Important Changes to HDFC Bank VID Fund Transfer Process
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Important Changes to HDFC Bank VID Fund Transfer Process

Fyers Web
Revision in Internal Policy
08 May '2024
05:00 PM

To further enhance security and streamline transactions, we are implementing two key changes to our fund transfer process done via VID:

  • From 9th May 2024 (post 12:00 PM) onwards, all transfers to FYERS HDFC Bank VID must arise from registered bank accounts. If funds are transferred from an unregistered bank account, they will not be credited to your trading account. Instead, these funds will be refunded by T+2 working days, automatically.

  • All fund transfers, including NEFT, RTGS, and IMPS, will now have a uniform processing time between 30-60 minutes. This change aims to streamline operations and improve efficiency across all transaction types.

These updates are part of our ongoing efforts to safeguard your investments and enhance your trading experience with FYERS.

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