HDFC Bank To Raise Transaction Fees From March 1

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Post demonetization, HDFC Bank has decided to increase the fees for savings account holders on a slew of activities involving cash. HDFC increased transaction charge Rs 110 on the 5th transaction from the 1st March and 15 rupees on every cash inquiry. Earlier, it used to allow Rs 50,000 cash transactions, both withdrawals, and deposits per day.

    HDFC bank has issued a notification to its customers about the new transaction charges.

    Have a look at the new revision of fees and charges for savings and salary accounts, effective from 1st march 2017. Effective March 1, cash transaction charges for Savings and Salary accounts are being revised as follows:

    Number of cash transactions(Cumulative of deposit and withdrawal)

     

    • 4 free cash transactions per month
    • 5th transaction onwards - Rs150/- per transaction (plus taxes & cess) would be levied
    • SB Max Customers- 5 free cash transactions per month,
    • 6th transaction onwards - Rs150/- per transaction (plus taxes & cess)

     

    Value of cash transactions(Cumulative of deposit and withdrawal)

     

    • Home branch:2 lakh -free per month per account.
    • Above 2 lakh- Rs5/- per thousand or part thereof, subject to a minimum of Rs.150/-(plus taxes & cess)
    • Non-home branch: Cash transactions value up to Rs 25,000/- per day -No charge
    • Above Rs 25,000/- -Rs 5/- per thousand or part thereof, subject to a minimum of Rs 150/- (plus taxes & cess)

     

    Third party Cash transaction (Cumulative of deposit and withdrawal)

    • Upto a limit of Rs.25,000/- per day - Rs150/- (plus taxes &cess) . 
    • Above Rs 25,000/- not allowed

    For Senior Citizen customers, Kids/Minor Accounts, while the limit of Rs 25000/- per day will be applicable, the accounts will not be charged

     

    Disclaimer

    Above charges not applicable to Prime, Classic, Preferred, Imperia or any other Managed program customers. Number cap for BSBDA accounts remains unchanged in line with regulatory guidelines - Cash w/d - 4 free per month, Cash deposit - free, Charges are applicable over and above the free number & value limits are applicable as per grid above.

    Goodreturns.in 

    Read more about: hdfc charge atm
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more