If you are an account-holder of HDFC Bank, be prepared to pay Rs50 per quarter for a non-operational account of over a year and Rs25 for depositing cash of over Rs1 lakh. The Bank’s order came into effect from 1st January. Though there is no cash-handling fee for deposits of up to Rs1 lakh in a day at the home branch for ‘non-managed customers’, amounts above this level will attract a charge of Rs25 per Rs50,000 and part thereof for such clients.
Non-managed customers are clients who do not have a private banking/wealth management account with the Bank. Besides, Rs50 per instance will be levied for any deliverable returned by courier due to negative reasons (no such consignee/consignee shifted). The Bank will charge Rs100 each for photo attestation, signature attestation and address confirmation. As per the Finance Act 2009, all fees & charges attract 10% service tax and education cess of 3% of the service tax amount effective 24 February 2009.
Non-managed customers are clients who do not have a private banking/wealth management account with the Bank. Besides, Rs50 per instance will be levied for any deliverable returned by courier due to negative reasons (no such consignee/consignee shifted). The Bank will charge Rs100 each for photo attestation, signature attestation and address confirmation. As per the Finance Act 2009, all fees & charges attract 10% service tax and education cess of 3% of the service tax amount effective 24 February 2009.
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