HDFC Current Account Types Primary Features

Max Advantage Current Account Free NEFT / RTGS / IMPSUnlimited DD at bank locatio

Multiplier advantages across all transactions50 DD and

Ascent Current Account
POs free (per month)

30 DD and POs free (per month)Cash & Cheque pickup

Activ Current Account
and cash deliveries

50 DD and 50 POs a month free from any HDFC

Plus Current Account
branchFree local / intercity cheque collection & paymen

Free DD above Rs.1 lakhSecure pick-up and delivery of

Premium Current Account
cash and cheques with Doorstep Banking

Free local or intercity cheque collection and paymentQu

Regular Current Account
alert on transactions via InstaAlert Service

Avail allied services for startups at special ratesGet a

Smartups for Startups
choice of 2 accounts as per the requirement

Zero non-maintenance charges for 2 calendar half

Saksham Current Account
yearsAvail Doorstep Banking facility

Nodal Account to manage aggregator businessPPI Escro

E-Commerce Current Account
Account for online wallet

30 DD and 30 POs a month free from any HDFC Bank

Current Account for Professionals branchFree local or intercity cheque collection and
payment

Agri Current Account Free local or intercity cheque collection and paymentFre
 DD above Rs.50,000

Government / Institutional Current

No HDFC Bank current account minimum balance
Account(HDFC Zero Balance Current
requirement. Unlimited and free DD and PO
Account)

Open account in 3 currencies – USD, EUR, GBPGet

RFC– Domestic Account
professional rates on conversion to local currency

Exchange Earners Foreign Currency Can be opened in USD / Euro / GBP currenciesRetain
Account forreing exchange in the currency

What is the minimum balance required in hdfc current

account ?
It depends upon the type of Current account you are opening, for SmartUp Alpha
Current Accouny & Government / Institutional Current Account(HDFC Zero
Balance Current Account) you don’t need a minimum balance. But in other hdfc
current accounts you may require Rs. 10,000 as minimum balance.

Here’s How to Open HDFC Current Bank Account :

To open a HDFC Bank Current Account, all you need to do is:

 Check your eligibility criteria for opening a Current Account. Most

banks have very liberal eligibility criteria for opening a Current
Account. NRIs can open a Current Account out of the proceeds from
an NRO (Non-Resident Ordinary)/NRE (Non-ResidentRupee)/FCNR
(Foreign Currency Non-Resident) account only. This amount will not
be available for repatriation outside India.
 Download the account opening form from the bank’s website.
Alternatively, this form will also be available at any bank branch
that is nearest to you.
 Fill up the opening form with all the relevant and necessary details.
 Collect the list of documents that will be required by the bank. If
you already are a customer of the bank and are complying with KYC
regulations, you may have a different list of documents that will be
needed by the bank. Therefore, it is essential to confirm the list.
Some of the documents required for opening a Current Account are:
  Proof of the existence of the business
 Proof of address of the business
 KYC of the proprietor
 Tax registration documents
 Licences from relevant authorities.
 Once the account opening form is filled, attach the necessary
documents and submit the same to the bank.
 The bank will get back to you once the account has been opened.

HDFC savings account interest rate 2021:

As per the current rates, HDFC Bank offers maximum interest rate of 3.50% on
Savings Account.

Bank Balance Interest Rate (% p.a.)

Rs. 50 lakh and above 3.50

Below Rs. 50 lakh 3.00

HDFC Bank Current Account

A current account can be opened by business owners and professionals who deal with a number of
transactions on a daily basis. In this article, we look at the various types of HDFC bank current
account that can be opened by business persons in detail.

Features of HDFC Current Account

The following are some of the main features of opening a current account with the HDFC bank.

Current account is designed to enable businessmen and self-employed professionals to conduct

their business transactions efficiently.

Current accounts include free cash deposits and free cash withdrawals at home location with a
specified limit of Rs. 2 lakhs.
Current accounts are non-interest bearing accounts and need a higher minimum balance to be
maintained as compared to the savings account.

Current account holders can easily avail overdraft facilities, internet banking and mobile banking.

Eligibility Criteria – HDFC Current Account

In general, the below-specified business entities can open the current account:

Resident Individual

Hindu Undivided Family (HUF)

Sole Proprietorship Firm

Partnership Firm

Private or Limited Company

Limited Liability Partnership

Trust/Association/Club/Society

Documents Required

To open a current account in HDFC bank, the following are the list of self-attested documents to be
submitted:

Resident Individual

Prescribed Application Form

Identity Proof: PAN Card, Aadhar Card, Driving License, Voter ID Card, etc.

Address Proof: Aadhar Card, Valid Passport, Utility bill, Property tax bill, etc.

Two passport size colour photographs

Account opening Cheque from existing Savings/Individual Current Account

Hindu Undivided Family (HUF)

Id Proof and Address Proof of the Karta

Deed of declaration of HUF

Photos of karta.

Sole Proprietorship Firm

Pan Card of the firm/ID or address proof

Photos of the partners

ID proof of the person holding POA

Partnership deed

Partnership registration certificate

Public/Private Limited Company

ID proof of all directors

Pan card with authorized signatures

Incorporation Certificate

Memorandum of Association (MoA)

Articles of Association (AoA).

Board Resolution (BR).

Trust, Society, Association & Club (TASC)

Constitution document of the entity

The updated directors list to be submitted.

Identity Proof: PAN Card of the entity

Address Proof: Aadhar Card of the sole proprietor/ entity, Valid Passport, etc.

Limited Liability Partnership (LLP)

Registration Certificate issued by Registrar of LLP.

Identity Proof: PAN Card of the entity

Address Proof: Aadhar Card of the sole proprietor/ entity, Valid Passport, etc.

Two passport size colour photographs

LLP agreement.

Designated partners updated list.

HDFC Bank Current Account

A current account can be opened by business owners and professionals who deal with a
number of transactions on a daily basis. In this article, we look at the various types of HDFC
bank current account that can be opened by business persons in detail.
Features of HDFC Current Account
The following are some of the main features of opening a current account with the HDFC
bank.

 Current account is designed to enable businessmen and self-employed professionals

to conduct their business transactions efficiently.
 Current accounts include free cash deposits and free cash withdrawals at home
location with a specified limit of Rs. 2 lakhs.
 Current accounts are non-interest bearing accounts and need a higher minimum
balance to be maintained as compared to the savings account.
 Current account holders can easily avail overdraft facilities, internet banking and
mobile banking.

Eligibility Criteria – HDFC Current Account

In general, the below-specified business entities can open the current account:

 Resident Individual
 Hindu Undivided Family (HUF)
 Sole Proprietorship Firm
 Partnership Firm
 Private or Limited Company
 Limited Liability Partnership
 Trust/Association/Club/Society

Documents Required
To open a current account in HDFC bank, the following are the list of self-attested
documents to be submitted:

Resident Individual
 Prescribed Application Form
 Identity Proof: PAN Card, Aadhar Card, Driving License, Voter ID Card, etc.
 Address Proof: Aadhar Card, Valid Passport, Utility bill, Property tax bill, etc.
 Two passport size colour photographs
 Account opening Cheque from existing Savings/Individual Current Account

Hindu Undivided Family (HUF)

 Id Proof and Address Proof of the Karta
 Deed of declaration of HUF
 Photos of karta.

Sole Proprietorship Firm

 Pan Card of the firm/ID or address proof
  Photos of the partners
 ID proof of the person holding POA
 Partnership deed
 Partnership registration certificate

Public/Private Limited Company

 ID proof of all directors
 Pan card with authorized signatures
 Incorporation Certificate
 Memorandum of Association (MoA)
 Articles of Association (AoA).
 Board Resolution (BR).

Trust, Society, Association & Club (TASC)

 Constitution document of the entity
 The updated directors list to be submitted.
 Identity Proof: PAN Card of the entity
 Address Proof: Aadhar Card of the sole proprietor/ entity, Valid Passport, etc.

Limited Liability Partnership (LLP)

 Registration Certificate issued by Registrar of LLP.
 Identity Proof: PAN Card of the entity
 Address Proof: Aadhar Card of the sole proprietor/ entity, Valid Passport, etc.
 Two passport size colour photographs
 LLP agreement.
 Designated partners updated list.

PLUS CURRENT ACCOUNT

Features

 Deposit Cash upto Rs. 10 lacs or 50 transactions per month Free of cost at home
branch location.
 Deposit Cash upto Rs. 2 lacs per month or 5 transactions per month Free of cost at
non home branch location.
 Unlimited free Cash Withdrawal at Home Branch & free cash withdrawal of upto Rs.
10 lacs per month at any non home branch (within & outside the city). Get 300 Free
Payable-at-par / Local Cheque leaves per month*
 Free payment and collection through RTGS and NEFT
 Get 50 Pay Orders & Demand Drafts Free per month at Bank location
 Free monthly account statement.
 Free Insta-Alerts to alert on happening of select transactions in your account.
  Faster inter-city cheque collections and daily real-time information with Cash
Management Services (CMS). With CMS you get customised MIS on your cheque
collections which help you track your cheque collections efficiently. Click here
 Bulk payments to vendors and salary payments to employees hassle-free with ENET,
our superior online banking platform. With ENET, you will get the benefits of bulk
cheque / Demand Draft Printing, Salary upload, Tax payments, etc. through a single
upload file. You can have multiple layers of authorisation to ensure complete control.
 Forex services including FOREX Travellers’ Cheques, FOREX Cash and a FOREX
Plus Card when you travel.

Premium current account

Features

Make the Most of Your Money

 Free Cash Deposits up to Rs. 3 lakhs per month* across all HDFC Bank branches in
your city
Transact with Ease

 100 free Payable-at-Par cheque leaves per month

 Free Demand Drafts above Rs. 100,000. Demand drafts up to Rs. 50,000 at flat cost
of Rs. 40 and Demand Drafts above Rs. 50,000 and up to Rs.100,000 at a nominal
cost of Rs. 25. Demand Drafts can be issued from any HDFC Bank branch.
 Free Pay Orders above Rs. 100,000. Pay Orders up to Rs. 50,000 at a flat cost of Rs.
40 and Pay Orders above Rs. 50,000 and up to Rs. 100,000 at a nominal cost of Rs.
25. Pay Orders can be issued from any HDFC Bank branch.
 Secure pick-up and delivery of cash and cheques with Doorstep Banking
 Free Local or Intercity cheque collection and payments across all HDFC Bank
Locations
 Free collection through RTGS and NEFT
 Free HDFC Bank account to account fund transfers
 Easy banking with facilities like NetBanking, PhoneBanking and MobileBanking that allow
you to check your account balance, pay utility bills, or even stop cheque payments via
SMS

\

Regular current account

Features

Avail of Non Cash Services

  Free local or intercity cheque collection and payments across all HDFC Bank
locations.
 Free transfer of funds across cities between HDFC Bank accounts.
 You can issue free Demand Drafts (DD) and Pay Order for values above Rs.100, 000.
For DD’s up to Rs.50, 000 there will be a charge of Rs.40. DD’s above Rs.50, 000 and
below Rs.100,000 a charge of Rs.25 will be levied.
 Free collection of funds through RTGS and NEFT
 Get a payable-at-par cheque book at a nominal price.
High Transaction Amounts

Enjoy Free Cash Deposits up to Rs. 2 lakhs per month* across all HDFC Bank Branches in your
city.

Easy Banking

 Once you register, you can receive InstaAlerts and get updates on your account
depending on the process of your transaction.
 For your convenience and security you benefit Door Step Banking, where cash and
cheque picks and cash deliveries can be arranged at your doorstep. This will be done
through a reputed agency.
You can even enjoy the privilege of 24 hour PhoneBanking, Net Banking and
MobileBanking to check your account transaction details, the status of your cheque and stop
cheque payments

HDFC BANK SmartUp Alpha Current Account

 Zero Average Quarterly Balance (AQB) requirement for first six months; post 6 Months
Rs.25,000/- AQB (extendable up to 6 more months in case customer makes 2 or more debit
transactions within 6 months of account opening)

 Unlimited Free NEFT/ RTGS/Fund transfer payments through Net-Banking/ENET.

 Free 100 payable at par cheque leaves per month.

 Cash Deposit free up to 12 times the Current Month Average Monthly Balance (AMB) or
25 transactions which ever is breached first (subject to maximum Rs. 1 Cr per month)

 Free monthly account statement, Insta-Alerts, access to Internet Banking & Mobile
Banking
  Annual Fee waiver on Business Debit Card

KNOW MORE

HDFC BANK SmartUp Growth Current Account

 Minimum Balance Requirement Rs. 50,000/- Average Quarterly Balance (AQB)

 Unlimited Free NEFT/ RTGS/Fund transfer payments through Net-Banking/ENET and

Branch.

 100 cheque leaves for every slab of Rs. 1 lac of current month Average Monthly Balance
(AMB) maintained. (Subject to maximum of 2000 cheque leaves)

 Free monthly cash deposits up to 10 times the current month AMB (subject to maximum
Rs. 50 Cr per month)

 Free monthly account statement, Insta-Alerts, access to Internet Banking & Mobile
Banking

 Annual Fee waiver on Business Debit Card

KNOW MORE

HDFC BANK SmartUp Max Current Account

 Minimum Balance Requirement Rs. 5,00,000/- Average Quarterly Balance (AQB)

 Unlimited Free NEFT/ RTGS/Fund transfer payments through Net-Banking/ENET and

Branch.
 Free 500 payable at par cheque leaves per month.

 Free monthly cash deposits up to 12 times the current month Average Monthly
Balance (AMB) or Higher of Rs. 60 lacs or 60 transactions whichever is breached first
(subject to maximum Rs. 2 Cr)

 Free monthly account statement, Insta-Alerts, access to Internet Banking & Mobile
Banking

 Annual Fee waiver on Business Debit Card