| 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. |
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| *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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| 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 |