logo
HDFC Bank UPI and other services won't be available on this date: Check details here

HDFC Bank UPI and other services won't be available on this date: Check details here

Time of India05-06-2025
HDFC Bank
has scheduled essential system maintenance on June 8, 2025 to improve customer experience and upgrade banking infrastructure. During this period, several digital banking services, including UPI transactions, will be temporarily unavailable for customers, the bank informed its customers via mail.
'It is important to note that during this period, UPI services linked to HDFC bank will not be available. We recommend using the PayZapp wallet during this time,' the company said in a statement.
When will HDFC Bank services be unavailable on June 8, 2025?
The maintenance window will last for four hours from 2:30 AM to 6:30 AM IST on June 8, 2025. UPI services linked to HDFC Bank accounts will be unavailable during the maintenance window. This means customers won't be able to send or receive money via UPI during that time.
Play Video
Pause
Skip Backward
Skip Forward
Unmute
Current Time
0:00
/
Duration
0:00
Loaded
:
0%
0:00
Stream Type
LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
1x
Playback Rate
Chapters
Chapters
Descriptions
descriptions off
, selected
Captions
captions settings
, opens captions settings dialog
captions off
, selected
Audio Track
default
, selected
Picture-in-Picture
Fullscreen
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text
Color
White
Black
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Text Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Transparent
Caption Area Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Transparent
Semi-Transparent
Opaque
Font Size
50%
75%
100%
125%
150%
175%
200%
300%
400%
Text Edge Style
None
Raised
Depressed
Uniform
Drop shadow
Font Family
Proportional Sans-Serif
Monospace Sans-Serif
Proportional Serif
Monospace Serif
Casual
Script
Small Caps
Reset
restore all settings to the default values
Done
Close Modal Dialog
End of dialog window.
HDFC Bank Credit Card lounge access: Now you can access these airport lounges via Tata Neu Infinity credit card
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất
IC Markets
Đăng ký
Undo
Which services will be unavailable during scheduled downtime on June 8, 2025?
During the scheduled maintenance period, several key HDFC Bank services will be temporarily unavailable. These include access to net banking and the mobile banking app, along with viewing or managing account-related details and deposits. Additionally, fund transfer services such as UPI, IMPS, NEFT, and RTGS will be affected. Merchant payments linked to HDFC Bank accounts and the instant account opening process will also be unavailable during this time.
However, the bank has recommended using its PayZapp wallet for all your transactions during this time.
What is PayZapp?
HDFC Bank's PayZapp is an online payment app that doubles as a digital wallet and a virtual card. You can use PayZapp to pay for online and offline services like paying bills, sending money, shopping online, etc., without having to use your bank account or cards.
Live Events
What is the transaction limit on PayZapp?
The PayZapp transactions limits are Rs 10,000 per month for non-KYC Accounts and Rs 200,00 per month for KYC-compliant customers.
A bank's announcement of UPI maintenance can cause a number of issues for HDFC Bank customers, particularly given UPI (Unified Payments Interface) is now extensively linked into daily transactions in India. Common problems users experience during UPI outages are:
Failed transactions
Payments might be unsuccessful or appear as pending Errors like "Transaction failed due to technical error" or "Bank server not responding" may appear.
Delayed refunds
Refunds could take hours or days to process if money is deducted but the transaction fails, which could be stressful or inconvenient.
Inability to receive funds
UPI might not let users check their account balance.
Delayed or failing incoming payments will impact small businesses or freelancers.
Axis Bank
credit card downtime
Axis Bank has also announced a scheduled maintenance window that will temporarily affect credit card transactions on June 6, 2025. The bank informed its customers via text message stating, 'Due to maintenance downtime, you will be unable to transact with Axis Bank Credit Card/s on 06-06-25 from 02:00 AM to 02:45 AM IST. Regret any inconvenience.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ICICI Bank to charge payment aggregators for UPI transactions from August 1
ICICI Bank to charge payment aggregators for UPI transactions from August 1

Business Standard

time7 minutes ago

  • Business Standard

ICICI Bank to charge payment aggregators for UPI transactions from August 1

ICICI Bank, India's second-largest private sector lender, will begin levying charges on payment aggregators (PAs) for Unified Payments Interface (UPI) transactions routed through their platforms, effective August 1. The move marks a shift in UPI monetisation efforts by banks amid growing transaction volumes and mounting infrastructure costs. The bank has communicated this to payment aggregators via formal letters, sources confirmed. Fee structure linked to escrow relationship According to a source familiar with the development, ICICI Bank will charge 2 basis points (bps) per transaction—capped at Rs 6—to PAs maintaining escrow accounts with the bank. For those without such an arrangement, the charge will be higher at 4 bps per transaction, capped at Rs 10. However, UPI transactions settled directly into an ICICI Bank account held by a merchant will not attract any fees. This exemption allows the bank to benefit from holding the transaction float. Peer banks already charging; margins in spotlight The move is being seen as part of a broader effort by banks to recover investments in UPI infrastructure. 'Banks may have taken a cue from the RBI governor's recent remarks on UPI monetisation,' said an executive at a leading payments firm. With merchant discount rates (MDR) at zero for UPI transactions, banks currently earn little despite bearing the cost of operating the UPI switch and managing backend infrastructure. PAs may pass on costs to merchants Industry experts suggest that payment aggregators—who typically charge merchants a platform or convenience fee—might either absorb the added cost or pass it on to merchants, depending on existing commercial arrangements. 'PAs will either pass on the costs to their merchants to maintain margins or absorb them based on the kind of arrangement they have with merchants,' said a payments executive. He also pointed out that UPI credit card transactions are already being monetised in some form. How UPI settlement works When a UPI transaction is made on a merchant's platform, the PA facilitates the flow between the customer's bank (debit) and the merchant's bank (credit). Typically, funds first land in an escrow account maintained by the PA with its bank of choice, before being settled to the merchant's bank account. Banks are now seeking to monetise this intermediary role played by PAs, especially as peer-to-merchant (P2M) transactions soar, creating high-volume, low-margin stress on digital infrastructure. ICICI Bank's move marks a step toward reshaping the economics of India's fast-growing UPI ecosystem, with implications for payment aggregators, merchants, and the broader digital payments value chain.

ChatGPT maker OpenAI expands the project that Elon Musk said Sam Altman has no money for to Europe
ChatGPT maker OpenAI expands the project that Elon Musk said Sam Altman has no money for to Europe

Time of India

time16 minutes ago

  • Time of India

ChatGPT maker OpenAI expands the project that Elon Musk said Sam Altman has no money for to Europe

Representative Image ChatGPT maker OpenAI is expanding its "Stargate" data centre project to Europe. The Microsoft-backed AI startup has announced that it will inaugurate a $1 billion facility in Norway next year. This move follows scepticism from Tesla and SpaceX CEO Elon Musk , who had previously claimed OpenAI "don't actually have the money" for its ambitious AI infrastructure plans. This remark from Musk came in January when OpenAI announced the $500 billion initiative for developing cutting-edge AI infrastructure for the first time. At that time, the world's richest man also added that "SoftBank has well under $10B (billion) secured. I have that on good authority." Replying to Musk, OpenAI CEO Sam Altman said: "I genuinely respect your accomplishments and think you are the most inspiring entrepreneur of our time." Despite Musk's doubts, OpenAI announced a Stargate facility in the UAE in May and has now confirmed its first such facility in Europe. OpenAI's first Stargate AI facility in Europe: What we know so far In a blog post, OpenAI has confirmed that it is partnering with developer Nscale Global Holdings and investment group Aker ASA for the Norwegian centre in Narvik. The facility will be named Stargate Norway and is planned to deliver 230MW of capacity, with plans to expand by an additional 290MW. The facility aims to employ 100,000 NVIDIA GPUs by the end of 2026, with plans to expand significantly in the years ahead. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Find Your Lowest Auto Insurance Rate [Check Now] AutoSaveMax Get Quote Undo 'This is one of the most ambitious AI infrastructure investments in Europe to date. Narvik's abundant hydropower, low-cost energy, cool climate, and mature industrial base make it an ideal location to deliver large-scale, sustainable AI capacity. The facility will run entirely on renewable power and is expected to incorporate closed-loop, direct-to-chip liquid cooling to ensure maximum cooling efficiency. Additionally, excess heat from the GPU systems will be made available to support low-carbon enterprises in the region,' the company said in its blog post. In a video presentation (seen by Bloomberg), OpenAI CEO Sam Altman said: 'Infrastructure like this is really important and unlocks a ton of potential for developers, researchers, scientists, and startups all across Norway and Europe.' Meanwhile, in the same video, Nvidia CEO Jensen Huang also confirmed that the facility will run on Nvidia's advanced GB300 Superchip processors, which will be connected via OpenAI's high-speed NVLink network technology. OpenAI also said that it has recently signed an MoU with the UK Government to advance AI adoption, partnered with Estonia to introduce ChatGPT in secondary schools, and submitted proposals to join EU AI Gigafactories consortiums.

Moderna layoffs: U.S. Pharma giant announces massive job cuts, to have less than 5,000 employees, MRNA stocks sink
Moderna layoffs: U.S. Pharma giant announces massive job cuts, to have less than 5,000 employees, MRNA stocks sink

Time of India

time22 minutes ago

  • Time of India

Moderna layoffs: U.S. Pharma giant announces massive job cuts, to have less than 5,000 employees, MRNA stocks sink

Moderna said on Thursday it would trim roughly 10 per cent of its global workforce and have fewer than 5,000 employees by the end of the year, as the biotech accelerates its cost-cutting efforts amid declining sales of COVID-19 vaccines. The move, announced in an internal memo by CEO Stephane Bancel, is part of the company's previous plan to cut operating expenses by about $1.5 billion by 2027. "We've made significant progress by scaling down R&D as respiratory trials conclude, renegotiating supplier agreements, and reducing manufacturing costs," Bancel said in the memo. Explore courses from Top Institutes in Please select course: Select a Course Category MCA healthcare Leadership Technology Healthcare Project Management Data Science PGDM Public Policy Product Management CXO Artificial Intelligence Degree Digital Marketing Design Thinking Finance MBA Operations Management Data Analytics others Others Data Science Management Cybersecurity Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details Moderna had said earlier this year it expects operating costs to be between $4.7 billion and $5 billion for 2027. The Cambridge, Massachusetts-based biotech has been banking on revenue from newer mRNA shots, including its experimental COVID-flu combination vaccine, to make up for falling sales of its COVID-19 shot and less-than-expected uptake of its respiratory syncytial virus vaccine. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Calcutta: 1 Trick to Reduce Belly Fat? Home Fitness Hack Shop Now Undo Moderna MRNA Stocks But investor concerns about the prospects of new shots and the changes in vaccine policy under U.S. Health Secretary and vaccine skeptic Robert F. Kennedy Jr. have led to a more than 20 per cent decline in Moderna's shares this year. Live Events The stock, which has lost more than 90 per cent of its value since the pandemic-era highs, was trading about 4 per cent down on Thursday. Moderna had said in May it did not expect regulatory approval for its combination shot until 2026, since the U.S. Food and Drug Administration asked for late-stage data showing the vaccine's efficacy against the flu. The company had previously hoped to launch the vaccine for the autumn respiratory disease season in 2025 or 2026. Bancel in the memo reiterated the company's target to have eight more approvals for its products in the next three years. FAQs Q1. Is Moderna laying off workforce? A1. Moderna said on Thursday it would trim roughly 10 per cent of its global workforce. Q2. What are Moderna's operating costs? A2. Moderna had said earlier this year it expects operating costs to be between $4.7 billion and $5 billion for 2027.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store