Biz Elite Account

What’s in store for you?

CBX Internet Banking

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More benefits than ever before

Account Benefits

  • AQB Waiver with ₹15 Lakh+ quarterly transactions via Soundbox/PoS*

  • Up to 15x Free Cash Deposit on your Account Balance*

  • Free Business & Payment Protection Insurance up to ₹10 Lakhs*

Digital Benefits

  • Zero Non-Maintenance Charges for 2nd Quarter of Account Opening, if customer is Digitally Active. Digital Activation comprises of Debit Card Activation (on ATM or PoS), Bill Pay, NetBanking or MobileBanking active within first 2 months of account opening.

  • Enjoy Unlimited free NEFT, RTGS, IMPS transactions.

  • Instant bulk payments for vendors, taxes, salaries etc. with Corporate Internet Banking.

+ Additional Benefits:

  • Rental waiver on Soundbox / PoS basis monthly volume*

  • BizBlack Credit Card: Save up to ₹4.4 Lakhs* + 1st year fee waiver (₹1.5 Lakhs spends / 90 days of issuance)*

  • Up to 40% off on business spends via SmartBuy BizDeals*

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Additional Benefits

Wondering if you are eligible?

You are eligible to open Biz Elite+ Account if you fall under the following constitutions: 

  • Resident Individual
  • Hindu Undivided Family​
  • Sole Proprietorship Firms
  • Partnership Firms
  • Limited Liability Partnership Firms
  • Private and Public Limited Companies
Startup Current Account

More About Biz Elite+ Account

Fees & Charges

Enclosed below are HDFC Bank Biz Elite+ Account Fees & Charges: 

Average Quarterly Balance (AQB):

  • Metro & Urban: ₹5,00,000

  • Semi-Urban & Rural: ₹2,50,000

Non-Maintenance Charges (per quarter):

  • Metro & Urban: ₹8,000

  • Semi-Urban & Rural: ₹4,000

Zero Non-Maintenance Charges (NMC) Criteria*: 
No NMC will be levied if the Quarterly Credit Volume through Merchant Establishment (ME), Payment Gateway (PG), or Mobile POS (MPOS) is ₹15 lakh or more.

Cash Transactions

  • Combined Cash Deposit Limit at Home Location, Non-Home Location & Cash Recycler Machines (per month): Free up to ₹75 Lakh per month or 15 times of Current Month AMB, whichever is higher (Upper Cap - ₹75 Crore)

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

  • Operational Limit for Cash Deposit at Non-Home Branch (per day): ₹5,00,000
  • Cash Withdrawals at Home Branch: Unlimited Free
  • Cash Withdrawals at Non-Home Branch (per month): Free up to 15 times of Current Month AMB* (Upper Cap – ₹75 crore)

Non-Cash Transactions

  • Local & Intercity Cheque Collection/Payments and Fund Transfers: Free

  • Total Transactions* – Monthly Free Limits: Free

  • Demand Drafts (DD) / Pay Orders (PO) at Bank Location: Unlimited and free

  • Cheque Leaves – Monthly Free Limits: Unlimited Free

*Total transactions includes Cash Deposit, Cash Withdrawal, Cheque Clearing and Fund Transfer Transactions

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

Card Reward and Redemption

Added Delights

  • Complimentary Business Insurance up to ₹10,00,000* & Payment Protection Insurance up to ₹4,00,000*. Click Here to know more details.
  • Unlock balance commitment waiver on accounts with quarterly transaction volume of ₹15 lakh or more through POS / SmartHub Vyapar App / Payment Gateway.
  • Enjoy monthly rental waiver on POS with a transaction volume of ₹3 lakh* at Metro & Urban locations, ₹2 lakh* at SURU locations.
  • Get an annual fee waiver on the Business Credit Card for the first year upon meeting the spend criteria*
  • Save up to ₹4.4 Lakhs annually with BizBlack Credit Card*
  • Get Working Capital Loan for business diversification*
  • Nil foreign bank charges on overseas remittances in USD, GBP and EUR.
  • Enjoy up to 40% off on business purchases via SmartBuy BizDeals*

*Terms & Conditions Apply 

Card Reward and Redemption

Merchant Solutions

  • Enjoy cashless & seamless Banking through Digital Products i.e. ME / MPOS / MEAPP / BHIM UPI / Bharat QR or Payment Gateway .
  • Zero Non-Maintenance Charges, if credit transaction value through ME / PG / MPOS is either more than or equal to ₹15 lakh in any quarter .
  • Enjoy monthly rental waiver on POS with a transaction volume of ₹3 lakh* at Metro & Urban locations, ₹2 lakh* at SURU locations.
  • Zero Non-Maintenance Charges for 2nd quarter of account opening, if customer is Digitally active. Digital Activation comprises of Debit Card Activation (on ATM or POS), Bill Pay usage and NetBanking or MobileBanking active within first 2 months of account opening .
  • Avail ME / PG / MPOS / QR / UPI based solutions through SmartHub Vyapar App, MobileBanking, PayZapp etc. 

*Terms & Conditions Apply 

Card Reward and Redemption

Digital Banking Services

  • Easy access and transaction processing through ‘NetBanking for Business’ – An innovative banking solution for Business customers. Below highlighted are the key features:
  • All in one view of all accounts 
  • Manage Inputter-Authorizer Task 
  • Add Bulk Beneficiaries and Bulk Payments 
  • Easy and Instant Digital Invoice Creation
  • Automate GST Calculation & Filing 
  • Exclusive Integration with Tally and Zoho 
  • Manage Working Capital Limits 
Card Management & Control

Additional Services for Convenience

 

  • Transactions enabled through Internet, NetBanking, MobileBanking, Branch, Phone Banking, IVR & Non IVR (Asset Assisted) and HDFC Bank ATM 
  • All Cheque transactions i.e. Payment & Collections being local/anywhere or Fund Transfer within HDFC Bank and Cheque pick up services 
  • Insta Alert, Bill Pay and Standing Instructions (Set up)
  • Outstation Cheque Collection at HDFC Bank Branch/Speed Clearing
  • Doorstep banking services – cash and cheque pick up offered at select locations
  • Free Business Debit Card 
  • Enjoy benefits on Business Debit Card: 
    • Get up to ₹9000 CashBack every year, 5% on Tax payment & 1% CashBack on select retail and online shopping 
    • Spend based complimentary lounge access at select domestic airports twice per calendar quarter 
    • Up to ₹10 lakh Personal Accidental Death Cover (Rail/ Road/ Air) 
    • International Air Coverage of flat ₹1 crore on purchase of air ticket using your Business Debit Card 
    • ₹5 lakh for retail / online shopping and ₹1 lakh for ATM withdrawals
  • For more details, you may click here to read this in detail. 

*Terms & Conditions Apply 

 

Redemption Limit

Most Important Term & Condition

*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.

MITC

Frequently Asked Questions

HDFC Bank Biz Elite+ Account is a Current Account Variant designed for Large sized businesses in the diversification stage, looking to expand their reach into new horizons. Basis the applied conditions & eligibility criteria, it offers higher cash transaction limits, special benefits under premier banking program*, insurance cover at concessional rates, special deals on cards & asset solutions*

Biz Elite+ Account is designed for Large sized businesses having multi scale operations; expanding across verticals or geographies

For Metro & Urban Locations: ₹5,00,000/-; For Semi Urban & Rural Locations: ₹2,50,000/- 

  • Zero Non-Maintenance Charges, if Quarterly Credit Volume through ME/PG/MPOS is either more than or equal to ₹15 Lacs. 

  • Zero Non-Maintenance Charges for 2nd quarter of account opening, if customer is Digitally active. Digital Activation comprises of Debit Card Activation (on ATM or POS), Bill Pay usage and NetBanking or MobileBanking active within first 2 months of account opening. 

  • Free Cash Deposit (at any HDFC Bank Branch / Cash Recycler Machines) of up to ₹75 Lakh per month or 15 times of Current Month AMB*, whichever is higher

  • Cash Withdrawals free up to 15 times of Current Month AMB* at HDFC Bank Non-Home Branch

  • RTGS, NEFT and IMPS transactions free through Branch and NetBanking. 

  • Balance commitment waiver basis ₹15 lakh or more quarterly volumes through ME / PG / MPOS

Free Cash Deposit (at any HDFC Bank Branch / Cash Recycler Machines) of up to ₹75 Lakh per month or 15 times of Current Month AMB*, whichever is higher (Upper Cap - ₹75 Crore)

Cash Withdrawals are free at Home Branch; Free up to 15 times of Current Month AMB* (Upper Cap – ₹75 crore) At Non Home Branch. Beyond Free Limits chargeable at ₹2 per ₹1,000, minimum ₹50 per transaction. 

Unlimited free per month at Bank Locations 

Unlimited Free Cheque Leaves per month 

Unlimited free per month

Free RTGS, IMPS and NEFT transactions through Branch and NetBanking 

Bank anytime, anywhere in person at a branch or ATM, from your laptop or mobile. Click here for more details.