FEATURES
Easy transfers
Transfer cash to anyone only with their mobile numbers
Easily add or delete beneficiaries via NetBanking
Convenient withdrawals
24X7 service to send / transfer and withdraw cash at all HDFC Bank ATMs
Beneficiary need not hold a bank account and can withdraw cash instantly without ATM / Debit Card
Secure transactions
Safe and secure mode of cash withdrawal / transfer using NetBanking
Authentication checks through OTPs
30 minute cooling period after beneficiary addition
Transaction is valid for 24 hours after request is made
Transaction limits: A single beneficiary can receive a maximum of ₹10,000 per day or ₹25,000 per month, whichever is lower
Fees and Charges
Waiver of Rs 25/txn fee for cardless cash withdrawal till September 30, 2020. Charges of Rs. 25 per transaction will be applicable from 1st October 2020.
Cardless Cash Withdrawal Process
Step 1: Adding a Beneficiary
For 1st time users, a beneficiary needs to be registered. Registration of a beneficiary needs to be done through NetBanking and is required only once per beneficiary.
- Login to NetBanking
- Select Funds Transfer tab >>> Request >>> Add a Beneficiary >>> Cardless Cash Withdrawal
- Enter the beneficiary details, click on Add and Confirm
- Confirm the mobile number and enter the OTP received for validation
(Please note that after completing the addition of the beneficiary it will take 30 minutes for the beneficiary details to reflect in your account.)
Step 2: Sending money to an added Beneficiary
- Login to NetBanking
- Select Fund Transfer >>> Cardless Cash Withdrawal
- Select the Debit Bank Account
- Select beneficiary from list of registered beneficiaries (Mobile number gets auto populated)
- Check the beneficiary details, enter the amount, click on continue and confirm
- Confirm the mobile number and enter the OTP to validate the transaction
- The beneficiary will receive an SMS containing the OTP, nine-digit order ID and the amount
Step 3: Withdraw cash at HDFC Bank ATMs by the Beneficiary
- The beneficiary visits HDFC Bank ATM and selects Cardless Cash (option will be displayed in IDLE loop screen)
- Select the language
- Customer will be asked to enter the following details in a sequential manner
Once the above details are validated the cash will be disbursed by ATM.
Important Instructions
Cardless cash withdrawal request can be initiated for a minimum of Rs.100 per transaction and up to a maximum of Rs.10,000 per day or Rs.25,000 per month for a beneficiary (The limits are subject to change as per regulatory guidelines).
A successful cardless cash withdrawal request will be valid for a period of 24 hours from the time of creation of request. After expiry of 24 hours, the request will be reversed to the initiators account which was debited.