HDFC Bank cash deposit charges: Know fees for depositing cash in current and savings accounts

In many cases, banks offer a number of free deposits per month and charge additional fees if the transactions exceed the limit. Many banks also have charges for cash deposits through cash deposit machines (CDMs). 

Current account

For a regular current account at HDFC Bank, deposits up to ₹2 lakh per month, or 25 transactions (whichever is breached first), are free at any HDFC Bank branch. After the free limit, ₹3.5 is charged per ₹1,000; a minimum of ₹50 is charged for any transaction. 

At any non-home branch, the deposit limit is ₹10,000 per day. A ‘home branch’ refers to the specific branch where a customer initially opened the account.

For low denomination notes (₹50 and below), deposits of up to ₹10,000 are free per month, while 2% of the deposit amount is charged after the free limit. In coins, deposits are free up to ₹1,000 per month. Beyond the free limit, 5% of the deposit amount is charged if using coins. 

HDFC Bank Regular Current Account Deposit Rules

HDFC Bank also offers an advanced version of a current account, known as a plus current account. For this account, up to ₹12 lakh per month, or 50 transactions, whichever is breached first, is free. Beyond this, ₹3.5 is charged per ₹1,000 with a minimum charge of ₹50 per transaction. For non-home branch deposits, up to ₹1,00,000 per day is free. 

Savings account

HDFC Bank Savings Account Cash Transaction Rules

Cash Deposit Machines (CDMs) charges

HDFC Bank doesn’t charge any particular charges for transactions through Cash Deposit Machines (CDMs), but an individual cannot deposit over 200 notes in a single transaction. The cash deposit limits are as per the account variants.