Priyanka Tiwari
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HDFC Bank has issued an important notice for its customers, informing them about a temporary disruption in its Unified Payments Interface (UPI) services due to scheduled system maintenance.
"We appreciate your patience and cooperation as we work to improve our services," the bank stated in its announcement.
Scheduled Downtime for UPI Services
The bank has planned essential system maintenance on February 8, 2025, from 12:00 AM to 3:00 AM. During this three-hour period, some banking services will be unavailable.
Services That Will Be Affected
According to HDFC Bank, the following services will be impacted during the maintenance window:
- UPI transactions on HDFC Bank current and savings accounts
- UPI payments via RuPay credit cards
- HDFC Mobile Banking App UPI transactions
- UPI payments through TPAPs (Third-Party Application Providers) supported by HDFC Bank
- Merchant UPI transactions via HDFC Bank
Customers who frequently use UPI for transactions are advised to complete any important payments in advance to avoid inconvenience.
HDFC Bank Q3 Financial Results
In other news, HDFC Bank has reported a 2.3% year-on-year increase in its consolidated net profit, reaching ₹17,657 crore for the October-December quarter. However, slower loan growth has slightly constrained its overall performance.
On a standalone basis, the bank posted a net profit of ₹16,735.50 crore, up from ₹16,372.54 crore in the same period last year. However, this marks a slight decline compared to the previous quarter’s ₹16,820.97 crore.
Other key financial highlights include:
- Total income (standalone) rose to ₹87,460 crore in Q3 FY 2024-25, compared to ₹81,720 crore in the year-ago period.
- Net interest income (NII) increased by 7.7% to ₹30,650 crore, with the net interest margin (NIM) remaining stable at 3.43%.
- Non-interest income grew by 2.8%, reaching ₹11,450 crore, driven by a rise in core fees and commissions.
Despite the marginal dip in quarterly profits, HDFC Bank remains a dominant player in India’s banking sector, continuing its strong financial performance.
Read More: RBI Reassures Financial Stability of IndusInd Bank Amid Speculation
