You can conduct a Third Party Transfer from your HDFC Bank account to any other HDFC Bank accounts (with a different customer ID).
Third party Transfer within the Bank is a free and real time transaction.
To transfer funds to any other HDFC Bank Account, you will need to Add a Beneficiary first.
Also, please note, the third party transfer limits apply to transfers to other Customer IDs within HDFC Bank also.
Schedule a Transfer
Standing instructions can be set and payments can be scheduled, for an added payee (Except HDFC NRO accounts).
The instruction for Schedule transfer start date can be from T+2 (T being the date of giving the instruction) onwards. Instruction cannot be given to schedule a transfer for immediately next day.
Instructions given through Net Banking/Mobile Banking can be deleted online. All instructions can be viewed online.
The amount cannot exceed the daily funds transfer limit.
Add a Beneficiary
To transfer funds to Third Party Accounts within HDFC Bank, you need to add a beneficiary. This is a one-time process. Doing that is simple, just follow these steps:
Go to Funds Transfer and click on ‘Add a beneficiary’ transaction from Request section.
Beneficiary activation takes 30 minutes post being added.
To keep your account secured, as per the Bank's policy, you are allowed to transfer money up to Rs 50,000/- (In full or parts) during the first 24 hours, for the newly added beneficiary.
After 24 hours, the transfer limit will be your TPT limit.
Maximum of 4 payment modes (across payees) can be added in a day.