HDFC Bank Revises Fees and Charges for Savings and Salary Accounts

HDFC Bank, India's largest private bank, has made significant changes to its fees and charges for savings, salary, and non-resident (NR) accounts. The new changes, effective from August 1, 2025, impact cash transaction limits, cheque book issuance, IMPS and NEFT payments, as well as certain branch-based services. The bank's market cap stands at Rs 15.26 lakh crore as of August 14. Key changes include reduced free monthly transaction limits, revised IMPS and NEFT charges, and changes to cheque book issuance.

Key Takeaways:

HDFC Bank has reduced the free monthly value limit for self and third-party transactions at any branch from Rs 2 lakh to Rs 1 lakh per account, with charges of Rs 5 per Rs 1,000 or part thereof, subject to a minimum of Rs 150, beyond this limit.
Customers will get four free cash transactions per month; beyond this, a charge of Rs 150 per transaction will apply.
The third-party daily cash transaction limit is Rs 25,000 per day at any branch; transactions above this amount are not permitted.
IMPS transaction charges through online banking have been reduced for regular customers to Rs 2.5 for transfers up to Rs 1,000, and to Rs 13.5 for transfers above Rs 1 lakh, down from earlier rates of Rs 3.5 and Rs 15, respectively.
NEFT branch transaction charges have been adjusted across slabs, with transfers up to Rs 10,000 costing Rs 2 for regular customers and Rs 1.8 for senior citizens.
Savings accounts now come with one free cheque book of 10 leaves per year instead of 25 leaves, with additional cheque books charged at Rs 4 per leaf, and lower rates for senior citizens.
The new changes have an impact on cash-transaction-based services, including free transactions, IMPS and NEFT payments, and cheque book issuance.
HDFC Bank's market cap is currently at Rs 15.26 lakh crore as of August 14.

Statistics:

HDFC Bank's market cap: Rs 15.26 lakh crore (as of August 14)
Free monthly value limit for self and third-party transactions: Rs 1 lakh per account
IMPS transaction charges for transfers up to Rs 1,000: Rs 2.5 for regular customers
IMPS transaction charges for transfers above Rs 1 lakh: Rs 13.5 for regular customers
NEFT branch transaction charges for transfers up to Rs 10,000: Rs 2 for regular customers
Savings account cheque book issuance: one free cheque book of 10 leaves per year

Sources:

CNBCTV18
Contify.com