Understanding HDFC Bank’s Scheduled UPI Downtime
In the upcoming month of August this year, HDFC Bank is set to undergo an essential system maintenance that will impact its UPI services. It is crucial for you, as a crypto enthusiast, to be aware of the scheduled downtime to avoid any inconvenience during that period. Here is a detailed breakdown of the information you need to know about HDFC Bank’s scheduled UPI downtime:
When is the HDFC Bank Scheduled UPI Downtime?
During the specific timeframe provided by HDFC Bank, which is on August 10, 2024, from 02:30 AM IST to 05:30 AM IST (lasting for 3 hours), the UPI services will not be accessible for customers. Here are some key points to keep in mind during this period:
– Financial and non-financial transactions for HDFC Bank Current & Savings Account (CASA) holders will be unavailable.
– Financial and non-financial transactions on HDFC Bank Mobile Banking app, Gpay, WhatsApp Pay, PayTM, Shriram Finance, and Mobikwik linked to HDFC Bank account will be unavailable.
What is the UPI Limit in HDFC Bank?
The P2P (Person to Person) limit in HDFC Bank is set at Rs 1 Lakh or 20 Transactions, calculated on a 24-hour basis. It is essential for you to be aware of this limit to manage and plan your transactions effectively.
Frequently Asked Questions about UPI
To provide you with more insights and clarity, here are some common FAQs about UPI according to HDFC Bank’s website:
– What is UPI?: Unified Payment Interface (UPI) is a smartphone-enabled fund transfer for participating bank customers to pay/receive money using a unique UPI ID.
– How long does it take for the money to get credited into the beneficiary account?: For successful transactions, funds get credited into the beneficiary’s account instantaneously.
– Do I need to register for the UPI facility?: Yes, you can register for UPI through the HDFC Banking Mobile Banking App available on Google Playstore & iOS.
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What is UPI ID?: UPI ID is a unique identifier linked to your bank account that can be used to send or receive payments through UPI, for example, abc@hdfcbank where “abc” can be your mobile number.
– Can I register for UPI without seeding my mobile no. in the bank account?: No, UPI IDs are linked to your registered mobile number in the bank account.
– Can I send money to someone who is not registered on UPI?: Yes, payments can be made via IFSC/Account number or MMID/Mobile number of the beneficiary.
– Can I put a stop payment request for funds transferred by UPI?: No, once payment is initiated, it cannot be stopped.
Additional Information about UPI
To provide you with more insights and clarity, here are some additional details about UPI that you should be aware of:
– Can I transfer money abroad using UPI?
– No, you cannot transfer money abroad through this option.
– Can I link my NRE/NRO Account under UPI?
– Yes, you can link the NRE/NRO account on UPI; however, the registered mobile number must be from an Indian service provider & without the prefix 91.
To provide you with more insights and clarity, here are some common FAQs about UPI according to HDFC Bank’s website.
Hot Take: Be Prepared for HDFC Bank’s UPI Downtime
As a crypto enthusiast, staying informed about any disruptions or maintenance activities by financial institutions like HDFC Bank is crucial to managing your transactions effectively. Make sure to mark your calendar for August 10, 2024, and be prepared for the scheduled UPI downtime to avoid any inconvenience during this period. Understanding the UPI limits and essential FAQs will help you navigate through the potential disruptions seamlessly. Stay informed, plan ahead, and keep your crypto transactions smooth and hassle-free.
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