Alert! HDFC Bank Customers May Not Avail This Service On April 1- Check Details (image source: Getty Images)
HDFC Bank: HDFC Bank has notified its customers about the potential unavailability of National Electronic Funds Transfer (NEFT) transactions on April 1, 2024, due to year-end financial procedures. Even if NEFT services are accessible for certain HDFC Bank clients, delays are anticipated. As a precautionary measure, individuals planning money transfers are advised to avoid NEFT transactions on Monday.
Alternative Transaction Methods Recommended by HDFC Bank
Customers of HDFC Bank are encouraged to utilize alternative transaction methods such as Immediate Payment Service (IMPS), Real Time Gross Settlement (RTGS), and Unified Payments Interface (UPI) for money transfers on April 1, 2024. In a communication to customers, HDFC Bank emphasized the potential delays in outward NEFT transactions and urged clients to opt for IMPS, RTGS, or UPI to minimize inconvenience.
Customer Support Assistance
For any assistance or queries related to money transfers on April 1, 2024, customers can reach out to HDFC Bank’s customer support team at 18001600 /1800 2600, as stated by the private sector bank.
Bank Operations on April 1, 2024
It’s important to note that banks in several states may remain closed on April 1, 2024, in observance of year-end accounting procedures mandated by the Reserve Bank of India (RBI). While banks will be shut in most states, exceptions include Mizoram, Chandigarh, Sikkim, West Bengal, Himachal Pradesh, and Meghalaya. Customers are advised to verify the list of bank holidays before visiting their bank branch on Monday.
Exchange and Deposit of Rs 2000 Notes Unavailable
Additionally, the Reserve Bank of India (RBI) has announced the suspension of exchange and deposit services for Rs 2,000 banknotes on April 1, 2024. The interruption is attributed to the Annual Closing of Accounts operations at the 19 Issue Offices of the Reserve Bank of India. The facility is expected to resume on Tuesday, April 2, 2024, as per RBI’s notification issued on March 28, 2024.
Banks Open on Sunday, March 31, 2024
In response to a request from the Government of India to account for all government transactions for the fiscal year 2023-24, all branches of banks handling government receipts and payments will remain open on Sunday, March 31, 2024. This initiative aims to facilitate the processing of government-related transactions before the financial year concludes.
