Regular Collection Account

What’s in store for you

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More benefits than ever before

Account Benefits:

  • Free Cash Deposit up to ₹2 Lakh per month or 25 transactions, whichever is breached first at any HDFC Bank Branch / Cash Recycler Machines

  • Free 50 Bulk Transactions per month

  • Daily settlement of funds at beginning of day to Primary lending bank via NEFT/RTGS

  • Free local or intercity cheque collection across all HDFC Bank locations

  • Get instant alerts on your transactions through our InstaAlert service

  • Cheque book & ATM/Debit card facility is not allowed

Digital Benefits:

  • Enjoy free collection of funds through RTGS / NEFT / IMPS / POS / QR / Payment Gateway

Wondering if you are eligible?

You can open a Regular Collection Account if you fall under any of the following categories:

  • Resident Individual
  • Hindu Undivided Family​
  • Sole Proprietorship Firms
  • Partnership Firms
  • Limited Liability Partnership Firms
  • Private and Public Limited Companies
  • Note: Customer is eligible to open Regular Collection Account in line with RBI guidelines dated 06/08/2020 on “Opening of Current Accounts by Banks - Need for Discipline” Circular Ref no. RBI/2020-21/20 DOR.No.BP.BC/7/21.04.048/2020-21
Startup Current Account

More About Regular Collection Account

Fees & Charges

Enclosed below are HDFC Bank Regular Collection Account fees and charges:

  • Average Quarterly Balance (AQB): ₹10,000/-   
    Non-Maintenance Charges (per quarter): ₹1,500/- 

  • Note: Cash deposit limits will be revoked if the maintained AQB falls below 75% of the required product AQB. 

Cash Transactions  

  • Combined Cash Deposit Limit @ any HDFC Bank Branch/Cash Recycler Machines: Deposit up to ₹2 Lakh cash free per month or 25 transactions, whichever is breached first at any HDFC Bank Branch; Charges at ₹4 per ₹1000, minimum ₹50 per transaction beyond free kimit.  

  • Cash Deposit in Low Denomination Coins and Notes i.e. ₹20 and below @ any HDFC Bank Branch (per month):
    Cash deposit in notes = chargeable at 4% of cash deposit in low denomination notes
    Cash deposit in coins = chargeable at 5% of cash deposit in coins

  • Operational Limit for Cash Deposit at Non-Home Branch (per day): ₹10,000

Non-Cash Transactions

  • Local & Intercity Cheque Collection: Free

  • Bulk Transactions*- Monthly Freev Limits: Free up to 50 transactions. Charges ₹35/- per transaction beyond free limits 

Click here to view the details of the fees and charges.

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Account Details

  • Free Cash Deposits up to ₹2 Lakh per month at any HDFC Bank Branch / Cash Recycler Machines.
  • local / intercity cheque collection across HDFC Bank branch locations.

  • Daily settlement at the beginning of day (BOD) to the primary lending bank via NEFT/RTGS.

  • Cheque book and ATM/Debit Card facilities are not available.

  • NetBanking access is view-only, offering secure account visibility without transaction rights. 

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Most Important Terms & Conditions

  • *The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.
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Frequently Asked Questions

Yes, the HDFC Bank Regular Collection Account offers free cash deposits up to ₹2 Lakh per month or 25 transactions, whichever is earlier. Free local and intercity cheque collections are also available across HDFC Bank branches. Beyond free limits, cash deposit charges apply at ₹4 per ₹1,000, with a minimum fee of ₹50 per transaction. These benefits are subject to maintaining the required Average Quarterly Balance of ₹10,000.

Yes, the HDFC Bank Regular Collection Account has specific requirements regarding the maintenance of the Average Quarterly Balance (AQB). If the AQB falls below the required ₹10,000, the following penalties apply:
 

  • Non-Maintenance Charges (NMC): ₹1,500 per quarter

  • Free Transaction Limits: All free transaction limits, including cash deposits and bulk transactions, will lapse if the AQB maintained is less than 75% of the required ₹10,000

The HDFC Bank Regular Collection Account is ideal for businesses and professionals with frequent collections and multiple payment channels. It suits retail traders, distributors, service providers, and small to medium enterprises seeking streamlined fund aggregation and efficient cash flow management.

Customer is eligible to open Regular Collection Account in line with RBI guidelines dated 06/08/2020 on “Opening of Current Accounts by Banks - Need for Discipline” Circular Ref no. RBI/2020-21/20 DOR.No.BP.BC/7/21.04.048/2020-21

AQB Requirement – ₹10,000/-

NMC charges: ₹1,500/- (per quarter)

  • Free Cash Deposits up to ₹2 lakh or 25 transactions (whichever is breached first) at any HDFC Bank Branches / Cash Recycler Machines

  • Free local or intercity cheque collection across all HDFC Bank locations.

  • 50 free Bulk transactions per month

  • Free collection of funds through RTGS and NEFT

Free Cash Deposits up to ₹2 lakh per month or 25 transactions (whichever is breached first) at any HDFC Bank Branches / Cash Recycler Machines.

50 free Bulk transactions per month are offered.

(Note: Bulk transactions include all Local & Anywhere clearing and Fund transfers)