Again HDFC Bank started to charge online NEFT Transactions

HDFC Bank Ltd.

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Banks are again started to confuse their customers for changing charges for NEFT (inter bank fund transfer) transactions. First HDFC Bank started this trend. Then ICICI bank infected with this syndrome. Recently ICICI bank withdraws this fees.

Now HDFC Bank started to charge NEFT transactions done through Net banking .

Electronic Fund Transfer, Free Money Transfer, e-Monies Electronic Funds Transfer - HDFC bank4_1263991622843

Effective 16th January 2010 NEFT transactions on NetBanking would be charged as below:

  • Upto Rs. 1 lac. - Rs. 5 (inclusive of taxes) per transaction
  • Rs. 1 lac and above - Rs. 25 (inclusive of taxes) per transaction

    This moveIt is totally against customers. The banks should allow at least 5 free transactions per month.

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    Santhosh said...

    IDBI Bank is offering all services free of cost and with Zero balance. I (&wife) have closed my ICICI bank and HDFC Bank account account and moved to IDBI Bank. AFter all IDBI is a Govt. of India bank and not like unreliable and untrustable bank like the private ones lead by ICICI & HDFC.

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