HDFC UPI

HDFC’s Unified Payments Interface (UPI) can be actively used by all customers to send and receive money. The service is available on the HDFC mobile app and can also be downloaded from Google Play store. Users can initiate fund transfers through the app using a virtual address or a bank account number and IFSC code. The UPI interface allows customers to go cashless and transact using a smartphone using only a Virtual Payment Address (VPA). VPA is a type of virtual identity that can be created while registering for the HDFC UPI service and this virtual address enables users to send and receive money without providing other bank details. Customers can, therefore, initiate a transaction only using a VPA and there is no need to add a beneficiary like in other methods of money transfer such as NEFT or IMPS, etc. Once a VPA is created, one has to create an m-PIN and link all bank accounts through the app.

How to Register for HDFC UPI

Step 1: Download the HDFC UPI app on your smartphone from Google store

Step 2: Launch the respective app on the mobile phone and proceed to click on the ‘UPI’ option

Step 3: Begin the registration process by choosing a VPA, name, answer the secret question, and choose the bank name as HDFC. Once this is done click on ‘Next’

Step 4: Proceed to fill in bank account number and click ‘Register’

Step 5: A confirmation message for successful registration will be displayed on the screen. Now proceed to set up a UPI m-PIN

Step 6: To set up m-PIN, Enter the name, VPA, select account, fill in the last 6 digits of your debit card and the expiry date of the card. Proceed to click ‘Submit’.

Step 7: A confirmation message will be displayed on the screen after successfully creating the m-PIN

Please note that an m-PIN is a password that the user will have to provide each time he/she logs into the app.

How to Transfer Money Using HDFC UPI App

Step 1: Go to the HDFC mobile banking app and login by providing the respective m-PIN

Step 2: Click on ‘UPI’ and tap the ‘Pay’ option

Step 3: Choose the bank account from which the money has to be transferred

Step 4: Key in the VPA of the payee. Enter amount to be transferred and write remarks, if any

Step 5: Confirm details and Click ‘Pay’

Step 6: The final step is to provide the m-PIN and click ‘Submit’

How to Collect/Receive Money Using HDFC UPI App

Step 1: Go to the HDFC mobile banking app and login by providing the respective m-PIN

Step 2: Go to the ‘UPI’ section and click on ‘Collect’

Step 3: Enter the VPA of the payer

Step 4: Enter the transaction amount and click ‘Confirm’

Step 5: Set an expiry date or deadline within which money has to be sent

Step 6: Initiate the request. The money will be credited once the payer accepts/approves the request

Benefits of HDFC UPI

  • Secure and safe: One cannot carry out transactions through this app without providing the m-PIN. This pin has to be keyed in for all transactions via the app, giving this type of payment mechanism an added level of security.
  • Easy transfer without bank account details: One does not need to add a beneficiary or provide bank account details for initiating a fund transfer via this method of payment. One can easily carry out a transaction using the VPA at a much faster rate without any hassle.
  • Virtual address: A VPA is given to each individual who registers for the app. Using this, one can easily send and collect money. There is also a provision to create multiple VPAs, making the account safe and secure.
  • Instant transfer: This payment platform enables users to make seamless money transfers and also make collect requests on a 24 /7 basis. Transactions can be made at any time and there are no restrictions when it comes to bank holidays, etc.

Limitations of HDFC UPI

  • Only for Android phones: At present, this service is only available for those using Android phones. The payment interface app is currently not for IoS users. However, the service is likely to be launched on the IoS platform soon.

Timings of HDFC UPI

All HDFC UPI transactions can be made at any time and there are no specific timings for this service.

Charges for of HDFC UPI

HDFC charges a processing fee for all transactions carried out through the app.

Transaction amount Fee (in Rs)
Rs.1 to Rs.25,000 3
Rs.25,000 to Rs.1 lakh 5

FAQs of HDFC UPI

1. What is UPI?

Expanded as United Payments Interface, UPI, is a new type of cashless payment system. The service can be availed through an Android smartphone.

2. What is the time window for the payee to receive the funds sent via the HDFC UPI app?

Funds usually get transferred on a real-time basis instantaneously via this app.

3. Is it mandatory to register on the app to avail the service?

Yes. One cannot carry out any transaction without a valid VPA, which can only be obtained after registration.

4. Is it possible to send money to a payee who is not registered on HDFC UPI?

Yes. This can be done by providing the payee’s bank account number and IFSC.

5. Is it compulsory to seed the mobile number with the bank account?

No. Transactions cannot be carried out without seeding your mobile number because the UPI VPA is linked to the registered mobile number and the bank account.

6. What is the transaction limit?

The upper limit per transaction from an HDFC account is Rs.1 lakh. The upper limit per day is Rs.1 lakh.

7. Is it possible to set a default bank account in the app?

Yes.

8. Can a user keep a track of UPI transactions?

Yes. This can be done through the app by going to ‘Transaction History’.

9. Is it possible to stop payment once funds are transferred accidentally?

No. Unfortunately, this is not possible.

10. is it possible to raise a dispute in case of any conflict?

To do this, go to ‘Transaction History’ and tap the ‘Raise Dispute’ button

11. Can a user send money to a bank account held outside India through this app?

No. This facility is only available across India.

12. Can customers link their NRO/NRE accounts with the HDFC UPI app?

No.

13. Can the UPI service be de-activated?

Yes. This can be done by de-registering for the service. To do this, launch the app, click on view profile and choose the ‘de-register’ option.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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