MyBusiness Digital Banking

Managing a business can be complex and time-consuming. That’s why HDFC Bank offers MyBusiness Digital Banking, a one-stop solution for all your banking and business needs. Enjoy tailor-made services such as enhanced fund transfer limits, working capital & trade service management, integration with accounting ERP platforms to manage payment & collection seamlessly and other business-friendly features. Simplify financial management and elevate your business with HDFC Bank MyBusiness Digital Banking. 

HDFC Bank MyBusiness Digital Banking

FAQ's

• Can this limit of Rs. 10 Lakh be increased / reduced / customised at Account level for Sole Proprietors or Individual C.A. holders ? 

Yes. Using the form based process, the limits can be customised exactly as per customer’s requirements. 

  

• Is the default funds transfer limit facility also available to Sole Proprietors or Individual C.A. customers who have already registered on MyBusiness Digital Banking​​​​​​​ ? 

Yes. Customers who have already registered for MyBusiness Digital Banking will also be extended the default funds transfer limit. They will also be displayed the online consent option, accepting which the default limits will become available to the customer. 

  

• If the customer has already given the form based request for one of the accounts, will the default limit still be available to him? How will the default limit behave?​​​​​​​ 

Yes, the default limit will still be available to rest of his Sole Prop. & Individual C.A.s. The accounts for which customer has already given a form based request or gives in future, the form based limits will supersede the default limits. 

  

• Are default limit extended / going to be extended to Savings Accounts and other Current Account types as well. 

No, default funds transfer limits are only for Sole Prop. & Individual C.A.s 

  

• If the customer has multiple types of Customer IDs (Sole Prop. auth signatory, Individual S.A., Partnership auth signatory) linked in a MyBusiness Digital Banking​​​​​​​ User ID, will Rs. 10 Lakh limit be extended to all the accounts ? 

No, default funds transfer limits are only for Sole Prop. & Individual C.A.s

  

• If the customer links a Sole Prop. or Individual C.A. Customer ID after registration, will the limits still be extended to the Sole Prop. & Individual C.A. ? 

Yes. They will also be displayed the online consent option after the Customer ID linking is done, accepting which the default limits will become available to the Sole Prop. & Individual C.A.

  

• If my customer has multiple Sole Prop. & Individual Current Accounts linked on MyBusiness Digital Banking​​​​​​​​​​​​​​ User ID, what will the default limit be ? 

Default limit will be Rs. 10 Lakh, irrespective of the number of Sole Prop. & Individual current accounts in the User ID. 
​​​​​​​
  

• What if the customer does not want any default limits on his Individual & Sole Prop. current accounts? 

Please collect form based request from customer for the accounts where the limit has to be removed, and process it via FTS under MyBusiness Digital Banking​​​​​​​​​​​​​​ tag. The physical form is to be sent to WBO Branch after request is processed. 

• What are the charges associated with the eCMS facility?

You can streamline your fund transfers with HDFC Bank’s eCMS facility at a very nominal cost. Presently, the transaction fee is ₹ 1.20 per inward transaction. This applies to all NEFT, RTGS, IMPS and within-HDFC Bank transfers.

• What is the process of levying the charges associated with the eCMS facility?

The fees charged on your inward transactions are billed to your account every month. You will also receive a monthly GST invoice for the transaction fees levied against your transactions.
​​​​​​​