Stupid new HDFC Third Party Transfer rule - wait 24 hours before adding new beneficia

[techie_007]

Heres what i got:

Dear Mr. Gill ,
Thank you for writing to us.
We have received your e-mail dated 25/03/08 regarding Third Party Transfer facility.
Thank you for your feedback on process of Activation of a beneficiary after 24 hours through a TPT transaction. We understand your concern however this is done for security reasons. Effective March 24, 2008 a new beneficiary added in the TPT List will be activated only after 24 hours of him/her being added to the transaction list. We regret we will not be able to turn this feature off, the system does not allow any manual intervention and a beneficiary would only be added 24 hours.
Warm Regards,
Ajay Gupta
Customer Support
HDFC Bank Ltd

So basically it ll take 24 hours before adding a new acct to the third party transfer this sucks

I used to mock the ICICI system which sends you an sms and requires you to confirm the same through your mobile/email before adding, but at least that was done in 2-3 hours at the worst. In my opinion that is a much better solution than just torturing people by making them wait 24 hours.

To top it all: my addition is pending since 48 hours :no:

This sucks.

Everyone who hates this: raise a ticket using the contact us tab on the top of the online banking homepage (once ur logged in).

+ NO Notification of the same was given.

 

[spynic]

i guess its applicable for transaction within the bank too..
coz just today i added a beneficiary.. n it still shows pending approval

 

[techie_007]

exactly. they call that third party transfer too

both NEFT and HDFC to HDFC

 

[Amaresh]

I hate this. Took more like 48 hours instead of 24 hours that they say. Bah. I'm switching to ICICI soon anyway.

 

[paroxy]

this is so sad for TPT through NEFT now....i have to wait 24 hrs to add a beneficiary (hoping it happens after 24 hrs) and then another 24Hrs for the money to be transfered..this is sh!t....hate it

 

[booo]

axis bank never did that to me, usually I add the benificiary and then I pay them through power transfer. very straight forward.

 

[PhotostarSR]

Even i have HDFC account and i added 3 beneficiaries instantly(b4 24 march).Dont know why they are doing this now.

 

[varkey]

I applied for an HDFC account on the 14th of March and the account is still not active. I dont understand why it takes this long for opening an account.

ICICI is way better!!