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Frequently Asked Questions

Money can be transferred through several methods, including bank transfers, online payment platforms, mobile apps, wire transfers, and traditional methods like cash or cheque deposits.

Money transfer methods with HDFC Bank include UPI, card transfers, RTGS, IMPS, and NEFT.

Money transfer means sending money from one person or account to another, either domestically or internationally, using various methods, like bank transfers, online services, or cash transfers.

Long Form Content

  • Features of Money Transfer
  • Features vary with transfer methods. Here is how:
  • If you use UPI, the transfer process is instant and does not attract any fees.
  • With IMPS, you can make payments using the beneficiary's mobile number and MMID.
  • NEFT has multiple verification steps to ensure secure transactions.
  • With RTGS, you can remit amounts exceeding ₹2 lakh.
  • You can use VisaPay to pay outstanding amounts up to ₹49,999 instantly.
  • RemitNow is a method that offers security against exchange rate fluctuation.
  • Benefits of Money Transfer
  • Easily send or receive funds anytime, from anywhere, without needing to visit a bank or physical location.
  • Money transfers can be made using various methods, including online platforms, mobile apps, and ATMs, making it accessible for users with different preferences.
  • Modern money transfer methods use encryption and secure protocols to protect against fraud and unauthorised access, ensuring safe transactions.
  • Money can be sent internationally, enabling transactions between individuals or businesses across different countries and currencies.
  • Many money transfer services offer competitive fees or even free transactions, especially for digital transfers, reducing the cost of moving funds.