How to Add Beneficiary in HDFC Bank – Net Banking & App Guide

Diwaker is a Businessman. His daily business transactions are more than ₹10,00,000. He added “HDFC Beneficiary” for simplified and secure transactions and the potential for a higher limit.

(Because of this, he can handle his finances instantly and potentially increase the amount he is allowed to transfer.)

Diwaker can manage payments more easily and securely, saving time in the process.

What is a Beneficiary?

You can set up a beneficiary in your bank account to make international payments. Switch to fast and secure money moving, using their information to avoid retyping details each time.

Example: 

• Diwaker manages a business and must pay his supplier, Rajesh, every week. 
• Diwaker added Rajesh as a beneficiary to his HDFC account to speed things up. 
• It now takes him only a few clicks to send money to Rajesh.

Key Points About Beneficiaries

Having a beneficiary in your account allows for swifter payments and fewer mistakes. He uses it to ensure his business transactions proceed smoothly.

Types of Beneficiaries in HDFC

You can use your HDFC account to send money to a person known as a beneficiary. You can choose from various beneficiaries based on the transfer speed and the amount you wish to send.

Example:

Different beneficiaries' facilities work for different types of needs; Diwaker uses the well-being fund, family, and individual for different reasons. 

• Pays his workers their salaries without delay (IMPS). 
• Place significant transactions with suppliers through RTGS. 
• He sends part of his income to his family through an NEFT transfer.

Read More – How to Add a Beneficiary in YONO SBI
 

Types of Beneficiaries in HDFC

Key Points

• IMPS is the fastest but has a daily limit.
• NEFT works for most routine payments.
• RTGS is for big amounts (₹2 lakh+).
• HDFC-to-HDFC is instant with no fees.

To keep his business payments running smoothly, he selects the best option depending on how urgent and big the payment is.

Steps to Add a Beneficiary in HDFC NetBanking

Having a beneficiary set up allows Diwaker to instantly send money to his suppliers and employees without entering the details every time. Here's how he does it:

Example:

Diwaker needs to include his fabric supplier, Rohan Textile, among the beneficiaries so he can easily make regular payments.

Step-by-Step Process

Key Points

• Always verify account details before submitting.
• IMPS activates fastest (30 minutes).
• NEFT/RTGS takes up to 4 hours.
• Nicknames help identify beneficiaries easily.

He takes these precautions when adding new beneficiaries for his business activities.

Time Taken for Beneficiary Activation in HDFC

Adding a new beneficiary to his HDFC account requires Diwaker to wait before transferring funds. The duration he must wait is based on the transfer service selected. Here's what he experiences:

Example:

• Diwaker adds the name of his new steel supplier on Monday morning as a beneficiary. 
• He needs to make the payment by this afternoon. 
• If the wait is longer, the payment can be made later.

Activation Times for Different Transfer Types

Important Note:

• Business hours matter: Transfers made after 6 PM will come into effect the following day. 
• Once newly eligible, first-time Pensioners are given a year to activate their pension. 
• Checking the activation status is a regular part of Diwaker’s actions before sending any money. 
• It is common for activation to finish early compared to the maximum time limit.

He manages his payments, considering the timing for activating the cards, to ensure his transactions do not experience delays. When the need is urgent, he opts for IMPS or HDFC-to-HDFC transfers, which are faster.

Also Read - HDFC Bank Net Banking
 

How to Delete a Beneficiary in HDFC?

Diwaker has stopped working with a previous supplier and wants them taken off his account list. Here's how he does it:

• Log in to HDFC NetBanking on the website or mobile app.
• Go to “Funds Transfer” and select “Manage Beneficiary”.
• Find the beneficiary name he wants to remove (like "Old Steel Supplier").
• Click on "Delete" next to the name.
• Enter his “NetBanking password” or confirm with OTP.
• The beneficiary gets removed immediately.

Things Diwaker remembers:
 

• Beneficiaries who have been removed can be added again in the future. 
• He carefully looks at the name again before proceeding with deletion.
• Our response is fast, with the infestation being taken care of instantly.
• He cleans up his account list by deleting old or unused accounts.

Conclusion

Having beneficiaries set up in HDFC NetBanking helps Diwaker conduct his business efficiently. Paypal allows him to save time by not having to pay suppliers and employees separately. Because he had Rohan Textiles as a beneficiary, he could transfer money instantly whenever he needed to pay them. 

For money that needs to move fast, Diwaker relies on IMPS, and for key material purchases, RTGS is used, which may take several hours. After a business linkup closes, like with his old steel supplier, Diwaker deletes those contacts from the list of people who can access his funds to maintain security. 

By simply adding his bank account, allowing it to activate, and taking it out when it’s not useful, Diwaker manages to focus on his work and leave the bank worries behind. Just as he needs it, the system makes his transactions effective, protected, and well-arranged.

FAQs

1. What is a beneficiary in HDFC NetBanking?

A beneficiary is someone you register in your account to send money to regularly, like Diwaker adds his fabric supplier to pay them easily every month.

2. How long does it take to activate a new beneficiary?

It depends: IMPS works in 30 minutes, NEFT/RTGS takes up to 4 hours, while HDFC-to-HDFC transfers work instantly.

3. Can I send money before the beneficiary is activated?

No, you must wait until the activation time is over. Diwaker always checks the status before making payments.

4. What details do I need to add a beneficiary?

You need their name, account number, bank name, and IFSC code – just like when Diwaker pays his employees.

5. Is there a limit to how many beneficiaries I can add?

HDFC allows many beneficiaries, but Diwaker keeps only active ones to stay organised.

6. How do I delete an old beneficiary?

Go to "Manage Beneficiary," select the name (like Diwaker’s old supplier), and click delete, and it’s removed immediately.

7. What if I enter the wrong beneficiary details?

Double-check before submitting. If wrong, delete and re-add the correct details to avoid failed transfers.

8. Can I change a beneficiary’s details later?

No, you must delete and add them again with the correct information.

9. Why is my beneficiary not activating even after 4 hours?

Sometimes delays happen. Diwaker checks again after 4 hours or contacts HDFC customer care if needed.

10. Is adding a beneficiary safe?

Yes, as long as you verify details carefully, just like Diwaker does for his business payments.

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