FEATURES
ELIGIBILITY
FEES & CHARGES
Note :
- All fees and charges are exclusive of taxes. The charges mentioned in the tariff will attract Goods & Services Tax as applicable
Enclosed below are HDFC Bank Institutional Current Account fees and charges
| Features | Institutional Current Account | ||
| Average Quarterly Balance (AQB) / Average Half Yearly Balance (HAB) | Nil | ||
| Non-Maintenance Charges (per quarter / half yearly) | NA | ||
| CASH TRANSACTIONS | |||
| Combined Cash Deposit Limit @ any HDFC Bank Branch - Monthly Limit | Free up to ₹50 lakhs per month or 50 transactions (whichever is breached first) Charges @ ₹3.5 per ₹ 1000, minimum ₹50 per transaction beyond free limits | ||
| Operational Limit for Cash transactions @Non-Home Branch (per day) | ₹ 1,00,000/- | ||
| Cash Withdrawal Limit @ Home Branch | Free | ||
| Cash Withdrawal Limit @ Non Home Branch (Daily Limit) | ₹ 1,00,000/- per day Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- per txn beyond free limits | ||
| NON - CASH TRANSACTIONS | |||
| Local / Intercity Cheque Collection/Payments & Fund Transfer | Free | ||
| Bulk Transactions (count of all Cheque clearing and Fund Transfer transactions) - Monthly Free Limit | Free upto 300 txns Charges @ ₹ 10 per transaction beyond free limits | ||
| Cheque Leaves - Monthly Free Limit | Free upto 500 cheque leaves Charges @ ₹ 2/- per leaf beyond free limits | ||
| Speed Clearing (per instrument charges) | Free | ||
| Outstation Cheque Collection @ Bank Location (per instrument charges) | Free | ||
| Outstation Cheque Collection @ Correspondent Bank Location (per instrument charges) | Upto ₹ 10,000 - ₹ 25/- ₹ 10,001 to ₹ 1,00,000- ₹ 100/- Above ₹ 1,00,000 - ₹ 150/- | ||
| Demand Drafts (DD)/ Pay Orders (PO) @ Bank Location | Unlimited Free | ||
| Demand Drafts (DD) @ Correspondent Bank location | Charges @ ₹ 2/- per ₹ 1000/- ; Minimum ₹ 50/- | ||
| ELECTRONIC TRANSACTIONS | |||
| NEFT payments | Free | ||
| RTGS payments | Free | ||
| IMPS Payments | Free | ||
| NEFT / RTGS / IMPS Collections | Free | ||
| DEBIT CARD | |||
| Debit Card | EasyShop Business# | ATM Card | |
| Annual Fee per card | ₹ 250; free for the first year | Free | |
| Daily ATM limit | ₹ 1,00,000 | ₹ 10,000 | |
| Daily Merchant Establishment Point of Sale limit | ₹ 5,00,000 | NA | |
| # Also available for partnership firms & limited company current accounts. In case, the MOP (Mode of Operation) is conditional, all AUS (Authorized Signatories) have to sign the form jointly. | |||
| ATM Usage | |||
| ATM Txns (@ HDFC Bank ATM) | Unlimited Free | ||
| ATM Txns (@ Non- HDFC Bank ATM) | Cash withdrawal and non-financial transaction - ₹ 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 | ||
| ACH Return Charges | |||
| For the first 3 transactions in a month | ₹350 per transaction | ||
| 4th transaction and above in a month | ₹750 per transaction | ||
| Other Charges | |||
| One time Mandate Authorisation Charges (Physical / Online) | ₹ 40 per mandate | ||
Inward Cheque Return | For the first 2 instances in a month - ₹500 per instrument Charges due to funds transfer cheque return - ₹350 per instrument | ||
| Insta Alert charges | From current ₹ 3 /- per quarter Please note- The revised charges are effective Jan'2022, therefore customers will be charged next month i.e. Feb 2022 first week. Per SMS cost is 20 Paise + 18% GST and charging will be done on monthly basis. Exempted base segments will remain the same The above-mentioned charges will remain same until further intimation | ||
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:
Combined 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 @ ₹3.5 per ₹1000, minimum ₹50 per transaction beyond the free limit |
Bulk Transactions - Monthly Free Limit | Free up to 250 transactions Charges @ ₹10 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 |
IMPS Payments | Up to ₹ 1000 – ₹ 3.50; Above ₹ 1000 & up to ₹ 1 Lakh – ₹5, Above ₹ 1 Lakh – ₹15 |
Demand Drafts (DD)/Pay Orders (PO) @ Bank Location | Free up to 50 DD/PO each per month |
