You are eligible to open a Regular Collection Account if you fall under any of the following categories:
Resident Individual
Hindu Undivided Family (HUF)
Sole Proprietorship Firm
Partnership Firm
Limited Liability Partnership (LLP)
Private Limited Company
Public Limited Company
Note: Customers are eligible to open a Regular Collection Account in accordance 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).
Click here to learn more about the HDFC Bank Regular Collection Account.
Disclaimer: Terms and conditions apply. HDFC Bank Regular Collection Account approvals are at the sole discretion of HDFC Bank Limited and are subject to documentation and verification as per the Bank's requirements. Interest rates are subject to change. Please check with your RM or the closest bank branch for current interest rates.
You can open an HDFC Bank Regular Collection Account if you're a resident individual, HUF, sole proprietorship, partnership firm, LLP, or a private/public limited company. Eligibility is also subject to compliance with the RBI’s current account guidelines issued on 6th August 2020.
Yes, LLPs are eligible to open an HDFC Bank Regular Collection Account, provided they comply with RBI’s specified conditions under the 2020 guidelines related to current account discipline and fund usage norms.
With an HDFC Bank Regular Collection Account, you receive real-time transaction alerts via InstaAlert. This helps you monitor incoming payments and stay updated on your account activity without needing full access to NetBanking services.
The HDFC Bank Regular Collection Account provides view-only NetBanking access. You can check balances and view transactions, but you won’t be able to perform fund transfers or other interactive online banking operations.
No, the HDFC Bank Regular Collection Account does not include ATM/debit card or chequebook facilities. It is designed mainly for collecting funds digitally and settling them with your primary lending bank.
You can deposit up to ₹2 lakh per month free of charge at any HDFC Bank branch with the Regular Collection Account. This limit helps businesses manage their physical collections without incurring extra charges.
The HDFC Bank Regular Collection Account ensures that collected funds are transferred daily to your primary lending bank via NEFT or RTGS. This automatic end-of-day settlement supports better liquidity and financial planning for your business.