HDFC Bank has stated that its UPI services would be down for three hours tomorrow for planned maintenance. This will impact transactions made through its mobile banking app as well as third-party systems like as GPay, Paytm, and WhatsApp Pay.
The maintenance is scheduled on August 10 from 2:30 to 5:30 a.m., a total of three hours. During this time, HDFC Bank's UPI services will be unavailable.
What will be affected?
The outage will impact both financial and non-financial transactions. This implies that clients with HDFC Bank Current and Savings Accounts (CASA) would be unable to conduct any transactions via:
The HDFC Bank mobile banking app includes GPay, WhatsApp Pay, Paytm, Shriram Finance, and Mobikwik.
HDFC Bank shares have been down 2.24% so far in 2024. This compared to a 10.26% growth in the BSE Sensex during the same time period.
The bank just released its June quarter earnings, which were broadly consistent with market forecasts. Analysts mainly retain 'Buy' ratings on the company, saying that the negative concerns have already been factored in.
MOFSL has set a target price of Rs 1,950 for the company, which Nuvama values at Rs 1,850.
