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HomePersonal FinanceHDFC Bank UPI transactions rules update: HDFC Bank customers do UPI...

HDFC Bank UPI transactions rules update: HDFC Bank customers do UPI transactions like this, learn easy steps

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HDFC Mobile Banking App allows customers to pay credit card bills, mobile bills and water/electricity bills.


New Delhi. HDFC Bank offers mobile banking services to provide a holistic banking experience to its customers. Through HDFC Mobile Banking, customers can transfer money from one account to another instantly using modes like UPI, NEFT/IMPS and MMID. HDFC Mobile Banking App allows customers to pay credit card bills, mobile bills and water/electricity bills.

HDFC Mobile Banking services are great option for the customers so that all banking transactions can be done directly on the mobile phone. You can do HDFC Mobile Banking registration online without visiting the bank branch or ATM.

Know the process of using UPI: The bank has also told how to use its UPI and how to create a UPI ID.

>> Firstly click on ‘BHIM UPI Payment’ icon at the bottom of HDFC Bank Mobile Banking App
>> An auto SMS will be generated for bidding and security of the device. You have to send this SMS.
>> Create a UPI ID. Like your mobile number as your UPI ID eg 98XXXXXX21@hdfcbank
>> Select HDFC Bank account number to link to UPI ID >>
Generate 4 digit UPI PIN using debit card details and your UPI registration is done

Learn how to make UPI payments
>> Click on ‘BHIM UPI Payment’ icon at the bottom of HDFC Bank Mobile Banking App.
>> Enter the 6-digit App Password.
>> Click on ‘Send Money’.
>> You can opt for ‘Pay Via’.
>> Beneficiary’s UPI ID, Account Number, IFSC.
>> Enter Mobile Number, MMID, Amount and other details.
>> Enter the 4-digit UPI PIN and make the payment.

Bank increased interest rate
HDFC Bank had raised fixed deposit (FD) interest rates twice last month. According to the information given by the bank, the new interest rates are effective from today, 26 October 2022. These rates are applicable for deposits below ₹2 crore. HDFC Bank has increased FD interest rates by up to 50 basis points (bps). Following today’s hike, HDFC Bank is offering interest rates ranging from 3% to 6.25% for general customers on deposits maturing in 7 days to 10 years.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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