Fees and Charges of Ultima Current Account
Enclosed below are HDFC Bank ULTIMA Current Account fees and charges
| Description of Charges | Ultima Current Account |
|---|---|
| Average Quarterly Balance | ₹20 lakh (AQB) |
| Non-Maintenance Charges (per Quarter/Month/half yearly) | ₹10 lakh and above - ₹10,000 per quarter Less than ₹10 lakh - ₹15,000 per quarter |
| Remittances using Cheque/Fund Transfer: | |
|---|---|
| Local Transactions (At home branch location) | |
| Local cheques collections and payments | Free for unlimited value |
| Account to Account Fund Transfer within HDFC Bank | Free for unlimited value |
| Intercity Transactions | |
|---|---|
| Account to Account Fund Transfer within HDFC Bank | Free for unlimited value |
| Intercity Cheque Payments at HDFC Bank Locations (Outside Home Branch City) | Free for unlimited value |
| Clearing Transactions- Collections at HDFC Bank Locations | Free for unlimited value |
| Bulk Transaction Charges: | |
|---|---|
| Bulk Transactions (Monthly Limit) | Free up to 2000 transactions; Charges @ ₹35 per transaction beyond free limits |
| Transaction Charge for remittances | All above transactions are subject to a maximum of 2000 transaction per month beyond which charges at₹30 per transaction would be levied. Includes all Local/Anywhere clearing and funds transfer transactions |
| Demand Drafts (DD) and Pay Orders (PO): | |
|---|---|
| Pay Orders payable on HDFC bank Locations (Issued from any branch) | Free |
| Demand Drafts payable on HDFC bank Locations (Issued from any branch) | Free |
| Demand Drafts Payable on Non-Branch Locations (Correspondent Bank tie-up) | Free up to ₹30 lakh per month beyond which charges at ₹2 per 1000; minimum of ₹50 per instrument |
| DD/PO-Cancellation | ₹60 per instance |
| DD/PO at Bank location | Unlimited Free |
| NEFT and RTGS: | |
|---|---|
| NEFT Payments | Free |
| NEFT Collections | Free |
| RTGS Payments | Free |
| RTGS Collections | Free |
| Outstation Cheque Collection | |
|---|---|
| Outstation Cheque Collection at HDFC Bank Locations | Free |
| Outstation Cheque Collection at Correspondent Bank Locations | Instrument Value: Up to ₹35,000: ₹50 Above ₹35,000 and up to ₹1 lakh: ₹100 Above ₹1 lakh: ₹150 *per instrument |
| Outstation Cheque Collection at Clean Locations (Non-Correspondent Bank Locations) and Non-MICR Cheques | Instrument Value: Up to ₹25,000: ₹50 Above ₹25,000 and up to ₹1 lakh: ₹100 Above ₹1 lakh: ₹150 *per instrument |
| Collections through Speed Clearing | Free |
| Cash Deposit | |
|---|---|
| Combined Cash Deposit at Home Location, Non-Home Location & Cash Recycler Machines** (Monthly Free Limit) | Higher of ₹250 Lakh and 8 times the previous month AMB or 100 transactions, whichever is breached first; Beyond free limits, standard 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) | 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 -Non-Home branches | Max Cash Deposit limit at non-home branches is subject to a limit of ₹5 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 |
| Cash Withdrawal - Non-Home Branch | ₹75 lakh per month |
| Cheque Book Charges | |
|---|---|
| Cheque Book Charges (Issued by Bank) (Customer can request for maximum 100 cheque leaves through NetBanking. For requests above 100 cheque leaves customer needs to visit the branch.) |
Payable at par cheques. Free 1500 cheque leaves per month. Charges ₹3 per leaf beyond 1500 leaves |
| Free Monthly Cheque Leaves | 1500 |
| 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 *Transactions done in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad ATMs will be considered as top 6 cities. |
| Charges on all IMPS Outgoing transactions: | |
|---|---|
| Up to ₹1,000 | ₹2.50 per transactions |
| Above ₹1,000 up to ₹1 Lakh | ₹5 per transactions |
| Above ₹1 lakh up to ₹2 Lakh | ₹15 per transactions |
| DEBIT CARDS (only for Individuals and Sole Proprietorship) | ||
|---|---|---|
| Debit Card | Business# | ATM Card |
| Annual Fee per card | ₹250 | Free |
| Daily ATM limit | ₹1 lakh | ₹10,000 |
| Daily Merchant Establishment Point of Sale limit | ₹5 lakh | NA |
| # Also available for partnership firms and limited company current accounts. In case, the MOP (Mode of Operation) is conditional, all AUS (Authorized Signatories) must sign the form jointly. | ||
| Regular – Add On | Annual Fee Waived for the first year for additional card . Subsequent cards will be charged at Rs.100 p.a. |
| Gold – Add On | ₹500 p.a |
| Woman's – Add On | ₹100 p.a |
| Platinum's – Add On | ₹500 p.a |
| Titanium's – Add On | ₹250 p.a. |
| Transaction declined at other Bank' ATM or Anywhere in the world or at a merchant outlet outside India due to insufficient funds will be charged at ₹25 per transaction. The bank will charge a cross-currency mark-up of 3% on foreign currency transactions carried out on debit cards. | |
| Common Charges for all products: | |
|---|---|
| Cheque Return Charges | |
| Cheques Drawn on us | |
| Due to Insufficient Funds | Up to 2 instruments per month ₹500 per instrument on 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.) |
| Cheque deposited returned unpaid | Local and Outstation - ₹200 instrument Free limit: Up to 5 return per month |
| Stop Payment Charges: | |
|---|---|
| Particular Cheques | ₹100 (Free through NetBanking and PhoneBanking) |
| Range of cheques | ₹200 (Free through NetBanking and PhoneBanking) |
| Account statement | Free (Monthly) |
| Fax of last nine transactions statement through PhoneBanking | Free |
| Duplicate/Adhoc Statement | |
|---|---|
| Requests through Direct Banking Channels | ₹50 per statement through ATM/MobileBanking/NetBanking and PhoneBanking (IVR) |
| At branch or PhoneBanking (Non-IVR) | ₹100 per statement through Branch; ₹75 per statement through PhoneBanking (Non-IVR) |
| Account Closure: | |
|---|---|
| Up to 14 days | No Charge |
| 15 days to 6 months | ₹2,000 |
| 6 months up to 12 months | ₹1,000 |
| Beyond 12 months | No Charge |
| Deliverables Related Charges | |
|---|---|
| Any deliverable returned by courier due to negative reasons (no such consignee/ consignee shifted and no such address) | ₹50 per instance |
| Standing Instructions | |
|---|---|
| Setting up of Standing Instructions | Nil |
| Standing Instructions rejects | Up to 3 returns - 250/instance 4th return onward 750/instance |
| ECS (Debit) Return Charges (Quarterly Charges) |
Up to 3 returns - ₹350/ instance 4th return onward ₹750 /instance |
| Old Records / Copy of Paid Cheque |
|---|
| ₹200 per record |
| Transactions through PhoneBanking: | |
|---|---|
| Interactive Voice Response (IVR) and Agent assisted | Free |
| Re-generation of PhoneBanking (TIN) at branch or PhoneBanking | Free |
| Bill Pay and InstaAlert | |
|---|---|
| Bill Pay | Free |
| InstaAlert | Nil |
| Account Services at Branch: | |
|---|---|
| Balance Inquiry | Free |
| TDS Certificate | Free |
| Balance Confirmation Certificate | ₹100 |
| Interest Certificate | ₹100 |
| Cheque Status per instance | Free |
| Signature Verification | ₹100 |
| Address Confirmation | Free |
| Photograph verification | ₹100 |
| Doorstep Banking | |
|---|---|
| Cash Pick up charges (within municipal limits) | |
| Up to ₹1 lakh | ₹200 per pickup |
| Beyond ₹1 lakh and up to ₹2 lakh | ₹225 per pickup |
| Beyond ₹2 lakh and up to ₹4 lakh | ₹350 per pickup |
| Cash pick-up facilities beyond the above limits can be offered. For further details on charges please contact your branch manager. | |
| Once a day free cheque pickup, beyond which cheque pick up charges** are applicable | |
All charges are exclusive of GST as applicable from time to time
+For accounts maintaining an AQB less than ₹20 lakh as of previous quarter will be charged ₹25 each for next 3 monthly statements
** For cheque pickup requirement beyond once a day, please contact your branch manager
# Also available for partnership and limited company current accounts which have operating instructions 'singly'
$ Available at select locations. You need to register with the bank to use these services. Please contact your branch manager for further details.
NOTE:
- Mode of calculation of minimum account balance: Average of daily balances of each day spread over a period of three months (Calendar Quarter)
- Value added services such as cheque printing, continuous stationary, bulk DD etc will be chargeable. Please contact your branch manager for further details.
Fees and Charges (Past Records)
Download Fees & Charges effective 1st August’25
Click here to view Fees and Charges for Ultima Current Account before November 1, 2022
Click here to view Fees and Charges for Ultima Current Account before January 1, 2016
Click here to view change in Fees and Charges for Ultima Current Account before March 1, 2015
Click here to view Fees and Charges for Ultima Current Account before December 1, 2014
Click here to view Fees and Charges for Ultima Current Account before November 1, 2013
Download Fees and Charges effective 1st November'22
Download fees and charges effective October 1, 23
Download Fees & Charges effective 1st December'24
Click here to read the Terms and Conditions of Ultima Current Account.