Institutional Current Account Fees & Charges

Fees and Charges of Institutional Current Account

Features Institutional Current Account
Average Quarterly Balance (AQB)
Average Half Yearly Balance (HAB)		 NIL
Non-maintenance charges (per quarter/half yearly) NA
Cash Transactions
Cash Deposit Limit at
any HDFC Bank Branch - Monthly Limit		 Free up to ₹50 lakhs or 50 transactions per month (whichever is breached first);
Charges @ ₹3.5 per ₹ 1000, minimum ₹50 per transaction beyond free limits
Cash deposit in low denomination notes
i.e. ₹ 50 and below @ any HDFC Bank Branch (monthly)		 1. Cash deposit in notes:
Free up to ₹ 10,000/- per month, beyond free limit chargeable at 2% of cash deposit in low denomination notes

2. 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 transactions
at Non-Home Branch (per day)		 ₹ 1,00,000/-
Cash Withdrawal Limit at Home Branch Free
Cash Withdrawal Limit at
Non-Home Branch (Daily Limit)		 ₹ 1,00,000/- per day;
chargeable @ ₹ 2/- per ₹ 1,000/-,
minimum ₹ 50/- per txn beyond free limits
Non - Cash Transactions / Other Charges 
Local / Intercity Cheque Collection/
​​​​​​​Payments & Fund Transfer		 Free
Bulk Transactions - Monthly Free Limit Free upto 300 txns
Charges @ ₹ 30 per transaction beyond free limits
Cheque Leaves - Monthly Free Limit Free upto 500 cheque leaves
Charges @ ₹ 3/- per leaf beyond free limits
Demand Drafts (DD)/ Pay
Orders (PO) at Bank Location		 Unlimited Free
Demand Drafts (DD)/ Pay Orders
(PO) at Correspondent Bank location		 Charges @ ₹ 2/- per ₹ 1000/- ;
minimum ₹ 50/- per instrument
Demand Drafts (DD) / Pay Orders
(PO) - Cancellation / Revalidation		 ₹ 50/- per instance
Outstation Cheque Collection at Clean Location
(per instrument charge)		 Upto ₹ 10,000/- chargeable at ₹ 25/-,
above ₹ 10,000/- and upto ₹ 1 Lac chargeable at ₹ 100/-,
above ₹ 1 Lac chargeable at ₹ 150/-
ACH Return Charges (in a month) For the first 3 transactions -
₹ 350 per transaction;
4th transaction and above  -
₹ 750 per transaction
Standing Instructions - Set up and
Rejection Charges (in a month)		 Set up - Nil;
Rejection:
Upto 3 returns - ₹ 250/- per instance,
4th return onward - ₹ 750/- per instance
Inward Cheque Return (in a month) For the first 2 instances -
₹ 500 per instrument,
3rd instance and above -
₹ 750 per instrument,
Funds Transfer Cheque Return -
₹ 350 per instrument,
Due to Technical Reasons -
₹ 50 per instrument
Cheque Deposited - Return unpaid ₹ 200 per instrument
One time Mandate Authorisation Charges
(Physical / Online)		 ₹ 40 per mandate
Insta Alert Charges (charged on monthly basis) 20 paise/SMS 
Interest Certificate / Balance Confirmation Certificate/ Photo Attestation / Signature Verification / Issue of Adhoc or Duplicate Statement at Branch ₹ 100 per instance
TDS Certificate / Address Confirmation Free
Any Deliverable returned by courier due to negative reasons
(no such consignee/ consignee shifted and no such address)		 ₹ 50 per instance
Old Records / Copy of paid cheques ₹ 80 per instance
Stop Payment Charges Particular Cheque - ₹ 100,
​​​​​​​Range of Cheques - ₹ 200 
IPIN Regeneration Charges (Physical Dispatch) ₹ 40 per instance
Electronic Transactions
NEFT Payments Free
RTGS Payments Free
IMPS Payments Free
NEFT / RTGS / IMPS Collections Free
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. 
ATM Usage  
ATM Txns (@ HDFC Bank ATM) Unlimited Free
ATM Transactions - Financial & Non-Financial
(@ Non- HDFC Bank ATM)		 ₹ 21 per transaction from first transaction onwards.
Account Closure Charges  
Closure: Up to 14 days No Charge
Closure: 15 days to 12 months ₹ 500/-
Closure: Beyond 12 months No Charge
Fees & Charges (Past Records)
Click here to view Fees & Charges for Institutional Current Account before 1st November'2024

​​​​​​​
All fees and charges are exclusive of taxes. The charges mentioned in the tariff will attract Goods & Services Tax as applicable. The above-mentioned charges will remain same until further intimation.
Institutional Current Account - OD / Limit Variant
If you wish to avail Overdraft against Deposit/other limits in your Institutional Current account, Debit/ATM Card will not be offered in this case. All the remaining features and charges linked to this account will be similar to Institutional Current account except for the below:
Cash Deposit Limit at any HDFC Bank Branch – Monthly Limit Free up to ₹12 Lakh per month or 50 transactions (whichever is breached first),
Charges @ ₹ 3.50 per ₹1000, minimum ₹50
per transaction beyond the free limit
Bulk Transactions - Monthly Free Limit Free up to 250 transactions,
Charges @ ₹ 30 per transaction beyond the free limits
Cheque Leaves - Monthly Free Limit Free up to 100 cheque leaves,
Charges @ ₹ 3 per cheque beyond the free limits
Demand Drafts (DD)/Pay Orders (PO) at Bank Location Free up to 50 DD/PO each per month,
​​above free limits charges at ₹ 25 per instrument
IMPS Payments Up to ₹ 1000 – ₹ 3.50,
above ₹ 1000 & up to ₹ 1 Lakh – ₹5,
above ₹ 1 Lakh – ₹15

Frequently Asked Questions

No, the Institutional Current Account is not tax free.

The Institutional Current Account incurs specific fees and charges. You may refer to the above table for details.