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  #1  
Old October 16th, 2017, 02:25 PM
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Default IMPS HDFC Bank

Can you tell me about the Services Charges levied on IMPS (Immediate Payment Service) facility offered by HDFC Bank for its customers?
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  #2  
Old October 16th, 2017, 03:44 PM
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Default Re: IMPS HDFC Bank

IMPS (Immediate Payment Service) from HDFC Bank is an instant real time inter-bank electronic fund transfer service.

Using it, one will be able to receive or send money even on Sundays and Bank Holidays or late at night and money is credited in to the beneficiary account instantly.

Funds Transfer can be done using IMPS applications / Net Banking provided by the respective banks to their Religious Institutions

IMPS Services Charges

Services Charges will be levied on all IMPS Outgoing transactions:

Slabs IMPS charges excluding Taxes
Rs 1 to Rs 1,00,000 Rs 5
Rs 1,00,001 to Rs 2,00,000 Rs 15

Key Features & Benefits:-
• Instant Fund transfer system.
• No need to share account details.
• Fund transfer using mobile number and Mobile Money Identifier (MMID).
• 24x7x365 days availability.
• SMS alerts to remitter and beneficiary for confirmation of transaction.
• No dependency on aggregators or on clearing cycles.
• Multiple channels for payment - Interoperable.
• Anywhere, anytime banking – access to all participating banks.
• Safe and Secure transactions.
• Same day settlement for transaction done till 11:30 pm
• MMID is a 7 digit number.
• One mobile number can be linked to multiple accounts.
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