HDFC Bank, one of India's leading private lenders having a banking network of 5,653 branches and 16,291 ATMs in 2,917 cities/towns across the country is going to change its financial transaction fees. According to the bank's website, the new charges will be applicable from 1st January 2022.
HDFC Bank currently allows the first 5 transactions for free per month on its own ATMs across all the cities and does not charge any transaction fee on non-financial transactions. In the top 6 cities like Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad, the bank also allows the first 3 transactions free per month (Financial + Non-Financial) and the first 5 transactions free per month (Financial + Non-Financial) at non-top cities or other cities for transacting at other bank ATMs.
According to the bank's official website transactions over and above the free limit will be charged as under:
- Cash withdrawal - Rs. 20 plus taxes per transaction (existing). Rs 21/- plus taxes per transaction(w.e.f 1st Jan'22)
- Non-Financial Transaction - Rs. 8.5 plus taxes per transaction at Non-HDFC Bank ATMs
HDFC Bank has also recently revised its interest rates on Domestic / NRO / NRE Fixed Deposits. The new rates are in force from 1st Dec 2021. Following the most recent revision, non-senior citizens will now get an interest rate of 2.50% to 5.50% on their deposits of less than Rs. 2 Cr maturing in 7 days to less than 10 years, Senior citizens will get an interest rate of 3.00% to 6.25% on their deposits of less than Rs. 2 Cr maturing in the same tenor cap. On certain tenors, the bank has also revised its interest rates on recurring deposits on 1st December 2021. For more details, please click here.