How much does HDFC charge for not maintaining minimum balance?
Minimum Balance Requirements
| Balance Non-Maintenance Charges* | ||
|---|---|---|
| AMB Slabs (in Rupees) | Metro & Urban | Semi Urban |
| >=5,000 to < 7,500 | Rs. 300/- | NA |
| >=2,500 to < 5,000 | Rs. 450/- | Rs. 150/- |
| 0 to < 2,500 | Rs. 600/- | Rs. 300/- |
What if minimum balance is not maintained in HDFC?
Banks are allowed to charge non-maintenance of minimum balance penalty to the customers but there is no cap on the charges. For example, HDFC Bank has an average monthly balance (AMB) requirement of ₹10,000 for urban branch accounts while for semi-urban branch accounts the requirement is ₹5,000.
What is the limit of HDFC saving account?
I/We understand that until the account status is ‘Dormant’, transactions through Direct Banking Channels like ATM, Net Banking, Phone-banking may not be allowed by the Bank….
| Product Type | Per Transaction Limit | Per Day Limit |
|---|---|---|
| Savings A/c | Rs. 25,000 | Rs. 2,00,000 |
| Current A/c | Rs. 2,00,000 | Rs. 6,00,000 |
Can I deposit 5 lakhs in SB?
1] Savings/Current account: For an individual, the cash deposit limit in savings account is ₹1 lakh. If a savings account holder deposits more than ₹1 lakh in one’s savings account, then the income tax department may send income tax notice.
How much can I deposit in my bank account without getting reported?
If you deposit more than $10,000 cash in your bank account, your bank has to report the deposit to the government. The guidelines for large cash transactions for banks and financial institutions are set by the Bank Secrecy Act, also known as the Currency and Foreign Transactions Reporting Act.
Where do millionaires keep their cash?
Millionaires put their money in a variety of places, including their primary residence, mutual funds, stocks and retirement accounts.