HDFC Bank has comprehensively revised charges for certain banking services such as cash transactions, cheque services, certificate issuance and electronic fund transfers for savings, salary and non-resident customers. Revised charges are applicable from August 1.
Lower free cash transaction limit
The bank has reduced the number of free monthly cash transactions. Earlier, the cap limit for self and third-party transactions was Rs 2 lakh, but it has now been reduced to Rs 1 lakh per month per account. There are still four free transactions per month. Beyond that, Rs 150 will be charged per transaction.
The charge for services such as balance certificate, interest certificate, and address confirmation would be Rs 100 for regular customers and Rs 90 for senior citizens when availed of physically at branches. Old records, copy of paid cheques cost Rs 80 for regular customers and Rs 72 for senior citizens.
Revised fund transfer and return fees
The ECS (electronic clearing service) and ACH (automated clearing house) return charges have been revised from Rs 500 earlier to first return at Rs 450 (senior citizen – Rs 400), second return at Rs 500 (senior citizen – Rs 450) and third onwards at Rs 550 (senior citizen – Rs 500).
The real time gross settlement (RTGS) charges have been revised to Rs 20 for transactions between Rs 2 lakh and Rs 5 lakh and Rs 45 for transactions above Rs 5 lakh.
National Electronic Funds Transfer (NEFT) charges have also been revised with effect from August 1. For transactions up to Rs 10,000, the fee will be Rs 2 while Rs 4 will be charged for transactions between Rs 10,000 and Rs 1 lakh. Customers will have to pay Rs 14 for transactions between Rs 1 lakh and Rs 2 lakh and Rs 24 for above Rs 2 lakh.
The IMPS (immediate payment service) charges for up to Rs 1,000 will be Rs 2.50 for regular customers; between Rs 1,000 and Rs 1 lakh, the charge would be Rs 5, and Rs 15 for transactions above Rs 1 lakh.