Payment Services

About Payment Services

  • HDFC Bank's payment services ensure prompt and efficient transactions, enabling customers to make timely payments with ease.
  • Our extensive branch network covers over 98% of shareholders and beneficiaries, ensuring superior quality in reconciliation, query resolution, and pricing services.
  • The wide reach reduces dependency on correspondent banks and allows for mutually agreed maximum limits on warrants, minimising draft costs and efforts.
  • We efficiently handle large volumes of drafts at competitive rates and offer at-par cheque books at branch locations after revalidation, eliminating the need for Demand Drafts (DD).

Key Features of Payment Services

Convenience

  • No Correspondent Bank Dependency 
    Customers don't have to rely on other banks because HDFC Bank has many branches.
  • Extensive Branch Network
    Access services at over 3,200 HDFC Bank locations and through correspondent arrangements at more than 11,000 locations.
  • Flexible Warrant Limit
    Customers can decide how much they want their draft limit to be.
  • ENet Banking File Transfer 
    Customers can easily send files from their office to HDFC Bank.
  • Extensive Pay Order Printing
    HDFC Bank can print Pay Orders at over 800 locations.
Wide Branch Coverage

Streamlined Payment Solutions

  • Easy Statutory Payments
    Quickly pay dividends or interest, debenture redemptions, or IPO refunds.
  • Quick Volume Drafting
    HDFC Bank can help customers quickly make a lot of drafts at good prices.
  • Get at Par Cheque Book
    Customers can get a special type of cheque book from HDFC Bank.
  • Direct Beneficiary Mailing
    HDFC Bank can send payments directly to the person who needs it.
  • Efficient Payment Instructions
    Customers can quickly send many payment instructions at once.
No Correspondent Bank Dependency

Enhanced Customer Support

  • Comprehensive Reporting
    Customers get detailed reports to help them understand their payments better.
  • Dedicated Service Desk
    A special team at HDFC Bank helps customers with their problems.
  • DD Status Updates
    Customers can easily check whether their Demand Drafts are paid for at HDFC Bank.
Easy Statutory Payments

Frequently Asked Questions

To apply for Corporate Payment Methods, you need to contact the bank’s corporate banking division, provide the necessary documentation, and discuss the specific needs to get a tailored payment solution.

The benefits of Corporate Payment Services online include improved cash flow management, reduced processing costs, enhanced security measures, and the convenience of handling multiple payment types and currencies through a single platform.

Corporate Payment Services refer to financial solutions tailored specifically for businesses. These payment services for corporates encompass various aspects of managing payments within a corporate environment, including payroll processing, invoicing, vendor payments, and expense management. 

 Corporate Payments simply refer to the transactions and financial activities conducted by businesses. This includes all outgoing and incoming payments related to salaries, bills, supplier payments, or any other financial obligations a company may have.