What’s in store for you
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Financing options
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Loan Perks
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Most Important Term & Condition
Fees & Charges
Processing Fees
Up to 1% (plus taxes) of the facility amount or ₹7,500/- (plus taxes) whichever is higher.
₹5,000/- (plus taxes) will be collected upfront as non-refundable administrative cost towards the legal and valuation expenses incurred prior loan sanction. For Shopkeeper Loan (unsecured): Up to 2% (plus taxes) of the facility amount. No Processing Fee & Renewal Fee will be charged for the cases worth CAM value up to ₹5 lakh.
Renewal Fees
Up to 1% (plus taxes) of facility amount.
Default Interest
Charged @ 18.00% p.a. for overdue / default in CC/OD accounts.
Service Tax & other Government taxes
Service Tax and other Government taxes, levies etc. applicable as per prevailing rate will be charged over and above the Fees and Charges
Please Note:
Loan at the sole discretion of HDFC Bank Ltd.
Floating rates are linked to Repo as declared by RBI from time to time. Such loans/ facilities are reset at 3-month frequency.
** All Guaranteed Emergency Credit Line (GECL) Products are linked to HB_EBLR rate.
| Type of Charge | Features | MSME - Flexi Line | MSME - Flexi Plus / MSME – Flexi Prime |
|---|---|---|---|
| Cash Transactions | Combined Cash Deposit at Home Location, Non-Home Location & (Monthly Free Limit) |
Free up to ₹2 Lakh or 25 transactions (whichever is breached first) at any HDFC Bank Branch; |
Free up to ₹12 Lakh or 50 transactions (whichever is breached first) at any HDFC Bank Branch; |
| 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 |
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 Branch (Per Day) | ₹ 10,000 | ₹ 1,00,000 | |
| Cheque Leaves, Cheque / Fund Transfer (FT) - Collection & Payments | Local / Intercity Cheque Collection/Payments & Fund Transfer | Free | Free |
Bulk Transactions – Monthly Free Limit* |
Free up to 50 transactions; Charges @ ₹35 per transaction beyond free limits |
Free up to 250 transactions; Charges @ ₹35 per transaction beyond free limits | |
| Cheque Leaves – Monthly Free Limit | Charges @ ₹ 3 per leaf | Free up to 300 cheque leaves Charges beyond free cheque leaves - ₹3 per leaf |
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| Outstation Cheque Collection | Outstation Cheque Collection at Clean Location (Per Instrument) | Up to ₹5,000: ₹25 ₹5,001 - ₹10,000: ₹50 |
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| Cheques Deposited and Returned Unpaid | Local and Outstation |
₹200 per instrument |
Free Up to 3 returns per month; After free limit ₹200 per instrument |
| Cheque Return Charges - Drawn on Us | Due to Insufficient funds | Up to 2 instruments per month ₹500 per instrument; on 3rd onwards ₹750 per instrument | Up to 2 instruments per month ₹500 per instrument; on 3rd onwards ₹750 per instrument |
| Due to technical reasons* | ₹50 per instrument (e.g. - Date not mentioned, post-dated, sign mismatch,etc. | ₹50 per instrument (e.g. - Date not mentioned, post-dated, sign mismatch,etc. | |
| Stop Payment | Particular Cheque ₹100 Range of Cheques ₹200 (Free through NetBanking and PhoneBanking) | Particular Cheque ₹100 Range of Cheques ₹200 (Free through NetBanking and PhoneBanking) | |
| Fund Transfer | ₹350 per instrument | ₹350 per instrument | |
| Demand Drafts and Pay Orders | Demand Drafts (DD)/Pay Orders (PO) @ Bank Location | No free limit Charges ₹ 1 per ₹ 1,000 |
Free up to 50 DD/PO per month Charges beyond free limit: ₹1 per ₹1,000; |
| Demand Drafts (DD) @ Correspondent Bank Location | Charges @ ₹ 2 per ₹ 1,000 |
₹2 per ₹1,000; Minimum ₹50 per instrument |
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| NEFT / RTGS / IMPS Transactions | NEFT Payments |
Free on NetBanking & Mobile Banking; Branch Banking =
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Free on NetBanking & Mobile Banking; Branch Banking = |
| RTGS Payments | Free on NetBanking & Mobile Banking; Branch Banking = |
Free on NetBanking & Mobile Banking; Branch Banking = |
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| IMPS Payments | Up to ₹ 1,000 - ₹2.5 per transaction Above ₹1000 up to ₹1 Lakh - ₹ 5 per transaction |
Up to ₹ 1,000 -₹2.5 per transaction Above ₹1000 up to |
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| NEFT / RTGS / IMPS Collections | Any Amount | Free | Free |
| Account Closure Charges | Closure Period - Up to 14 days | No Charge |
No Charge |
Closure Period - 15 days to 6 months |
₹ 500 |
₹ 1000 | |
Closure Period - 6 months to 12 months |
₹ 500 | ₹ 500 | |
Closure Period - Beyond 12 months
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No Charges |
No Charge | |
| Account Services | Balance Inquiry* | Free | Free |
Cheque status per instance* |
Free | Free | |
| Balance Confirmation Certificate & Interest Certificate* | ₹ 100 | ₹ 100 | |
| Signature, photograph Verifications* | ₹ 100 | ₹ 100 | |
| TDS Certificate & Address Confirmation* | Free | Free | |
| Old Records/Copy of Paid Cheque* | ₹200 per instance | ₹200 per instance | |
| Standing Instructions (Monthly Charges) | Setting Up: Nil | Setting Up: Nil | |
| Any deliverable returned by courier due to negative reasons (no such consignee/ consignee shifted and no such address) | ₹50 per instance | ₹50 per instance | |
| One time Mandate Authorisation charges (Physical/Online) | ₹40 per mandate | ₹40 per mandate | |
| *Account Services at Branch | |||
| Transaction Through PhoneBanking | IVR & Non IVR (Agent Assisted) | Free | Free |
| Bill Pay and InstaAlert | Bill Pay | Free | Free |
| InstaAlert | Email Free SMS - 20 paise / SMS (charged on monthly basis) |
Email Free SMS - Free* |
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| Duplicate / Adhoc Statement Requests | (i) Through Direct Banking channels |
₹50 per statement through NetBanking, MobileBanking, PhoneBanking (IVR), ATM | ₹50 per statement through NetBanking, MobileBanking, PhoneBanking (IVR), ATM |
| (ii) At Branch or PhoneBanking (Non - IVR) | ₹100 per statement through Branch and ₹75 through PhoneBanking (Non-IVR) | ₹100 per statement through Branch and ₹75 through PhoneBanking (Non-IVR) |
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| Doorstep Banking | Cash Pickup Limit | Per Seal Bag Cash pickup Charges | Per Seal Bag Cash pickup Charges |
| Daily Merchant Establishment Point of Sale limit | ₹350 per pickup | ₹350 per pickup | |
| GST is applicable. Cash Beyond above limits can be offered. Available at select locations. You need to register with the Bank for availing these services. Charges may vary depending upon the location. Please contact your branch manager for further details | |||
| ACH Return Charges | 1 to 3 transactions in a month | ₹350 per transaction | ₹350 per transaction |
| Fourth instance and beyond | ₹750 per transaction |
₹750 per transaction | |
| ECS (Debit) Return / Demand Draft | Pay Order Cancellation/ Revalidation / Standing Instruction Charges | ECS (Debit) Return Charges (Quarterly Charges) |
Up to 3 returns - ₹350 per instance 4th return onward - ₹750 per instance | Up to 3 returns - ₹350 per instance 4th return onward - ₹750 per instance |
| Charges for Demand Draft / Pay Order Cancellation / Revalidation | ₹60 per instrument | ₹60 per instrument | |
| Standing Instructions (Monthly Charges) | Rejection: Up to 3 returns ₹250 per instance 4th return onward ₹750 per instance | Rejection: Up to 3 returns ₹250 per instance 4th return onward ₹750 per instan | |
Terms & Conditions:
Operating limit for Cash Deposit at Non-Home Branches (Per Day) is ₹1,00,000 per day
GST as applicable will be levied
Please log on to our website - www.hdfcbank.com for updated schedule of charges and further details
For cheque return technical reasons, please visit our website - www.hdfcbank.com > Important Messages > Revision in Current Account Fees and Service Charges > Common Charges
Glossary:
Home Location - Home Location branches refer to all the branches participating in same clearing centre vis-à-vis branch where account is opened
Non-Home Location - Non-Home Location branches refer to the branches which do not participate in same clearing centre vis-à-vis branch where account is opened
Home Branch - Home Branch refers to the branch wherein the customer's account is opened
Non-Home Branch - Non-Home branch refers to the branch other than the branch wherein customer's account is opened
Bulk Transactions - Bulk Transaction includes count of all Cheque clearing and Fund Transfer Transactions
Wondering if you are eligible?
Documents required to apply for a Working Capital Loan
- The documents required to apply for a Working Capital Loan are as follows:
- Completed application form with annexure
- Last two years’ audited financial statements with auditor and director’s report
(Latest provisional results signed by the directors / partners / proprietor for previous financial year if audited statements are not available, up to seven months of year ending) - Financial projections for the total tenure of term loan, including calculation of DSCR (if any)
- Last two years’ income tax returns and sales tax (or VAT) returns, including latest completed financial year
- Copy of the sanction letter of the existing bank (or bank statement reflecting the Limit or CA certificate confirming the existing borrowings)
- Bank statement of all bank accounts for last six months and any past repayment track records (loan statements) of the establishment and its promoters
- Shareholding pattern, memorandum of association, articles of association (for limited or private limited company)
- Partnership deed (for partnership firm)
- External rating (by CRISIL, ICRA or CARE)
- Copy of property documents of the properties to be mortgaged
- Copy of latest telephone bills/ electricity bills for address confirmation (for merchant businesses that are non-HDFC Bank customers)
- Certificate under Shop and Establishment Act or Government Registration Document (for merchant businesses that are non-HDFC Bank customers)
- All documents to be self-attested by applicant.
Frequently Asked Questions
Yes, you can easily check the status of your loan anytime by using the MSME Loan application tracker. All you need is your application number or reference/proposal number that is mentioned on your loan application form, along with either your PAN details or your mobile phone number. You can get the application status instantly.
To apply for Working Capital Finance from HDFC Bank, the required documents typically include:
- Application Form: Completed and signed by the applicant.
- KYC Documents: Identity proof, address proof, PAN card of the applicant and guarantors (if any).
- Business Proof: Registration certificate, business incorporation details, GST registration certificate, partnership deed (if applicable).
- Financial Documents: Audited financial statements including balance sheet, profit & loss statement for the last 2 years.
- Bank Statements: Latest 6 months' bank statements.
- Income Tax Returns: Last 2 years' IT returns of the business and directors/partners.
- Other Documents: Projected financials for the upcoming year, details of existing facilities, and any additional documents as required by HDFC Bank.
The Working Capital Loan amount is determined based on a company's current assets and liabilities, cash flow, creditworthiness, and projected financial needs. Lenders evaluate these factors to ensure the loan covers day-to-day operational expenses without exceeding the business's ability to repay.
High-value Working Capital Finance from HDFC Bank can be either secured or unsecured. In the case of the former, the lender may ask the borrower to provide collateral.
The approval process depends on the loan amount required and can take anywhere from 2 weeks to 2 months.
If a business struggles to repay a high turnover working capital solution, it might face penalties. The business's credit rating may also drop, making future borrowing harder.