Hdfc Bank Pro Report
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. Table Of Contents
* Certificate* Acknowledgement1. History of HDFC Bank 2. Introduction of HDFC Bank 3. Security
4. Awards5. Recognition6. Detail study of Current Account7. Detail study of Saving Account8. Objectives of Research9. Research Methodology10. Data Analysis & Interpretation11. Limitations12. Suggestions13. Conclusion14. Annexure
- Questionnaire- Bibliography
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A CKNOWLEDGEMENT
W ith deep sense of gratitude, I W ould like to take this opportunity to thank my
honorable project guide Mr.Ranjeev LakhanPal( A rea Manager) HDFC Bank mall
road,Ludhiana could not have asked for a more cooperative guide. His involvement &
unstinted support has always gives me the confidence to do my work. W ithout his
guidance this project report would not have seen the light of the day.
How could I forget to thank our Honble H.O.D. MIMIT Mr. Munish Bansal
for their kind co-operation to complete this project. I would like to thank the people who
took their time to help me to complete this project. I would like thanking my friends who
were of immense help to me.
Last but not the least, I would like to thank my parents who were a source of
support throughout the making of the report.
Thanks
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The Housing Development Finance Corporation Limited (HDFC) wasamongst the first to receive an 'in principle' approval from theReserve Bank of India (RBI) to set up a bank in the private sector, aspart of the RBI's liberalization of the Indian Banking Industry in 1994.The bank was incorporated in August 1994 in the name of 'HDFCBank Limited', with its registered office in Mumbai, India. HDFC Bank
commenced operations as a Scheduled Commercial Bank inJanuary1995.
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HISTORY OF HDFC B A NK
HDFC Bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', withits registered office in Mumbai, India. The Bank commenced operations as a ScheduledCommercial Bank in January 1995.The Housing Development Finance Corporation Limited (HDFC) was amongst the firstto receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a
bank in the private sector, as part of the RBI's liberalization of the Indian BankingIndustry in 1994.Headquartered in Mumbai, HDFC Bank, has a network of over 531 branches spread over 228 cities across India. All branches are linked on an online real-time basis. Customers inover 120 locations are serviced through Telephone Banking. The Bank also has a network of about over 1054 networked ATMs across these cities. HDFC Bank's ATM network can be accessed by all domestic and international Visa / MasterCard, Visa Electron /Maestro, Plus / Cirrus and American Express Credit / Charge cardholders.
HDFC Bank has won many awards for its excellent service. Major among them are "BestBank in India" by Hong Kong-based Finance Asia magazine in 2005 and "Company of the Year" Award for Corporate Excellence 2004-05.HDFC Bank was amongst the first to receive an 'in-principle' approval from the ReserveBank of India (RBI) to set up a bank in the private sector from Housing DevelopmentFinance Corporation Limited (HDFC), in 1994 during the period of liberalization of the
banking sector in India. HDFC India was incorporated in August 1994 in the name of 'HDFC Bank Limited'. HDFC India commenced operations as a Scheduled CommercialBank in January 1995.
HDFC India deals in varieties of products like home loan, standard life insurance, mutualfund, securities, credit cards, etc. HDFC has branch offices in all major cities in India likeCalcutta, Chennai, Delhi, Bangalore, Hyderabad, Ahmedabad apart from HDFC Mumbai.
Headquarter HDFC Bank India :'Trade Star', 2nd floor, 'A' W ing,Junction of Kondivita and M.V. Road,Andheri-Kurla Road,Andheri (East), Mumbai - 400 059.Tel: (Board) 2822 0055 / 55516666 (Fax) : 2822 9998 / 2822 2414
Network : More than 468 branches over 212 cities across the country
ATMs : The ATMs of HDFC India can be accessed by all domestic and internationalVisa/Master Card, Visa Electron/Maestro, Plus/Cirrus and American ExpressCredit/Charge cardholders.
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Authorised capital : Rs. 450 crore
Paid-up capital : Rs. 282 crore
Equity : Holds 24.2%
Listing : HDFC India has been listed on the Stock Exchange, Mumbai and the NationalStock Exchange. The bank's American Depository Shares are listed on the New York Stock Exchange (NYSE) under the symbol "HDB".
HDFC Product Range
HDFC Bank India provides the following range of products:
y Savings Accounty HDFC Bank Preferredy
Sweep-In Accounty Super Saver Accounty HDFC Bank Plusy Demat Accounty HDFC Mutual Fundy HDFC Standard Life Insurance
HDFC India innovative services
y HDFC Phone Bankingy HDFC ATMy
HDFC Inter-city/Inter-branch Bankingy HDFC Net Bankingy HDFC International Debit Cardy HDFC Mobile Bankingy HDFC Bill Pay
HDFC Bank Loans
y HDFC Personal Loany HDFC New Car Loan and Used Car Loany HDFC Loan Against Sharesy HDFC Two W heeler & Consumer Loany HDFC Home Loan
India has a well developed banking system. Most of the banks in India were founded byIndian entrepreneurs and visionaries in the pre-independence era to provide financialassistance to traders, agriculturists and budding Indian industrialists. Indian banks have
played a significant role in the development of Indian economy by inculcating the habitof saving in Indians and by lending finance to Indian industry.
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The commercial banking structure in India consists of: Scheduled Commercial Banks andUnscheduled Banks. Scheduled commercial Banks constitute those banks, which have
been included in the Second Schedule of Reserve Bank of India (RBI) Act, 1934. RBIincludes only those banks in this schedule, which satisfy the criteria laid down vide
section 42 (6) (a) of the Act.
Indian banks can be broadly classified into nationalised banks/public sector banks, private banks and foreign banks.
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HDFC Bank Ltd, India HDFC Bank bank is one of the largest private sector bank in India . It has branches andATMs all over India , details of which are available at their website HDFC bank branchlocations . HDFC bank ATM locations . Like most private sector banks, all HDFC bank
branches in India are networked. You can access your account from any HDFC bank branch in India.
Anyone can also deposit a local cheque in your account at any branch of HDFC bank.However, the bank charges a minimum Rs 50 for such non base branch transactions for standard current accounts. If someone deposits an HDFC bank cheque in your account ata Delhi branch and you have an account in Mumbai, it will be an inter branch transfer and the amount will be credited the same day . But HDFC will charge you Rs 50(+service tax) for the transfer . If you deposit the same cheque at any Mumbai branch,you will not be charged. Third party cash deposits at non base branch are not allowed.
Exchange rates for foreign currency cheques and telegraphic transfers can be obtainedthrough phone banking. Sometimes, their correspondent bank convert telegraphictransfers directly into Rupee drafts and deposit in the recipients account. In such cases,you can request the customer care to send a photocopy copy of the draft/credit advicereceived. If the customer care is unable to help you or is responsive, it is advisable tovisit the branch where you have an account.
Since HDFC bank, offers online banking - Netbanking , you can check the balance inyour account any time. Their online banking system is often down on weekends /holidays for maintenance. The user interface for online banking is very user friendlycompared to ICICI bank. You can open a fixed deposit (FD) online using Netbanking,even at 10pm at night. The process is very simple, you have to specify amount, duration,
branch and type of fixed deposit. The Fixed deposit is generated instantly . They willsend the receipt for the fixed deposit booked online by post later. To break the fixeddeposit, you have to visit the branch and submit the signed copy of the fixed deposit. Toavoid TDS, their personal banker recommends opening Fixed Deposits in different
branches of HDFC bank.
You can check the status of the cheques issued by you online. However, the status of outstation cheques deposited is not reflected unless the cheque is actually credited to your account. Outstation cheques are credited after 10-15 days (or even longer due to bank holidays) and it is difficult to track the status of these cheque. Hence it is advisable todeposit at the counter of the bank branch, so that you have an acknowledgement withyou. If your cheque is not credited, after you contact their phone banking, they will onlyregister the the complaint . They do not give any complaint number and tell you tocontact on phone after 4 days. Public sector banks like Canara bank, for similar complaints , you are told the status of the cheque within 5 minutes
It is advisable not to keep large amounts in your bank account, especially if you useinternet banking .
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There is story in Mumbai Mirror dated May 18, 2006 on how Rs one lakh was transferredout online from the account of a HDFC customer to another HDFC account and then toan SBI account. Even after one month, the person who committed the fraud has not beentraced.
They also offer free clearance of outstation cheques, drawn on HDFC branch locationswith delayed credit, for current accounts. (ICICI bank charges Rs 100 per outstationcheque). You should ensure that you have stamped acknowledgement from the branch ,since the cheque may be credited after 20 days or more. For locations where HDFC bank does not have a branch, clearance will take longer and the bank charges Rs 50 (+ servicetax)If you have a credit or debit card, you can use their virtual credit card, Netsafe for online
purchase. If you deposit a cheque at the branch before 10 am, it is reflected in the onlinestatement the same day before 7 p.m. If a deposited cheque is returned due to technicalreasons, there are no charges. If the deposited cheque is returned due to insufficientfunds, the bank charges Rs 50 and the cheque is returned to you by courier within 2-3
days.Unless you have no option, it is advisable to get a stamped acknowledgement for chequesdeposited. At times, a cheque deposited in their drop box, is not reflected in the bank statement. It can take up to 3 days for the cheque to be traced, after daily follow-up withtheir phone banking officers. The bank timings are similar to nationalized banks, usuallyfrom 8.30 am to 2 pm (Monday- Friday) and their phone banking officers are onlyavailable between 9.30 am and 6.30pm (Monday to Friday). On Saturday, the workinghours are even shorter.
Bank charges are periodically revised and the updated charges are mentioned inextremely fine print on the last page of their quarterly bulletin to account holders. If youask their customer support about revision in the bank charges, they will ask to ask you tovisit their branch. W e have visited their Mulund branch twice (September and October),
but the latest copy of their schedule of charges for current accounts was not available.Breaking a fixed deposit, which normally takes 2 minutes in all other banks in India,takes a very long time in HDFC bank. I have waited for half an hour before their personal
banker (more like a personal time waster) took the necessary action.
The charges for Foreign Inward Remittance Certificate (FIRC) were increased to Rs 150with effect from July 1, 2005. HDFC bank interest rates for fixed rate home loans aboveRs 25 lakh are lower by .25%. Floating interest home loans have an even lower interestrate. HDFC bank sells gold to retail customers in the form of Mudra rectangular gold barsof 5 grams. It offers a discount of 2% for existing bank customers
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SecurityConduct all your NetBanking transactions on the Internet in a safe and secureenvironment. HDFC Bank uses 128-bit Secure Socket Layer (SSL) technology, which isthe highest level of security commercially available. Plus, a host of internal controlmeasures and processes ensure that your transactions remain confidential.
HDFC Bank currently offers its NetBanking customers some of the services providedthrough its regular branch channels. These services can broadly be clubbed as query-
based and transaction-based. Examples of query-based transactions include checkingaccount balances, update on cheque status/ cheque book status, and viewing accountstatements. Transaction-based services include stop payment on cheque, requesting aDemand Draft / Managers Cheque / new Fixed Deposit / Funds Transfers. Bank further
provides utility payment services and merchant payment services for all registered Netbanking customers. The Bank of late has provided all net banking customers the EFTfacility offered by RBI through NetBanking.
W hile NetBanking is essentially an additional banking channel that we offer our customers for their convenience, HDFC Bank has assessed the risk from the operationalas well as from a technology and security perspective. Some of the risks that we haveconsidered are mentioned below:
A uthentication of Transaction by the customer is a key risk area from an operational perspective. As a precautionary measure, we have installed a multi-level process,whereby customers can perform NetBanking transactions only if they are valid accountholders, and then by using a combination of a unique Customer ID, and a uniquerandomly generated password known only to the customer which he can change tohis/her convenience. The onus of maintaining the confidentiality of the password is onthe customer. Further, customers can only do financial transactions between accountswhere they already possess normal operational rights.
Repudiation of transaction by the customer is another risk that has been identified.However, customers can log in only by using a unique combination of Customer ID andPassword, after which transactions can be carried out. The Bank has already implemented128-bit encryption, which is the highest level of security commercially available
From a technology prospective, we have ensured that we use the best availabletechnology for security/ protection. W e use 128-bit SSL, and have various levels of security to ensure that unauthorized access is not possible. W e have a dedicated team thatsupervises the banking systems, 24x7 in our data center
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The operational and internal control measures we have in Netbanking include: -
Access to Internet banking provided only based on application and valid customer ID.NetBanking password - issued to customers only on specific request.
- The password - generated using an internationally validated algorithm and printedon tamper-proof stationery.
- Access to customer information - given based on a combination of a uniqueCustomer ID and password. Therefore, a customer can access account information onlyon those accounts where he has a relationship with the bank (Account Holder).W hereever, the customer has opted to avail the third party fund transfer services of theBank, bank provides a window for transfer of funds to any account holder within the
bank and who does not share any relationship with the customer's account. Allcorrespondence on account of transactions originating from NetBanking is sent to thecustomer's address registered with the Bank and not to any third party address. Accountrelated customer information or instructions which are confidential in nature are notsolicited / accepted over email. Customer logins and activities are tracked and the sameare available for future investigation.HDFC Bank follows a strict policy of Backup, Storage and Retrieval for all its systems, which includesNetBanking.
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HDFC Bank began operations in 1995 with a simple mission: to be a " World-classIndian Bank " . W e realised that only a single-minded focus on product quality andservice excellence would help us get there. Today, we are proud to say that we are well
on our way towards that goal.
A wards for Years 2003 to 2007
It is extremely gratifying that our efforts towards providing customer convenience have been appreciated both nationally and internationally.
2007
The Asian Banker Excellence in RetailFinancial Services Awards
Best Retail Bank in India
Asian Banker Our Managing Director A ditya Puri wins the Leadership A chievementA ward for India
2006
Business Today Best Bank in India.
Forbes Magazine One of A sia Pacific's Best 50 companies.
Businessworld Best listed Bank of India.
The Asset Magazine'sTriple A Country Awards
Best Domestic Bank.
Asiamoney Awards Best Local Cash Management Bank in Large and Medium segments.
Euromoney Awards " Best Bank " in India.
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Forbes Global Best Under a Billion, 200 Best Small Companies for 2003
The Financial Express " Best New Private Sector Bank 2003 in the FE-Ernst & Young Best BanksSurvey 2003.
Outlook Money Best Bank in the Private Sect
Business Today Best Bank in India NASSCOM andeconomictimes.com
'Best IT User in Banking'
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Banking should be effortless. W ith HDFC Bank, the efforts are rewarding. No matter what a customer's need and occupational status, we have a range of solutions that aresecond to none.
Whether you're employed in a company and need a simple Savings account or run your own business and require a robust banking partner, HDFC Bank not only has the perfect
solution for you, but also can recommend products that can augment your planning for the future.
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Savings A ccounts
These accounts are primarily meant to inculcate a sense of saving for the future,accumulating funds over a period of time. W hatever your occupation, we are confident
that you will find the perfect banking solution. Open an account in your name or register for one jointly with a family member today.
Regular Salary Savings Plus Classic SavingsMax Payroll
No Frills Regular Retail Trust Premium Kids Advantage Defence Pension Savings Reimbursement Family Savings Kisan No Frills Savings
Kisan Club Savings
Current A ccounts
Now, with an HDFC Bank Current Account, experience the freedom of multi-city banking! You can have the power of multi-location access to your account from any of our 684 branches in 316 cities. Not only that, you can do most of your bankingtransactions from the comfort of your office or home without stepping out.
W e make it our business to help you with your business by offering you a CurrentAccount with all the benefits you need to stay ahead of your competition.
At HDFC Bank, we understand that running a business requires time and money, alsothat your business needs are constantly evolving. That's where we come in. W e provideyou with a choice of Current Account options to exclusively suit your business -whatever the size or scope.
Open an HDFC Bank Current Account & control your business operations centrally.
Plus Trade Premium Regular
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DET A IL STUDY OFCURRENT A CCOUNTS
In today's fast-paced world, your business regularly requires you to receive and send funds to various citiesin the country. HDFC Bank Plus Current Account gives you the power of inter-city banking with a singleaccount and access to more than 316 cities.
From special cheques that get treated at par with local ones in any city where we have a branch, faster collection of outstation cheques (payable at branch locations), free account to account funds transfer
between HDFC Bank accounts to Free inter-city clearing of up to 100 lakhs per month, our priority serviceshave become the benchmark for banking efficiency.
Plus Current Account requires you to maintain an average quarterly balance of Rs. 100,000.
Read on to know the powerful plus points of the H DFC Bank Plus Current Account.
Features & Benefits
Free Account to account funds transfer between HDFC Bank accounts
Free payment and collection through RTGS .Free payment and collection using NEFT (through Netbanking )
Free up to 50 Demand Drafts per month and can be issued from any HDFC Bank Branch
Free up to 50 Pay Orders (PO) per month and can be issued from any HDFC Bank Branch.
Free anywhere collection & payment transactions (clearing) within HDFC Bank branch network (except Dahej), up to Rs.100 lacs per month.
Convenience to withdraw & deposit cash at all our branches*
300 "At Par" cheque leaves free per month.
Register for Insta A lert service and receive updates on your account as and when theselect transaction happens - all this without visiting the branch or ATM!
Enjoy facilities like 24-hour Phone Banking, Net Banking and Mobile Banking thathelps you check your balance & transaction details, find out the status of your cheque
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Other Current A ccount facilities
Issue of Duplicate /Adhoc Statement
Rs. 100 at Branch or Phonebanking (Non-IVR),Rs. 50 per statement throughPhonebanking (IVR),
Netbanking, ATM,Mobilebanking.
Mode of calculation of minimum averagequarterly balance
Average of daily closing balances of each day spreadover a period of three months.
Remittance facility through own Bank
Demand Drafts (DD)
payable HDFC Bank Locations (Issued fromany branch) / DuplicateDD
Free up to 50 DDs per month.Above 50 transactions, charges@ Rs. 25/- per Demand draft
Pay Orders (PO) - onHDFC Bank Locations(Issued from AnyBranch) / Duplicate PO
Free up to 50 POs per month.Above 50 transactions, charges@ Rs. 25/- per Pay-order
Issuance of DD/ POthrough PhoneBanking
Rs. 25**Only DD amount upto Rs
300,000 for Current PlusAccountholders accepted atPhonebanking. All standardcharges for DD are applicableas above.
DD/PO-Cancellation/Revalidation Rs.50/- per instrument
NEFT/EFT Transactions :
Payments Free
Collections Free
RTGS Transactions :
Payments Free
Collections Free
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Local Transactions ( A thome branch location)
Local cheques collections& payments Free
Account to Account FundTransfer within HDFCBank
Free
A nywhere Transactions(except Dahej)
Account to Account FundTransfer within HDFCBank
Free
Payments & Collectionsat HDFC Bank Locations
Free up to Rs.100 lacs per month, beyond which charges@ Rs. 0.50/1000, min Rs. 25
Bulk TransactionCharges
All transactions are subject to amaximum of 250 transactions
per month, beyond whichcharges @ Rs.5/- per transaction would be levied.
Includes all Local / Anyhwereclearing and transfer transactions
Remittance facility through other Bank
Issue of Demand Drafts(DD) / Duplicate DD(Correspondent tieup)
Rs.2.00 per Rs.1000/-Minimum Rs.50/-
DD-Cancellation /
RevalidationRs.50/- per instrument
Cheque Collection
Outstation through own bank
Collection : Free, only courier charges of Rs 20 per instrument
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Cash Deposit-HomeBranch Location
Free upto Rs.10 lacs per monthor 50 transactions which ever islower, Deposit in excess of Rs.10 lacs or 50 transactionswill be charged @ Rs.2/- per
Rs.1,000/-, minimum Rs.50/-.(Cash deposit at non-home
branches within home-branchcity subject to limit of Rs.100,000/- per account per day)
Cash Deposit -Non Homelocation
Maximum Rs.100,000/- per day. Charges @ Rs. 3/1000,min Rs. 50
Cash Withdrawal
Cash W ithdrawal-HomeBranch Free at Home Branch
Cash W ithdrawal-NonHome Branch-Intracity &Intracity
Free cash withdrawals uptoRs.50,000/- per day, beyondwhich charges @ Rs.2/1000,min Rs.50/- (Only for incremental amount), Third
party cash withdrawal allowed
only up to maximum Rs.50,000/- per transaction.
Miscellaneous
Balance enquiry Rs.25/-
Balance Certificate Rs.50/-
Interest Certificate Rs.50/-
Photo attestation Rs. 50/-
Signature attestation Rs. 50/-
Stop Payment Charges
Particular cheque Rs.50/- (Rs.40/- through phone- banking, FREE through Net
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In today's changing business requirements, you need to transfer funds across cities, and time is of theessence. HDFC Bank Trade Current Account gives you the power of inter-city banking with a single account.
From special cheques that get treated at par with local ones in any city where we have a branch, to freeaccount to account funds transfer between HDFC Bank accounts, to free inter-city clearing of up to 50 lakhsper month, our priority services have become the benchmark for banking efficiency. Trade Current Accountrequires you to maintain an average quarterly balance of Rs. 40,000.
Read on to know the powerful features of the HDFC Bank Trade Current Account
Features & Benefits
Free Account to account funds transfer between HDFC Bank accounts.
Free RTGS/NEFT Transactions.
Free up to 30 Demand Drafts (DD) per month and can be issued from any HDFCBank Branch.
Free up to 30 Pay Orders (PO ) per month and can be issued from any HDFCBank Branch.
Free anywhere collection & payment within HDFC Bank branch network (exceptDahej), up to Rs.50 lacs per month.
Convenience to withdraw & deposit cash at all our branches*
200 "At Par" cheque leaves per free month .
Register for Insta A lert service and receive updates on your account as and whenthe select transaction happens - all this without visiting the branch or ATM!
Enjoy facilities like 24-hour PhoneBanking, NetBanking and MobileBanking thathelps you check your balance & transaction details, find out the status of your cheque or stop cheque payment.
*Conditions Apply
Refer fees and charges for further details.
Fees & Charges for Trade Current A ccount
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Description of Charges Trade Current A ccount
Current A ccounts with Cheque facility
Minimum Balance (AverageQuarterly Balance) Rs. 40,000/-
Non-Maintenance Charges per quarter
Charge of Rs.1,200/- per quarter, if AQB is less thanRs.40,000/-
Cheque Book Charges(Issued by Bank)
Payable-at-par
200 cheque leaves Free per month. Charges Rs 2/- per leaf beyond 200 leaves
Other Current A ccount facilities
Issue of Duplicate / AdhocStatement
Rs. 100 at Branch or Phonebanking (Non-IVR),Rs. 50 per statement through Phonebanking (IVR),
Netbanking, ATM, Mobilebanking.
Mode of calculation of minimum average quarterly
balance
Average of daily closing balances of each day spreadover a period of three months.
Remittance facility through own Bank
Demand Drafts (DD) payableHDFC Bank Locations(Issued from any branch) /Duplicate DD
Free up to 30 DDs per month. Above 30 transactions,charges @ Rs. 25/- per Demand draft
Pay Orders (PO) - on HDFCBank Locations (Issued fromAny Branch) / Duplicate PO
Free up to 30 POs per month. Above 30 transactions,charges @ Rs. 25/- per Pay-order
Issuance of DD/ PO through
PhoneBanking
Rs. 50 through Phonebanking**Only DD amount upto Rs 100,000 for Preferred & Rs
50000 for other customers accepted at Phonebanking.All standard charges for DD are applicable as above.
DD/PO-Cancellation/Revalidation Rs.50/- per instrument
NEFT/EFT Transactions :
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Payments Free
Collections Free
RTGS Transactions :
Payments FreeCollections Free
Local Transactions ( A thome branch location)
Local cheques collections & payments Free
Account to Account Fund
Transfer within HDFC Bank Free
A nynhwere Transactions(except Dahej)
Account to Account FundTransfer within HDFC Bank Free
Payments & Collections atHDFC Bank Locations
Free up to Rs.50 lacs per month, beyond which charges@ Rs. 0.50/1000, min Rs. 25
Bulk Transaction Charges
All transactions are subject to a maximum of 150transactions per month, beyond which charges @ Rs.5/-
per transaction would be levied.Includes all Local /Anyhwere clearing and transfer transactions.
Remittance facility through other Bank
Issue of Demand Drafts (DD)/ Duplicate DD(Correspondent tieup)
Rs.2.00 per Rs.1000/- Minimum Rs.50/-
DD-Cancellation /Revalidation Rs.50/- per instrument
Cheque Collection
Outstation through own bank Rs. 0.50/1000, min Rs. 25 per instrument
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Outstation through another bank
Correspondent bank locations: Rs.4/- per Rs.1,000/-,min Rs.50/-For Clean locations (non-correspondent
bank locations) & Non-MICR Cheques: Rs.6.5/- per Rs.1,000/-, min Rs 50 (inclusive of courier charge of Rs25)
Bouncing of cheques- Local
Cheques Drawn on us
Due to Insufficient Funds Rs.300/- per Instrument
Accounts not maintainingAQB as of previous quarter Rs.350/- per Instrument
Due to Technical Reasons No Charge
Cheques DepositedReturned Unpaid
Local Rs.50/- per Instrument
Accounts Not maintainingAQB as of Previous Quarter Rs.100/- per Instrument
Outstation Rs.100/- per Instrument
Bouncing of cheques-
outstation- through own bank Rs.100/- per Instrument
Bouncing of cheques-outstation- through another
bank Rs.100/- per Instrument
Cash Transactions
Cash Deposit
Cash Deposit-Home BranchLocation
Free upto Rs.5 lacs per month or 40 transactions which
ever is lower, Deposit in excess of Rs.5 lacs or 40transactions will be charged @ Rs.2/- per Rs.1,000/-,minimum Rs.50/-. (Cash deposit at non-home brancheswithin home branch city subject to limit of Rs. 50,000/-
per account per day)
Cash Deposit -Non Homelocation
Maximum Rs.50,000/- per day. Charges @ Rs. 3/1000,min Rs. 50
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Cash Withdrawal
Cash W ithdrawal-HomeBranch Free at Home Branch
Cash W ithdrawal-Non HomeBranch-Intracity & Intracity
Free cash withdrawals upto Rs.50,000/- per day, beyondwhich charges @ Rs.2/1000, min Rs.50/- (Only for incremental amount), Third party cash withdrawalallowed only up to maximum Rs. 50,000/- per transaction.
Miscellaneous
Balance enquiry Rs.25/-
Balance Certificate Rs.50/-
Interest Certificate Rs.50/-
Photo attestation Rs. 50/-
Signature attestation Rs. 50/-
Stop Payment Charges
Particular cheque Rs.50/- (Rs.40/- through phone-banking, FREE through Net Banking)
Range of cheques Rs.100/- (Rs.80/- through phone-banking, FREEthrough Net Banking)
A ccount Closure:
Up to 14 days No Charge
15 days to 6 months Rs.100/-
More than 6 months No Charge
Inoperative account Activation of Dormant/inoperative account Rs.100/-
Transactions throughPhoneBanking:
Interactive Voice Response Free
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(IVR)
Non-IVR-Agent assisted-For accounts maintaining AQB Free
Non-IVR- Agent assisted -For accounts NOTmaintaining AQB as of
previous quarter and for transactions that are availableon IVR
Rs.50/- per call
ECS (Debit) Return Charges Rs 200 (plus taxes)
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Your business needs a partner who can manage your finances while you concentrate on growing your business.
You can avail benefits of inter-city banking account with Premium Current Account, which requires anaverage quarterly balance of only Rs. 25,000, offers Payable-At-Par cheque book facility & FREE inter-cityclearing transactions across our network up to Rs.25 Lacs per month.
A Current Account with the benefits of accessing your account from a large network of branches, andthrough direct access channels - the phone, mobile, Internet and through the ATM.
Enter into a profitable relationship and access all the privileges flowing your way
Features & Benefits
Fees & Charges for Premium C/ A
Description of Charges Premium Current A ccount
Minimum Balance (AverageQuarterly Balance) Rs. 25,000/-
Non-Maintenance Charges per quarter
Charge of Rs.900/- per quarter, if AQB is less thanRs.25,000/-
Cheque Book Charges(Issued by Bank)
Payable-at-par
100 cheque leaves Free per month. Charges Rs 2/- per leaf beyond 100 leaves
Other Current A ccount facilities
Issue of Duplicate / AdhocStatement
Rs. 100 at Branch or Phonebanking (Non-IVR),Rs. 50 per statement through Phonebanking (IVR),
Netbanking, ATM, Mobilebanking.
Mode of calculation of minimum average quarterly
balance
Average of daily closing balances of each day spreadover a period of three months.
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Remittance facility through own Bank
Demand Drafts (DD) payableHDFC Bank Locations(Issued from any branch) /Duplicate DD
DD Amount Up to Rs. 50,000 charges Rs. 40/- per DD,Above Rs. 50,000 and up to Rs. 100,000- Rs. 25/-,Above Rs. 100,000- Free
Pay Orders (PO) -on HDFCBank Locations (Issued fromAny Branch) / Duplicate PO
PO amount Up to Rs. 50,000 charges Rs. 40/- per PO,Above Rs. 50,000 and up to Rs. 100,000 - Rs. 25/-,Above Rs. 100,000- Free
Issuance of DD/ PO throughPhoneBanking
Rs. 50 through Phonebanking**Only DD amount upto Rs 100,000 for Preferred & Rs50000 for other customers accepted at Phonebanking.All standard charges for DD are applicable as above.
DD/PO-Cancellation/Revalidation Rs.50/- per instrument
NEFT/EFT Transactions :
Payments Free
Collections Free
RTGS Transactions :
Payments Rs. 100/- per transaction
Collections Free
Local Transactions ( A thome branch location)
Local cheques collections & payments Free
Account to Account FundTransfer within HDFC Bank Free
A nywhere Transactions(except Dahej)
Account to Account FundTransfer within HDFC Bank Rs.15/- per transaction
Payments & Collections atHDFC Bank Locations
Free up to Rs. 25 lacs per month, Charges atRs.1.50/1000, min Rs. 25
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Bulk Transaction Charges
All transactions are subject to a maximum of 100transactions per month, beyond which charges @ Rs.5/-
per transaction would be levied. Includes all Local /Anyhwere clearing and transfer transactions.
Remittance facility through other Bank
Issue of Demand Drafts (DD)/ Duplicate DD(Correspondent tieup)
Rs.2.00 per Rs.1000/- Minimum Rs.50/-
DD-Cancellation /Revalidation Rs.50/- per instrument
Cheque Collection
Outstation through own bank Rs.2.50 per Rs.1,000/- for Cheques drawn on HDFCBank Locations, min Rs. 50 per instrument.
Outstation through another bank
Correspondent bank locations: Rs.4/- per Rs.1,000/-,min Rs.50/-For Clean locations (non-correspondent
bank locations) & Non-MICR Cheques: Rs.6.5/- per Rs.1,000/-, min Rs 50 (inclusive of courier charge of Rs25)
Bouncing of cheques- Local Cheques Drawn on us
Due to Insufficient Funds Rs.300/- per Instrument
Accounts not maintainingAQB as of previous quarter Rs.350/- per Instrument
Due to Technical Reasons No Charge
Cheques DepositedReturned Unpaid
Local Rs.50/- per Instrument
Accounts Not maintainingAQB as of Previous Quarter Rs.100/- per Instrument
Outstation Rs.100/- per Instrument
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Bouncing of cheques-outstation- through own bank Rs.100/- per Instrument
Bouncing of cheques-outstation- through another
bank Rs.100/- per Instrument
Cash Transactions
Cash Deposit
Cash Deposit-Home BranchLocation
Free upto Rs.3 lacs per month or 25 transactions whichever is lower, Deposit in excess of Rs.3 lacs or 25transactions will be charged @ Rs.2/- per Rs.1,000/-,minimum Rs.50/-. (Cash deposit at non-home brancheswithin home branch city subject to limit of Rs. 25,000/-
per account per day)Cash Deposit -Non Homelocation
Maximum Rs.25,000/- per day. Charges @ Rs. 3/1000,min Rs. 50
Cash Withdrawal
Cash W ithdrawal-HomeBranch Free at Home Branch
Cash W ithdrawal-Non HomeBranch-Intracity & Intracity
Free cash withdrawals upto Rs.25,000/- per day, beyond
which charges @ Rs.2/1000, min Rs. 50/- (Only for incremental amount), Third party cash withdrawalallowed only up to maximum Rs.50,000/- per transaction.
Miscellaneous
Balance enquiry Rs.25/-
Balance Certificate Rs.50/-
Interest Certificate Rs.50/-Photo attestation Rs. 50/-
Signature attestation Rs. 50/-
Stop Payment Charges
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Particular cheque Rs.50/- (Rs.40/- through phone-banking, FREE through Net Banking)
Range of cheques Rs.100/- (Rs.80/- through phone-banking, FREEthrough Net Banking)
A ccount Closure:
Up to 14 days No Charge
15 days to 6 months Rs.100/-
More than 6 months No Charge
Inoperative account Activation of Dormant/inoperative account Rs.100/-
Transactions throughPhoneBanking:
Interactive Voice Response(IVR) Free
Non-IVR-Agent assisted-For accounts maintaining AQB Free
Non-IVR- Agent assisted -For accounts NOTmaintaining AQB as of
previous quarter and for transactions that are availableon IVR
Rs.50/- per call
ECS (Debit) Return Charges Rs 200 (plus taxes)
A Current account is ideal for carrying out day-to-day business transactions. With the HDFC Bank Regular Current Account, you can access your account anytime, anywhere, pay using payable at par cheques or deposit cheque at any HDFC bank branch. It also facilitates FREE NEFT transactions & FREE RTGS
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collections for faster collections in your account. Regular Current Account requires you to maintain anaverage quarterly balance of only Rs. 10,000.
With a vast network of branches in cities all over the country, and access to a multitude of ATM's, you cankeep track of all your transactions anytime
Features & Benefits
Convenient inter-city banking :Deposit your local cheques in one branch of a city and have it credited to your account at a branch in another city or make payments across HDFC Bank locations using PAP cheque facility at a nominal rate
Free payments and collections through NEFT
Free RTGS collection. RTGS payment @ Rs.100/- per transaction
Inter-city Account to accounts funds transfer between HDFC Bank accounts at anominal charge of Rs.15/- per transactions
Free Demand Drafts (DD) above Rs.100,000/-. Demand drafts up to Rs.50,000/-at flat cost of Rs.40/-. DDs above Rs.50,00/- & up to Rs.100,000/- at nominal costof Rs.25/-.
Free Pay Order (PO) above Rs.100,000/-. Pay Order up to Rs.50,000/- at flatcost of Rs.40/-. POs above Rs.50,00/- & up to Rs.100,000/- at nominal cost of Rs.25/-.
Payable at par cheque book at nominal price.
Register for Insta A lert service and receive updates on your account as and whenthe select transaction happens - all this without visiting the branch or ATM!
Enjoy facilities like 24-hour PhoneBanking, NetBanking and MobileBanking thathelps you check your balance & transaction details, find out the status of your cheque or stop cheque payment.
Fees & Charges for Regular C/ A
Description of Charges Regular Current A ccount
Current A ccounts with Cheque facility
Minimum Balance (AverageQuarterly Balance) Rs. 10,000/-
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Non-Maintenance Charges per quarter
Charge of Rs.750/- per quarter, if AQB is less thanRs.10,000/-
Cheque Book Charges(Issued by Bank)
Payable-at-par
Charges Rs 2/- per leaf
Other Current A ccount facilities
Issue of Duplicate / AdhocStatement
Rs. 100 at Branch or Phonebanking (Non-IVR),Rs. 50 per statement through Phonebanking (IVR),
Netbanking, ATM, Mobilebanking.
Mode of calculation of minimum average quarterly
balance
Average of daily closing balances of each day spreadover a period of three months.
Remittance facility through own Bank
Demand Drafts (DD) payableHDFC Bank Locations(Issued from any branch) /Duplicate DD
DD Amount Up to Rs. 50,000 charges Rs. 40/- per DD,Above Rs. 50,000 and up to Rs. 100,000- Rs. 25/-,Above Rs. 100,000- Free
Pay Orders (PO) - on HDFCBank Locations (Issued fromAny Branch) / Duplicate PO
PO amount Up to Rs. 50,000 charges Rs. 40/- per PO,Above Rs. 50,000 and up to Rs. 100,000 - Rs. 25/-,Above Rs. 100,000- Free
Issuance of DD/ PO throughPhoneBanking
Rs. 50 through Phonebanking**Only DD amount upto Rs 100000 for Preferred & Rs50000 for other customers accepted at Phonebanking.All standard charges for DD are applicable as above.
DD/PO-Cancellation/Revalidation Rs.50/- per instrument
NEFT/EFT Transactions :
Payments Free
Collections Free
RTGS Transactions :
Payments Rs. 100/- per transaction
Collections Free
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Local Transactions ( A thome branch location)
Local cheques collections & payments Free
Account to Account FundTransfer within HDFC Bank Free
A nynhwere Transactions(except Dahej)
Account to Account FundTransfer within HDFC Bank Rs.15/- per transaction
Payments & Collections atHDFC Bank Locations Charges at Rs.1.50/1000, min Rs. 25
Bulk Transaction Charges
All transactions are subject to a maximum of 100transactions per month, beyond which charges @ Rs.5/-
per transaction would be levied.Includes all Local /Anyhwere clearing and transfer transactions.
Remittance facility through other Bank
Issue of Demand Drafts (DD)/ Duplicate DD(Correspondent tieup)
Rs.2.00 per Rs.1000/- Minimum Rs.50/-
DD-Cancellation /Revalidation Rs.50/- per instrument
Cheque Collection
Outstation through own bank Rs.2.50 per Rs.1000 for Cheques drawn on HDFC Bank Locations, min Rs. 50 per instrument.
Outstation through another bank
Correspondent bank locations: Rs.4/- per Rs.1,000/-,min Rs.50/-For Clean locations (non-correspondent
bank locations) & Non-MICR Cheques: Rs.6.5/- per Rs.1,000/-, min Rs 50 (inclusive of courier charge of Rs25)
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Bouncing of cheques- Local
Cheques Drawn on us
Due to Insufficient Funds Rs.300/- per Instrument
Accounts not maintainingAQB as of previous quarter Rs.350/- per Instrument
Due to Technical Reasons No Charge
Cheques DepositedReturned Unpaid
Local Rs.50/- per Instrument
Accounts Not maintaining
AQB as of Previous Quarter Rs.100/- per Instrument
Outstation Rs.100/- per Instrument
Bouncing of cheques-outstation- through own bank Rs.100/- per Instrument
Bouncing of cheques-outstation- through another
bank Rs.100/- per Instrument
Cash TransactionsCash Deposit
Cash Deposit-Home BranchLocation
Free upto Rs.2 lacs per month or 25 transactions whichever is lower, Deposit in excess of Rs.2 lacs or 25transactions will be charged @ Rs.2/- per Rs.1,000/-,minimum Rs.50/-. (Cash deposit at non-home brancheswithin home branch city subject to limit of Rs. 10,000/-
per account per day)
Cash Deposit -Non Homelocation Not Allowed
Cash Withdrawal
Cash W ithdrawal-HomeBranch Free at Home Branch
Cash W ithdrawal-Non Home Cash withdrawals charges @ Rs.2/1000, min Rs. 50
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Branch-Intracity & Intracity Third party cash withdrawal allowed only up tomaximum Rs. 50,000/- per transaction.
Miscellaneous
Balance enquiry Rs.25/-
Balance Certificate Rs.50/-
Interest Certificate Rs.50/-
Photo attestation Rs. 50/-
Signature attestation Rs. 50/-
Stop Payment Charges
Particular cheque Rs.50/- (Rs.40/- through phone-banking, FREE through Net Banking)
Range of cheques Rs.100/- (Rs.80/- through phone-banking, FREEthrough Net Banking)
A ccount Closure:
Up to 14 days No Charge
15 days to 6 months Rs.100/-More than 6 months No Charge
Inoperative account Activation of Dormant/inoperative account Rs.100/-
Transactions throughPhoneBanking:
Interactive Voice Response(IVR) Free
Non-IVR-Agent assisted-For accounts maintaining AQB Free
Non-IVR- Agent assisted -For accounts NOTmaintaining AQB as of
previous quarter and for transactions that are available
Rs.50/- per call
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on IVR
ECS (Debit) Return Charges Rs 200 (plus taxes)
Eligibility & Documentation
Resident Individuals.
Hindu Undivided Families.
Sole Proprietorship Firms.
Partnership firms.
Limited companies.
Trust Accounts.
Association/ Clubs/ Societies.
Foreign Institutional Investors.
Foreign nationals residing in India.
DET A IL STUDY OFSAV ING A CCOUNTS
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An easy-to-operate savings account that allows you to issue cheques, draw Demand Drafts and withdrawcash. Check up on your balances from the comfort of your home or office through NetBanking ,PhoneBanking and MobileBanking . Need money urgently? Withdraw cash from any of the 1,740 ATM centres spread across the country.
Features & Benefits
W ide network of branches and over thousand ATMs to meet all your bankingneeds no matter where you are located.
Bank conveniently with facilities like NetBanking and MobileBanking- check your account balance, pay utility bills or stop cheque payment, through SMS.
Never overspend- Shop using your International Debit Card that reflects the actual balance in your savings account.
Personalised cheques with your name printed on each cheque leaf for enhancedsecurity.
Take advantage of BillPay, an instant solution to all your frequent utility bill payments. Instruct for payment over the phone or through the Internet.
Avail of facilities like Safe Deposit Locker, Sweep-In and Super Saver facility onyour account.
3 Free transactions on SBI/Andhra Bank ATMs per month.
Free Payable-at-Par chequebook, without any usage charges upto a limit of Rs.50,000/- per month.
Free InstaAlerts for all account holders for lifetime of the account.
Free Passbook facility available at home branch for account holders (individuals).
Free Email Statement facility.
Eligibility & A ccount Operation
The following are eligible to open a Regular Savings A ccount
Resident Individuals (sole or joint account).
Minor below 18 yrs. (account only with guardian).
Hindu Undivided Families
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Trusts.
Associations.
Clubs or Societies.
Foreign Nationals residing in India*.If you are a Foreign National residing in India, you may open a Savings Account by
temporarily attaching an undertaking (QA 22 form), stating sources of credit and a copyof your Residence Permit .
A ccount Operation
A minimum deposit of Rs. 5,000/- is required to open an account and thereafter anAverage Quarterly Amount of the same amount has to be maintained
Please Note: It is mandatory to maintain a minimum Average Quarterly Balance(AQB) of Rs. 5,000/-. If the balance falls below Rs. 5,000/- a service charge of Rs.750/- will be levied per quarter
If you open a Fixed Deposit Account of Rs. 50,000/-, then you no longer have tomaintain a minimum balance of Rs. 5,000 on your Savings Account. In effect your account becomes a Zero Balance Account.
Introducing the best banking option for you with HDFC Bank Savings Plus Account. Now you can get access to some of the finest banking facilities with HDFC Bank'sSavings Plus Account. All you have to do is maintain an Average Quarterly Balance of Rs. 10,000/- and experience the benefits as mentioned below:
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Features & Benefits
W ide network of branches and over thousand ATMs to meet all your banking needs nomatter where you are located
2 Free transactions on SBI/Andhra Bank ATMs per month.
3 Free transactions on any other Bank's ATM per month.
Free Payable at Par (PAP) chequebook without any usage charges upto a limit of 50,000 per month.*
Free International Debit Card for all account holders for life time of the account
Free Demand Drafts on HDFC Bank locations, upto a limit of 25,000/- per day.
Free BillPay & InstaAlerts for all account holders for lifetime of the account
Free Electronic Funds Transfer facility, NetBanking, PhoneBanking & MobileBanking
Special relationship discount on purchase of Gold Bars
25%-off on the Locker rental for the 1st year (only).
Intercity Banking / Multi-city Banking.
Free Passbook facility available at home branch for account holders (individuals).
Free Email Statement facility .
Eligibility & A ccount Operation
The following are eligible to open a Savings Plus A ccount:
Resident Individuals (sole or joint account).
Minor below 18 yrs. (account only with guardian).
Hindu Undivided Families
Foreign Nationals residing in India*.
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If you are a Foreign National residing in India, you may open a Savings Account by
temporarily attaching an undertaking (QA 22 form) , stating sources of credit and a copyof your Residence Permit.
A ccount Operation
A minimum deposit of Rs. 10,000/- is required to open an account and thereafter anAverage Quarterly Amount of the same amount has to be maintained.
If AQB in the savings a/c is >=10,000/- and/or the balance in the FD is >=50,000/-, noAQB non-maintenance charges will be levied.
If the AQB in the SB a/c falls below 10,000/- and balance in the FD is also
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and 10,000/-: Rs. 750/- per quarter,AQB in the SB a/c is less than5,000/- :Rs. 1,000/-
Option 2
In case of non maintenance of Rs.50,000 Fixed Deposit the chargesmentioned in Option 1 would be
applicable
Cheque Book FreeRs. 5 per leaf on non maintenance of Min balance
PAP Cheque book Upto Rs. 50,000 pm - No charges, Above Rs.50,000 - Rs. 2.90 per 1000 on full amount
Account Statements - Free Monthly statements to be Collected from branch.Quarterly statements sent by post
Issue of duplicate / adhocstatements
Rs. 100 at Branch or Phonebanking (Non-IVR),Rs. 30 per statement through Netbanking,Rs. 50
per statement through Phonebanking(IVR),ATM &Mobilebanking.
Hold Statement Rs. 400 per year
Passbook issuance* Free
Duplicate passbook issuance* Rs 100/-
ManagersCheques/Demand Drafts-Issuance/Re-issuance - OnHDFC Bank Locations
Free DDs/MCs per account per month withmaximum of Rs. 25,000 per day
DD request through Branch
Above Rs.
25,000 &upto Rs.50,000
Rs. 75 **(Rs. 50 throughPhonebanking)
**Only DD amount upto Rs100,000 for Preferred & Rs 50,000for other customers accepted atPhonebanking
Above Rs.50,000 &upto Rs. 1Lakh
Rs. 2.50 per 1000 or part thereof (Min Rs. 150)
Above Rs. 1Lakh
Rs. 2 per 1000 or part thereof (MinRs. 250 & Max Rs. 5000)
DD request through Netbanking
Upto Rs. 1Lakh
Rs .30+(Corr. Bank charges if applicable)
Third partyDD* uptoRs. 1 Lakhs
Rs .30+(Corr. Bank charges if applicable)
(*Third Party Registration required.Customers registered for Third Party Transfers have a maximum limit o f 5 lacs per custid and hence can issue multiple DDs of 1 lacs upto 5 lacs andsend it to the benefiacry address)
Managers Rs. 50
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Cheque/Demand Drafts -Cancellation /Revalidation
Rs. 40 (Senior Citizens / Individuals in Ruralareas)
Demand Drafts- Issued -On Non HDFC Bank Locations
Rs. 50 plus charges as outlined below:
Upto Rs. 500 Rs. 10
Above Rs. 500 toRs. 1000 Rs. 15
Above Rs. 1000 toRs. 5000 Rs. 25
Above Rs. 5000 toRs. 10,000 Rs. 30
Above Rs. 10,000 toRs. 1 Lakh
Rs. 3 per 1000 or partthereof
Above Rs. 1 Lakh Rs. 6 per 1000 or partthereof (Min Rs. 300)
Cheque Collection - LocalClearing Zone Free
Collection of outstationcheques - our bank locations
Cheques drawn on metro/non-metro cities(Branch Locations)
Cheque value Rs. 0 toRs. 500 No Charges
Cheque value Rs. 501 &above
Re. 1 per 1000 (MinRs. 50)
* Credit on receipt of clear funds
Collection of outstationcheques - other locations
Cheques (MICR) drawn on non-branch locationswith correspondent bank tie-up - 0.40% (Min Rs.50)
Cheques drawn on non-branch locations with nocorrespondent bank tie-up/non-MICR cheques -0.65% + Rs. 25 (Min Rs. 50)
* Credit on receipt of clear funds
Cheque return chargesdrawn on us - Local
Due to insufficient funds - Rs. 350
Due to Technical reasons - No charge
Rs. 400 on non-maintenance of Min balance
Cheque return chargesdrawn on us deposited inother locations
Rs. 75
Cheques deposited -outward
Rs.50
Rs. 100 on non maintenance of Min balance
Balance Enquiry - at Free
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Branch
Balance Certificate Current year - Free, Previous year - Rs. 250
Interest Certificate Rs. 50
TDS Certificate Free
Account ClosureUpto 14 days - No charge15 days upto 6 months - Rs 100/-Above 6 months - No charge
Photo Attestation Rs. 50
Signature AttestationRs. 50Rs. 40 (Senior Citizens / Individuals in Ruralareas)
Address Confirmation Rs. 50
Stop Payment ChargesParticular Cheque - Rs. 50 (Rs. 40 throughPhonebanking), Range of Cheques - Rs. 100 (Rs.80 through Phonebanking)
Cheque status per instance Rs. 25
Standing Instructions Setting up Rs. 150, Rs. 25 per transcation plusremittance charge
Unarranged overdraft NA
Cash Delivery (in selectcities)
Rs. 50 per delivery subject to max value of Rs. 1Lakh
Old records/copy of paidcheques
Upto 1 year - Rs. 50 per record, Above 1 year - Rs.100 per record
Activation of dormantaccount Rs. 100
Branch transactions
Free3 free in the qtr & Rs. 60 per additional transactionon non-maintenance of Min balance (cashdeposit/withdrawal)
Interbranch transactionsthrough teller counters -Funds Transfer
Free
Interbranch transactionsthrough teller counters -Cash transactions
Upto Rs. 50,000/- free, Above Rs. 50,000/- Rs 2.90 per 1,000/-
Third party cashtransactions at non-home
branches through teller counters
Upto a limit of Rs.10,000 per day - Rs.100 (plustaxes). Above Rs.10,000 - Not allowed
Third party cashtransactions at home
branch through teller counters
Free of charge
Local Cheque depositedfor outstation accounts
Cheque value Rs. 0 to Rs.500 No Charge
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Cheque value Rs. 501 &above
Re. 1 per 1000 (Min Rs.50)
Phonebanking - IVR Free
Phonebanking - Non IVR
Free
Rs. 50 per call on non maintenance of Min balance for transactions that are available on IVR but are done through the PhoneBanking executive
ATM Card Free
ATM Card - Replacementcharges Rs. 100 (plus taxes)
ATM Card - Transactioncharge for Partner banks -SBI & Andhra Bank
Rs. 10 per balance enquiry & Rs. 20 per cashwithdrawal (plus taxes)
ATM Card - Transactioncharge for Non-Partner
banks NA
Debit Card - Annual Fee -Regular Free for all account holders for life time
Debit Card - Annual Fee -Gold Rs. 500 per year (plus taxes)
Debit Card - Annual Fee -W omen's Card Rs. 150 per year (plus taxes)
Debit Card - Renewal Fee- Regular NA
Debit Card - Renewal Fee- Gold Rs. 500 per year (plus taxes)
Debit Card - Renewal Fee- W omen's Card Rs. 150 per year (plus taxes)
Debit Card - Replacementcharges
Replacement of a damaged card - No charges &Replacement of a lost card - Rs. 100 (plus taxes)(for all card types)
Debit Card - TransactionCharge - HDFC Bank ATMs
Free
5 free in the qtr & Rs. 30 per additionaltransaction on non-maintenance of Min balance(cash deposit/withdrawal)
Debit Card - TransactionCharge - Non HDFC Bank
Domestic ATMs
Rs. 15 per balance enquiry & Rs. 55 per cashwithdrawal (plus taxes)
Debit Card - TransactionCharge - Non HDFC Bank International ATMs
Rs. 15 per balance enquiry & Rs. 110 per cashwithdrawal (plus taxes)
Debit Card - TransactionCharge - BOI/CanaraBank ATMs (only for Visa Card Holders)
Balance enquiry - Not available & Rs. 100 per cashwithdrawal (plus taxes)
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Debit Card - TransactionCharge - SBI/AndhraBank ATMs
2 Free txns ( Cash W ithdrawal ) per month Rs. 10 per balance enquiry & Rs. 20 per cash withdrawal(plus taxes)
PIN regeneration charge Rs. 25 (plus taxes)
Decline charge for insufficient balance
Transactions declined at other Bank ATMs
anywhere in the world or at a Merchant outletoutside India due to insufficient funds will becharged at Rs. 25 per transaction (plus taxes)
Add-on Debit Card -Regular Free
Add-on Debit Card - GoldCard Rs. 500 per year (plus taxes)
Add-on Debit Card -W omen's Card Rs. 150 per year (plus taxes)
BillPay Free
InstaPay Rs. 10 (plus taxes) per transaction
InstaAlert Free
Visa Money Transfer Rs. 20 (plus taxes) per transaction
EFT Charges - Inward NIL
EFT Charges- outward NIL
RTGS - Outward Rs. 0.25 per 1000 per transaction (Min Rs. 50, MaxRs. 1000) (plus taxes)
RTGS - Inward NIL
Mobilebanking Free
Netbanking Free
Passbook issuance(athome branch) Free
Duplicate passbook issuance Rs 100/-
W elcome to a world of convenience. Presenting SavingsMax account, loaded withmaximum benefits to make your banking experience a pleasure. By maintaining anaverage quarterly balance of just Rs. 25,000/- you get a host of premium services fromHDFC Bank absolutely free*.
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Features & Benefits
Free unlimited transactions: Cash withdrawal and balance enquiry, at all HDFC Bank
ATMs & on any other
Bank's ATM using your HDFC Bank Debit Card.
Free Gold Debit Card for primary account holder for lifetime of the account. GoldDebit Card for other account holders at Rs 250/- p.a.
Free W oman's Advantage/International Debit Card for all account holders for lifetimeof the account.
Free Payable-at-Par (PAP) chequebook, without any usage charges upto a limit of 1 lac
per month.*
Free Demand Drafts on HDFC Bank locations, upto a limit of 50,000/- per day athome branch.
Self/Third Party Cash Deposit/ W ithdrawal at non-home branches, upto Rs 50,000/- per day free. Above Rs
50,000 a charge of Rs 2.90 per thousand on the full amount would be applicable
Optional sweep out facility to transfer extra savings to a Fixed Deposit, at the threshold
of Rs.50,000/-.Inthe event of the balance in SavingsMax account exceeding Rs 50,000/-, the amount inexcess of Rs 50,000/- will be swept out in to a Fixed Deposit with a minimum value of Rs 25000/- for a 1year 1day period.
Free BillPay & InstaAlerts for all account holders for lifetime of the account.
Free Monthly Statement of Account
Folio maintenance charges on Demat account free for first year.
50% off on the Locker rental for the 1st
year only.Free National Electronic Funds Transfer facility, NetBanking, PhoneBanking &
MobileBanking
Free Passbook facility available at home branch for account holders (individuals
Free Email Statement facility .
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Eligibility & A ccount Operation
The following are eligible to open a SavingsMax A ccount:
Foreign Nationals residing in India*.
If you are a Foreign National residing in India, you may open a Savings Account bytemporarily attaching an undertaking (QA 22 form), stating sources of credit and a copyof your Residence Permit.
Resident Individuals (sole or joint account).
Minor below 18 yrs. (account only with guardian).
Hindu Undivided Families.
A ccount Operation
A minimum deposit of Rs. 25,000/- is required to open an account and thereafter anAverage Quarterly Balance of the same amount has to be maintained.
If the AQB in the SavingsMax a/c >= 25,000/- and/or the balance in the FD is >=100,000/-, no AQB non-maintenance charges will be levied.
Transaction charges applicable in case the specified AQB is not been maintained in the previous qtr.
AQB in the SavingsMax a/c between Rs10,000/- and Rs 25,000
Rs. 1000/- per quarter
AQB in the SavingsMax a/c is less than Rs10,000/-
Rs. 1,500/- per quarter
However, if the SavingsMax a/c AQB is =100,000/- nominimum balance charges will apply.
If the AQB in the SavingsMax a/c falls below 25,000/- and balance in the FD is also below 100,000 the following charges would be applicable:
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Fees & Charges for Savings Max A ccount
Description of Charges SavingsMax A ccount
Minimum Balance(Average QuarterlyBalance)
Option 1 Rs. 25,000(Urban/Semi-urban)
Option 2 NIL with a Fixed deposit of Rs.100,000
Charges on nonmaintenance thereof
Option 1
AQB in the SB a/c between Rs.10,000/- and Rs.25,000/-:Rs.1,000/-
per quarter.AQB in the SB a/c is less than Rs.10,000/- : Rs. 1,500/- per quarter.
Option 2
In case of non maintenance of Rs.100,000 Fixed Deposit the
charges mentioned in Option 1would be applicable.
Cheque Book FreeRs. 5 per leaf on non maintenance of Min balance
PAP Cheque book Upto Rs. 100,000 pm - No charges, Above Rs.100,000 - Rs. 2.90 per 1000 on full amount
Account Statements - Free Monthly statements sent by post
Issue of duplicate / adhocstatements
Rs. 100 at Branch or Phonebanking (Non-IVR),Rs. 30 per statement through Netbanking,Rs. 50
per statement through Phonebanking(IVR),ATM &Mobilebanking.
Hold Statement Rs. 400 per year
Passbook issuance* Free
Duplicate passbook issuance* Rs 100/-
ManagersCheques/Demand Drafts-Issuance/Re-issuance - OnHDFC Bank Locations
Free DDs/MCs per account per month withmaximum of Rs. 50,000 per day
Only DD amount upto Rs 100,000 for Preferred& Rs 50,000 for other customers accepted atPhonebanking
Above Rs. 50,000& upto Rs. 1Lakh
Rs. 2.50 per 1000 or partthereof (Min Rs. 150)
Above Rs. 1 LakhRs. 2 per 1000 or part thereof (Min Rs. 250 & Max Rs.5000)
DD request through Netbanking
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Upto Rs. 1 Lakh Rs .30+(Corr. Bank charges if applicable)
Third party DD*upto Rs. 1 Lakhs
Rs .30+(Corr. Bank charges if applicable)
(*Third Party Registration required.Customers registered for Third Party Transfers have a maximum limit o f 5 lacs per cust
id and hence can issue multiple DDs of 1 lacs upto 5 lacs andsend it to the benefiacry address)
ManagersCheque/Demand Drafts -Cancellation /Revalidation
Rs. 50Rs. 40 (Senior Citizens / Individuals in Ruralareas)
Demand Drafts- Issued -On Non HDFC Bank Locations
Rs. 50 plus charges as outlined below:
Upto Rs. 500 Rs. 10
Above Rs. 500 toRs. 1000 Rs. 15
Above Rs. 1000 toRs. 5000 Rs. 25
Above Rs. 5000 toRs. 10,000 Rs. 30
Above Rs. 10,000 toRs. 1 Lakh
Rs. 3 per 1000 or partthereof
Above Rs. 1 Lakh Rs. 6 per 1000 or partthereof (Min Rs. 300)
Cheque Collection - LocalClearing Zone Free
Collection of outstationcheques - our bank locations
Cheques drawn on metro/non-metro cities(Branch Locations)
Cheque value Rs. 0 toRs. 500 No Charges
Cheque value Rs. 501 &above
Re. 1 per 1000 (MinRs. 50)
* Credit on receipt of clear funds
Collection of outstationcheques - other locations
Cheques (MICR) drawn on non-branch locationswith correspondent bank tie-up - 0.40% (Min Rs.50)
Cheques drawn on non-branch locations with nocorrespondent bank tie-up/non-MICR cheques -0.65% + Rs. 25 (Min Rs. 50)
* Credit on receipt of clear funds
Cheque return chargesdrawn on us - Local
Due to insufficient funds - Rs. 350
Due to Technical reasons - No charge
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Rs. 400 on non-maintenance of Min balance
Cheque return chargesdrawn on us deposited inother locations
Rs. 75
Cheques deposited -outward
Rs.50
Rs. 100 on non maintenance of Min balance
Balance Enquiry - atBranch Free
Balance Certificate Current year - Free, Previous year - Rs. 250
Interest Certificate Rs. 50
TDS Certificate Free
Account ClosureUpto 14 days - No charge15 days upto 6 months - Rs 100/-Above 6 months - No charge
Photo Attestation Rs. 50
Signature AttestationRs. 50Rs. 40 (Senior Citizens / Individuals in Ruralareas)
Address Confirmation Rs. 50
Stop Payment ChargesParticular Cheque - Rs. 50 (Rs. 40 throughPhonebanking), Range of Cheques - Rs. 100 (Rs.80 through Phonebanking)
Cheque status per instance Rs. 25
Standing InstructionsSetting up Rs. 150, Rs. 25 per transcation plusremittance charge
Unarranged overdraft NA
Cash Delivery (in selectcities)
Rs. 50 per delivery subject to max value of Rs. 1Lakh
Old records/copy of paidcheques
Upto 1 year - Rs. 50 per record, Above 1 year - Rs.100 per record
Activation of dormantaccount Rs. 100
Branch transactions
Free3 free in the qtr & Rs. 60 per additional transactionon non-maintenance of Min balance (cashdeposit/withdrawal)
Interbranch transactionsthrough teller counters -Funds Transfer
Free
Self/Third party cashtransactions at non-home
branches through teller counters
Upto Rs. 50,000 - per day Free. Above Rs. 50,000- Rs. 2.90 per 1000 on the full amount
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Third party cashtransactions at home
branch through teller counters
Free of charge
Local Cheque deposited
for outstation accounts
Cheque value Rs. 0 to Rs.500 No Charge
Cheque value Rs. 501 &above
Re. 1 per 1000 (Min Rs.50)
Phonebanking - IVR Free
Phonebanking - Non IVR
Free
Rs. 50 per call on non maintenance of Min balance for transactions that are available on IVR but are done through the PhoneBankingexecutive.
ATM Card Free
ATM Card - Replacementcharges Rs. 100 (plus taxes)
ATM Card - Transactioncharge for Partner banks -SBI & Andhra Bank
Free
ATM Card - Transactioncharge for Non-Partner
banks NA
Debit Card - Annual Fee -Regular Free for all account holders for life time
Debit Card - Annual Fee -Gold
Free for primary account holder for life time.Rs.250 per year (plus taxes) for other accountholders.
Debit Card - Annual Fee -W omen's Card Free for all account holders for life time
Debit Card - Renewal Fee- Regular NA
Debit Card - Renewal Fee- Gold
Free for primary account holder for life time.Rs.250 per year (plus taxes) for other accountholders
Debit Card - Renewal Fee- W omen's Card NA
Debit Card - Replacementcharges
Replacement of a damaged card - No charges &Replacement of a lost card - Rs. 100 (plus taxes)
(for all card types)
Debit Card - TransactionCharge - HDFC Bank ATMs
Free
5 free in the qtr & Rs. 30 per additionaltransaction on non-maintenance of Min balance(cash deposit/withdrawal)
Debit Card - TransactionCharge - Non HDFC Bank Free
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Domestic ATMs
Debit Card - TransactionCharge - Non HDFC Bank International ATMs
Rs. 15 per balance enquiry & Rs. 110 per cashwithdrawal (plus taxes)
Debit Card - Transaction
Charge - BOI/CanaraBank ATMs (only for Visa Card Holders)
Free
Debit Card - TransactionCharge - SBI/AndhraBank ATMs
Free
PIN regeneration charge Rs. 25 (plus taxes)
Decline charge for insufficient balance
Transactions declined at other Bank ATMsanywhere in the world or at a Merchant outletoutside India due to insufficient funds will becharged at Rs. 25 per transaction (plus taxes)
Add-on Debit Card -Regular Free
Add-on Debit Card - GoldCard Rs. 250 per year (plus taxes)
Add-on Debit Card -W omen's Card Free
BillPay Free
InstaPay Rs. 10 (plus taxes) per transaction
InstaAlert Free
Visa Money Transfer Rs. 20 (plus taxes) per transaction
EFT Charges - Inward NIL
EFT Charges- outward NIL
RTGS - Outward Rs. 0.25 per 1000 per transaction (Min Rs. 50, MaxRs. 1000) (plus taxes)
RTGS - Inward NIL
Mobilebanking Free
Netbanking Free
Start saving for your child today and secure his/her future. Open a Savings Account and transfer moneyevery month into his/her Kids Advantage Account. Watch the savings grow as your child grows. Theaccumulated savings in the Kids Advantage Account can over the years help in meeting your child's needs
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Features & Benefits
Builds up savings for your child's future
Automatically increases the balance in your Kids Advantage Account by transferring afixed sum from your
Savings Account every month.
Amounts in excess of Rs. 5,000/- over and above a balance of Rs. 10,000/- getsconverted into Fixed Deposits for a specified period in your child's name.
Free International Debit Card for your child (above 7 years of age) with a maximumdrawing capability of Rs. 2,500/- per day.
Free Education Insurance cover of up to Rs. 1,00,000/- for your child with every KidsAdvantage Account.
Net Banking facility to monitor both, your Savings Account as well as your KidsAdvantage Account.
Free Email Statement facility
Opt for systematic Investment in Mutual Funds to plan for your childs future.
Free Passbook facility available at home branch for account holders (individuals).
Free InstaAlerts for all account holders for lifetime of the account.
Free Funds Transfer between your Savings Account and your Kids AdvantageAccount.
Eligibility
You can open a Kids Advantage Account as long as your child is a minor and you havea Savings Account with us.
If you do not have a HDFC Savings Account, you will need to open an account.
H ow to Open a Kids Advantage Account
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Open a Savings Account with HDFC Bank (If you already have a savings account withus, you need not open a new account).
Invest a minimum sum of Rs. 10,000/- in the name of your child as a Fixed Depositwith a minimum term period of 6 months and 1 day. A new Kids Advantage Account that
links to this Fixed Deposit will be opened up in your child's name.
Instruct the bank to transfer a standard amount (min. Rs. 500/-) from your SavingsAccount every month to your child's Kids Advantage Account.
Over a period, when the balance in the Kid's Advantage Account exceeds Rs.10,000/-,the amount in excess of Rs.5,000 will be transferred into a new Fixed Deposit, for aspecific period in your child's name.
If the balance in your child's Fixed Deposit falls below Rs. 10,000/- service chargeswill apply.
Fees & Charges for Kids A dvantage A ccount
Description of Charges Kids A dvantage A ccount
Minimum Balance(Average QuarterlyBalance)
Option 1 Rs. 5000 (Urban & Semi-urban)
Option 2 NIL with a Fixed deposit of Rs.10,000
Charges on nonmaintenance thereof
AQB less than Rs. 5000 (Urban & Semi-urban) -Charges of Rs. 300 per qtr
Cheque Book Free
PAP Cheque book NA
Account Statements - Free Monthly statements to be Collected from branch.Quarterly statements sent by post
Issue of duplicate / adhocstatements
Rs. 100 at Branch or Phonebanking (Non-IVR),Rs. 30 per statement through Netbanking,Rs. 50
per statement through Phonebanking(IVR),ATM& Mobilebanking.
Hold Statement Rs. 400 per year
Passbook issuance* Free
Duplicate passbook issuance* Rs 100/-
ManagersCheques/Demand Drafts-Issuance/Re-issuance - OnHDFC Bank Locations
DD request through Branch
Upto Rs.10000
Rs.50Rs. 40 (Senior Citizens /
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Individuals in Rural areas)
AboveRs.10,000 &upto Rs.50,000
Rs. 75 (Rs. 50 throughPhonebanking)Rs. 60 (Senior Citizens /Individuals in Rural areas)
**Only DD amount upto Rs100,000 for Preferred & Rs50,000 for other customersaccepted at Phonebanking
Above Rs.50,000 & uptoRs. 1 Lakh
Rs. 2.50 per 1000 or partthereof (Min Rs. 150)
Above Rs. 1Lakh
Rs. 2 per 1000 or part thereof (Min Rs. 250 & Max Rs. 5000)
DD request through Netbanking
Upto Rs. 1Lakh
Rs .30+(Corr. Bank charges if applicable)
Third partyDD* upto Rs.1 Lakhs
Rs .30+(Corr. Bank charges if applicable)
(*Third Party Registration required.Customers registered for Third Party Transfers have a maximum limit o f 5 lacs per custid and hence can issue multiple DDs of 1 lacs upto 5 lacs andsend it to the benefiacry address)
Managers Cheque/DemandDrafts - Cancellation /Revalidation
Rs. 50Rs. 40 (Senior Citizens / Individuals in Ruralareas)
Demand Drafts- Issued -On Non HDFC Bank Locations
Rs. 50 plus charges as outlined below:
Upto Rs. 500 Rs. 10Above Rs. 500 toRs. 1000 Rs. 15
Above Rs. 1000 toRs. 5000 Rs. 25
Above Rs. 5000 toRs. 10,000 Rs. 30
Above Rs. 10,000to Rs. 1 Lakh
Rs. 3 per 1000 or partthereof
Above Rs. 1 Lakh Rs. 6 per 1000 or partthereof (Min Rs. 300)
Cheque Collection - LocalClearing Zone Free
Collection of outstationcheques - our bank locations
Cheques drawn on metro/non-metro cities(Branch Locations)
Cheque value Rs. 0 toRs. 500 No Charges
Cheque value Rs. 501 &above
Re. 1 per 1000 (MinRs. 50)
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* Credit on receipt of clear funds
Collection of outstationcheques - other locations
Cheques (MICR) drawn on non-branchlocations with correspondent bank tie-up -0.40% (Min Rs. 50)
Cheques drawn on non-branch locations with nocorrespondent bank tie-up/non-MICR cheques -0.65% + Rs. 25 (Min Rs. 50)
* Credit on receipt of clear funds
Cheque return chargesdrawn on us - Local
Due to insufficient funds - Rs. 350
Due to Technical reasons - No charge
Cheque return chargesdrawn on us deposited inother locations
Rs. 75
Cheques deposited -outward Rs. 50
Balance Enquiry - atBranch Free
Balance Certificate Current year - Free, Previous year - Rs. 250
Interest Certificate Rs. 50
TDS Certificate Free
Account ClosureUpto 14 days - No charge15 days upto 6 months - Rs 100/-Above 6 months - No charge
Photo Attestation Rs. 50
Signature AttestationRs. 50Rs. 40 (Senior Citizens / Individuals in Ruralareas)
Address Confirmation Rs. 50
Stop Payment ChargesParticular Cheque - Rs. 50 (Rs. 40 throughPhonebanking), Range of Cheques - Rs. 100 (Rs.80 through Phonebanking)
Cheque status per instance Rs. 25
Standing InstructionsSetting up Rs. 150, Rs. 25 per transcation plusremittance charge
Unarranged overdraft NA
Cash Delivery (in selectcities)
Rs. 50 per delivery subject to max value of Rs. 1Lakh
Old records/copy of paidcheques
Upto 1 year - Rs. 50 per record, Above 1 year -Rs. 100 per record
Activation of dormant Rs. 100
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account
Branch transactions Free
Interbranch transactionsthrough teller counters -Funds Transfer
Free
Interbranch transactionsthrough teller counters -Cash transactions
Upto Rs. 50,000 - Free, Above Rs. 50,000 - Rs.2.90 per 1000
Local Cheque deposited for outstation accounts
Cheque value Rs. 0 to Rs.500 No Charge
Cheque value Rs. 501 &above
Re. 1 per 1000 (MinRs. 50)
Phonebanking - IVR Free
Phonebanking - Non IVR
Free
Rs. 50 per call on non maintenance of Min
balance for transactions that are available onIVR but are done through the PhoneBankingexecutive
ATM Card Free
ATM Card - Replacementcharges Rs. 100 (plus taxes)
ATM Card - Transactioncharge for Partner banks -SBI & Andhra Bank
Rs. 10 per balance enquiry & Rs. 20 per cashwithdrawal (plus taxes)
ATM Card - Transactioncharge for Non-Partner
banks NA
Debit Card - Annual Fee -Regular Rs. 100 per year (plus taxes)
Debit Card - Annual Fee -Gold Rs. 500 per year (plus taxes)
Debit Card - Annual Fee -W omen's Card Rs. 150 per year (plus taxes)
Debit Card - Renewal Fee -Regular Rs. 100 per year (plus taxes)
Debit Card - Renewal Fee -Gold Rs. 500 per year (plus taxes)
Debit Card - Renewal Fee -W omen's Card Rs. 150 per year (plus taxes)
Debit Card - Replacementcharges
Replacement of a damaged card - No charges &Replacement of a lost card - Rs. 100 (plus taxes)(for all card types)
Debit Card - TransactionCharge - HDFC Bank ATMs
Free
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Debit Card - TransactionCharge - Non HDFC Bank Domestic ATMs
Rs. 15 per balance enquiry & Rs. 55 per cashwithdrawal (plus taxes)
Debit Card - TransactionCharge - Non HDFC Bank International ATMs
Rs. 15 per balance enquiry & Rs. 110 per cashwithdrawal (plus taxes)
Debit Card - TransactionCharge - BOI/Canara Bank ATMs (only for Visa CardHolders)
Balance enquiry - Not available & Rs. 100 per cash withdrawal (plus taxes)
Debit Card - TransactionCharge - SBI/Andhra Bank ATMs
Rs. 10 per balance enquiry & Rs. 20 per cashwithdrawal (plus taxes)
PIN regeneration charge Rs. 25 (plus taxes)
Decline charge for insufficient balance
Transactions declined at other Bank ATMsanywhere in the world or at a Merchant outletoutside India due to insufficient funds will becharged at Rs. 25 per transaction (plus taxes)
Add-on Debit Card -Regular
Rs. 100 per year (plus taxes) - One add-on cardfree for the first year
Add-on Debit Card - GoldCard Rs. 500 per year (plus taxes)
Add-on Debit Card -W omen's Card Rs. 150 per year (plus taxes)
BillPay Rs. 25 (plus taxes) per qtr per Customer ID
InstaPay Rs. 10 (plus taxes) per transaction
InstaAlert Free
Visa Money Transfer Rs. 20 (plus taxes) per transaction
EFT Charges - Inward NIL
EFT Charges- outward NIL
RTGS - Outward Rs. 0.25 per 1000 per transaction (Min Rs. 50,Max Rs. 1000) (plus taxes)
RTGS - Inward NIL
Mobilebanking Free
Netbanking Free
ECS (Debit) Return
ChargesRs 200 (plus taxes)
Passbook facility availableat home branch for accountholders (individuals)
Free
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The Family Savings Group links together upto four individual HDFC Bank accounts (same family) under asingle group. Take advantage of the group Average Quarterly Balance (AQB) and operate your individualaccounts without worrying about minimum balance.
Features & Benefits
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All account holders can operate their account freely without worrying about their minimum balance.
Family members with NRI status can also be part of the group.
Get 5 Free Cash withdrawal transactions on SBI ATMs per group per month.
Upto 2 free DD's/ MC's on HDFC Bank locations per account per month (max. up toRs. 25,000/- per instrument per day).
Free International Debit Card for all account holders till the account is part of theFamily group. (NRO Accounts will be issued only ATM cards
Free BillPay & InstaAlerts facility for all account holders till the account is part of theFamily Group.
Free Standing Instructions for investment into Mutual Funds.Free OneView to access all your accounts.
Free MobileBanking, NetBanking & PhoneBanking
Enjoy a Savings account to Savings acount sweep-in to a nominated account (sweep-into NRE accounts not permitted from resident / NRO accounts).
Payable-at-par facility at a nominal cost for all accounts in the family group.**
**Available only on request at the branch.
Cash delivery @ Rs. 50/- per delivery***
Free Passbook facility available at home branch for account holders (individuals).A vail Preferential pricing on:
Lockers : 25% Discount on the annual rent.
Gold Debit Card : Rs. 250/- for life for all account holders till they are a part of theFamily Savings Group.
Demat A ccount : 1st year Folio maintenance charges waived for all new demataccounts opened.
HSL Trading a/c : Special Registration price of Rs. 649/- for all new HSL accountsopened.
Mudra Gold Bars : Special relationship discount.
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Titanium Credit Card : Special one-time fee of Rs. 999/- for the primary applicant of all a/cs grouped. Add-on cards free.
Gold Credit Card : Special one-time fee of Rs. 750/- for the primary applicant of alla/cs grouped. Get an
add-on card Free.
Silver/ V alue Plus Credit Card : Free for life-time.
E ligibility
All members should hold individual HDFC Bank accounts.
A member of the family with an NRI status can also be part of this groupaccount.
No more than 4 members can form a Family Savings Group.
Fees & Charges for Family Savings Account
Description of Charges Family Savings Account
Minimum Balance(Average QuarterlyBalance)
Rs. 25,000 (Urban & Semi-urban)
Charges on nonmaintenance thereof
AQB between Rs. 25,000 & Rs. 10,000 -Charges of Rs. 1000 per group per qtr.Charged to the account with the highestbalance.
AQB is less than Rs. 10,000 - Charges of Rs. 1500 per group per qtr. Charged to theaccount with the highest balance.
Cheque Book Free
PAP Cheque book Upto Rs. 50,000 pm - No charges, Above Rs.50,000 - Rs. 2.90 per 1000 on full amount
Account Statements Free
Monthly statements to be Collected frombranch.Quarterly statements sent by post
Issue of duplicate /adhoc statements
Rs. 100 at Branch or Phonebanking (Non-IVR), Rs. 30 per statement throughNetbanking,Rs. 50 per statement through
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Phonebanking(IVR),ATM & Mobilebanking.
Hold Statement Rs. 400 per year
Passbook issuance* Free
Duplicate passbookissuance* Rs 100/-
ManagersCheques/DemandDrafts- Issuance/Re-issuance - On HDFCBank Locations
2 free DDs/Mcs per account per month withmaximum of Rs. 25,000 per DD per day
DD request through Branch
Upto Rs.10000
Rs.50Rs. 40 (Senior Citizens /Individuals in Rural areas)
AboveRs.10,000 &
upto Rs.50,000
Rs. 75 (Rs. 50 throughPhonebanking)Rs. 60 (Senior Citizens /Individuals in Rural areas)
**Only DD amount upto Rs100,000 for Preferred & Rs50,000 for other customersaccepted at Phonebanking
Above Rs.50,000 &upto Rs. 1Lakh
Rs. 2.50 per 1000 or partthereof (Min Rs. 150)
Above Rs. 1Lakh
Rs. 2 per 1000 or partthereof (Min Rs. 250 &Max Rs. 5000)
DD request through Netbanking
Upto Rs. 1Lakh
Rs .30+(Corr. Bankcharges if applicable)
Third partyDD* upto Rs.1 Lakhs
Rs .30+(Corr. Bankcharges if applicable)
(*Third Party Registration required.Customersregistered for Third Party Transfers have a maximumlimit of 5 lacs per cust id and hence can issue multipleDDs of 1 lacs upto 5 lacs and send it to the benefiacryaddress)
ManagersCheque/Demand Drafts -Cancellation /Revalidation
Rs. 50Rs. 40 (Senior Citizens / Individuals in Ruralareas)
Demand Drafts- Issued -On Non HDFC BankLocations
Rs. 50 plus charges as outlined below:
Upto Rs. 500 Rs. 10
Above Rs. 500 toRs. 1000 Rs. 15
Above Rs. 1000to Rs. 5000 Rs. 25
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Above Rs. 5000to Rs. 10,000 Rs. 30
Above Rs. 10,000to Rs. 1 Lakh
Rs. 3 per 1000 or partthereof
Above Rs. 1 Lakh Rs. 6 per 1000 or partthereof (Min Rs. 300)
Cheque Collection -Local Clearing Zone Free
Collection of outstationcheques - our banklocations
Cheques drawn on metro/non-metro cities(Branch Locations)
Cheque value Rs. 0to Rs. 500 No Charges
Cheque value Rs.501 & above
Re. 1 per 1000 (MinRs. 50)
* Credit on receipt of clear funds
Collection of outstationcheques - other locations
Cheques (MICR) drawn on non-branchlocations with correspondent bank tie-up -0.40% (Min Rs. 50)
Cheques drawn on non-branch locationswith no correspondent bank tie-up/non-MICR cheques - 0.65% + Rs. 25 (Min Rs.50)
*Credit on receipt of clear funds
Cheque return chargesdrawn on us - Local
Due to insufficient funds - Rs. 350
Due to Technical reasons - No charge
Cheque return chargesdrawn on us deposited inother locations
Rs. 75
Cheques deposited outward Rs. 50
Balance Enquiry - atBranch Free
Balance Certificate Current year - Free, Previous year - Rs. 250
Interest Certificate Rs. 50
TDS Certificate Free
Account ClosureUpto 14 days - No charge15 days upto 6 months - Rs 100/-
Above 6 months - No charge
Photo Attestation Rs. 50
Signature AttestationRs. 50Rs. 40 (Senior Citizens / Individuals in Ruralareas)