Archive · 16 Aug 2025
HDFC Bank Implements New Cash Transaction Rules
HDFC Bank changed how much you can use your account for free.
You can do 4 cash transactions without paying.
After that, you have to pay ₹150 per transaction.
Also, you can only take out or deposit ₹1 lakh cash a month for free, which used to be ₹2 lakh.
They also changed the fees for sending money and other services.
ICICI Bank also changed its rules after customers complained about new fees.
HDFC Bank now limits free cash transactions to four per month.
Customers face a ₹150 charge for each transaction beyond the free limit.
The monthly cash transaction limit has decreased from ₹2 lakh to ₹1 lakh.
Fees also apply to NEFT, RTGS, IMPS transfers, and returned ECS/ACH transactions.
ICICI Bank reduced the minimum balance requirement for new savings accounts after customer complaints.
- Who
- HDFC Bank customers.
- What
- Changes to HDFC Bank's cash transaction rules and fees.
- When
- Effective from August 1st.
- Where
- India.
- Why
- No explicit reason provided in the article.
Customers
HDFC Bank
Customer Cost vs. Bank Revenue
Customers
Customers generally prefer lower fees and more free transactions.
HDFC Bank
Banks aim to increase revenue and manage costs.
- Free Cash Transactions
- 4 per month
- Fee per Extra Cash Transaction
- ₹150
- Monthly Cash Transaction Limit
- ₹1 lakh
- NEFT Transfer Fees (Up to ₹10,000)
- ₹2
- Chequebook Pages (Free per Year)
- 10
- ICICI Bank Minimum Balance
- ₹15,000 (revised)
