HDFC Bank imposes a 72-hour transaction limit of ₹50,000 for new beneficiaries on Apple devices to curb fraud.
Under this new security update, the bank has set a temporary limit for money transactions. The main objective is to protect customers' accounts from online fraud.
According to information released by the bank, if a customer registers or re-registers on the HDFC Bank app on an Apple device for the first time, a transaction limit will apply for the first 72 hours.
During this period, the customer will not be able to transfer an amount exceeding ₹50,000 to any newly added beneficiary. This limit will apply to all new beneficiaries.
Cybersecurity experts view this move as a positive initiative to prevent banking fraud. Logging in on a new device is considered a high-risk activity.
Cybersecurity expert Priyanka Sankhla stated, "This could be a case of fraud involving SIM theft, phone theft, or unauthorized access. In such cases, banks implement temporary transaction limits."
During this cooling-off period, the bank analyzes user behavior before fully trusting the device.
This limit is for a longer duration on Apple devices compared to Android devices. For Android users, the limit is only ₹5,000 for the first 24 hours.
According to experts, Android devices allow for deeper system-level verification. In contrast, due to stricter privacy and sandboxing policies in iOS, the bank receives fewer security signals. Therefore, the bank relies more on time-based trust.
As per the HDFC Bank website, under normal circumstances, you can make 10 UPI transactions per bank account in 24 hours, with a total limit of ₹1 lakh. This limit applies to person-to-person transfers.
Although this new rule might cause minor inconvenience to customers, it is a necessary measure to ensure their financial security. It will significantly reduce the risk of unauthorized transactions.
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