The bank has informed that due to maintenance, credit card transactions, net banking services like IMPS, RTGS, NEFT, mobile banking, UPI transactions and demat transactions may remain temporarily closed during these two days. Let us know which services will remain closed..

These services will remain closed on 14 December

According to the HDFC Bank website, credit card transactions will be closed for 30 minutes from 1 pm to 1.30 pm on 14 December 2024. At the same time, the service of netbanking and mobile banking app will be closed for about 3 hours from 2.30 pm to 5.30 pm. Facilities like account related details, deposit, fund transfer (UPI, IMPS, NEFT and RTGS), merchant payments and instant account opening process will also remain closed. At the same time, demat transaction facility will not be available to customers for two hours from 5 am to 7 am.

These facilities will remain closed between 14 and 15 December

Between 14th and 15th December 2024, i.e. on 14th December, customers will not get the offer tab facility on net banking from 10 pm to 12 noon on 15th December, 2024 i.e. for 14 hours. There will be no mutual fund transaction on the new netbanking from 1 am to 5 am Indian time on 15th December, 2024 i.e. for 4 hours. HDFC Bank has advised its customers to plan their banking activities in advance. By doing so, they can avoid any inconvenience caused by possible system maintenance or other unforeseen circumstances.

These facilities will not be available in ICICI Bank on 14 and 15 December

ICICI Bank has also given an alert message to its customers and informed that the maintenance work of ICICI Bank will start from 11:55 pm on December 14 and will continue till 06:00 am on December 15, 2024. RTGS transactions initiated during this period will be postponed and will be processed after 06:00 am on December 15, 2024. Bank customers can use NEFT, IMPS or UPI on iMobile or Internet Banking as an option during this period.

FAQ : Frequently asked questions about HDFC banking service down

How long will HDFC banking service remain down?

HDFC Bank has informed that due to maintenance on 14th and 15th December, credit card transactions, net banking, IMPS, RTGS, NEFT, mobile banking, UPI transactions and demat transactions may remain temporarily closed.

Will all services be closed during HDFC banking service down?

No, only some digital services like credit card transactions, net banking, UPI and demat transactions may be affected due to maintenance. Other services will continue as normal.

Will HDFC banking service being down affect ATM services?

The bank has not specifically mentioned ATM services, so it is likely that ATM services will be available as usual.

Can I transfer money during HDFC banking service down?

Services like IMPS, RTGS and NEFT will not be available temporarily, so there may be problems in money transfer.

What to do in case HDFC banking service is down?

Complete your important transactions before the banking service goes down. If there is any problem with any service, contact HDFC customer care.

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From October 1, the Reserve Bank of India’s card-on-file tokenization (CoF Card Tokenization) rule is going to change. The Reserve Bank of India says that after the change in the tokenization system, the payment experience of cardholders will improve and debit card and credit card transactions will be more secure than before. According to RBI, if the customer transacts online, point of sale (POS) or app through debit or credit card, then all the details will be saved in the encrypted code.

Let us tell you that till now it happens that when we do a transaction with debit or credit card at any POS, online or on the app, then its details are saved in the company’s server. Only when you go to make payment online or on the app again, the company does not ask you for full details. There your account number, card number etc. are already present there. All you have to do is enter the CVV again and the payment is done. This will not happen from October 1 because there will be no data store in the company’s servers. They will get every information related to the card in an encrypted code which cannot be read.

What will happen after the new rules are implemented?

Under the new arrangement, the Reserve Bank has prohibited payment companies from storing the data of customers’ credit cards or debit cards. Payment companies will now have to provide an alternate code in lieu of the card, which is named Token. These tokens will be unique and the same token will work for multiple cards. Once this is implemented, for online payment, instead of using the card directly, a unique token will have to be used.

Such people will not be able to take advantage of Atal Pension Yojana

Atal Pension Yojana is one of the popular pension schemes of the government. Those investing in this scheme get a monthly pension of up to Rs 5000. Now there is going to be a big change in this plan from October 1. Now under new rulesIncome TaxTaxpayers cannot take advantage of this scheme.

This new rule will be effective from October 1, 2022. In such a situation, taxpayers still have a chance to take advantage of Atal Pension Yojana. You can invest in it even if you are a taxpayer till September 30. According to the existing rules, any Indian citizen between the age of 18 years to 40 years can join this pension scheme of the government, irrespective of whether he pays income tax or not.

Demat account will be more secure

If you are a demat account holder and through this you buy or sell shares in the stock market, then this news is very important for you. The National Stock Exchange (NSE) had issued a circular on 14 June. Accordingly, it is very important for demat account holders to enable two-factor authentication by September 30, 2022.

If you do not enable Two-Factor Authentication, you will not be able to login to your Demat account from 1st October 2022. NSE said in this circular that the account holder will have to use biometric authentication as an authentication factor to login to his demat account. Along with this, the other way can be the knowledge factor. This can be a password, PIN or any position factor, which is only known to the user.

The post Big Alert ! Banking and these rules related to you will change from October 1, deal with the necessary work or else there may be loss first appeared on Rightsofemployees.com.