Ascent Current Account Fees
Fees and Charges of Ascent Current Account
| Enclosed below are HDFC Bank Ascent Current Account fees and charges | |
|---|---|
| Features | Ascent Current Account |
| Average Quarterly Balance (AQB) | Metro and Urban: ₹50,000 |
| Semi urban and Rural: ₹25,000 | |
| Non-Maintenance Charges (per quarter) | ₹3,000 |
| Note: Free limits across Cash Deposit / Withdrawal / Total Transactions / Cheque leaves / DD and PO will lapse if AQB maintained is less than 75% of required product AQB. | |
Download Fees and Charges effective 1st October 2023
Cash Transactions
| Cash Transactions | |
|---|---|
| Combined Cash deposit limit at any HDFC Bank Branch (monthly) |
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| Cash deposit in low denomination notes i.e. ₹50 and below at any HDFC Bank Branch (monthly) | Cash deposit in notes: Free up to ₹10,000 per month, beyond free limit chargeable at 2% of cash deposit. |
| Cash deposit in coins: Free up to ₹1,000 per month, beyond free limit chargeable at 5% of cash deposit. | |
| Operational Limit for Cash Deposit at Non-Home Branch (per day) | ₹5lakh |
| Cash Withdrawal Limit at Home Branch | Free |
| Cash Withdrawal Limit at Non-Home Branch |
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| Daily Third-Party Cash Withdrawal limit at Non-Home Branch | ₹50,000 per transaction |
Non - Cash Transactions
| Local / Intercity Cheque Collection/Payments and Fund Transfer | Free |
|---|---|
| Total Transactions* - Monthly Free Limit | Free 150 transactions for every slab of ₹1 lakh of current month AMB balance maintained, upper cap: 3000 transactions. |
| Charges at ₹45 per transaction beyond free limits. | |
| Demand Drafts (DD)/ Pay Orders (PO)at Bank Location | Monthly free limit of 50 DD/POs for every slab of ₹1 lakh of current month MB balance maintained. |
| *subject to maximum of 1000 DD/PO. | |
| Demand Drafts (DD) at Correspondent Bank location | No free limits Charges at ₹1.50 per ₹1000 |
| Minimum ₹50/- per instrument beyond free limits | |
| Cheque Leaves - Monthly Free Limit | Free 100 cheque leaves for every slab of ₹1 lakh current month AMB balance maintained, upper cap: 2000 cheque leaves. |
| Charges: ₹3 per leaf beyond free limits | |
| Speed Clearing (per instrument charges) |
Free |
| Outstation Cheque Collection at Bank Location, per instrument charges | Free |
| Outstation Cheque Collection at correspondent bank location, per instrument charges | Up to ₹35,000: ₹50 ₹35,001- ₹1lakh: ₹100 Above ₹1lakh: ₹150 |
| Outstation cheque collection at clean location, per instrument charges | Up to ₹25,000: ₹50 ₹25,001- ₹1 lakh: ₹100 Above ₹1 lakh: ₹150 |
| Total Transactions - Total Transaction includes count of Cash Deposit, Cash Withdrawal, Cheque Clearing and Fund Transfer Transactions | |
Electronic Transactions
| NEFT payments | Free through Branch and Net banking |
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| RTGS payments | Free through Branch and Net banking |
| IMPS Payments | ₹0 - ₹1,000: ₹3.5 ₹1,001 - ₹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 | EasyShop Business* | ATM Card |
|---|---|---|
| Annual Fee per card | Free | Free |
| Daily ATM limit | ₹1lakh | ₹10,000 |
| Daily Merchant Establishment Point of Sale limit | ₹5lakh | NA |
| *Also available for partnership firms and limited company current accounts. In c/ase, 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 lakh per day and ₹10 lakh per month for first 6 months from Account opening date.
For accounts older than 6 months, ATM cash withdrawal limit is capped at ₹2 lakh per day and ₹10 lakh per month. This is implemented with immediate effect.
ATM Usage
| ATM Transactions at HDFC Bank ATM. | Unlimited Free |
|---|---|
| ATM Transactions - Financial and Non-financial at Non- HDFC Bank ATM) | Maximum of 5 transactions free in a month with a cap of maximum 3 free transactions in top 6 cities at Non-HDFC Bank ATM. |
| Charges beyond free limits: ₹21 per transaction | |
| Note: Transactions done in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad ATMs will be considered as top 6 cities. |
Account Closure Charges
| Closure: Up to 14 days | No Charge |
|---|---|
| Closure: 15 days to 6 months | ₹1,000 |
| Closure: 6 months to 12 months | ₹500 |
| Closure: Beyond 12 months | No Charge |
Fees and Charges (Past Records)
Click here to view Fees and Charges for Ascent Current Account before October 1, 2023.
Electronic transactions at our bank come with various fee structures. NEFT payments made through both branch and net banking channels are free of charge. Similarly, RTGS payments conducted through branch and net banking are also free. For IMPS payments, the fee varies based on the transaction amount: transactions ranging from ₹0 to ₹1,000 incur a fee of ₹3.5, those between ₹1,001 and ₹1 lakh are charged ₹5, and transactions between ₹1 lakh and ₹2 lakhs incur a fee of ₹15. Furthermore, NEFT, RTGS, and IMPS collections are entirely free of charge.
The Ascent Current Account incurs specific fees and charges. There are fees and charges levied on cash transactions, ATM usage, debit cards, and more.