Additional Benefits
Wondering if you are eligible?
More About RERA Current Account
HDFC Bank offers a tailored solution for RERA-registered real estate developers, designed to ensure full regulatory compliance and ease of fund management.
Zero balance commitment, with no hidden fees or account maintenance charges.
Customisable account number, project-specific accounts, and integrated Fixed-Deposit options as per state-specific RERA directions.
Seamless 70:30 sweep setup as mandated by RERA regulations, helping to simplify fund segregation and project tracking.
Fully digital collection and payment solutions, including POS, QR, mobile, and NetBanking—backed by expert support and escrow services.
With the HDFC Bank RERA Current Account, you get access to a suite of value‑added services designed to support your real estate development needs:
Project Insurance Solutions tailored to safeguard construction and assets.
Custom Loan Options & Working Capital Finance to support project funding requirements.
Doorstep Banking including convenient cash or cheque pickup and delivery
Dedicated Escrow Support & Specialist Guidance for seamless fund management and compliance.
Enhanced Digital Tools for collections, payments, tracking, and Fixed Deposit sweeps, customised to your project’s needs.
Experience seamless digital banking for your RERA-linked Expense Account through HDFC Bank’s Mobile Banking and NetBanking platforms. You can monitor all transactions in real‑time, download statements on-demand, and use HDFC’s ENet digital solution—designed for businesses, for streamlined payments and collections.
Promoters or developers can apply for the HDFC Bank RERA Current Account if their real estate project is registered, or eligible to be registered under the RERA Act, 2016, with the state or union territory RERA authority. Registered projects include:
Residential developments
Commercial infrastructure projects (e.g., shops, offices, godowns)
Ongoing projects still awaiting completion certificates
Plot sale projects
Under Section 3(2) of the RERA Act, the following types of projects are exempt from mandatory registration:
Projects on land ≤ 500 sq m or involving ≤ 8 apartments (inclusive of all phases)
Projects that received a Completion Certificate before 1 May 2017 (pre-RERA roll-out)
Renovation, repair, or redevelopment works that do not involve marketing, allotment, or sale of any units
*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.
Frequently Asked Questions
A RERA Current Account ensures 70% of buyer payments are held securely in an Escrow Account, preventing fund diversion and ensuring money is used strictly for project construction. It promotes timely project delivery, enforced through regulated withdrawals tied to progress certifications from engineers, architects, and CAs.
Yes, you can access and manage your RERA Current Account online via HDFC Bank’s ENet, Mobile Banking, and NetBanking services. You can Track your account transactions and download account statements anytime, anywhere.
The Real Estate (Regulation and Development) Act, 2016 mandates developers to have a RERA (Real Estate Regulated Authority) Account for project fund management. A developer must deposit 70% of project receivables from the allottees into the designated project account. This ensures that the funds are used solely for land acquisition and construction costs. Withdrawals from these accounts can only be made based on project completion stages which are certified by a project engineer, architect and chartered accountant. These accounts must be audited annually, with reports submitted to the RERA authority. Non-compliance with RERA Account can result in penalties, compensation to buyers and freezing of the project account.
A RERA Account can be opened by real estate developers or promoters of residential, commercial or plot-sale projects registered (or to be registered) under the RERA Act, 2016. These projects must be registered with the respective state or union territory RERA/RERA authority.
A RERA Account ensures that funds collected from buyers are used solely for the project they invested in. This prevents fund diversion, ensures timely project completion and builds trust by aligning with RERA regulations designed to protect buyer interests.
Money can be withdrawn from a RERA Bank Account only in proportion to the project’s completion stage. Withdrawals must be certified by a chartered accountant, engineer and architect to ensure that the funds are used for project-specific purposes as per RERA rules.