Fees and Charges of Merchant Advantage Plus Current Account
Enclosed below are HDFC Bank Merchant Advantage Plus Current Account fees and charges
| Description of Charges | Merchant Advantage Plus Current Account | |
|---|---|---|
| Minimum Balance (Average Monthly Balance) | ₹ 1 lakh | |
| Non-Maintenance Charges per month | ₹1000 per month | |
| Cheque Book Charges (Issued by Bank) (Customer can request for maximum of 100 cheque leaves through NetBanking. For requests above 100 cheque leaves the customer needs to visit the branch.) |
Payable-at-par | |
200 cheque leaves Free per month. Charges ₹3 per leaf beyond 200 leaves |
||
| Other Current Account facilities | ||
| Issue of Duplicate / Ad-hoc statement | Branch: ₹100 Phone Banking (Non IVR): ₹75 Net Banking, MobileBanking, PhoneBanking: IVR and ATM: ₹50 |
|
| Mode of calculation of minimum average monthly balance | Average of daily closing balances of each day spread over one month. | |
| Remittance facility through own Bank | ||
| Demand Drafts (DD) / payable HDFC Bank Locations (Issued from any branch) / Duplicate DD | Free up to 50 DDs per month. Above 50 DDs, charges: ₹25 per demand draft. |
|
| Pay Order (PO) on HDFC Bank locations (Issued from any branch) / Duplicate PO | Free up to 50 (PO) per month. Above 50 (PO), charges: ₹25 per Pay Order. |
|
| Issuance of DD/ PO through phone banking | All standard charges for DD / PO are applicable as above. Only DD / PO amounts up to ₹5 lakh are accepted at PhoneBanking. |
|
| DD/PO-Cancellation/Revalidation | ₹50 per instrument | |
| NEFT Transactions: | ||
| Payments | Free | |
| Collections | Free | |
| RTGS Transactions: | ||
| Payments(At branch) | Free | |
| Collections | Free | |
| Local Transactions (At home branch location) | ||
| Local cheques collections and payments | Free | |
| Account to Account Fund Transfer within HDFC Bank | Free | |
| Anywhere Transactions | ||
| Account to Account Fund Transfer within HDFC Bank | Free | |
| Payments at HDFC Bank Locations | Free | |
| Collections at HDFC Bank Locations | Free | |
| Bulk Transactions (Monthly Limit) | Free up to 150 transactions; Charges @ ₹35 per transaction beyond free limits | |
| Remittance facility through another Bank | ||
| Issue of Demand Drafts (DD) / Duplicate DD (Correspondent tieup) | ₹1.50 per ₹1000, minimum ₹50 per DD | |
| DD-Cancellation / Revalidation | ₹60 per instance | |
| Cheque Collection | ||
| Outstation cheque collection at bank locations | Instrument Value |
Charges |
| Any Amount | ₹20 per instrument | |
| Outstation cheque collection at correspondent bank locations | Instrument Value |
Charges |
| Upto ₹ 35,000 | ₹50 per instrument | |
| Above ₹ 25,000 and upto ₹ 1 lakh | ₹100 per instrument | |
| Above ₹ 1 lakh | ₹150 per instrument | |
| Outstation cheque collection at clean locations | Instrument Value |
Charges |
| Upto ₹ 25,000 | ₹50 per instrument | |
| Above ₹ 25,000 and upto ₹ 1 lakh | ₹100 per instrument | |
| Above ₹ 1 lakh | ₹150 per instrument | |
| Bouncing of cheques- Local | ||
| Cheques drawn on us | ||
| Due to insufficient funds | - Upto 2 instruments per month ₹ 500 per instrumentper month - 3rd onwards ₹ 750 per instrument - Due to funds transfer cheque return: ₹350 per instrument. |
|
| Due to Technical Reasons | ₹ 50 per instrument (e.g. - Date not mentioned, post-dated, sign mismatch, etc.) | |
| Cheques Deposited Returned Unpaid | Local & Outstation - ₹ 200 instrument | |
| Doorstep Banking ** | ||
| Cash Pickup Charges (within municipal city limits) | ||
| Cash pickup up to ₹1 Lakh | ₹150 per pickup | |
| Cash Pickup beyond ₹1 Lakh and up to ₹2 lakh | ₹200 per pickup | |
| Beyond ₹2 lakh and upto ₹4 lakh | ₹300 per pickup | |
| Cash beyond the above limits can be offered, for further details on charges please contact your Branch Manager | ||
| Cash Transactions | ||
| Cash Deposit | ||
| Combined Cash Deposit at Home Location, Non-Home Location & Cash Recycler Machines** (Monthly Free Limit) | Free up to 4 times of Current Month POS transaction value or 50 transactions, whichever is lower; Charges @ ₹4 per ₹1000, minimum ₹50 per transaction beyond free limits | |
| Cash deposit in low denomination coins and notes i.e. ₹20 and below @ any HDFC Bank Branch (Monthly) | 1. Cash deposit in notes =Nil free limits; chargeable at 4% of cash deposit in low denomination notes 2. Cash deposit in coins = Nil free limits; chargeable at 5% of cash deposit in coins |
|
| Limit on Inter-Branch deposits (Within home branch city | Cash deposit at non-home branches within home branch city subject to maximum of ₹ 1 lakh per account per day | |
| Free Cash deposit Limit will lapse for the account if AQB/AMB/HAB maintained is less than 75% of required product AQB/AMB/HAB i.e. Customer will be charged from 1st transaction of cash deposit. **Effective 1st August 2025, ₹50 per transaction would be applicable for Cash Deposits through Cash Recycler Machines during 11 PM to 7 AM on all calendar days. |
||
| Cash Withdrawal | ||
| Cash Withdrawal-Home Branch | Free at Home Branch | |
| Cash Withdrawal-Non-Home Branch-Intracity & Intracity | Free cash withdrawal upto ₹ 50,000 per day beyond which charges @ ₹ 2/1000, min ₹ 50 per transaction. Third party cash withdrawal allowed only up to maximum ₹ 50,000 per transaction. |
|
| Miscellaneous | ||
| Balance enquiry | Free | |
| TDS certificate | Free | |
| Balance confirmation | ₹100 | |
| Interest certificate | ₹100 | |
| Cheque Status per instance | Free | |
| Photo verification | ₹100/- per instance | |
| Address confirmation | Free | |
| Signature verification | ₹100 per instance | |
| ECS (Debit) Return Charges (Quarterly Charges) |
Upto 3 returns - ₹ 350 instance 4th return onward ₹750 instance |
|
| Setting up of Standing Instructions | Nil | |
| Any Deliverable returned by courier due to negative reasons (no such consignee/ consignee shifted and no such address) | ₹50 per instance | |
| Re-generation of Phone Banking TIN (request received at branch for physical dispatch) | Free | |
| SI rejects | Up to 3 returns - ₹250/instance 4th return onward ₹750/ instance |
|
| Old Records / Copy of Paid Cheque | ||
| ₹200 per record | ||
| Common Charges for Debit / ATM Cards | ||
| Replacement of damaged card | Free | |
| Replacement of lost card | ₹200/- | |
| Copy retrieval request | ₹100/- | |
| Re-Issuance of PIN | ₹50 (plus taxes) | |
| ATM Usage | ||
| ATM transactions at HDFC Bank ATM | Unlimited Free | |
| ATM transactions - Financial and non-Financial at HDFC Bank ATM | Maximum of 5 transactions free in a month with a cap of maximum 3 free transactions in top 6 cities at non-HDFC Bank ATM. Note: Transactions done in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad ATMs will be considered as top 6 cities. |
|
| Stop Payment Charges | ||
| Particular cheque | ₹100 (Free through Net Banking and Phone Banking) | |
| Range of cheques | ₹200 (Free through Net Banking and Phone Banking) | |
| Account Closure: | ||
| Up to 14 days | No Charge | |
| 15 days to 6 months | ₹1,000/- | |
| 6 months up to 12 months | ₹500/- | |
| Beyond 12 months | No Charge | |
| Activation of Dormant /inoperative account | No Charge | |
| InstaAlert / Mobile Banking | ||
| Insta Alert | Nil | |
| Transactions through PhoneBanking: | ||
| Interactive Voice Response (IVR) | Free | |
| Non-IVR-Agent assisted> | Free | |
| Charges on all IMPS Outgoing transactions: | ||
| Up to ₹ 1000 | ₹2.50 per transaction |
| Above ₹ 1000 up to ₹1 Lakh | ₹5 per transaction |
| Above ₹ 1 Lakh up to ₹2 Lakh | ₹15/- per transaction |
Download Fees & Charges effective 1st August’25
Click here to view Fees and Charges for Merchant Advantage Plus Current Account before 1st January' 2016
Click here to view change in Fees and Charges for Merchant Advantage Plus Current Account before 1st March’ 2015
Click here to view Fees and Charges for Merchant Advantage Plus Current Account before 1st December, 2014
Click here to view Fees and Charges for Merchant Advantage Plus Current Account before 1st November 2013
Click here to view charges applicable before 1st September, 2010
Download Fees and Charges effective 1st November'22
Download fees and charges effective 1st October'23
Download Fees & Charges effective 1st December'24
Click here to read the Terms and Conditions of Merchant Advantage Plus Current Account.
Frequently Asked Questions
A Merchant Advantage Plus Account is a premium business account offering enhanced features and services for merchants, including advanced payment processing and financial management tools.
The account limits may vary, but typically include higher transaction and withdrawal limits compared to standard business accounts.