If you Have an Account in HDFC Bank, Then This is the News for you

If You Have An Account In HDFC Bank, Then This Is The News for you

October 19, 2022: If your account is also in the country’s largest private sector bank HDFC, then this news can prove to be of your use.

Crores of people transact with HDFC Bank every day, so this new decision of the bank is going to affect them all.

In fact, after increasing the interest rate on HCLR-based loans, now the bank has decided to increase the charge on cash deposits in the accounts.

This decision of the bank will come into effect from November 1. These charges will be levied after the free limit for cash deposits is exhausted.

These accounts will be charged by the bank

As per the information given on the HDFC Bank website, most of the charge current accounts i.e. Current Accounts, Asset Current Account, Regular Current Account, E-Commerce Current Accounts, Professional Current Accounts, Agri Current Accounts, Trade Current Accounts, Flexi Current Accounts, Hospitals/ Nursing Home, Merchant Advantage Current Account, etc. will be charged on the accounts.

After the earlier declared free limit was exhausted, Rs 3 per 1000, or at least Rs 50 was charged on a transaction.

But now from November 1, the bank will be charged Rs 3.5 per thousand rupees. However, the charge per transaction will remain at Rs 50 only.

A savings account will not be charged

It has also been made clear by HDFC that this charge has been increased only for those current account holders who have taken a particular service.

There has been no change in the charges levied on savings account holders. Let us inform that after increasing the repo rate by RBI, Axis Bank, State Bank of India, ICICI Bank and Federal Bank also increased the MCLR-based interest rates.

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