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Fees and Charges of Ascent Current Account

Enclosed below are HDFC Bank Ascent Current Account fees and charges

 

Features Metro & Urban Semi Urban & Rural
Average Quarterly Balance (AQB) ₹ 50,000 ₹ 25,000
Non-Maintenance Charges (Per Quarter) ₹ 3,000 (applies uniformly)  

 

Note: Free limits across Cash Deposit / Withdrawal / Total Transactions / Cheque leaves / DD & PO will lapse if AQB maintained is less than 75% of required product AQB.
Download Fees & Charges effective 1st August’2025

 

Cash Transactions

 

Features Details
Combined Cash Deposit at Home Location, Non-Home Location & Cash Recycler Machines** (Monthly Free Limit) Free up to 10 times of Current Month AMB (Upper Cap - ₹50 Crore) at any HDFC Bank Branch / Cash Recycler Machines; Beyond free limits, standard charges @ ₹4 per ₹1000, minimum ₹50 per transaction beyond free limits
Cash deposit in low denomination coins and notes i.e. ₹20 and below @ any HDFC Bank Branch (Monthly) Cash deposit in notes = Nil free limits; chargeable at 4% of cash deposit in low denomination notes Cash deposit in coins = Nil free limits; chargeable at 5% of cash deposit in coins
Operational Limit for Cash Deposit @ Non-Home Branch (Per Day) ₹ 5,00,000
Cash Withdrawal Limit @ Home Branch Free
Cash Withdrawal Limit @ Non-Home Branch (Monthly)

Free up to 10 times of Current Month AMB (Upper Cap – ₹ 50 crores)

Charges: ₹ 2 per ₹ 1,000 (Minimum ₹ 50 per transaction) beyond free limit
Daily Third-Party Cash Withdrawal Limit @ Non-Home Branch ₹ 50,000 per transaction

 

**Effective 1st August 2025, ₹50/- per transaction would be applicable for Cash Deposits through Cash Recycler Machines during 11 PM to 7 AM on all calendar days.

 

Non-Cash Transactions

 

Features Details
Local / Intercity Cheque Collection/Payments & Fund Transfer Free
Total Transactions* - Monthly Free Limit Free up to 150 transactions for every slab of ₹1 Lakh of Current Month AMB balance maintained (Upper Cap – 3000 transactions); Charges @ ₹50 per transaction beyond free limits
Demand Drafts (DD)/Pay Orders (PO) @ Bank Location

Free 30 DD/PO for every ₹1 lakh AMB maintained (Upper Cap – 1000 DD/PO)

Charges: ₹1 per ₹1,000, Min ₹50, Max ₹3,000 per instrument beyond free limit
Demand Drafts (DD) @ Correspondent Bank Location

No free limits

Charges: ₹1.50 per ₹1,000, Min ₹50 per instrument beyond free limit
Cheque Leaves - Monthly Free Limit Free 100 cheque leaves per ₹1 lakh AMB (Upper Cap – 2000 cheque leaves) Charges: ₹3 per leaf beyond free limit
Outstation Cheque Collection at Clean Location (Per Instrument Charges)

Up to ₹5,000: ₹25/-

₹5,001 - ₹10,000: ₹50/-

₹10,001 - ₹25,000: ₹100/-

₹25,001–₹1 lakh: ₹100/-

Above ₹1 lakh: ₹150/-

 

*Total Transactions includes count of Cash Deposit, Cash Withdrawal, Cheque Clearing and Fund Transfer Transactions

 

Electronic Transactions

 

Features Details
NEFT Payments Free on NetBanking & Mobile Banking; Branch Banking = Up to ₹10K: ₹2 per transaction, Above ₹10K up to ₹1 Lakh: ₹4 per transaction, Above ₹1 Lakh up to ₹2 Lakh: ₹14 per transaction, Above ₹2 Lakh: ₹24 per transaction
RTGS Payments Free on NetBanking & Mobile Banking; Branch Banking = ₹2 Lakh to ₹5 Lakh: ₹20 per transaction, Above ₹5 Lakh: ₹45 per transaction
IMPS Payments Up to ₹1000: ₹2.5, Above ₹1000 up to ₹1 Lakh: ₹5, Above ₹1 Lakh up to ₹2 Lakh: ₹15
NEFT / RTGS / IMPS Collections Free

 

Debit Cards (only for Individuals and Sole proprietorships)

 

Features Business* ATM Card
Annual Fee per Card Free Free
Daily ATM Limit ₹ 1,00,000/- ₹ 10,000/-
Daily Merchant Establishment Point of Sale Limit ₹ 5,00,000/- N/A

*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.
*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.   

 

ATM Usage

 

Features Details
ATM Transactions @ HDFC Bank ATMs Unlimited Free
ATM Transactions (Financial & Non-Financial) @ Non-HDFC Bank ATMs

Maximum of 5 Transactions Free in a month with a cap of maximum 3 free transactions in Top 6 cities1 @ Non-HDFC Bank ATM. Charges beyond free limits @ ₹ 21/- per transaction

1. Transactions done in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad ATMs will be considered as Top 6 cities

 

Note: With effect from 1st May 2025, ATM transaction charge rate beyond free limit of ₹21 + taxes would be revised to ₹ 23 + taxes, wherever applicable.

 

Account Closure Charges

 

Closure Period Charges
Up to 14 days No Charge
15 days to 6 months ₹ 1,000
6 months to 12 months ₹ 500
Beyond 12 months No Charge

 

Fees & Charges (Past Records)

 

Click here to view Fees & Charges for Ascent Current Account before 1st October’2023
Click here to view Fees & Charges for Ascent Current Account before 1st December’2024
Click here to view Fees & Charges for Ascent Current Account before 1st August’2025
Click here to read the Terms & Conditions of the Ascent Current Account.

Frequently asked questions

Ascent Current Account is a feature-packed current account offered by HDFC Bank for individuals, Hindu Undivided Families (HUFs), sole proprietorship firms, partnership firms, private limited companies, and public limited companies. It provides multiplier benefits across all nature of transactions, maximum cash deposit and withdrawal limits, free demand drafts and pay orders based on balance maintained, dynamic pricing for cost-efficiency, and much more.

The average quarterly balance (AQB) requirement for Ascent Current Account is ₹50,000 for metro and urban areas, and ₹25,000 for semi-urban and rural areas.

Yes, there is an average minimum balance requirement for maintaining an Ascent Current Account. If the AQB maintained is less than 75% of the required product AQB, free limits across cash deposit, withdrawal, total transactions, cheque leaves, demand drafts, and pay orders will lapse. Non-maintenance charges of ₹3,000 per quarter will apply.

Ascent Current Account is best suited for Traders, Manufacturers, Distributors, EXIM (export/import) customers who are involved in small - medium businesses with turnover ranging from ₹50 lakh up to ₹5 crore.

The average quarterly balance (AQB) requirement for Ascent Current Account is ₹50,000 for metro and urban areas, and ₹25,000 for semi-urban and rural areas.

An Ascent Current Account customer may avail Zero NMC benefit in quarter subsequent to account opening quarter, if he/she is active on all 3 digital services (i.e. Net-Banking/Mobile-Banking, Debit Card (ATM/POS transaction) and Bill Pay within first 2 months of account opening. Additionally, the customer will enjoy Zero NMC if the credit throughput value through ME/MPOS/MEAPP in a quarter is ₹5 lakh or more.

Yes, there is an average minimum balance requirement for maintaining an Ascent Current Account. If the AQB maintained is less than 75% of the required product AQB, free limits across cash deposit, withdrawal, total transactions, cheque leaves, demand drafts, and pay orders will lapse. Non-maintenance charges of ₹3,000 per quarter will apply.

Following are the key features of Ascent Current Account:

  • Combined Cash Deposit (Anywhere in India) – 10 times of current month AMB* (Upper cap of ₹50 crore per month)

  • Cash Withdrawal is free at Home Branch

  • Cash Withdrawal (Non-Home Branch) - 10 times of current month AMB (Upper cap of ₹50 crore per month) 

  • DD/PO (Bank Location) – 50 DD/PO free for every slab of ₹1 lakh of current month AMB balance maintained (Upper Cap of 1000 DD/PO per month)

  • Cheque Leaves – Free 100 cheque leaves for every slab of ₹1 lakh of current month AMB balance maintained (Upper Cap of 2000 cheque leaves per month)

  • Total Transaction (includes count of Cash Deposit, Cash Withdrawal, Cheque Clearing and Fund Transfer Transactions) – 150 transactions for every slab of ₹1 lakh of current month AMB balance maintained (Upper Cap of 3000 transactions per month)

One of the standout features of the Ascent Current Account is its commitment to transparency, evident in its provision of detailed monthly bank statements. Moreover, Ascent Current Account prioritises affordability by minimising transaction charges. Other benefits include:

  • Up to ₹9000 CashBack every year, 5% on tax payment

  • 1% CashBack on select retail and online shopping

  • Complimentary lounge access at select domestic airports, 2 per quarter 

  • Up to ₹ 10 lakh Personal accidental death cover by rail, road, air

  • International air coverage of flat ₹1 crore on purchase of air ticket

Ascent Current Account offers multiplier benefits for cash deposit transactions. The free limit offered is 10 times of current month AMB (across any HDFC bank branch across India) capped at a maximum of ₹50 crore per month.

Ascent Current account offers free NEFT/RTGS payments via both NetBanking/MobileBanking as well as physical request at branches.

IMPS charges on outgoing transactions (through NetBanking & MobileBanking) are as follows:

  • Up to ₹1,000: ₹3.5 per transaction

  • Above ₹1,000 and up to ₹1 lakh: ₹5 per transaction 

  • Above ₹1 lakh and up to ₹2 lakh: ₹15 per transaction

(charges exclusive of GST)