HDFC Trade Account-HDFC Bank Current Account Interest Rate

HDFC Trade Account

The current accounts offered by HDFC Bank have been tailored to meet the needs of a wide range of customers. Current accounts are business accounts that allow for unlimited daily transactions as well as individualized services to assist entrepreneurs and self-employed professionals such as doctors, consultants, and chartered accountants in conducting daily bank transactions. In addition, HDFC Bank provides an overdraft facility with a credit limit that allows you to withdraw money as needed to meet your working capital needs.

What is HDFC Trading Account

HDFC Securities (HDFCsec) in HDFC Bank’s equity trading company. HDFC Securities offers both online and telephone trading. The HDFC Securities trading account has a unique 3-in-1 feature that combines your trading account with your existing HDFC bank savings account and Demat account.

Additional Value-Added Services

• Trade Services: Our dedicated business desk and expert business sales professionals ensure that all types of business transactions are processed quickly and efficiently with competitive exchange rates.
• CMS: With optimized reports to facilitate better transaction tracking and reconciliation, checks are collected faster at HDFC Bank and non-bank locations.
• Direct taxes can be paid online for free
• Use HDFC’s NetBanking, PhoneBanking, MobileBanking, BillPay, and InstaAlert services to make banking more convenient.

Features of Trade Current Account

• At HDFC Bank Home Branches, you can deposit up to 5 lakhs cash-free per month OR 40 txns (whichever comes first).
• At HDFC Bank Non-Home Branches, you can withdraw up to Rs. 50,000 in cash per day.
• Any HDFC Bank branch will provide you with 30 free DDs and POs per month.
• The limit for free cash deposits at home is Rs. 2 lakhs.
• Compare HDFC Bank’s Current Account features to those of other banks to find the best bank for you.
• To open a current account and receive quality services, visit your nearest HDFC Bank branch.

Eligibility of Hdfc Trade Account

You can open a Trade Current Account if you are one of the following people.

• Individual Hindu Undivided Family residing in the area
• Limited Company/Limited Liability Partnership Trust/Association/Club/Society Sole
• Proprietorship/Partnership Limited Company
• Limited Liability Partnership Trust/Association/Club/Society

HDFC Bank Current Account Interest Rate

Minimum Balance and Fees for HDFC Bank Current Accounts

Products from HDFC Current Accounts

Regular Current Account

• The limit for free cash deposits at home is Rs. 2 lakhs.
• Each quarter, a minimum balance of Rs.10,000 is required.
• Non-maintenance of the minimum balance results in a charge of Rs. 1,500 per quarter.
• At the base withdrawal level, the cash withdrawal limit is unlimited.

Premium Current Account

• 100 leaves of free cheque
• At home, the free cash deposit limit is Rs. 3 lakh, with a minimum balance requirement of Rs. 25,000 per quarter.
• Non-maintenance of the minimum balance results in a charge of Rs. 1,800 per quarter.
• The daily cash withdrawal limit is Rs. 25,000.

Trade Current Account

• Free Cheque leaves 200
• Free Cash Deposits Limit at Home Location is Rs. 5 Lah
• Free Cheque leaves 100
• Free Cash Deposits Limit at Home Location is 10 times the current month AMB maintained
• The minimum balance requirement is Rs. 40,000 per quarter
• Charges for nonmaintenance of the minimum balance is Rs. 2,400 per quarter

Flexi Current Account

• Leaves 200 free cheques
• The limit for free cash deposits at home is Rs. 5 lakh.
• Leaves 100 free cheques
• At the home location, the free cash deposit limit is ten times the current month’s AMB.
• The minimum monthly balance requirement is Rs. 75,000.
• Non-maintenance of the minimum balance results in a monthly charge of Rs. 1,000.

Plus Current Account

• Cheque leaves are provided free of charge once a month. 300
• The limit for free cash deposits at home is Rs. 10 lakh.
• Per quarter, a minimum balance of Rs. 1 lakh is required.
• If your AQB is more than Rs. 50,000, you will be charged Rs. 1,500, and if your AQB is less than Rs. 50,000, you will be charged Rs. 6,000.

Max Current Account

• 500 free cheques leaves each month
• The combined limit for free cash deposits at home is 60 lakhs, or ten times the current month’s AMB.
• Per quarter, a minimum balance of Rs. 2.5 lakh to Rs. 5 lakh is required.
• Non-maintenance of the minimum balance results in charges ranging from Rs. 4,000 to Rs. 8000.

Apex Current Account

• Cheque leaves are provided free of charge once a month. 1000
• The limit for free cash deposits at home is 120 lakhs, or ten times the previous month’s AMB.
• Per quarter, a minimum balance of Rs. 10 lakh is required.
• If your AQB is more than Rs.5 lakh, you will be charged Rs. 5,000, and if your AQB is less than Rs.5 lakh, you will be charged Rs. 10,000.

Ultima Current Account

• 1500 free cheque leaves per month
• The maximum amount of free cash deposits at a home location is 50 lakhs.
• Per quarter, a minimum balance of Rs. 20 lakh is required.

Ezee Current Account

• Cheque leaves are provided free of charge once a month. 100
• The combined limit for free cash deposits at the home location is 4 lakhs or six times the current month’s AMB.
• The minimum balance requirement for urban/metro areas is Rs. 50,000 per quarter, and for semi-urban/rural areas it is Rs. 25,000 per quarter.
• The penalty for failing to maintain the minimum balance is Rs. 900 per quarter.

Supreme Current Account

• Cheque leaves are provided free of charge once a month. 300
• The combined limit for free cash deposits at the home location is ten lakhs or ten times the current month’s AMB.
• The minimum balance requirement is Rs. 1 lakh per quarter for urban/metro areas and Rs. 40,000 per quarter for rural areas. -Semi-City/Rural
• The penalty for not keeping a minimum balance is Rs. 3,000 per quarter.

Opening Documents For A HDFC Current Account

• PAN card, voter ID card, passport, and driver’s license are all acceptable forms of identification.
• Address proof is required.
• Recent Color photograph
• If you applied for a PAN, you must submit Forms 49 A and 60.
• Opening a bank account Individual Current Account/Savings Account Cheque

How to Open a Current Account at HDFC Bank

A current account can be opened in any bank, and it can be done both online and offline. The online process for opening a current account saves time and is simple.

Online Process:

• Visit the hdfc Bank’s website or its online current account portal for more information.
• Choose ‘Open current account’ from the drop-down menu.
• In the current account application form, fill in your personal information.
• Download the application form and bring it to the bank with you the next time you visit.
• The offline process necessitates a personal visit to the nearest Bank, accompanied by the required documents.

Business owners and professionals who conduct numerous transactions on a daily basis can open a current account.

HDFC Trade Account

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