FEATURES
ELIGIBILITY
FEES & CHARGES
Enclosed below are HDFC Bank Merchant Advantage Current Account fees and charges
Fees & Charges for Merchant Advantage Current Account effective 1st January 2016.
| Description of Charges | Merchant 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 balance | Average 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.) |
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| Other Current Account facilities | ||||||||||||||||
| Monthly Account Statement+ | Free | |||||||||||||||
| Issue of Duplicate / Adhoc Statement | Branch - ₹ 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 DD | DD 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 PO | PO 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 PhoneBanking | All standard charges for DD / PO are applicable as above. Only DD / PO amount upto ₹ 500,000/- are accepted at Phonebanking. | |||||||||||||||
| DD/PO-Cancellation/Revalidation | ₹ 100/- 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) | |||||||||||||||
| Collections | Free | |||||||||||||||
| 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) | |||||||||||||||
| Collections | Free | |||||||||||||||
| NEFT/RTGS payments are free through netbanking | ||||||||||||||||
| 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 50 transaction per month beyond which charges @ ₹ 10/- 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 |
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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 | Up to 2 instruments per month - ₹ 500 per instrument ;On 3rd instrument onwards - ₹ 750 per instrument | |||||||||||||||
| Due to Technical Reasons | No Charge | |||||||||||||||
| Cheques Deposited Returned Unpaid | Local Cheque: ₹ 100 per instrument and Outstation Cheque: ₹ 150 per instrument | |||||||||||||||
| Doorstep Banking ** | ||||||||||||||||
| Cash Pickup Charges (within municipal city limits) | ||||||||||||||||
| Cash Pickup upto Rs 1 Lac | ₹ 150/- per pickup | |||||||||||||||
| Cash Pickup beyond Rs 1 Lac and upto Rs 2 Lac | ₹ 200/- per pickup | |||||||||||||||
| Cash Pickup beyond Rs 2 Lac and upto Rs 3 Lac | ₹ 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 | ||||||||||||||||
| Cash Deposit-Home Branch Location | Free upto 4 times current month POS value (Amount swiped at HDFC Bank EDC machine) per month or 25 transactions whichever is lower,deposit in excess of 4 times POS value or 25 transactions will be charged @ ₹ 3/- per Rs 1,000, minimum ₹ 50/- per transaction. | |||||||||||||||
| Limit on Inter-Branch deposits (Within Home Branch City | Cash deposit at non home Branches within home branch city subject to maximum of ₹ 50,000/- per account per day | |||||||||||||||
| Cash Deposit -Non Home location | Maximum of ₹ 50,000/- per day, charges @ ₹ 3.5 per 1000, min ₹ 50 per transaction | |||||||||||||||
| 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 ₹ 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 enquiry | ₹ 25/- | |||||||||||||||
| TDS Certificate | Free | |||||||||||||||
| Balance Confirmation | ₹ 50/- | |||||||||||||||
| Interest Certificate | ₹ 50/- | |||||||||||||||
| Cheque Status per instance | ₹ 25/- | |||||||||||||||
| Photo Verification | ₹ 100/- per instance | |||||||||||||||
| Address Confirmation | ₹ 100/- per instance | |||||||||||||||
| 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 Instructions | Nil | |||||||||||||||
| Any Deliverable returned by courier due to negative reasons (no such consignee/ consignee shifted and no such address) | ₹ 50/- per instance | |||||||||||||||
| TIN/IPIN Regeneration (requests received at the branch for physical dispatch) | ₹ 50/- per instance | |||||||||||||||
| SI rejects | Upto 3 returns - 350/instance 4th return onward 750/instance | |||||||||||||||
| Old Records / Copy of Paid Cheque | ||||||||||||||||
| Upto 1 Year | ₹ 50 per record | |||||||||||||||
| Above 1 Year | ₹ 100 per record | |||||||||||||||
| Common Charges for Debit / ATM Cards | ||||||||||||||||
| Replacement of damaged card | Free | |||||||||||||||
| Replacement of Lost card | ₹ 200/- | |||||||||||||||
| Copy Retrieval Request | ₹ 100 | |||||||||||||||
| Re-Issuance of PIN | ₹ 50 (plus taxes) | |||||||||||||||
| ATM Usage: | ||||||||||||||||
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| Transaction Decline Charge (at Non HDFC Bank ATM's) | ₹ 25 per transaction | |||||||||||||||
| Stop Payment Charges | ||||||||||||||||
| Particular cheque | ₹ 100/- (FREE through Phone Banking) | |||||||||||||||
| Range of cheques | ₹ 250/- (FREE through Phone Banking) | |||||||||||||||
| Account Closure: | ||||||||||||||||
| Up to 14 days | No Charge | |||||||||||||||
| 15 days to 6 months | ₹ 500/- | |||||||||||||||
| 6 months upto 12 months | ₹ 250/- | |||||||||||||||
| 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-For accounts maintaining AQB | Free | |||||||||||||||
| Charges on all IMPS Outgoing transactions: | ||||||||||||||||
fective 1st March, 2015
Fees & Charges for Merchant Advantage Current Account effective 1st January 2016.
| Slabs (₹) | Charges Exclusive of GST (₹) |
|---|---|
| Up to 100,000 | 5 |
| 100,001 upto 200,000 | 15 |
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.
