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)		 Free 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 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		 Free
Outstation Cheque Collection at Clean Location
 Free
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 - ₹ 350/- 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 -
Free
Cheque Deposited - Return unpaid ₹ 200 per instrument
One time Mandate Authorisation Charges
(Physical / Online)		 ₹ 40 per mandate
Interest Certificate / Balance Confirmation Certificate/ Photo Attestation / Signature Verification / Issue of Adhoc or Duplicate Statement at Branch Free
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 Free
Stop Payment Charges Particular Cheque - ₹ 100, (Free through Phone Banking)
Range of Cheques - ₹ 200 (Free through Phone Banking)
IPIN Regeneration Charges (Physical Dispatch) Free
Account Closure Charges  
Closure: Up to 14 days No Charge
Closure: 15 days to 6 months ₹ 500/-

Closure: 6 months to 12 months

₹ 250/-

Closure: Beyond 12 months

No Charge

 

Fees & Charges (Past Records)
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

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.