HDFC Bank informed its customers that National Electronic Funds Transfer (NEFT) transactions will not be available on April 1 owing to procedures regarding financial year-ending.
Even if it is available for select HDFC Bank customers, there might be delays, the bank said advising those who are planning to transfer money to avoid NEFT. Additionally, in case you have to receive salary or other payments through NEFT transfer on April 1, it may also get delayed.
HDFC Bank customers can use these transaction methods to transfer money on April 1: Immediate Payment Service (IMPS), Real Time Gross Settlement (RTGS), and Unified Payments Interface (UPI).
In a mail to customers, HDFC Bank wrote, “Please note, outward NEFT transactions may get delayed/ may not be available on 1st April 2024 due to financial year-end procedures. We request you to please complete your transaction using IMPS, RTGS, or UPI during this period. We regret any inconvenience this may cause.”
It added, “If you require any assistance regarding transferring money tomorrow, you can contact the customer support team of the bank on 18001600 /1800 2600.”
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