Fees and Charges of Max Advantage Current Account
| Features | Max Advantage Current Account |
|---|---|
| AQB | Metro and Urban – ₹ 5lakh Semi-urban and Rural – ₹2.5lakh |
| Non-Maintenance Charges (per quarter) | Metro and Urban – ₹8,000 Semi-urban and Rural – ₹4,000 |
| 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. | |
| Cash Transactions | |
|---|---|
| Combined Cash Deposit Limit at any HDFC Bank Branch (monthly) | Free 12 times Current Month AMB (Upper Cap: ₹ 75 crores)Charges: ₹3.5 per ₹1,000, minimum ₹50 per transactions 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. 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) | ₹5 lakh |
| Cash withdrawal limit at home branch | Free |
| Cash withdrawal limit at non-home branch | Free 12 times Current Month AMB (Upper Cap: ₹ 75 crores) Charges: ₹2per ₹ 1,000, minimum ₹50 per transactions beyond free limits. |
| 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 lac of the current month AMB balance maintained. (Upper Cap - 3000 transactions) Charges: ₹45 per transaction beyond free limits |
| Demand Drafts (DD)/ Pay Orders (PO) at bank location | Unlimited Free |
| Demand Drafts (DD) at correspondent bank location | Free up to ₹30 lakh per month. Charges: ₹ 1.50 per ₹ 1000, minimum ₹50 per instrument beyond free limits |
| Cheque Leaves - Monthly Free Limit | Free 100 cheque leaves for every slab of ₹ 1lakh of 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- ₹1 lakh: ₹ 100 Above ₹1 lakh: ₹ 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 includes a count of Cash Deposits, Cash Withdrawals, Cheque Clearing and Fund Transfer Transactions
Electronic Transactions
| NEFT payments | Free through Branch and Netbanking |
|---|---|
| RTGS payments | Free through Branch and Netbanking |
| IMPS Payments | Free |
| NEFT / RTGS / IMPS Collections | Free |
Debit Cards
| 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 case the MOP (Mode of Operation) is conditional, all AUS (Authorized Signatories) have to sign the form jointly. | ||
*For Security reasons,
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, 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 | ₹2,000 |
| Closure: 6 months to 12 months | ₹1,000 |
| Closure: Beyond 12 months | No Charge |
Fees and Charges (Past Records)
Click here to view Fees and Charges for Max Advantage Current Account before October 1, 2023
Specific fees and charges are associated with the Max Advantage Current Account. Click here to know more.
No, the Max Advantage Current Account is not tax free. Click here to know more.
Yes, there are monthly maintenance charges on Max Advantage Current Account.