Revision in Institutional Current Account Fees and Service Charges

Revision in Institutional Current Account Fees and Service Charges

Cash Deposit Charges

Cash Deposit Charges
Sl. No.Current Account VariantPresent ChargesRevised Charges effective 01st February 2023
1Institutional Current AccountCash Deposit Limit @ Home Bank Branch - Monthly limit - Free upto Rs. 50 lacs per month or 50 transactions
(whichever is breached first). Charges @ ₹ 4/- per Rs. 1,000/-, minimum of ₹ 50/- per transaction beyond free limits
Combined Cash Deposit Limit @ any HDFC Bank Branch Monthly Limit - Free upto ₹ 50 lacs per month or 50 transactions (whichever is breached first); Charges @ ₹ 3.5/- per ₹ 1,000/-, minimum ₹ 50/- per transaction beyond free limits
Cash Deposit Limit @ any Non-Home Bank Branch - Monthly limit - No free limit. Charges @ Rs. 3.5/- per Rs. 1,000/-, minimum of ₹ 50/- per transaction
2Institutional Activ Current AccountCombined Cash Deposit Limit @ any HDFC Bank Branch - Monthly limit - Free 10 times Current Month AMB (Upper Cap – ₹ 50 crores); Charges @ ₹ 3/- per ₹ 1,000/-, minimum of ₹ 50/- per transaction beyond free limitsCombined Cash Deposit Limit @ any HDFC Bank Branch - Monthly limit - Free 10 times Current Month AMB (Upper Cap – ₹ 50 crores); Charges @ ₹ 3.5/- per ₹ 1,000/-, minimum of ₹ 50/- per transaction beyond free limits
3Institutional Ascent Current AccountCombined Cash Deposit Limit @ any HDFC Bank Branch - Monthly limit - Free 10 times Current Month AMB (Upper Cap – ₹ 50 crores); Charges @ ₹ 3/- per ₹ 1,000/-, minimum of ₹ 50/- per transaction beyond free limitsCombined Cash Deposit Limit @ any HDFC Bank Branch - Monthly limit - Free 10 times Current Month AMB (Upper Cap – ₹ 50 crores); Charges @ ₹ 3.5/- per ₹ 1,000/-, minimum of ₹ 50/- per transaction beyond free limits
Cash Deposit Charges - For customers who are part of  Preferred / Imperia program
4Institutional Activ Current AccountCombined Cash Deposit Limit @ any HDFC Bank Branch - Monthly limit - Free 12 times Current Month AMB (Upper Cap – ₹ 50 crores); Charges @ ₹ 3/- per ₹ 1,000/-, minimum of ₹ 50/- per transactions beyond free limitsCombined Cash Deposit Limit @ any HDFC Bank Branch - Monthly limit - Free 12 times Current Month AMB (Upper Cap – ₹ 50 crores); Charges @ ₹ 3.5/- per ₹ 1,000/-, minimum of ₹ 50/- per transactions beyond free limits
5Institutional Ascent Current AccountCombined Cash Deposit Limit @ any HDFC Bank Branch - Monthly limit - Free 12 times Current Month AMB (Upper Cap – ₹ 50 crores); Charges @ ₹ 3/- per ₹ 1,000/-, minimum of ₹ 50/- per transactions beyond free limitsCombined Cash Deposit Limit @ any HDFC Bank Branch - Monthly limit - Free 12 times Current Month AMB (Upper Cap – ₹ 50 crores); Charges @ ₹ 3.5/- per ₹ 1,000/-, minimum of ₹ 50/- per transactions beyond free limits



NMC Criteria (Non Maintenance of Average Quarterly Balance Charges)

NMC Criteria (Non Maintenance of Average Quarterly Balance Charges)
Sl. No.Current Account VariantPresent ChargesRevised Charges effective 01st February 2023
1Institutional Ascent Current AccountZero NMC, if credit transaction value through Digital Products (ME/MPOS/MEAPP) is greater than ₹ 10 Lacs in any quarterZero NMC, if credit transaction value through Digital Products (ME/MPOS/MEAPP) is greater than or equal to ₹ 5 Lacs in any quarter
2Institutional Activ Current AccountZero NMC, if credit transaction value through Digital Products (ME/MPOS/MEAPP) is greater than ₹ 10 Lacs in any quarterZero NMC, if credit transaction value through Digital Products (ME/MPOS/MEAPP) is greater than or equal to ₹ 3 Lacs in any quarter

Account Closure

Account Closure
Sl. No.Current Account VariantPresent ChargesRevised Charges effective 01st February 2023
1All Institutional Current Account VariantsUp to 14 days - No Charge; 15 days up to 6 months - ₹ 500/-; More than 6 months & up to 12 months - ₹ 250/-; Above 1 year - No ChargeUp to 14 days - Nil
15 days up to 12 months - ₹ 500/-; Above 1 year - No Charge

Common Charges

Common Charges
Sl. No.Common Charges -
Applicable for all Institutional Current Account Variants
Present ChargesRevised Charges effective 01st February 2023
1Address Confirmation₹ 100/- per instanceFree
2Hold Statement Facility₹ 400/- per yearDiscontinued
3One-time Mandate Authorisation charges (Physical / Online)₹ 100/- per request₹ 40/- per request
4Re-generation of Phone Banking TIN (request received at branch for physical dispatch)₹ 50/- per requestFree
5Re-generation of IPIN (request received at branch for physical dispatch)₹ 100/- per instrument₹ 40/- per request
6Standing Instructions (Monthly Charges)Setting Up: NilSetting Up: Nil
Rejection: Up to 3 returns - ₹ 350/ instance; 4th return onward ₹ 750/ instanceRejection: Up to 3 returns - ₹ 250/ instance; 4th return onward ₹ 750/ instance
7Demand Draft / Pay Order - Cancellation/ Revalidation₹ 100/- per instrument₹ 50/- per instrument
8Cheque Deposited Returned UnpaidLocal - Rs. 100/- per instrument; Outstation - Rs. 150/- per instrumentLocal & Outstation - Rs. 200/- per instrument
Institutional Ascent - Free upto 3 returns per month
9Cheque Return Charges - Cheque Drawn on UsDue to Insufficient Funds - upto 2 Instruments per month ₹ 500/- per instrument; on 3rd onwards ₹ 750/- per instrumentDue to Insufficient Funds (Clearing Cheques) - 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 - No Charge Due to technical reasons* - ₹ 50/- per instrument
10Balance Confirmation Certificate and Interest Certificate₹ 50/-₹ 100/- 
11Old Records/Copy of Paid ChequesUpto 1 Year - ₹ 50/-per record, above one year - ₹ 100/-₹ 80/- per record
12Balance Inquiry₹ 25/- per instance₹ 30/- per instance
13Stop Cheque ChargesStop payment - Particular Cheque ₹ 100/- (Free through Net Banking and Phone Banking); Range of Cheques ₹ 250/- (Free through Net Banking and Phone BankingStop payment - Particular Cheque ₹ 100/- (Free through Net Banking and Phone Banking); Range of Cheques ₹ 200/-(Free through Net Banking and Phone Banking




Note: Kindly ignore, if any of the above charges as per product features are not applicable




 *Technical Reasons List         


Alteration Not Allowed


Alteration On Inst Other Than Date Field  


Alteration Require Drawer Authentication


Amount In Protecting Crossing Incorrect


Amount In Word _ Figures Required


Amount In Words Or Figures Not Eligible


Amount In Words Require


Amounts In Words And Figures Differ


Cheque Altered - Refer To Drawer


Drawer Signature Differs


Drawer Signature Incomplete-Illegible


Drawers Signature Differs From Specimen


Drawers Signature Not As Per Mandate


Drawers Signature Required


Draws Sign-Auth To Operate A/C Not Recd


Instrument Post Dated


Instrument Undated


Instrument Without Proper Date


Joint Signature Required


Not An Authorised Signatory


Payees Name Required