Other Accounts & Deposits
Bin based/Slab based pricing on HDFC Bank EDC/POS machines.
Merchant Advantage Current Account
- Personal
- Products
- Accounts & Deposits
- Current Accounts
- Merchant Advantage Current Account
Features and Benefits
- Free flexible monthly cash deposit limit* at your home branch
- Pay vendors and suppliers using multiple remittanceRemittance is any form of money transfer or payment done from one's working country to home country. Depending on the difference in currency rates and the amount to be transferred, the charges on remittance are also different. options
- Enjoy Doorstep Banking
- Flexible cash deposit limits per month*
* Free limit for cash deposit at Home location is 4 times the POSPoint of Sale swipe volumes for transacting month.
Eligibility
Eligible for
- Resident Individual
- Hindu Undivided Family
- Sole Proprietorship
- Partnership
- Limited company
- Trust
- Association/Club/ Society
- Limited Liability Partnership
- Merchant establishment with HDFC bank EDC machineThis is an Electronic Data Capture machine. It is a computerized system designed to collect data from your Debit or Credit Card once it has been swiped. This is how money is either debited from your account when you Debit Card is swiped or added to your Credit Card statement when your Credit Card is swiped..
Contact Us
Ahmedabad
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What are the features and benefits of a Merchant Advantage Current account?
Features
- Enjoy a free monthly Cash Deposit limit* at your home branch location that is four times the amount swiped at the HDFC Bank EDC MachineThis is an Electronic Data Capture machine. It is a computerized system designed to collect data from your Debit or Credit Card once it has been swiped. This is how money is either debited from your account when you Debit Card is swiped or added to your Credit Card statement when your Credit Card is swiped. linked to your Merchant Advantage Current Account
- Pay your vendors and suppliers across the country using multiple remittanceRemittance is any form of money transfer or payment done from one's working country to home country. Depending on the difference in currency rates and the amount to be transferred, the charges on remittance are also different. options like local, at-par cheques, Demand Drafts, Pay Orders, RTGSIt stands for Real Time Gross Settlement. It means that funds transfers happen immediately, in real time. Instructions are processed at the time they are received rather than later. 'Gross Settlement' means the settlement of funds transfers occur on an instruction by instruction basis. This is considering that the funds settlement take place in the books of the Reserve Bank of India, the payments are final and irrevocable. (Real Time Gross Settlement) for greater convenience and reduced cost.
- Enjoy 24-hour access to your account through NetBanking, PhoneBanking, ATMs and MobileBanking
- Enjoy special privileges with Doorstep Banking services like cash and cheque pick-ups and cash deliveries at nominal rates
- Get a free Regular Debit Card, which comes with a host of privileges and benefits
- Make your utility bill payments with BillPay. This is absolutely free.
- Get free monthly account statements
- Use InstaAlerts and get free balance and transaction alerts on your mobile phone and email.
* on maintaining an average monthly balance of Rs. 25,000
What are the fees and charges applicable?
Fees & Charges for Merchant Advantage Current Account effective 1st January, 2012
| Description of Charges | Merchant Advantage Current Account | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Current Accounts with Cheque facility | |||||||||
| Minimum Balance (Average Monthly Balance) | Rs. 25,000/- | ||||||||
| Non-Maintenance Charges per month | Rs 300 per month | ||||||||
| Cheque Book Charges (Issued by Bank) |
|
||||||||
| Other Current Account facilities | |||||||||
| Monthly Account Statement+ | Free | ||||||||
| Issue of Duplicate / Adhoc Statement | Branch - Rs 100/- PhoneBanking ( Non IVRInteractive voice response (IVR) is a technology that allows a computer to interact with humans through the use of voice and keypad inputs.) - Rs.75/- NetBanking , Mobile Banking, PhoneBanking - IVRInteractive voice response (IVR) is a technology that allows a computer to interact with humans through the use of voice and keypad inputs. & ATM - Rs 50/- |
||||||||
| Mode of calculation of minimum average monthly balance | Average of daily closing balances of each day spread over a period of one month. | ||||||||
| Remittance facility through own Bank | |||||||||
| Demand Drafts (DD) payable HDFC Bank Locations (Issued from any branch) / Duplicate DD | DD amount: Upto Rs.50,000 charges- Rs.40 per DD Above Rs 50,000 to Rs.100,000- Rs.25 per DD Above Rs.100,000 - Free | ||||||||
| Pay Orders (PO) - on HDFC Bank Locations (Issued from Any Branch) / Duplicate PO | PO amount: Upto Rs.50,000 charges- Rs.40 per DD Above Rs 50,000 to Rs.100,000- Rs.25 per DD Above Rs.100,000 - Free | ||||||||
| Issuance of DD/ PO through PhoneBanking | All standard charges for DD / PO are applicable as above. Only DD / PO amount upto Rs 500,000/- are accepted at Phonebanking. |
||||||||
| DD/PO-Cancellation/Revalidation | Rs.50/- per instrument | ||||||||
| NEFT/EFT Transactions : | |||||||||
| Payments | Free | ||||||||
| Collections | Free | ||||||||
| RTGS Transactions : | |||||||||
| Payments | Free | ||||||||
| Collections | Free | ||||||||
| Local Transactions (At home branch location) | |||||||||
| Local cheques collections & payments | Free | ||||||||
| Account to Account Fund Transfer within HDFC Bank | Free | ||||||||
| Anynhwere Transactions (except Dahej) | |||||||||
| Account to Account Fund Transfer within HDFC Bank | Free | ||||||||
| Payments at HDFC Bank Locations | Free. | ||||||||
| Collections at HDFC Bank Locations | Free up to Rs.10 lacs per month, beyond which charges @ Rs. 1.50/1000, min Rs. 25/- per transaction. | ||||||||
| Bulk Transaction Charges | All transactions are subject to a maximum of 50 transactions per month, beyond which charges @ Rs.8/- per transaction would be levied. Includes all Local / Anyhwere clearing and transfer transactions | ||||||||
| Remittance facility through other Bank | |||||||||
| Issue of Demand Drafts (DD) / Duplicate DD (Correspondent tieup) | Rs 1.50 per Rs.1000/- Minimum Rs.50/- per DD | ||||||||
| DD-Cancellation / Revalidation | Rs.50/- per instrument | ||||||||
| Cheque Collection | |||||||||
| Outstation Cheque Collection at Bank Locations |
|
||||||||
| Outstation Cheque Collection at Correspondent Bank Location |
|
||||||||
| Outstation Cheque Collection at Clean Location |
|
||||||||
| Cheque Collection through Speed Clearing |
|
||||||||
| Bouncing of cheques- Local | |||||||||
| Cheques Drawn on us | |||||||||
| Due to Insufficient Funds | Upto 2 instruments per month- Rs.300 per instrument. On 3rd / 4th & 5th instrument - Rs.500 per instrument 6th Instrument onwards- Rs.750 per instrument |
||||||||
| Due to Technical Reasons | No Charge | ||||||||
| Cheques Deposited Returned Unpaid | Charge of Rs 100/- per instance would be levied | ||||||||
| Doorstep Banking ** | |||||||||
| Cash Pickup Charges (within municipal city limits) | |||||||||
| Cash Pickup upto Rs 1 Lac | Rs 150/- per pickup | ||||||||
| Cash Pickup beyond Rs 1 Lac and upto Rs 2 Lac | Rs 200/- per pickup | ||||||||
| Cash Pickup beyond Rs 2 Lac and upto Rs 3 Lac | Rs 300/- per pickup | ||||||||
| Cash beyond the above limits can be offered, for further details on charges please contact your Branch Manager | |||||||||
| Cheque Pickup Charges | |||||||||
| On a monthly basis | Rs 300/- per month | ||||||||
| On a per call basis | Rs 25/- per call | ||||||||
| Cash Transactions | |||||||||
| Cash Deposit | |||||||||
| Cash Deposit-Home Branch Location | Free upto 4 times current month POSPoint of Sale value (Amount swiped at HDFC Bank EDC machineThis is an Electronic Data Capture machine. It is a computerized system designed to collect data from your Debit or Credit Card once it has been swiped. This is how money is either debited from your account when you Debit Card is swiped or added to your Credit Card statement when your Credit Card is swiped.) per month or 50 transactions whichever is lower,deposit ion excess of 4 times POSPoint of Sale value or 50 transactions will be charged @ Rs 3/- per Rs 1,000, minimum Rs 50/- per transaction. | ||||||||
| Limit on Inter-Branch deposits (Within Home Branch City | Cash deposit at non home Branches within home branch city subject to maximum of Rs.50,000/- per account per day | ||||||||
| Cash Deposit -Non Home location | Maximum Rs.50,000/- per day. Charges @ Rs. 3.50/1000, min Rs. 50 | ||||||||
| Cash Withdrawal | |||||||||
| Cash Withdrawal-Home Branch | Free at Home Branch | ||||||||
| Cash Withdrawal-Non Home Branch-Intracity & Intracity | Free cash withdrawals upto Rs.50,000/- per day, beyond which charges @ Rs.2/1000, min Rs.50/- (Only for incremental amount), Third party cash withdrawal allowed only up to maximum Rs. 50,000/- per transaction. | ||||||||
| Miscellaneous | |||||||||
| Balance enquiry | Rs.25/- | ||||||||
| TDS Certificate | Free | ||||||||
| Balance Confirmation | Rs.50/- | ||||||||
| Interest Certificate | Rs. 50/- | ||||||||
| Cheque Status per instance | Rs. 25/- | ||||||||
| Photo attestation | Rs 100/- per instance | ||||||||
| Address Confirmation | Rs 100/- per instance | ||||||||
| Signature attestation | Rs 100/- per instance | ||||||||
| Setting up of Standing Instructions | Rs. 150/- | ||||||||
| Non Operational Account - Account with no customer initiated transaction in the account for past 1 year | Rs 50/- per quarter | ||||||||
| Any Deliverable returned by courier due to negative reasons (no such consignee/ consignee shifted and no such address) | Rs 50/- per instance | ||||||||
| TIN/IPIN Regeneration (requests received at the branch for physical dispatch) | Rs 50/- per instance | ||||||||
| SI rejects | Rs 200/- per instance | ||||||||
| Old Records / Copy of Paid Cheque | |||||||||
| Upto 1 Year | Rs.50 per record | ||||||||
| Above 1 Year | Rs.100 per record | ||||||||
| Common Charges for Debit / ATM Cards | |||||||||
| Replacement of damaged card | Free | ||||||||
| Replacement of Lost card | Rs.100 | ||||||||
| Copy Retrieval Request | Rs.100 | ||||||||
| Re-Issuance of PIN | Rs.50 (plus taxes) | ||||||||
| Transaction Charge--HDFC Bank ATM's | Balance Inquiry - Free | ||||||||
| Cash Withdrawal - Free | |||||||||
| Transaction Charge--Non HDFC Bank ATM's *** | |||||||||
| Domestic | Balance Inquiry - Free | ||||||||
| Cash Withdrawal - Rs.20 per transaction | |||||||||
| International | Balance Inquiry - Rs.15 per transaction | ||||||||
| Cash Withdrawal - Rs.110 per transaction | |||||||||
| Transaction Decline Charge (at Non HDFC Bank ATM's) | Rs. 25 per transaction | ||||||||
| Stop Payment Charges | |||||||||
| Particular cheque | Rs.50/- (FREE through Phone Banking) | ||||||||
| Range of cheques | Rs.100/- (FREE through Phone Banking) | ||||||||
| Account Closure: | |||||||||
| Up to 14 days | No Charge | ||||||||
| 15 days to 6 months | Rs 500/- | ||||||||
| 6 months upto 12 months | Rs 250/- | ||||||||
| Beyond 12 months | No Charge | ||||||||
| Activation of Dormant / inoperative account | No Charge | ||||||||
| InstaAlert / Mobile Banking | |||||||||
| Insta Alert | Free | ||||||||
| Transactions through PhoneBanking: | |||||||||
| Interactive Voice Response (IVR) | Free | ||||||||
| Non-IVR-Agent assisted-For accounts maintaining AQBAverage Quarterly Balance (AQB) is the average balance to be maintained in the account over a period of a quarter. | Free | ||||||||
| ECS (Debit) Return Charges | - Rs 350/- would be levied on first instance of ECSStands for Electronic Clearing Service. It is a mode by which funds are automatically debited to your account every month to pay or a certain bill or fee. It helps so you don’t have to remember every month to pay your regular bills. It is only done after a standing instruction is given by the account holder. return in a quarter. - Rs 750/- would be levied, second instance onwards in the same quarter. |
||||||||
| Debit Cards (only for Individuals & Sole Proprietorship) | |||||||||
| Debit Card | Easy Shop | ATM Card | |||
|---|---|---|---|---|---|
| Business# | Regular | Gold | Women | ||
| Annual Fee per Card | Rs.250/- p.a. | Free | Rs.500 p.a | Rs.100 p.a. | Free |
| Daily ATM Limit | Rs.50,000 | Rs.25,000 | Rs.50,000 | Rs.25,000 | Rs. 10,000 |
| Daily Merchant Establishment Point of Sale Limit | Rs.75,000 | Rs.40,000 | Rs.75,000 | Rs.40,000 | NA |
| # Also available for partnership firms & limited company current accounts which have operating instructions as "Singly" | |||||
Click here to view charges applicable before 1st January,2012
Click here to view charges applicable before 1st September,2010
W.e.f April 1, 2012, all fees and charges mentioned in the Tariffs, Charges or Fees Brochures will attract Service Tax @ 12% and Education Cess @ 3% of the service tax amount. The same will appear as separate debits in the statements.
+For accounts maintaining AMB less than Rs.25,000/- as of previous qtr will be charged Rs.25 each for next 3 montly statement
**Available at Select locations.You need to register with the Bank for availing these services, please contact your Branch Manager for further details.
***Charges applicable w.e.f 15th Oct '09. Inclusive of service tax and educational cess.
Have questions?
Can I access my account by telephone to conduct routine daily transactions?
Yes you can. You can use PhoneBanking to perform the following operations:
- Access your account details
- Request account statements
- Make Fixed Deposit related queries
- Inquire about interest and FX rates
- Request a cash delivery or pick-up
- Order a new cheque book
What is the minimum Average Monthly Balance required if I have a Merchant Advantage Current Account?
You have to maintain a minimum Average Monthly Balance (AMB) of Rs. 25,000.
Must I open an Merchant Advantage Current Account in each location where I have my company office?
No. A Merchant Advantage Current Account gives you the advantage of a single account with multi-location banking.
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What can you do online
- Download/Request for an account statement through NetBanking
- Transfer funds online up to Rs. 10 lakhs per day
- Pay your taxes online without visiting a branch
Did you know?
- You can make free cheque payments (local or anywhere)
- You can issue free Demand Drafts/Pay Orders for any amount above Rs. 1 Lakh
Expand All
Get started with your Merchant Advantage Current Account
Have you got your Welcome Kit? Inside your welcome kit you should find a:
- Welcome Letter – This is to welcome you as an Merchant Advantage Current Account customer so you can enjoy all the privileges and services we offer.
- Schedule of fees and charges – This is to show you the various charges applicable to transactions and facilities on your Merchant Advantage Current Account..
- Terms and Conditions booklet – This is to make you aware of all the terms and conditions relevant to your Merchant Advantage Current Account..
- Cheque book – You get a free 25 leaf cheque book in your welcome kit. You can apply for additional cheques books. Please check the fees and charges. • Cheque book – You get a free 25 leaf cheque book in your welcome kit. You can apply for additional cheques books. Please check the fees and charges.
Did you know?
- You can make free cheque payments (local or anywhere) to your suppliers.
- You can issue free Demand Drafts/Pay Orders for any amount above Rs. 1 Lakh.
You can also benefit from
A Business Debit Card with special offers and a host of privileges for your business transactions by upgrading from your Merchant Current Account. Click here to go to Merchant Advantage Plus Curent account. Various benefits on HDFC Bank EDC machines in terms of the slab based/bin based rates. Netbanking / Mobile Banking and by tracking your funds online at anytime and from anywhere. Our Forex services including FOREX Travellers’ Cheques, FOREX Cash and a FOREX Plus Card when you travel. Click here for details.
Fees and Charges
Fees & Charges for Merchant Advantage Current Account effective 1st January, 2012
| Description of Charges | Merchant Advantage Current Account | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Current Accounts with Cheque facility | |||||||||
| Minimum Balance (Average Monthly Balance) | Rs. 25,000/- | ||||||||
| Non-Maintenance Charges per month | Rs 300 per month | ||||||||
| Cheque Book Charges (Issued by Bank) |
|
||||||||
| Other Current Account facilities | |||||||||
| Monthly Account Statement+ | Free | ||||||||
| Issue of Duplicate / Adhoc Statement | Branch - Rs 100/- PhoneBanking ( Non IVRInteractive voice response (IVR) is a technology that allows a computer to interact with humans through the use of voice and keypad inputs.) - Rs.75/- NetBanking , Mobile Banking, PhoneBanking - IVRInteractive voice response (IVR) is a technology that allows a computer to interact with humans through the use of voice and keypad inputs. & ATM - Rs 50/- |
||||||||
| Mode of calculation of minimum average monthly balance | Average of daily closing balances of each day spread over a period of one month. | ||||||||
| Remittance facility through own Bank | |||||||||
| Demand Drafts (DD) payable HDFC Bank Locations (Issued from any branch) / Duplicate DD | DD amount: Upto Rs.50,000 charges- Rs.40 per DD Above Rs 50,000 to Rs.100,000- Rs.25 per DD Above Rs.100,000 - Free | ||||||||
| Pay Orders (PO) - on HDFC Bank Locations (Issued from Any Branch) / Duplicate PO | PO amount: Upto Rs.50,000 charges- Rs.40 per DD Above Rs 50,000 to Rs.100,000- Rs.25 per DD Above Rs.100,000 - Free | ||||||||
| Issuance of DD/ PO through PhoneBanking | All standard charges for DD / PO are applicable as above. Only DD / PO amount upto Rs 500,000/- are accepted at Phonebanking. |
||||||||
| DD/PO-Cancellation/Revalidation | Rs.50/- per instrument | ||||||||
| NEFT/EFT Transactions : | |||||||||
| Payments | Free | ||||||||
| Collections | Free | ||||||||
| RTGS Transactions : | |||||||||
| Payments | Free | ||||||||
| Collections | Free | ||||||||
| Local Transactions (At home branch location) | |||||||||
| Local cheques collections & payments | Free | ||||||||
| Account to Account Fund Transfer within HDFC Bank | Free | ||||||||
| Anynhwere Transactions (except Dahej) | |||||||||
| Account to Account Fund Transfer within HDFC Bank | Free | ||||||||
| Payments at HDFC Bank Locations | Free. | ||||||||
| Collections at HDFC Bank Locations | Free up to Rs.10 lacs per month, beyond which charges @ Rs. 1.50/1000, min Rs. 25/- per transaction. | ||||||||
| Bulk Transaction Charges | All transactions are subject to a maximum of 50 transactions per month, beyond which charges @ Rs.8/- per transaction would be levied. Includes all Local / Anyhwere clearing and transfer transactions | ||||||||
| Remittance facility through other Bank | |||||||||
| Issue of Demand Drafts (DD) / Duplicate DD (Correspondent tieup) | Rs 1.50 per Rs.1000/- Minimum Rs.50/- per DD | ||||||||
| DD-Cancellation / Revalidation | Rs.50/- per instrument | ||||||||
| Cheque Collection | |||||||||
| Outstation Cheque Collection at Bank Locations |
|
||||||||
| Outstation Cheque Collection at Correspondent Bank Location |
|
||||||||
| Outstation Cheque Collection at Clean Location |
|
||||||||
| Cheque Collection through Speed Clearing |
|
||||||||
| Bouncing of cheques- Local | |||||||||
| Cheques Drawn on us | |||||||||
| Due to Insufficient Funds | Upto 2 instruments per month- Rs.300 per instrument. On 3rd / 4th & 5th instrument - Rs.500 per instrument 6th Instrument onwards- Rs.750 per instrument |
||||||||
| Due to Technical Reasons | No Charge | ||||||||
| Cheques Deposited Returned Unpaid | Charge of Rs 100/- per instance would be levied | ||||||||
| Doorstep Banking ** | |||||||||
| Cash Pickup Charges (within municipal city limits) | |||||||||
| Cash Pickup upto Rs 1 Lac | Rs 150/- per pickup | ||||||||
| Cash Pickup beyond Rs 1 Lac and upto Rs 2 Lac | Rs 200/- per pickup | ||||||||
| Cash Pickup beyond Rs 2 Lac and upto Rs 3 Lac | Rs 300/- per pickup | ||||||||
| Cash beyond the above limits can be offered, for further details on charges please contact your Branch Manager | |||||||||
| Cheque Pickup Charges | |||||||||
| On a monthly basis | Rs 300/- per month | ||||||||
| On a per call basis | Rs 25/- per call | ||||||||
| Cash Transactions | |||||||||
| Cash Deposit | |||||||||
| Cash Deposit-Home Branch Location | Free upto 4 times current month POSPoint of Sale value (Amount swiped at HDFC Bank EDC machineThis is an Electronic Data Capture machine. It is a computerized system designed to collect data from your Debit or Credit Card once it has been swiped. This is how money is either debited from your account when you Debit Card is swiped or added to your Credit Card statement when your Credit Card is swiped.) per month or 50 transactions whichever is lower,deposit ion excess of 4 times POSPoint of Sale value or 50 transactions will be charged @ Rs 3/- per Rs 1,000, minimum Rs 50/- per transaction. | ||||||||
| Limit on Inter-Branch deposits (Within Home Branch City | Cash deposit at non home Branches within home branch city subject to maximum of Rs.50,000/- per account per day | ||||||||
| Cash Deposit -Non Home location | Maximum Rs.50,000/- per day. Charges @ Rs. 3.50/1000, min Rs. 50 | ||||||||
| Cash Withdrawal | |||||||||
| Cash Withdrawal-Home Branch | Free at Home Branch | ||||||||
| Cash Withdrawal-Non Home Branch-Intracity & Intracity | Free cash withdrawals upto Rs.50,000/- per day, beyond which charges @ Rs.2/1000, min Rs.50/- (Only for incremental amount), Third party cash withdrawal allowed only up to maximum Rs. 50,000/- per transaction. | ||||||||
| Miscellaneous | |||||||||
| Balance enquiry | Rs.25/- | ||||||||
| TDS Certificate | Free | ||||||||
| Balance Confirmation | Rs.50/- | ||||||||
| Interest Certificate | Rs. 50/- | ||||||||
| Cheque Status per instance | Rs. 25/- | ||||||||
| Photo attestation | Rs 100/- per instance | ||||||||
| Address Confirmation | Rs 100/- per instance | ||||||||
| Signature attestation | Rs 100/- per instance | ||||||||
| Setting up of Standing Instructions | Rs. 150/- | ||||||||
| Non Operational Account - Account with no customer initiated transaction in the account for past 1 year | Rs 50/- per quarter | ||||||||
| Any Deliverable returned by courier due to negative reasons (no such consignee/ consignee shifted and no such address) | Rs 50/- per instance | ||||||||
| TIN/IPIN Regeneration (requests received at the branch for physical dispatch) | Rs 50/- per instance | ||||||||
| SI rejects | Rs 200/- per instance | ||||||||
| Old Records / Copy of Paid Cheque | |||||||||
| Upto 1 Year | Rs.50 per record | ||||||||
| Above 1 Year | Rs.100 per record | ||||||||
| Common Charges for Debit / ATM Cards | |||||||||
| Replacement of damaged card | Free | ||||||||
| Replacement of Lost card | Rs.100 | ||||||||
| Copy Retrieval Request | Rs.100 | ||||||||
| Re-Issuance of PIN | Rs.50 (plus taxes) | ||||||||
| Transaction Charge--HDFC Bank ATM's | Balance Inquiry - Free | ||||||||
| Cash Withdrawal - Free | |||||||||
| Transaction Charge--Non HDFC Bank ATM's *** | |||||||||
| Domestic | Balance Inquiry - Free | ||||||||
| Cash Withdrawal - Rs.20 per transaction | |||||||||
| International | Balance Inquiry - Rs.15 per transaction | ||||||||
| Cash Withdrawal - Rs.110 per transaction | |||||||||
| Transaction Decline Charge (at Non HDFC Bank ATM's) | Rs. 25 per transaction | ||||||||
| Stop Payment Charges | |||||||||
| Particular cheque | Rs.50/- (FREE through Phone Banking) | ||||||||
| Range of cheques | Rs.100/- (FREE through Phone Banking) | ||||||||
| Account Closure: | |||||||||
| Up to 14 days | No Charge | ||||||||
| 15 days to 6 months | Rs 500/- | ||||||||
| 6 months upto 12 months | Rs 250/- | ||||||||
| Beyond 12 months | No Charge | ||||||||
| Activation of Dormant / inoperative account | No Charge | ||||||||
| InstaAlert / Mobile Banking | |||||||||
| Insta Alert | Free | ||||||||
| Transactions through PhoneBanking: | |||||||||
| Interactive Voice Response (IVR) | Free | ||||||||
| Non-IVR-Agent assisted-For accounts maintaining AQBAverage Quarterly Balance (AQB) is the average balance to be maintained in the account over a period of a quarter. | Free | ||||||||
| Non-IVR- Agent assisted - For accounts NOT maintaining AQBAverage Quarterly Balance (AQB) is the average balance to be maintained in the account over a period of a quarter. as of previous quarter and for transactions that are available on IVRInteractive voice response (IVR) is a technology that allows a computer to interact with humans through the use of voice and keypad inputs. | Rs.50/- per call | ||||||||
| ECS (Debit) Return Charges | - Rs 350/- would be levied on first instance of ECSStands for Electronic Clearing Service. It is a mode by which funds are automatically debited to your account every month to pay or a certain bill or fee. It helps so you don’t have to remember every month to pay your regular bills. It is only done after a standing instruction is given by the account holder. return in a quarter. - Rs 750/- would be levied, second instance onwards in the same quarter. |
||||||||
| Debit Cards (only for Individuals & Sole Proprietorship) | |||||||||
| Debit Card | Easy Shop | ATM Card | |||
|---|---|---|---|---|---|
| Business# | Regular | Gold | Women | ||
| Annual Fee per Card | Rs.250/- p.a. | Free | Rs.500 p.a | Rs.100 p.a. | Free |
| Daily ATM Limit | Rs.50,000 | Rs.25,000 | Rs.50,000 | Rs.25,000 | Rs. 10,000 |
| Daily Merchant Establishment Point of Sale Limit | Rs.75,000 | Rs.40,000 | Rs.75,000 | Rs.40,000 | NA |
| # Also available for partnership firms & limited company current accounts which have operating instructions as "Singly" | |||||
Click here to view charges applicable before 1st January,2012
Click here to view charges applicable before 1st September,2010
W.e.f April 1, 2012, all fees and charges mentioned in the Tariffs, Charges or Fees Brochures will attract Service Tax @ 12% and Education Cess @ 3% of the service tax amount. The same will appear as separate debits in the statements.
+For accounts maintaining AMB less than Rs.25,000/- as of previous qtr will be charged Rs.25 each for next 3 montly statement
**Available at Select locations.You need to register with the Bank for availing these services, please contact your Branch Manager for further details.
***Charges applicable w.e.f 15th Oct '09. Inclusive of service tax and educational cess.
Expand All
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