Payment Services

Types of Payment Services

  • Manage your payment distribution efficiently with our range of services, including:
  • Payable-at-par cheques
  • Make payments easily and cost-effectively at any HDFC Bank location with payable-at-par cheques. If your mutual fund requires wider coverage for dividend or redemption payments, we can offer that through our correspondent bank network.
  • Bulk Disbursements
  • Issue a large volume of drafts in a short time at competitive rates at any HDFC Bank location or a location covered by our correspondent banks.
  • High-value payout
  • Issue high value pay orders for redemption of liquid schemes at specified HDFC Bank locations
  • Direct credits
  • Provide your investors with the benefit of direct credits of dividend or redemption proceeds to their HDFC Bank accounts.
  • For more details, write to us at fig@hdfc.bank.in

Frequently Asked Questions

Financial Payment Services refer to transactions where money is transferred between parties. HDFC Bank offers various payment services, including payable-at-par cheques, bulk disbursements, high-value payouts, and direct credits facilitating easy and secure monetary transactions for its customers.

In finance, a ‘Payment Service’ is a system that enables individuals and businesses to transfer funds. HDFC Bank’s payment services encompass NEFT, RTGS, and UPI, ensuring efficient and other reliable fund transfer methods within the financial ecosystem.

The primary objective of Payment Services is to provide a convenient and safe mechanism for transferring money. HDFC Bank’s payment services aim to streamline financial services transactions, reduce processing time, and enhance user experience with cutting-edge technology.