfer" section, you will see an option to add a beneficiary. Click on this option to begin the process. Step 4: Enter the beneficiary's information You will now be prompted to enter the beneficiary's information, including their name, account number, and IFSC code. It is important to double-check this information to ensure that it is accurate, as any mistakes could result in the funds being transferred to the wrong account. Step 5: Confirm the beneficiary's information Once you have entered the beneficiary's information, you will need to confirm it. This typically involves verifying a one-time password (OTP) that has been sent to your registered mobile number or email address. Step 6: Wait for the beneficiary to be approved After you have confirmed the beneficiary's information, your request will be sent for approval. This process can take anywhere from a few hours to a few days, depending on the complexity of the request and the amount of money involved. Step 7: Transfer the funds Once the beneficiary has been approved, you will be able to transfer funds to their account. Simply select the beneficiary from the list of approved beneficiaries and enter the amount you want to transfer. You will also need to confirm the transaction using an OTP. There are a few different options available to you when adding a beneficiary in HDFC Bank. One option is to add a "self" beneficiary, which allows you to transfer funds to your own account at a different bank. This is useful if you have accounts at multiple banks and want to transfer funds between them. Another option is to add a "third-party" beneficiary, which allows you to transfer funds to any account that is not your own. This is useful for sending money to family members, paying vendors, or transferring funds to a friend's account. Finally, you can also add an "international" beneficiary, which allows you to transfer funds to an account outside of India. This is useful for sending money to family members or friends who live abroad, or for paying vendors in other countries. ConclusionIn conclusion, adding a beneficiary in HDFC Bank is a simple process that allows you to transfer funds quickly and securely. Whether you are sending money to a family member, paying a vendor, or transferring funds
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AuthorHi, I am Rakesh. Ex employee at HDFC Bank. Now, I am helping people with their queried related to HDFC Bank. ArchivesCategories |