Institutional Current Account Fees & Charges

All You Need To Know

Enclosed below are HDFC Bank Institutional Current Account fees and charges

Features	Institutional Current Account
Average Quarterly Balance (AQB) / Average Monthly Balance (AMB)	Nil
Non-Maintenance Charges (per quarter / half yearly)	NA

Terms & Conditions

Cash Transactions

Cash Transactions
Cash Deposit Limit at any HDFC Bank Branch - Monthly Limit	Free up to ₹50 lakhs or 50 transactions per month (whichever is breached first); Charges @ ₹3.5 per ₹ 1000, 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
Operational Limit for Cash transactions at Non-Home Branch (per day)	₹ 1,00,000/-
Cash Withdrawal Limit at Home Branch	Free
Cash Withdrawal Limit at Non-Home Branch (Daily Limit)	₹ 1,00,000/- per day; chargeable @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- per txn beyond free limits

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Non - Cash Transactions / Other Charge

Non - Cash Transactions / Other Charges
Local / Intercity Cheque Collection/ Payments & Fund Transfer	Free
Bulk Transactions - Monthly Free Limit	Free upto 300 txns Charges @ ₹ 30 per transaction beyond free limits
Cheque Leaves - Monthly Free Limit	Free upto 500 cheque leaves Charges @ ₹ 3/- per leaf beyond free limits
Demand Drafts (DD)/ Pay Orders (PO) at Bank Location	Unlimited Free
Demand Drafts (DD)/ Pay Orders (PO) at Correspondent Bank location	Charges @ ₹ 2/- per ₹ 1000/- ; minimum ₹ 50/- per instrument
Demand Drafts (DD) / Pay Orders (PO) - Cancellation / Revalidation	₹ 50/- per instance
Outstation Cheque Collection at Clean Location (per instrument charge)	Upto ₹ 10,000/- chargeable at ₹ 25/-, above ₹ 10,000/- and upto ₹ 1 Lac chargeable at ₹ 100/-, above ₹ 1 Lac chargeable at ₹ 150/-
ACH Return Charges (in a month)	For the first 3 transactions - ₹ 350 per transaction; 4th transaction and above - ₹ 750 per transaction
Standing Instructions - Set up and Rejection Charges (in a month)	Set up - Nil; Rejection: Upto 3 returns - ₹ 250/- per instance, 4th return onward - ₹ 750/- per instance
Inward Cheque Return (in a month)	For the first 2 instances - ₹ 500 per instrument, 3rd instance and above - ₹ 750 per instrument, Funds Transfer Cheque Return - ₹ 350 per instrument, Due to Technical Reasons - ₹ 50 per instrument
Cheque Deposited - Return unpaid	₹ 200 per instrument
One time Mandate Authorisation Charges (Physical / Online)	₹ 40 per mandate
Insta Alert Charges (charged on monthly basis)	20 paise/SMS
Interest Certificate / Balance Confirmation Certificate/ Photo Attestation / Signature Verification / Issue of Adhoc or Duplicate Statement at Branch	₹ 100 per instance
TDS Certificate / Address Confirmation	Free
Any Deliverable returned by courier due to negative reasons (no such consignee/ consignee shifted and no such address)	₹ 50 per instance
Old Records / Copy of paid cheques	₹ 80 per instance
Stop Payment Charges	Particular Cheque - ₹ 100, Range of Cheques - ₹ 200
IPIN Regeneration Charges (Physical Dispatch)	₹ 40 per instance

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Debit Cards

Debit Cards
Features	EasyShop Business*	ATM Card
Annual Fee per card	₹ 350	Free
Daily ATM limit	₹ 1,00,000	₹ 10,000
Daily Merchant Establishment Point of Sale limit	₹ 5,00,000	NA
*In case the MOP (Mode of Operation) is conditional, all AUS (Authorized Signatories) have to sign the form jointly.
*For Security reasons, ATM cash withdrawal limit is capped at ₹ 0.5 Lakhs per day and ₹ 10 Lakhs per month for first 6 months from account opening date.   For accounts older than 6 months, ATM cash withdrawal limit is capped at ₹ 2 Lakhs per day and ₹ 10 Lakhs per month. This is implemented with immediate effect.

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Fees & Charges (Past Records)

Fees & Charges (Past Records)
Click here to view Fees & Charges for Institutional Current Account before 1st November'2024
All fees and charges are exclusive of taxes. The charges mentioned in the tariff will attract Goods & Services Tax as applicable. The above-mentioned charges will remain same until further intimation.

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Institutional Current Account - OD / Limit Variant

Institutional Current Account - OD / Limit Variant
If you wish to avail Overdraft against Deposit/other limits in your Institutional Current account, Debit/ATM Card will not be offered in this case. All the remaining features and charges linked to this account will be similar to Institutional Current account except for the below:
Cash Deposit Limit at any HDFC Bank Branch – Monthly Limit	Free up to ₹12 Lakh per month or 50 transactions (whichever is breached first), Charges @ ₹ 3.50 per ₹1000, minimum ₹50 per transaction beyond the free limit
Bulk Transactions - Monthly Free Limit	Free up to 250 transactions, Charges @ ₹ 30 per transaction beyond the free limits
Cheque Leaves - Monthly Free Limit	Free up to 100 cheque leaves, Charges @ ₹ 3 per cheque beyond the free limits
Demand Drafts (DD)/Pay Orders (PO) at Bank Location	Free up to 50 DD/PO each per month, above free limits charges at ₹ 25 per instrument
IMPS Payments	Up to ₹ 1000 – ₹ 3.50, above ₹ 1000 & up to ₹ 1 Lakh – ₹5, above ₹ 1 Lakh – ₹15

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ATM Usage
ATM Txns (@ HDFC Bank ATM)	Unlimited Free
ATM Transactions - Financial & Non-Financial (@ Non- HDFC Bank ATM)	₹ 21 per transaction from first transaction onwards.

Account Closure Charges
Closure: Up to 14 days	No Charge
Closure: 15 days to 12 months	₹ 500/-
Closure: Beyond 12 months	No Charge

Institutional Current Account Fees & Charges

All You Need To Know

FEATURES

ELIGIBILITY

FEES & CHARGES

Cash Transactions

Non - Cash Transactions / Other Charge

Electronic Transactions

Debit Cards

ATM Usage

Account Closure Charges

Fees & Charges (Past Records)

Institutional Current Account - OD / Limit Variant

Manage Your Accounts

Tools & Calculators

Ways To Bank

Phone Banking

in the current economy

Institutional Current Account Fees & Charges

All You Need To Know

FEATURES

ELIGIBILITY

FEES & CHARGES

Cash Transactions

Non - Cash Transactions / Other Charge

Electronic Transactions

Debit Cards

ATM Usage

Account Closure Charges

Fees & Charges (Past Records)

Institutional Current Account - OD / Limit Variant

Manage Your Accounts

Tools & Calculators

Ways To Bank

Phone Banking

Difference Between Current Account & Savings Account

in the current economy