The revised rates put up on the HDFC Bank's website show that the charges have been revised for different types of accounts including Max Advantage Current Account, Ascent Current Account, Activ Current Account, Plus Current Account, Premium Current Account, Regular Current Account, E-Commerce Current Account, Professional Current Account, Agri Current Account, Trade Current Account, Flexi Current Account, Current Account for Hospitals / Nursing Homes, Merchant Advantage Current Account, Merchant Advantage Plus Current Account, Apex Current Account, Ultima Current Account and Max Current Account. The bank has now decided to increase cash deposit charges with effect from November 1 for deposits beyond free limits. The move to hike these fees is in line with a strategy to encourage customers to use online mode and reduce cash handling and the related transaction processes at branches and ATMs, they added.Ī number of other credit card issuing banks also charge processing fees for cash payments, although the charges vary from one to another bank.HDFC Bank is the largest private-sector bank in the country and continues to remain a banking partner of millions of customers. The bank officials said there is a lot of manual work involved in branch-level transactions and that is the reason customers are asked to pay for these services.

Last fiscal, credit card users spent an average Rs 55,000 ? almost 3 times the Rs 19,000 spent five years ago. HDFC Bank has a network of more than 2,500 branches and over 9,000 ATMs across the country.Īccording to estimates, about one-third of total credit card users make cash payments. Out of the 1.76 crore outstanding credit cards in the country as on March 2012, HDFC Bank is the largest issuer of such cards with about 56 lakh customers, accounting for about 32 per cent of the overall market size.īesides payments made through cheques and internet, customers also use the bank branches and ATMs for cash deposits to settle their monthly credit card bills. In a circular to its customers, the bank said that the 'fee for payments made by depositing cash at HDFC Bank branches/ATMs will be revised to Rs 100, effective November 1, 2012.' The bank currently charges a processing fee of Rs 50 for every credit card repayment made in cash at its branches and ATMs. Leading private sector lender HDFC Bank will double the fees charged on cash payments made towards credit card bills to Rs 100 from the next month.

Hdfc bank cash deposit charges