E-Commerce Current Account Fees & Charges

Fees and Charges of E-Commerce Current Account

Features E-Comm Current Account
Average Quarterly Balance (AQB) ₹25,000
Non-Maintenance Charges (per quarter) ₹1,800
CASH TRANSACTIONS
- Combined Cash Deposit Limit at any HDFC Bank Branches
- Monthly Limit
Combined Limit at any HDFC Bank Branches
Free up to higher of ₹3 lakh or 6 times the current month AMB or 40 transactions whichever is breached first, (subject to a maximum ₹100 lakh.)
Charges at ₹3.5 per ₹1,000, minimum ₹50 per transaction beyond free limits.
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 in low denomination notes.
Cash deposit in coins: Free up to ₹1,000 per month, beyond free limit chargeable at 5% of cash deposit in coins.
Operational Limit for Cash Deposit at Non-Home Branch (per day) ₹1 lakh.
Cash Withdrawal Limit at Home Branch Free
Cash Withdrawal Limit at Non-Home Branch (Daily Limit). ₹1 lakh per day
Charges at ₹2 per ₹1,000, minimum ₹50 per transaction beyond the free limit.
NON - CASH TRANSACTIONS
Local / Intercity cheque collection/payments and fund transfer. Free
Bulk Transactions (count of all cheque clearing and fund Transfer transactions): Monthly Free Limit Free up to 200 transactions.
Charges ₹30 per transaction beyond free limits
Cheque Leaves - Monthly Free Limit Free up to 300 cheque leaves
Charges at ₹3 per leaf beyond free limits.
Speed Clearing
(per instrument charges)
Up to ₹1 lakh - Free
Above ₹1 lakh - ₹15
Outstation Cheque Collection at Bank Location
(per instrument charges)
₹20
Outstation Cheque Collection at Bank Location
(per instrument charges)
Up to ₹35,000: ₹50
₹35,001 to ₹1 lakh: ₹100
Above ₹1 lakh - ₹150
Outstation cheque collection at Clean Location
(per instrument charges)
Up to ₹25,000:₹50
₹25,001 to ₹1 lakh: ₹100
Above ₹1 lakh: ₹150
Demand Drafts (DD)/ Pay Orders (PO) at Bank Location Free up to 50 DD/PO each
Charges at ₹25 per instrument beyond free limits.
Demand Drafts (DD) at Correspondent Bank location Charges at ₹2 per ₹1,000; Minimum ₹50
ELECTRONIC TRANSACTIONS
NEFT payments Free
RTGS payments Free
IMPS Payments ₹0 - ₹1000 ₹3.50 per transaction
  ₹1001 - ₹1 lakh ₹5 per transaction
  Above ₹1 lakh ₹15 per transaction
NEFT / RTGS / IMPS Collections Free
DEBIT CARDS (only for Individuals and Sole proprietorships)
Debit Card EasyShop Business ATM Card
Annual Fee per card ₹250 Free
Daily ATM limit ₹1 lakh ₹10,000
Daily Merchant Establishment Point of Sale limit ₹5 lakh NA
Also available for partnership firms and 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 ₹50,000/day and ₹10 lakh/month for the first 6 months from the Account opening date.
-For accounts older than 6 months, the ATM cash withdrawal limit is capped at ₹2 lakh/day and ₹10 lakh/month, effective immediately.
ATM Usage
ATM transactions at HDFC Bank ATM. Unlimited Free
ATM transactions at Non-HDFC Bank ATM Maximum of 5 transactions free in a month with a cap of a maximum of 3 free transactions in the top 6 cities at non-HDFC Bank ATMs.
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
ACH Return Charges
1 to 3 transactions in a month ₹350 per transaction
Fourth instance and beyond ₹750 per transaction
Other Charges
One time Mandate Authorisation Charges (Physical / Online) ₹40 per mandate

Note: Cash deposit limits will lapse if AQB maintained is less than 75% of required product AQB

Frequently Asked Questions

No, the E-commerce's Current Account is not free, it comes with a minimal annual charge of ₹250 plus applicable taxes.

The E-Commerce Current Account incurs a nominal annual fee of ₹250 plus applicable taxes. Additionally, there is a one-time charge of ₹40 for Mandate Authorization, whether done physically or online. For more details related to fees and charges, click here