Current Accounts
- Premium Current Account
- Regular Current Account
- Plus Current Account
- Trade Current Account
- RFC - Domestic Account
- Flexi Current Account
- Apex Current Account
- Max Current Account
- Merchant Advantage Current Account
- Merchant Advantage Plus Current Account
- Current Account for Professionals
- Current Account for Hospitals and Nursing Homes
- Agri Current Account
- EZEE Current Account
- Supreme Current Account
- ULTIMA Current Account
- Institutional Current Account
Other Accounts & Deposits
Bin based/Slab based pricing on HDFC Bank EDC/POS machines.
- Personal
- Products
- Accounts & Deposits
- Current Accounts
- Merchant Advantage Plus Current Account
Features and Benefits
- Free flexible monthly cash deposit limit* at your home branch
- Free Regular and Business Debit Cards
- Doorstep Banking
*Free limit for cash deposit at Home locationIncludes all Branches in the same city (Clearing End Points) is 4 times the POSPoint of Sale swipe volumes for transacting month.
Eligibility
You are eligible to operate a Merchant Advantage Plus Current account if you are a:
- Resident Individual
- Hindu Undivided Family
- Sole Proprietorship
- Partnership
Contact Us
Ahmedabad
Expand All
What are the features and benefits of a Merchant Advantage Plus Current account?
Features
- Enjoy a free monthly Cash Deposit limit* at your home branch that is four times the amount swiped at the HDFC Bank EDC MachineThis is an Electronic Draft 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 the Merchant Advantage Plus Current Account.
- Get free Regular and Business Debit Cards with your Merchant Advantage Plus 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 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 special offers and a host of privileges with your Business Debit Card.
- Make your utility bill payments with BillPay. This service is absolutely free.
- Get free monthly account statements.
- Use InstaAlerts and get free balances and transaction alerts on your mobile phone and via email.
- Average Minimum Balance requirement is Rs.1,00,000 per month. Non maintainance charges for the minimum balance is Rs. 1,000/- per month
- Bank conveniently with facilities like NetBanking, Phonebanking and MobileBanking – check your account balance, pay utility bills or stop cheque payments all via SMS.
* Conditions Apply
How am I eligible for a Merchant Advantage Plus Current account?
You are eligible to operate a Merchant Advantage Plus Current account if you are a:
- Resident Individual
- Hindu Undivided Family
- Sole Proprietorship
- Partnership
- Limited company
- Trust
- Association/Club/ Society
- Limited Liability Partnership
What are the fees and charges applicable?
Fees & Charges for Merchant Advantage Plus Current Account effective 1st January, 2012
| Description of Charges | Merchant Advantage Plus Current Account | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Current Accounts with Cheque facility | |||||||||
| Minimum Balance (Average Monthly Balance) | Rs. 100,000/- | ||||||||
| Non-Maintenance Charges per month | Rs 1,000 per month | ||||||||
| Cheque Book Charges (Issued by Bank) |
|
||||||||
| Other Current Account facilities | |||||||||
| 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 | Free upto 50 DDs per month. Above 50 DDs, charges @ Rs 25/- per Demand draft. | ||||||||
| Pay Orders (PO) - on HDFC Bank Locations (Issued from Any Branch) / Duplicate PO | Free upto 50 (PO) per month. Above 50 (PO) charges @ Rs 25/- per Pay Order. | ||||||||
| 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 | ||||||||
| Anywhere 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.50 lacs per month, beyond which charges @ Rs. 0.50/1000, min Rs. 25/- per transaction. | ||||||||
| Bulk Transaction Charges | All transactions are subject to a maximum of 150 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 | |||||||||
| 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 Draft 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.1,00,000/- per account per day | ||||||||
| Cash Deposit -Non Home locationIncludes all Branches in the same city (Clearing End Points) | Maximum Rs.1,00,000/- per day. Charges @ Rs. 3.50/- per Rs 1,000, min Rs. 50/- per transaction | ||||||||
| Cash Withdrawal | |||||||||
| Cash Withdrawal-Home Branch | Free at Home Branch | ||||||||
| Cash Withdrawal-Non Home Branch-Intracity & Intracity | Free cash withdrawal upto Rs.50,000/- per day beyond which charges @ Rs.2/1000, min Rs.50/- per transaction. Third party cash withdrawal allowed only up to maximum Rs. 50,000 per transaction. | ||||||||
| Miscellaneous | |||||||||
| Balance enquiry | Rs.25/- | ||||||||
| TDS Certificate | Free | ||||||||
| Balance Confirmation Certificate | 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 | ||||||||
| 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 |
||||||||
| 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 - 5 transactions free per month.Beyond which charges @ 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 1,000/- | ||||||||
| 6 months upto 12 months | Rs 500/- | ||||||||
| Beyond 12 months | No Charge | ||||||||
| Activation of Dormant / inoperative account | No Charge | ||||||||
| InstaAlert / Mobile Banking | |||||||||
| Insta Alert | Nil | ||||||||
| Transactions through PhoneBanking: | |||||||||
| Interactive Voice Response (IVR) | Free | ||||||||
| Non-IVR-Agent assisted> | Free | ||||||||
| Debit Cards (only for Individuals & Sole Proprietorship) | |||||||||
| Debit Card | Easy Shop | ATM Card | |||
|---|---|---|---|---|---|
| Business# | Regular | Gold | Women | ||
| Annual Fee per Card | Free | 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 AQBAverage Quarterly Balance (AQB) is the average balance to be maintained in the account over a period of a quarter. less than Rs.1,00,000/- 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.
Apply Now
To apply for a Plus Current Account with HDFC Bank please choose from the following:
Request a Bank representative to contact you Click here to fill up your contact details.
Download an application form
Form for opening an account (individuals)
Form for opening an account (companies)
After downloading the file*, please follow these steps:
- Print and complete the application form.
- Submit the documents at any of our branches. Click here to find a branch near you.
For documents submitted at a branch, please give us a week to revert on your application.
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 I have to maintain with a Merchant Advantage Plus Current Account?
You have to maintain a minimum Average Monthly Balance (AMB) of Rs. 1,00,000 with your Merchant Advantage Plus Current account.
How is a Merchant Advantage Plus Current Account different from a Regular Current Account offered by most banks?
A Merchant Advantage Plus Current Account offers you the following privileges:
- Free limit for cash deposits up to four times the amount swiped at the HDFC Bank EDC machineThis is an Electronic Draft 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 Plus Current Account
- Free inter-city clearing between HDFC Bank branch locations (except Dahej) up to Rs.50 Lakhs per month
- Free and faster collection of outstation cheques at HDFC Bank locations
- Free 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. and NEFTThis stands for National Electronic Funds Transfer (NEFT). It is a system that facilitates an individual or company to electronically transfer funds from any bank branch to any individual or company having an account with any other bank branch in the country. transactions
- Free BillPay and InstaAlerts
- Free Regular and Business Debit Cards
These privileges make a Merchant Advantage Plus Current account different from a Regular Current account.
Can an individual open a Current Account?
Yes. Documentation will be that of an individual, i.e. identity proof and address proof.
Click here for documentation required for opening individual a Current Account.
What are the documents required for opening a Current Account of a partnership firm?
Following documents are required for opening a Current Account of a partnership firm:
- Latest Partnership Deed
- Documents establishing proof of existence
- Certificate of Registration under any Statute/Act or professional bodies
- Registration Certificate issued by Registrar of Firms
- Valid Business License or Certificate of Registration issued by State/Central Government authority (validity would include the grace period for renewal as mentioned in the certificate)
- PAN Card in the name of the firm;
- Self-signed cheque issued from the firm’s account from a PSU/private sector/foreign bank along with a bank statement not older than four months - Documents for establishing proof of address
- Landline telephone bill/electricity bill of public and approved private operators in the State. (Bills not to be older than 4 months from the date of account opening)
- Property Ownership Deed i.e. title deeds of the property in the name of the firm duly stamped and registered
- Latest property tax or water tax paid receipt/bill raised in the name of the firm
- TAN Allotment Letter in the name of the firm
- Existing bank account statement or passbook of a PSU/private sector/foreign bank
- Statement not older than 4 months from the date of account opening to be accepted - Documents for establishing photo identity of authorised partners/signatories
Expand All
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
Contact Us
Ahmedabad
Expand All
Get started with your Merchant Advantage Plus 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 HDFC Bank Merchant Advantage Plus 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 Plus Current Account.
- Terms and Conditions booklet – This is to make you aware of all the terms and conditions relevant to your Merchant Advantage Plus 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.
Did you know?
- You can make free cheque payments (local or anywhere) to any of your suppliers.
- You can issue free DDs/POs for any amount above Rs. 1 Lakh.
You can also benefit from
- Free Business Debit Card with a host of benefits and privileges.
- Higher transaction limits, more transaction benefits and greater mobilisation of your business funds by upgrading your Merchant Advantage Plus Current account.
- NetBanking / Mobile Banking by tracking your funds online at anytime and anywhere.
- Our Forex services including FOREX Travellers’ Cheques, FOREX Cash and a FOREX Plus Card when you travel. Click here for details.
What are the fees and charges applicable?
Fees & Charges for Merchant Advantage Plus Current Account effective 1st January, 2012
| Description of Charges | Merchant Advantage Plus Current Account | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Current Accounts with Cheque facility | |||||||||
| Minimum Balance (Average Monthly Balance) | Rs. 100,000/- | ||||||||
| Non-Maintenance Charges per month | Rs 1,000 per month | ||||||||
| Cheque Book Charges (Issued by Bank) |
|
||||||||
| Other Current Account facilities | |||||||||
| 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 | Free upto 50 DDs per month. Above 50 DDs, charges @ Rs 25/- per Demand draft. | ||||||||
| Pay Orders (PO) - on HDFC Bank Locations (Issued from Any Branch) / Duplicate PO | Free upto 50 (PO) per month. Above 50 (PO) charges @ Rs 25/- per Pay Order. | ||||||||
| 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 | ||||||||
| Anywhere 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.50 lacs per month, beyond which charges @ Rs. 0.50/1000, min Rs. 25/- per transaction. | ||||||||
| Bulk Transaction Charges | All transactions are subject to a maximum of 150 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 | |||||||||
| 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 Draft 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.1,00,000/- per account per day | ||||||||
| Cash Deposit -Non Home locationIncludes all Branches in the same city (Clearing End Points) | Maximum Rs.1,00,000/- per day. Charges @ Rs. 3.50/- per Rs 1,000, min Rs. 50/- per transaction | ||||||||
| Cash Withdrawal | |||||||||
| Cash Withdrawal-Home Branch | Free at Home Branch | ||||||||
| Cash Withdrawal-Non Home Branch-Intracity & Intracity | Free cash withdrawal upto Rs.50,000/- per day beyond which charges @ Rs.2/1000, min Rs.50/- per transaction. Third party cash withdrawal allowed only up to maximum Rs. 50,000 per transaction. | ||||||||
| Miscellaneous | |||||||||
| Balance enquiry | Rs.25/- | ||||||||
| TDS Certificate | Free | ||||||||
| Balance Confirmation Certificate | 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 | ||||||||
| 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 |
||||||||
| 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 - 5 transactions free per month.Beyond which charges @ 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 1,000/- | ||||||||
| 6 months upto 12 months | Rs 500/- | ||||||||
| Beyond 12 months | No Charge | ||||||||
| Activation of Dormant / inoperative account | No Charge | ||||||||
| InstaAlert / Mobile Banking | |||||||||
| Insta Alert | Nil | ||||||||
| Transactions through PhoneBanking: | |||||||||
| Interactive Voice Response (IVR) | Free | ||||||||
| Non-IVR-Agent assisted> | Free | ||||||||
| Debit Cards (only for Individuals & Sole Proprietorship) | |||||||||
| Debit Card | Easy Shop | ATM Card | |||
|---|---|---|---|---|---|
| Business# | Regular | Gold | Women | ||
| Annual Fee per Card | Free | 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 AQBAverage Quarterly Balance (AQB) is the average balance to be maintained in the account over a period of a quarter. less than Rs.1,00,000/- 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?
With Merchant Plus Current Account can I make payments to my suppliers at HDFC Bank Branches through Single Cheque Book?
Yes. When you open an account, you will be issued an at-par cheque book, which is payable at HDFC Bank branches.
How is a Merchant Advantage Plus Current Account different from a Regular Current Account offered by most banks?
A Merchant Advantage Plus Current Account offers you the following privileges:
- Free limit for cash deposits up to four times the amount swiped at the HDFC Bank EDC machineThis is an Electronic Draft 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 Plus Current Account
- Free inter-city clearing between HDFC Bank branch locations (except Dahej) up to Rs.50 Lakhs per month
- Free and faster collection of outstation cheques at HDFC Bank locations
- Free 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. and NEFTThis stands for National Electronic Funds Transfer (NEFT). It is a system that facilitates an individual or company to electronically transfer funds from any bank branch to any individual or company having an account with any other bank branch in the country. transactions
- Free BillPay and InstaAlerts
- Free Regular and Business Debit Cards
These privileges make a Merchant Advantage Plus Current account different from a Regular Current account.
Can I access my Merchant Advantage Plus Current Account from any HDFC Bank branch?
Yes. The advanced technology of our systems provides you with the flexibility of accessing your account from any HDFC Bank branch.
Can an individual open a Current Account?
Yes. Documentation will be that of an individual, i.e. identity proof and address proof.
Click here for documentation required for opening individual a Current Account.
What are the documents required for opening a Current Account of a partnership firm?
Following documents are required for opening a Current Account of a partnership firm:
- Latest Partnership Deed
- Documents establishing proof of existence
- Certificate of Registration under any Statute/Act or professional bodies
- Registration Certificate issued by Registrar of Firms
- Valid Business License or Certificate of Registration issued by State/Central Government authority (validity would include the grace period for renewal as mentioned in the certificate)
- PAN Card in the name of the firm;
- Self-signed cheque issued from the firm’s account from a PSU/private sector/foreign bank along with a bank statement not older than four months - Documents for establishing proof of address
- Landline telephone bill/electricity bill of public and approved private operators in the State. (Bills not to be older than 4 months from the date of account opening)
- Property Ownership Deed i.e. title deeds of the property in the name of the firm duly stamped and registered
- Latest property tax or water tax paid receipt/bill raised in the name of the firm
- TAN Allotment Letter in the name of the firm
- Existing bank account statement or passbook of a PSU/private sector/foreign bank
- Statement not older than 4 months from the date of account opening to be accepted - Documents for establishing photo identity of authorised partners/signatories
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