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HDFC clarification on Charges for Cash Withdrawals

Posted by Rajani Properties on March 11, 2017
| 0

HDFC BANK
 
IMPORTANT NOTICE
 
REVISION OF FEES AND CHARGES – SAVINGS & SALARY ACCOUNTS
 
(EFFECTIVE 01st March 2017)
 
Effective 01st March 2017, cash transaction charges for Savings and Salary accounts are being revised as follows:
 
Sr. No Charge Type Revised charges
1 Number of Cash transactions(Cumulative of Deposit and Withdrawal)
4 free cash transactions per month
5th transaction onwards – Rs.150/- per transaction (plus taxes & cess) would be levied
SB Max Customers– 5 free cash transactions per month,
6th transaction onwards – Rs.150/- per transaction (plus taxes & cess)
2 Value of Cash  transactions(Cumulative of Deposit and  Withdrawal)
Home Branch:
2 lakh —Free per month per account.
Above 2 lakh—Rs.5/- per thousand or part thereof, subject to a minimum of Rs.150/-(plus taxes & cess)
Non-Home Branch:
Cash transactions value upto 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)
3 Third party  Cash  transaction (Cumulative of Deposit and Withdrawal)
Up to a limit of Rs.25,000/- per day —Rs.150/- (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
4 Cash Handling charges Withdrawn effective 01st March, 2017
 
(Above charges not applicable to Prime, Classic, Preferred, Impede 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)

 

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