FEES & CHARGES


Enclosed below are HDFC Bank Merchant Advantage Current Account fees and charges

Fees & Charges for Merchant Advantage Current Account effective 1st October 2023.

Description of ChargesMerchant Advantage Current Account
Minimum Balance (Average Monthly Balance)₹ 25,000/-
Non-Maintenance Charges per month₹ 600 per month
Mode of calculation of minimum average monthly balanceAverage of daily closing balances of each day spread over a period of one month.
Cheque Book Charges (Issued by Bank)

( Customer can request for maximum 100 cheque leaves through NetBanking. For requests above 100 cheque leaves customer needs to visit the branch.)

Payable-at-par
50 cheque leaves Free per month. Charges ₹ 3/- per leaf beyond 50 leaves
Other Current Account facilities
Monthly Account Statement+Free
Issue of Duplicate / Adhoc StatementBranch - ₹ 100/- 
PhoneBanking ( Non IVR) - ₹ 75/- 
NetBanking , Mobile Banking, PhoneBanking - IVR & ATM - ₹ 50/- 
Remittance facility through own Bank
Demand Drafts (DD) payable HDFC Bank Locations (Issued from any branch) / Duplicate DDDD amount: Upto ₹ 50,000 charges- ₹ 40 per DD Above ₹ 50,000 to ₹ 100,000- ₹ 25 per DD Above ₹ 100,000 - Free
Pay Orders (PO) - on HDFC Bank Locations (Issued from Any Branch) / Duplicate POPO amount: Upto ₹ 50,000 charges- ₹ 40 per PO Above ₹ 50,000 to ₹ 100,000- ₹ 25 per PO Above ₹ 100,000 - Free
Issuance of DD/ PO through PhoneBankingAll standard charges for DD / PO are applicable as above.
Only DD / PO amount upto ₹ 500,000/- are accepted at Phonebanking.
DD/PO-Cancellation/Revalidation₹ 50/- per instrument
NEFT/EFT Transactions :
Payments(At branch)Upto ₹ 10,000/ ₹ 2.50/- per transaction 
₹ 10,001 to ₹ 1 lakh - ₹ 5/- per transaction
₹ 1 lakh to ₹ 2 lakhs - ₹ 15/- per transaction
Above ₹ 2 lakh - ₹ 25/- per transaction
(The above transaction charges are excl of taxes)
CollectionsFree
RTGS Transactions :
Payments(At branch)₹ 2 lakhs to ₹ 5 lakhs - ₹ 25/- per transaction
₹ 5 Lakhs and above - ₹ 50/- per transaction
(The above transaction charges are excl of taxes)
CollectionsFree
NEFT/RTGS payments are free through netbanking
Local Transactions (At home branch location)
Local cheques collections & paymentsFree
Account to Account Fund Transfer within HDFC BankFree
Anywhere Transactions
Account to Account Fund Transfer within HDFC BankFree
Payments at HDFC Bank LocationsFree.
Collections at HDFC Bank LocationsFree
Bulk Transaction ChargesAll above transaction are subject to a maximum of 50 transaction per month beyond which charges @ ₹ 30/- per transaction would be levied. Includes all Local/Anywhere clearing & Funds transfer transactions
Remittance facility through other Bank
Issue of Demand Drafts (DD) / Duplicate DD (Correspondent tieup)₹ 1.50 per ₹ 1000/- Minimum ₹ 50/- per DD
DD-Cancellation / Revalidation₹ 100/- per instrument
Cheque Collection
Outstation Cheque Collection at Bank Locations
Instrument ValueCharges
Upto ₹ 50,000/-₹ 50/- per instrument
Above ₹ 50,000/- & upto ₹ 1 lakh₹ 100/- per instrument
Above ₹ 1 lakh₹ 150/- per instrument
Outstation Cheque Collection at Correspondent Bank Location
Instrument ValueCharges
Upto ₹ 25,000/-₹ 50/- per instrument
Above ₹ 25,000/- and upto ₹ 1,00,000/-₹ 100/- per instrument
Above ₹ 1,00,000/-₹ 150/- per instrument
Outstation Cheque Collection at Clean Location
Instrument ValueCharges
Upto ₹ 25,000/-₹ 50/- per instrument
Above ₹ 25,000/- and upto ₹  1,00,000/-₹ 100/- per instrument
Above ₹ 1,00,000/-₹ 150/- per instrument
Cheque Collection through Speed Clearing
Instrument ValueCharges
Upto ₹ 1,00,000/-Free
Above ₹ 1,00,000/-₹ 140/- per instrument
Bouncing of cheques- Local
Cheques Drawn on us
Due to Insufficient Funds

Upto 2 instruments per month ₹ 500/- per instrument; on 3rd onwards ₹ 750/- per instrument
Due to funds transfer cheque return - ₹ 350/- per instrument

Due to Technical Reasons

₹ 50/- per instrument (e.g. - Date not mentioned, post-dated, sign mismatch, etc.)

Cheques Deposited Returned Unpaid

Local & Outstation - ₹ 200/- instrument

Doorstep Banking **
Cash Pickup Charges (within municipal city limits)
Upto Rs 1 lacRs 200/- per pickup
Beyond Rs 1 lac and upto Rs 2 lacRs 225/- per pickup
Beyond Rs 2 lac and upto Rs 4 lacRs 350/- per pickup
Cash beyond the above limits can be offered, for further details on charges please contact your Branch Manager
Cash Transactions
Cash Deposit

Combined Cash Deposit Limit @ any HDFC Bank Branches (monthly)

Free 4 times Current month POS transaction value per month or 25 transactions whichever is breached first; Charges @ ₹ 3.5/- per ₹ 1,000/-, minimum ₹ 50/- per transaction beyond free limits

Cash deposit in low denomination notes i.e. Rs 50 and below @ any HDFC Bank Branch (monthly)1. Cash deposit in notes = Free up to ₹ 10,000/- per month, beyond free limit chargeable at 2% of cash deposit in low denomination notes
2. Cash deposit in coins = Free up to ₹ 1,000/- per month, beyond free limit chargeable at 5% of cash deposit in coins
Limit on Inter-Branch deposits (Within Home Branch CityCash deposit at non home Branches within home branch city subject to maximum of ₹ 50,000/- per account per day
Free Cash deposit Limit will lapse for the account if AQB/AMB/HAB maintained is less than 75% of required product AQB/AMB/HAB i.e. Customer will be charged from 1st transaction of cash deposit.
Cash Withdrawal
Cash Withdrawal-Home BranchFree at Home Branch
Cash Withdrawal-Non Home Branch-Intracity & IntracityFree cash withdrawal upto ₹ 50,000/- per day beyond which charges @ ₹ 2/1000, min ₹ 50/- per transaction. Third party cash withdrawal allowed only up to maximum ₹ 50,000 per transaction.
Miscellaneous
Balance enquiryFree
TDS CertificateFree
Balance Confirmation₹ 100/-
Interest Certificate₹ 100/-
Cheque Status per instanceFree
Photo Verification₹ 100/- per instance
Address ConfirmationFree
Signature Verification₹ 100/- per instance
ECS (Debit) Return Charges
(Quarterly Charges)
Upto 3 returns - ₹ 350/ instance
4th return onward ₹ 750 /instance
Setting up of Standing InstructionsNil
Any Deliverable returned by courier due to negative reasons (no such consignee/ consignee shifted and no such address)₹ 50/- per instance

Re-generation of Phone Banking TIN (request received at branch for physical dispatch)

Free

Re-generation of IPIN (request received at branch for physical dispatch)

₹ 40/- per request

SI rejectsUpto 3 returns - 250/instance
4th return onward 750/instance
Old Records / Copy of Paid Cheque
₹ 80 per record
Common Charges for Debit / ATM Cards
Replacement of damaged cardFree
Replacement of Lost card₹ 200/-
Copy Retrieval Request₹ 100
Re-Issuance of PIN₹ 50 (plus taxes)
ATM Usage
ATM Txns (@ HDFC Bank ATM)Unlimited Free
ATM Txns (@ Non- HDFC Bank ATM)No Free Limits, Charges @ ₹ 21/- per transaction
Stop Payment Charges
Particular cheque

₹ 100/- (Free through Net Banking and Phone Banking)

Range of cheques

₹ 200/- (Free through Net Banking and Phone Banking)

Account Closure:
Up to 14 daysNo Charge
15 days to 6 months₹ 500/-
6 months upto 12 months₹ 250/-
Beyond 12 monthsNo Charge
Activation of Dormant / inoperative accountNo Charge
InstaAlert / Mobile Banking
Insta AlertNil
Transactions through PhoneBanking:
Interactive Voice Response (IVR)Free
Non-IVR-Agent assisted-For accounts maintaining AQBFree
Charges on all IMPS Outgoing transactions:
₹ 0 - ₹ 1000₹ 3.50/- per txn
₹ 1001 - ₹ 100000₹ 5/- per txn
Above ₹ 100000₹ 15/- per txn

All charges are exclusive of GST as applicable from time to time

+For accounts maintaining AMB less than ₹ 25,000/- as of previous qtr will be charged ₹ 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.


Click here to view Fees & Charges for Merchant Advantage Current Account before 1st January' 2016 Click here to view change in Fees & Charges for Merchant Advantage Current Account before 1st March’ 2015 Click here to view Fees & Charges for Merchant Advantage Current Account before 1st December, 2014 Click here to view Fees & Charges for Merchant Advantage Current Account before 1st November, 2013 Click here to view charges applicable before 1st September,2010 Download Fees & Charges effective 1st November'22 Download fees & charges effective 1st October'23