Institutional Current Account

What's in store for you

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Institutional Current Account

More benefits than ever before

Forex Benefits

  • Forex Travellers’ cheques, cash, and a Forex Plus card when you travel

Banking Benefits

  • Free payment and collections through NEFT

Cash Benefits

  • Cash deposit up to ₹50 lakh per month or 50 transactions*

Additional Benefits

Wondering if you are eligible?

You can open an Institutional Current Account if you are: 

  • A Trust
  • An Association
  • A Society
  • A Club
  • A Non-Profit Organisation
  • A Government Organisations
Institutional Current Account
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Documents required to get you started

For proprietors, traders, professionals, institutions, or associations:

  • PAN card

For individuals (additional documents):

  • Voter ID
    Passport
    Driving Licence
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For individuals:

  • Telephone bill
    Electricity bill

For businesses:

  • TAN (Tax Deduction and Collection Account) allotment letter by the Income Tax
    Property registration documents
    Property Tax/Water Tax bills
    Title deeds or rental registration documents
    Existing Bank Account statements
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Any of the following documents:

  • Registration and Licenses issued by Municipal Authorities (e.g., under the Bombay Shops & Establishment Act, 1948)
  • GST registration certificate
  • Professional Tax registration certificate
  • Business registration certificate issued by the State Government 
  • RBI/SEBI registration certificate
  • FSSAI license
  • Import-export license issued by the Director General of Foreign Trade
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For NRIs:

  • Customer declaration confirming:
  • Funds will come from an NRO/NRE/FCNR Account
  • The firm does not engage in agricultural activities, print media, or real estate business
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For Limited Liability Partnerships (LLP): 

  • Certificate of Incorporation
  • LLP Agreement
  • List of designated partners and their Designated Partner ID (DPID)
  • KYC of designated partners 
  • Resolution authorizing a designated partner as a signatory
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For Companies:

  • Memorandum of Association (MoA)
  • Articles of Association (AoA)
  • Certificate of Incorporation
  • Certificate of Commencement of Business (for Public Limited Companies)
  • List of Directors
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Know more about Institutional Current Account

Application Process

  • Self-Employed & Others
    Please fill in the enquiry form and await a callback to start the Account Opening Process for your E-commerce Current Account.
  • Bank Branch
    Please complete the requisite form and share it with your banker. They will guide you on the next steps.
Additional Features

Fees & Charges

Enclosed below are HDFC Bank Institutional Current Account fees and charges

Average Quarterly Balance (AQB)/Average Monthly Balance (AMB): NIL

Non-Maintenance Charges (per quarter / half yearly): NA

  • Cash Transactions

Operational Limit for Cash transactions at Non-Home Branch (Per Day): ₹1 lakh

Cash withdrawal limit at home branch: Free

  • Non-Cash Transactions / Other Charges
  • Cheque Collection & Fund Transfer Details

    • Local/Intercity Cheque Collection/Payments & Fund Transfer: Free
    • Bulk Transactions - Monthly Free Limit: Free up to 300 transactions
    • Charges Beyond Free Limits: ₹30 per transaction

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

Additional Features

Most Important Terms and Conditions

  • *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.
Additional Features

Frequently Asked Questions

An Institutional Current Account is a bank account designed specifically for trusts, associations, societies, clubs, non-profit organizations, and government organizations. It offers various benefits tailored to the needs of these institutions.

The limit for cash deposits is up to ₹50 lakh per month or 50 transactions (whichever is breached first). There is no minimum balance requirement for this account.

No, there is no minimum deposit required to open an Institutional Current Account with HDFC Bank.

The Institutional Current Account offers several benefits. There is no need to maintain any balance in the account, making it convenient for institutions. It also allows for free cash deposits up to ₹50 lakh per month or 50 transactions (whichever is reached first). Additionally, customers can enjoy unlimited free demand draft and pay order issuance payable at all HDFC Bank locations. The account also offers free local and intercity cheque collection and payment within HDFC Bank branch locations. Other services available include Trade & Forex, CMS, POS, Payment Gateway, and Doorstep Banking. 

To open an Institutional Current Account in India:

  • Check your eligibility.
  • Apply online for an Institutional Current Account.
  • Submit required documents (Aadhaar, PAN, utility bill/passport, salary slips/income tax returns).
  • Once approved, receive your new Institutional Current Account details.