FAQs
What are eligibility criteria to open Regular Collection Account?
Customer is eligible to open Regular Collection Account in line with RBI guidelines dated 06/08/2020 on “Opening of Current Accounts by Banks - Need for Discipline” Circular Ref no. RBI/2020-21/20 DOR.No.BP.BC/7/21.04.048/2020-21
How much minimum AQB (Average Quarterly Balance) is required to be maintained for Regular Collection Account?
AQB Requirement – ₹10,000/-
What are the charges applicable for non-maintenance of AQB?
NMC charges: ₹1,500/- (per quarter)
What are the key features of Regular Collection Account?
- Free Cash Deposits up to ₹2 lakh or 25 transactions (whichever is breached first) at any HDFC Bank Branches
- Free local or intercity cheque collection across all HDFC Bank locations.
- 50 free Bulk transactions per month
- Free collection of funds through RTGS and NEFT
What are the free limits for cash deposit?
Free Cash Deposits up to ₹2 lakh per month or 25 transactions (whichever is breached first) at any HDFC Bank Branches
What are the free limits for bulk transactions?
50 free Bulk transactions per month are offered.
(Note: Bulk transactions include all Local & Anywhere clearing and Fund transfers)
