Institutional Savings Account Fees & Charges

All You Need To Know

Enclosed below are HDFC Bank Institutional Savings Account fees and charges

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

TERMS & CONDITIONS

Non - Cash Transactions / Other Charges

Non - Cash Transactions / Other Charges
Local / Intercity Cheque Collection / Payments & Fund Transfer	Free
Demand Drafts (DD)/ Pay Orders (PO) at Bank Location	Unlimited Free
Demand Drafts (DD)/ Pay Orders (PO) at Correspondent Bank location	₹ 50 plus charges as outlined below: up to ₹ 500 - ₹ 10, above ₹ 500 to ₹1000 - ₹ 15, above ₹ 1000 to ₹ 5000 - ₹ 25, above ₹ 5000 to ₹ 10,000 - ₹ 30, above ₹ 10,000 to ₹ 1 Lakh - ₹ 3 per 1000 or part thereof, above ₹ 1 Lakh - ₹ 6 per 1000 or part thereof (min ₹ 300 to max ₹ 10,000/-)
Demand Drafts (DD) / Pay Orders (PO) - Cancellation / Revalidation	₹ 45 per instance
Cheque Leaves - Monthly Free Limit	Unlimited Free
Outstation cheque collection - other locations (per instrument charges)	a) up to ₹ 5,000 : ₹ 25/-, ₹ 20/- for rural branches b) ₹ 5,001/- to ₹ 10,000/- : ₹ 50/-, ₹ 40/- for rural branches c) ₹ 10,001/- to ₹ 1,00,000/-: ₹ 100/- d) ₹ 1,00,001/- and above: ₹ 150/-
Cheque collection - Local Clearing Zone (per instrument charges)	Free
ACH Return Charges (in a month)	For the first instance - ₹ 450 per transaction, 2nd instance - ₹ 500 per transaction 3rd instance and above - ₹ 550 per transaction
One time Mandate Authorisation Charges (Physical / Online)	₹ 40 per mandate
Inward Cheque Return (in a month)	For the first instance - ₹ 450 per instrument; 2nd instance - ₹ 500 per instrument; 3rd instance and above - ₹ 550 per instrument Funds Transfer Cheque Return - ₹ 350 per instrument, Due to Technical Reasons - ₹ 50 per instrument
Cheque Deposited - Return unpaid	₹ 200 per instrument
Insta Alert Charges	20 paise/SMS, charged on monthly basis.
Photo Attestation / Signature Verification / Issue of Adhoc or Duplicate Physical Statement	₹ 100 per instance
Address Confirmation / Interest Certificate / Balance Confirmation Certificate / Passbook Issuance	Free
Any Deliverable returned by courier due to negative reasons (no such consignee/ consignee shifted and no such address)	₹ 50/- per instance
Standing Instructions - Set up and Rejection Charges (in a month)	Set up - Nil; Rejection: 1st Return - ₹ 200/-, 2nd Return onwards - ₹ 250 per instance
Old Records / Copy of paid cheques	₹ 80
Stop Payment Charges	Particular Cheque - ₹ 50, Range of Cheques - ₹ 100
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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Institutional Savings Account - Overdraft against FD Variant

Institutional Savings Account - Overdraft against FD Variant
If you wish to avail Overdraft against Deposit in your Institutional Savings account, Debit/ATM Card will not be offered for this account. All the remaining features and charges linked to this account will be similar to Institutional Savings account.

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Cash Transactions
Cash Transactions at Home Branch	Free
Cash Transactions at Non Account Branches (Interbranch transactions including third party transactions through teller counter)	Cash transactions up to ₹ 5 lac free per day; above ₹ 5 lac a charge of ₹ 5/- per 1,000/- will be levied on the full amount

Electronic Transactions
NEFT Payments	Free
RTGS Payments	Free
IMPS Payments	Free
NEFT / RTGS / IMPS Collections	Free

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

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Institutional Savings Account Fees & Charges

All You Need To Know

FEATURES

ELIGIBILITY

FEES & CHARGES

Cash Transactions

Non - Cash Transactions / Other Charges

Electronic Transactions

Debit Cards

Account Closure Charges

Institutional Savings Account - Overdraft against FD Variant

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Regular Savings Account

Savings Max Account

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