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Friday, 3 February 2017

Bank Cash Transaction New Rules

Present Cash transaction rules as under

Description of ChargesInstitutional Current Account
Balance Requirement
Average Quarterly BalanceNil
Cash Transactions
Cash Deposit
Cash Deposit-Home  Branch CityFree upto Rs.50 lac per month or 50 transaction, whichever is lower; Deposits in excess will be charged at Rs.4/- per  Rs.1000/-; minimum of Rs. 50/- per transactions
Cash Deposit- Non-home Branch CityCharges at Rs.3.5/- per  Rs.1000/-; minimum of Rs. 50/- per transactions
Operational limit for Cash Deposit -Non Home BranchMaximum Rs.1, 00,000/- per account per day.
Cash Withdrawal
Cash Withdrawal-Home BranchFree
Cash Withdrawal-Non Home BranchFree cash withdrawal up to Rs.1, 00,000/- per day beyond which charges @ Rs.2/1000, min Rs.50/- per transaction; Third party cash withdrawal allowed only up to maximum Rs. 50,000/- per transaction.

Hdfc Bank Publish new Cash transaction rules which is efective from 1 march 2017
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