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HDFC Bank IMPS Charges

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About HDFC Bank IMPSIt is an instant interbank electronic fund transfer service
HDFC Bank IMPS TimingsAvailable 24x7, 365 days
HDFC Bank IMPS Limit (Minimum)Re. 1
HDFC Bank IMPS Limit (Maximum)Rs. 2 Lakh
HDFC Bank IMPS Charges (outward)
  • Upto Rs.1000 - Rs. 3.50 per transaction
  • Rs. 1,001 to Rs. 1,00,000 - Rs. 5 per transaction
  • Rs. 1,00,001 to Rs. 2,00,000 - Rs. 15 per transaction
HDFC Bank IMPS Transfer Modes
  • Using Mobile number & MMID (P2P)
  • Using Account number & IFSC Code (P2A)

Eligibility for HDFC Bank IMPS

All resident current and savings account holders of the HDFC Bank who are registered for Net Banking or Mobile Banking or having a valid MMID (Mobile Money Identifier) are eligible for this service.

How to Register for HDFC Bank IMPS?

  • For fund transfers through IMPS, one needs to have IFSC & Bank account number (OR) MMID & Mobile number
  • You should have a mobile banking or net banking account
  • You can register for net banking at the time of opening your account or later on
  • You can get your MMID generated by visiting your branch or calling bank customer care or through mobile app

How to Register Beneficiary for IMPS?

  • Step 1 - Log into HDFC Bank NetBanking/MobileBanking using your Customer ID and Password
  • Step 2 - Click on Funds Transfer tab
  • Step 3 - Click "Add a Beneficiary", and then select Beneficiary Type 'Transfer to other bank'
  • Step 4 - Fill in the details(Account No. & IFSC or Mobile No. & MMID)
  • Step 5 - Click 'Add', then 'Confirm'
  • Step 6 – Authenticate yourself at the secure access step, and wait for your confirmation message

How to Send Money through HDFC Internet Banking using Mobile Number & MMID?

  1. Login to NetBanking
  2. Click on "Funds Transfer" Tab
  3. Click on IMPS Funds transfer using Mobile number, enter the details, and confirm the transaction
  4. You will receive the confirmation SMS for IMPS transaction

IMPS Vs NEFT

IMPS Vs NEFT

IMPS Vs RTGS

IMPS Vs RTGS

How to Send Money through HDFC Internet Banking using Account Number & IFSC?

  1. Log into HDFC Bank NetBanking using your Customer ID and Password
  2. Click on "Funds Transfer" Tab
  3. Click on IMPS Funds transfer using account number, enter the details, and confirm the transaction.
  4. You will receive the confirmation SMS for IMPS transaction

How to Send Money through IMPS from Mobile Banking?

Blackberry

  1. Logon to MobileBanking
  2. Click on Third Party Transfer
  3. Click on IMPS Funds Transfer
  4. Fill the details ie Beneficiary Mobile Number, Beneficiary MMID, Amount and Remark and confirm
  5. You will receive the confirmation sms for IMPS transaction

Android and Iphone App

  1. Logon to MobileBanking
  2. Go to Funds Transfer Tab
  3. Click on IMPS button
  4. Fill the details ie Beneficiary Mobile Number, Beneficiary MMID, Amount and Remark and confirm
  5. You will receive the confirmation sms for IMPS transaction

How to Receive Money using Mobile Number and MMID?

There are following 2 options available for receiving money using IMPS:

  • Option 1:Share your Account number and IFSC with the sender to receive money through IMPS
  • Option 2:Share your Mobile number and MMID with the sender to receive money through IMPS

How to Generate the MMID?

Option 1: Mobile Banking
  1. Login to MobileBanking App or logon to m.hdfcbank.com from mobile internet browser
  2. Click on accounts section
  3. Click on Generate MMID
Option 2: Net Banking
  1. Login to NetBanking, and click on Generate MMID transaction in left menu, under Request section
  2. Enter the details and Confirm
  3. MMID is generated for your account
Option 3: Phone Banking
  1. Call PhoneBanking number of your region
  2. Select Language
  3. Select 1 for Banking
  4. Select 6 to talk to agent to register for IMPS and generation of MMID
  5. Request for IMPS registration will be tken and MMID will be sent to your Mobile number by next working day

Merits of HDFC Bank IMPS

  1. Send money any time of the day
  2. Instant confirmation of fund transfer to receiver and sender
  3. Funds reach your beneficiary instantly
  4. There is very nominal charge for IMPS
  5. Safe and secure way to transmit money
  6. Easily accessible and cost effective
  7. No cap on minimum amount transferred using IMPS
  8. Available 24x7, 365 days (functional even on holidays)
  9. It can be operated through multiple channels

Demerits of HDFC Bank IMPS

  1. Funds can be transferred to the new beneficiary only after its activation
  2. Maximum Rs 5000 per day per Cust ID only can be transferred through IMPS using MMID
  3. Maximum Rs 1000 per day per Cust ID only can be transferred through IMPS using USSD
  4. Cap on maximum transfer amount: Only upto Rs. 50,000 can be transferred through IMPS
  5. There is a transaction fee per IMPS fund transfer

Which Banks are Offering IMPS?

Bank NameMobile No. & MMIDAccount No. & IFS CodeInternetBranchMobileATM
Abhinandan Urban Co.op. Bank LtdLiveLiveLiveLive
Abhyudaya Co Operative BankLiveLiveLiveLive
Adarniya Pd Patil BankLiveLive
Adarsh Co Operative BankLiveLiveLive
Adarsh Mahila Nagari Sahakari Bank Ltd.,aurangabadLiveLive
Aditya Birla Idea Payments Bank Ltd.LiveLive
Ahmedabad District Cooperative BankLiveLiveLive
Ahmednagar Merchant's Co Op. Bank Ltd.LiveLiveLiveLive
Ahmednagar Shahar Sahakari Bank MaryaditLiveLive
Airtel Payments Bank Ltd.LiveLive
Ajantha Urban Co Op Bank LtdLiveLive
Ajara Urban Cooperative Bank LtdLiveLiveLive
Akhand Anand Co Op Bank Ltd(icici)LiveLive
Akola District Central Cooperative Bank LtdLiveLive
Akola Janata Commercial Co Operative Bank LtdLiveLive
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 ... Next

FAQs

HDFC, I can link more than one account to the same mobile number. However each account number will have different MMID.

On successful completion of the transaction, alerts will be sent on your preferred mobile number and email ID registered with the bank.

Maximum Rs. 2 lakh can be transferred through HDFC IMPS.

For any reason, if the IMPS transaction is not processed, the money would be credited back to the sender's account instantly. In case the fate of the transaction is not determined immediately, the reversal of funds will happen on the next working day. In case your HDFC Bank account is debited and the beneficiary account is not credited, then please contact our 24x7 Customer Care Centre.

Yes. It is mandatory to update your mobile number with your bank.

There are no inward IMPS charges. For outward IMPS, Upto Rs.1000 charge is Rs. 3.50 per transaction, from Rs. 1,001 to Rs. 1,00,000 charge is Rs. 5 per transaction and from Rs. 1,00,001 to Rs. 2,00,000 charge is Rs. 15 per transaction. GST of 18% will be applicable on all these charges.

No, after initiating the payment request through IMPS, payment cannot be stopped or cancelled.

HDFC, the customer should have sufficient account balance to initiate a fund transfer using IMPS.

There are 2 ways:

Beneficiary Mobile Number and MMID

Beneficiary Account Number and IFSC

The beneficiary should have his mobile number registered with the bank where he has his account and wants to receive the credit.

The beneficiary should have his mobile number registered with the bank where he has his account and he should also have a valid MMID provided by the bank.

HDFC Bank does not charge any fees for IMPS fund transfer.

MMID stands for Mobile Money Identifier. MMID is a 7 digit code issued by participating banks to their customers for availing IMPS.

Yes, NRI customers can transfer funds from their NRI account to a resident account using IMPS.

At present, the maximum limit for IMPS transactions through iMobile is Rs 10,000 per customer per day.

The funds get credited into the beneficiary's account instantly.

If the status of the transaction is shown as not available/pending, as per NPCI guidelines request you to wait for 2 days for reversal of funds in your account or credit to beneficiary's account. In case of non-receipt of funds after 2 days, please call or write to us with the following details:

  • RRN (Transaction Reference Number)
  • Date of transaction
  • Amount of transaction
  • Remitter Bank Name
  • Beneficiary Bank Name

All resident current and savings account holders of the bank who are registered for Net Banking or Mobile Banking are eligible for this service.

No. You cannot transfer money abroad using IMPS. This facility is available for fund transfers made only in India.

  • Login to NetBanking
  • Click on "Funds Transfer" Tab
  • Click on "View IMPS Funds transfer" in the Enquire section
  • Input Reference number or Specify date to search your transaction
  • Press OK
  • System will display the list of IMPS transaction
  • Click on the reference number of the transaction to check the status of the transaction
 

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