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

• Who can register for MyBusiness Digital Banking?

HDFC Bank customers who have a current account with HDFC Bank or are self-employed savings account holders can register for and avail of MyBusiness Digital Banking facility.

• What is needed to register for MyBusiness Digital Banking?

The registration process is simple, fully digital, and can be completed in less than 3 minutes. All you need is the authorised signatory customer ID, email ID, and Mobile No. updated on the Customer ID, authorised signatory’s PAN, and NetBanking or Debit Card credentials. View the video to get step-wise details of the process.

• What is the funds transfer limit available on MyBusiness Digital Banking?

Customers can avail limit of ₹50 lakh per account via MyBusiness Digital Banking. Sole Proprietor and individual current account customers are provided with a default limit of ₹10 lakh at the User ID level, which they can use without any documentation.

• Can the default limit of ₹10 Lakh be increased/reduced /customised at the 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. The form is available online, to be filled, downloaded, and submitted at your HDFC Bank branch with the required documentation. Please check the documentation section for more details.

• 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 the rest of his Sole Prop. & Individual C.A.s. The accounts for which customer has already given a form-based request or will give in the future, the form-based limits will supersede the default limits.

• Is a maker checker facility available on MyBusiness Digital Banking?

Yes, one level maker checker with a fully digital process is available on the platform. View the video to know more about it.

• ​​​​​​​Can file-based funds transfer be done through  MyBusiness Digital Banking?

Yes, if the maker checker facility has been availed, file-based funds transfer requests can be uploaded. Up to 25 records can be uploaded in each file.

• Which ERP platforms can be integrated with MyBusiness Digital Banking? What are the benefits? How can this be set up?

Tally, ZoHo, Marg, Busy, and Oracle NetSuite can be integrated currently. The facility allows customers to synch their ERP and Bank data seamlessly, both ways. There is support available for first-time setup and demo to customers. The Customer can visit the platform’s Finance Hub portal and from the Cashflow analytics section, set up an appointment as per their convenient time. A support team will call the customer and provide assistance over an online session.

• 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. 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.