Do you need to transfer money to a friend’s account? You can easily accomplish this by utilising HDFC Bank’s NetBanking or Mobile Banking app. The only thing you need to do is add your friend as a beneficiary to your account. You can transfer funds both within HDFC Bank and to other banks’ accounts. If you want to transfer funds from your HDFC bank account to a friend or relative via net banking, you must add that person to your account as a beneficiary. Once you’ve added a beneficiary, you’ll be able to easily transfer funds to someone who has an account at the same or a different bank. Let’s learn how to add a beneficiary in an HDFC bank account.
If you need to transfer money to another account, you must add the account as a beneficiary. Keep the beneficiary’s account information on hand. These include the bank account number, IFSC code, branch information, beneficiary’s name as it appears on the bank account, and phone number.
To make any transfer, including IMPS and NEFT, HDFC Bank requires you to add a beneficiary’s account. Making an IMPS transfer using MMID is the only other way to transfer funds to an account without adding it as a beneficiary. This MMID, or Mobile Money Identification Number, is a seven-digit number that is unique. The first four digits are the unique identification number of the bank that provides IMPS. You can make an IMPS transfer using the beneficiary’s MMID and contact information.
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