FEES & CHARGES
Enclosed below are HDFC Bank Merchant Advantage Plus Current Account fees and charges
Fees & Charges for Merchant Advantage Plus Current Account effective 1st October 2023.
| Description of Charges | Merchant Advantage Plus Current Account | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Minimum Balance (Average Monthly Balance) | Rs. 100,000/- | ||||||||
| Non-Maintenance Charges per month | Rs 1,000 per 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.) |
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| Other Current Account facilities | |||||||||
| Issue of Duplicate / Adhoc Statement | Branch - Rs 100/- PhoneBanking ( Non IVR) - Rs.75/- NetBanking , Mobile Banking, PhoneBanking - IVR & 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 | |||||||||
| Account to Account Fund Transfer within HDFC Bank | Free | ||||||||
| Payments at HDFC Bank Locations | Free | ||||||||
| Collections at HDFC Bank Locations | Free | ||||||||
| Bulk Transaction Charges | All above transaction are subject to a maximum of 150 transaction per month beyond which charges @ Rs.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) | Rs 1.50 per Rs.1000/- Minimum Rs.50/- per DD | ||||||||
| DD-Cancellation / Revalidation | Rs.100/- per instrument | ||||||||
| Cheque Collection | |||||||||
| Outstation Cheque Collection at Bank Locations |
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| Outstation Cheque Collection at Correspondent Bank Location |
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| Outstation Cheque Collection at Clean Location |
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| Cheque Collection through Speed Clearing |
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| 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 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) | |||||||||
| 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 | |||||||||
Combined Cash Deposit Limit @ any HDFC Bank Branches (monthly) | Free 4 times Current month POS transaction value per month or 50 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 City | Cash deposit at non home Branches within home branch city subject to maximum of Rs.1,00,000/- per account per day | ||||||||
| Free Cash deposite 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 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 | Free | ||||||||
| TDS Certificate | Free | ||||||||
| Balance Confirmation Certificate | Rs.100/- | ||||||||
| Interest Certificate | Rs. 100/- | ||||||||
| Cheque Status per instance | Free | ||||||||
| Photo Verification | Rs 100/- per instance | ||||||||
| Address Confirmation | Free | ||||||||
| Signature Verification | Rs 100/- per instance | ||||||||
| ECS (Debit) Return Charges (Quarterly Charges) | Upto 3 returns - Rs. 350/ instance 4th return onward Rs. 750 /instance | ||||||||
| Setting up of Standing Instructions | Nil | ||||||||
| Any Deliverable returned by courier due to negative reasons (no such consignee/ consignee shifted and no such address) | Rs 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 rejects | Upto 3 returns - 250/instance 4th return onward 750/instance | ||||||||
| Old Records / Copy of Paid Cheque | |||||||||
| Rs.80 per record | |||||||||
| Common Charges for Debit / ATM Cards | |||||||||
| Replacement of damaged card | Free | ||||||||
| Replacement of Lost card | Rs.200/- | ||||||||
| Copy Retrieval Request | Rs.100 | ||||||||
| Re-Issuance of PIN | Rs.50 (plus taxes) | ||||||||
| ATM Usage | |||||||||
| ATM Txns (@ HDFC Bank ATM) | Unlimited Free | ||||||||
ATM Txns - Financial & Non-Financial (@ HDFC Bank ATM) | Maximum of 5 Txns Free in a month with a cap of Maximum 3 free Txns in Top 6 cities @ Non-HDFC Bank ATM (Txns done in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad ATMs will be considered as Top 6 cities) | ||||||||
| 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 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 | ||||||||
| Charges on all IMPS Outgoing transactions: | |||||||||
| ₹ 0 - ₹ 1000 | ₹ 3.50/- per txn |
| ₹ 1001 - ₹ 100000 | ₹ 5/- per txn |
| Above ₹ 100000 | ₹ 15/- per txn |
