debit card Archives

HDFC Bank UPI, NEFT, RTGS, ATM Withdrawals To Be…

13 July 2024
by admin

New Delhi: Private sector lender HDFC Bank has announced that it is going to temporarily halt UPI services on July 13 due to migration of its Core Banking System (CBS) to a new engineered platform.

“We are conducting a system upgrade at HDFC Bank on Saturday, 13th July 2024, from 3:00 AM to 4:30 PM. This upgrade aims to enhance your banking experience by improving performance speed, expanding capacity for high traffic and boosting overall reliability,” HDFC Bank has said.

To make your future online banking experience better, we’re undergoing a system upgrade._

For more details, click here: https://t.co/3QipoYoARB #Annoucement #SystemUpgrade pic.twitter.com/z3hnXRCqeq
— HDFC Bank (@HDFC_Bank) July 12, 2024

HDFC UPI Services To Be Unavailable At THESE Timings On July 13

HDFC UPI Services will be unavailable at two intervals –one is from 3:00 AM to 3:45 AM and the other is from 9:30 AM to 12:45 PM –informed the bank.

For HDFC Bank Account holders the following UPI services will not be available in the said time

Send and receive money

Merchant payment (QR or online)

Balance enquiry

Set or change pin

NetBanking, Mobile Banking, Online Fund Transfer To Be Unavailable On July 13

NetBanking and Mobile Banking services will be unavailable throughout the entire upgrade period i.e, from 3:00 AM to 4:30 PM. Meanwhile, online fund transfer modes –IMPS, NEFT, RTGS, HDFC Bank account-to-account online transfers as well as branch transfers –will also remain unavailable throughout the upgrade period.

Can You Use Your HDFC ATM Card On July 13?

During the upgrade period, HDFC customers can withdraw cash from ATMs with the HDFC Bank debit card and credit cards. Though there will be some restricted limits on the usage. Usage of debit and credit cards on swipe machines will be permitted.

Critical Services impacted during the system upgrade:

Time	3:00AM – 3:45AM	3:45AM – 9:30AM	9:30AM – 12:45PM	12:45PM – 4:30PM
UPI	Not Available	Available	Not Available	Available
ATM & Debit Cards	Available with Restricted limits*	Available	Available with Restricted limits*	Available
NetBanking & MobileBanking	Partially Available	Partially Available	Partially Available	Partially Available
Other Fund Transfer Modes**	Not available	Not Available	Not available	Not available
Credit Cards	Available #	Available	Available #	Available
Prepaid Forex Cards & INR Cards	Available @	Available	Available @	Available

“Please plan your banking activities accordingly, as some services will be temporarily unavailable during this 13 and a half hour period,” said the bank.

HDFC Credit Card Charges To Be Revised From August

HDFC Bank has meanwhile made an important announcement relating to its Credit Card. The bank has said that effective from 1st August 2024, it will be making following revision to the Credit card charges.

The new payment charges pertain to Rental Transactions, Fuel Transactions, Utility Transactions, Educational Transactions, International / Cross Currency Transactions, Rewards Redemption towards Statement Credit, Finance Charges and Easy-EMI Processing Fee.

Science & Environment

HDFC Bank Credit Card Rules Changing From 1 August…

29 June 2024
by admin

New Delhi: HDFC Bank has made an important announcement relating to its Credit Card. The bank has said that effective from 1st August 2024, it will be making following revision to the Credit card charges.

Check Complete Revisions of HDFC Bank Credit Card Terms Effective From 1st August, 2024

Rental Transactions

If you use services like (but not limited to) CRED, PayTM, Cheq, MobiKwik, Freecharge, and others to pay rent, a 1% fee will be charged on the transaction amount and capped at ₹3000 per transaction.

Category	Merchant Category Codes (MCC)
Rent	6513

Fuel Transactions

Consumer Cards:If you spend less than ₹ 15000 per transaction on fuel, no additional fee will be charged. However, if you spend more than ₹15,000 per transaction on fuel, a 1% fee will be charged on the entire amount and capped at ₹3000 per transaction.

Business Cards:If you spend less than ₹ 30000 per transaction on fuel, no additional fee will be charged. However, if you spend more than ₹30,000 per transaction on fuel, a 1% fee will be charged on the entire amount and capped at ₹3000 per transaction.

Category	Merchant Category Codes (MCC)
Fuel	1361,5172,5541,5542,5983,9752

Utility Transactions:

Consumer Cards: If you spend less than ₹ 50,000 per transaction on Utilities, no additional fee will be charged. However, if you spend more than ₹50,000 per transaction on utilities, a 1% fee will be charged on the entire amount and capped at ₹3000 per transaction. Business Cards: If you spend less than ₹ 75,000 per transaction on Utilities, no additional fee will be charged. However, if you spend more than ₹75,000 per transaction on utilities, a 1% fee will be charged on the entire amount and capped at ₹3000 per transaction.

Category	Merchant Category Codes (MCC)
Utility	4900

Insurance transactions will not be considered as Utility transactions and hence no charge will be applicable.

Educational Transactions

If you make education payments through college/school websites or their POS machines, there will be no fees. International education payments are excluded from this charge. However, on education payments through third-party apps like (but not limited to) CRED, PayTM, Cheq, MobiKwik and others, a 1% fee will be charged and capped at ₹3000 per transaction.

Category	Merchant Category Codes (MCC)
Education	8211,8220,8241,8244,8249,8299

International / Cross Currency Transactions

If you make an International / Cross currency transaction, a 3.5% markup fee will be applicable.

*Mark up fee will remain 2% for Infinia, Infinia (Metal Edition), Diners Black, Diners Black (Metal Edition), Biz Black Metal Card, Regalia Gold, BizPower, Tata Neu Infinity HDFC Bank and 2.5% mark up fee for 6E Rewards Indigo XL.

Rewards Redemption towards Statement Credit

If you redeem your rewards towards statement credit (CashBack), a ₹50 redemption fee will be charged.

Rewards Redemption charge will not be applicable for Infinia, Infinia (Metal Edition), Diners Black, Diners Black (Metal Edition), BizBlack Metal,Swiggy HDFC Bank,Flipkart Wholesale.

Finance Charges

If you avail the revolving credit facility & hence choose to pay an amount less than the total amount due reflected in the monthly billing statement, finance charges of 3.75% (per month) will be applicable from the transaction date till the outstanding balance is paid in full . Applicable to all retail & cash transactions.

* Finance charge will remain 1.99% (per month) for Infinia, Infinia (Metal Edition), Diners Black, Diners Black (Metal Edition) ,BizBlack Metal.

Late Payment

Late payment fee structure has been revised as follows:

Outstanding Amount Slab	Revised Charges
< = ₹ 100	Nil
₹ 101 – 500	₹ 100
₹ 501 – 1000	₹ 500
₹ 1001 – 5000	₹ 600
₹ 5001 – 10000	₹ 750
₹ 10001 – 25000	₹ 900
₹ 25001 – 50000	₹ 1,100
> ₹ 50000	₹ 1,300

Easy-EMI Processing Fee

If you avail the Easy-EMI option at any online / offline store, EMI processing fee of up to ₹299 will be charged. All fees are subject to GST as per government regulations. The Merchant Category codes are defined by the network (Visa, Master Card, Rupay, Diners). HDFC Bank does not define the merchant category.

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