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Friday, February 3, 2017

Bank Cash Transaction New Rules Present Cash transaction rules as under

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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