HDFC Current Account is a specialized banking solution designed for businesses, professionals, and entrepreneurs to manage high transaction volumes efficiently. It provides seamless banking services with exclusive benefits such as unlimited transactions, overdraft facilities, and digital banking solutions. Whether you are a startup, SME, or a large corporation, an HDFC Bank Current Account ensures smooth financial operations with flexible features and a variety of account options.
For businesses looking for a hassle-free HDFC Current Account Opening, HDFC Bank offers digital and branch-based solutions, including a zero balance current account in HDFC for eligible customers.
The HDFC Current Account offers high transaction limits, free digital banking, and benefits for businesses. With various account variants, it provides flexible cash deposit/withdrawal options, free NEFT/RTGS, and business debit card perks.
Eligibility For HDFC Current Account
To open an HDFC Current Account, individuals and businesses must meet certain eligibility criteria. You are eligible if you fall under any of the following categories:
- Resident Individual
- Hindu Undivided Family (HUF)
- Sole Proprietorship Firms
- Partnership Firms
- Limited Liability Partnership (LLP) Firms
- Private and Public Limited Companies
Note: The Regular Current Account Variant is applicable only for Non-Metro Locations. For a smooth HDFC Current Account Opening Online, ensure you have the required KYC documents such as PAN Card, business registration proof, and address verification.
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Documents Required For HDFC Current Account
To open an HDFC Current Account, you must provide specific documents based on your business type. Below is the list of required documents:
1. Documents Required for Sole Proprietorship Firms
Other Supporting DocumentsLatest Professional Tax/GST Returns filed in the firm’s name
| Document Type | Accepted Documents |
|---|---|
| Government-Issued Documents | Registration Certificate from Municipal Authorities (Shop & Establishment Certificate/Trade License) |
| Registration from Professional Regulatory Authorities (Chartered Accountants, Medical Council, etc.) | |
| Registration from Food and Drug Control Authorities | |
| TAN Allotment Letter (if the firm’s name appears in the address) | |
| Bank Account Statement (last 6 months with satisfactory transactions) | |
| Certificate from a Chartered Accountant confirming business existence |
2. Documents Required for Limited Liability Partnership (LLP)
| Document Type | Accepted Documents |
|---|---|
| Business Registration | Incorporation Document & LLP Agreement |
| Certification | Certificate of Incorporation |
| Government Records | List of Designated Partners (DPIN) issued by the Government |
| Internal Resolutions | Board Resolution signed by Designated Partners |
| KYC Compliance | KYC of Designated Partners/Authorized Signatories |
3. Documents Required for Private & Public Limited Companies
| Document Type | Private Limited Company | Public Limited Company |
|---|---|---|
| Business Registration | Memorandum of Association (MOA) & Articles of Association (AOA) | MOA & AOA |
| Certification | Certificate of Incorporation | Certificate of Incorporation & Certificate of Commencement of Business |
| Directors List | Latest Director List signed by an authorized signatory | Latest Director List signed by an authorized signatory |
| Internal Resolutions | Board Resolution (BR) authorizing account opening | Board Resolution (BR) authorizing account operations |
| Regulatory Compliance | INC-21 & INC-20A (if applicable) | INC-21 & INC-20A (if applicable) |
4. Documents Required for Individuals
Individuals can apply for an HDFC Individual Current Account by providing proof of identity and address.
| Document Type | Accepted Documents (Any One Required) |
|---|---|
| Proof of Identity | Passport (Not Expired) |
| PAN Card | |
| Voter ID | |
| Aadhaar Card (Biometric or OTP-based e-KYC) | |
| Photo ID issued by Government or Regulatory Bodies | |
| Proof of Address | Passport (Not Expired) |
| Driving License (Not Expired) | |
| Voter ID | |
| Aadhaar Card (older than 30 days) or e-KYC | |
| Utility Bill (Electricity, Telephone, Gas – not older than 3 months) |
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HDFC Current Account Fees & Charges
The fees and charges associated with an HDFC Current Account vary depending on the type of service and transaction. Below is a detailed breakdown:
1. Account Services
| Service | Charges |
|---|---|
| Balance Inquiry | Free |
| Cheque Status per Instance | Free |
| Balance Confirmation Certificate & Interest Certificate | ₹100 |
| Signature, Photograph Verifications | ₹100 |
| TDS Certificate & Address Confirmation | Free |
| Old Records/Copy of Paid Cheque | ₹80 per record |
| Standing Instructions (Monthly Charges) | Setting Up: Nil |
| Deliverables Returned by Courier (No Consignee/Address Issues) | ₹50 per instance |
| One-time Mandate Authorization Charges (Physical/Online) | ₹40 per mandate |
| Cardless Cash Withdrawal | ₹25 per transaction |
2. Transactions Through Phone Banking
| Service | Charges |
|---|---|
| IVR & Non-IVR (Agent Assisted) | Free |
| Re-generation of IPIN (Physical Dispatch at Branch) | ₹40 per request |
3. Bill Pay and InstaAlert Services
| Service | Charges |
|---|---|
| Bill Pay | Free |
| Email InstaAlert | Free |
| SMS InstaAlert | Free (except for Regular & Premium Variants: 20 paise/SMS, charged monthly) |
4. Duplicate/Adhoc Statement Requests
| Request Mode | Charges |
|---|---|
| Through Direct Banking Channels (NetBanking, Mobile Banking, Phone Banking-IVR, ATM) | ₹50 per statement |
| At Branch or Phone Banking (Non-IVR) | ₹100 per statement at Branch, ₹75 through Phone Banking (Non-IVR) |
5. Doorstep Banking (Cash Pickup Limit & Charges)
| Cash Pickup Limit | Charges per Pickup |
|---|---|
| Up to ₹1,00,000 | ₹200 per pickup |
| ₹1,00,000 – ₹2,00,000 | ₹225 per pickup |
| ₹2,00,000 – ₹4,00,000 | ₹350 per pickup |
Note: Cash pickup beyond these limits can be arranged at select locations. Contact your branch for more details.
6. Debit Card Charges (For Individuals & Sole Proprietors)
| Feature | EasyShop Business Debit Card | ATM Card |
|---|---|---|
| Annual Fee per Card | ₹250 | Free |
| Daily ATM Withdrawal Limit | ₹1,00,000 | ₹10,000 |
| Daily Merchant POS Limit | ₹5,00,000 | NA |
Note: Available for partnership firms & limited company current accounts. If the Mode of Operation (MOP) is conditional, all Authorized Signatories must sign the form jointly.
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Features of HDFC Current Account
The HDFC Current Account offers a range of banking solutions tailored for businesses, professionals, and entrepreneurs, ensuring seamless transactions, high cash deposit limits, and exclusive digital banking benefits.
- Free Non-Cash Services – Free local/intercity cheque collection, RTGS/NEFT transactions, and fund transfers within HDFC Bank.
- High Cash Deposit Limit – Deposit up to ₹2 lakhs free per month at HDFC Bank branches.
- 24/7 Digital Banking – Access account via NetBanking, Mobile Banking, and PhoneBanking with InstaAlert updates.
- Doorstep Banking – Secure cheque and cash pickup/delivery through authorized agencies.
- Business Debit Card Benefits – Up to ₹9,000 Cashback, airport lounge access, and ₹1 crore air travel insurance.
- Security & Protection – ₹10 lakh accidental insurance and ₹5 lakh online shopping protection.
HDFC Current Account For SMEs
HDFC Bank offers a variety of Current Accounts for SMEs to cater to different business needs. These accounts come with features like high cash deposit limits, free transactions, and additional benefits for specific industries. Below is a list of all SME current accounts offered by HDFC Bank.
List of HDFC SME Current Accounts
| Current Account Type | Key Features |
|---|---|
| Max Advantage Current Account | Dynamic pricing, deposit & withdrawal up to 12 times AMB, unlimited NEFT/RTGS/IMPS |
| Ascent Current Account | Cash deposit & withdrawal up to 10 times AMB, free DD/PO for 1 lac balance, AQB waiver on POS transactions |
| Activ Current Account | Same as Ascent with additional speed clearance benefits |
| Plus Current Account | Free cash deposit up to ₹10 lakhs, faster realization of outstation cheques |
| Premium Current Account | Free cash deposit up to ₹3 lakhs/month, ₹25,000 daily withdrawal at non-home branches |
| Regular Current Account | Free cash deposit up to ₹2 lakhs/month, free cheque collection & InstaAlert service |
| Startup Current Account | Zero non-maintenance charges for 4 quarters, special startup offers |
| Saksham Current Account | Zero non-maintenance charges for 2 years, deposit up to ₹50 lacs/month |
| E-Comm Current Account | Free cash deposit up to ₹3 lakhs or 6 times current month AMB, ₹10 lakh daily withdrawal |
| Current Account for Professionals | Free cash deposit up to ₹10 lakhs, free payable-at-par cheque books |
| Agri Current Account | Free cash deposits up to ₹10 lakhs, withdrawal from the home branch |
| Institutional Current Account | ₹50 lakhs cash deposit free/month, ideal for NGOs, Trusts & Societies |
| RFC – Domestic Account | Retain foreign exchange in USD, EUR, GBP |
| EEFC – Exchange Earners Foreign Currency Account | Hold foreign currency earnings, preferential conversion rates |
1. Max Advantage Current Account
Designed for businesses looking for cost-efficient banking with dynamic pricing benefits.
| Feature | Details |
|---|---|
| Dynamic Pricing | Ensures cost-efficiency with increased transaction volume |
| Cash Deposit & Withdrawal | Up to 12 times the Average Monthly Balance (AMB) at any HDFC branch |
| NEFT/RTGS/IMPS | Unlimited free transactions |
| AQB Waiver | On quarterly volumes through POS/SmartHub Payment Gateway |
2. Ascent Current Account
Ideal for businesses requiring high-volume transactions and cheque handling.
| Feature | Details |
|---|---|
| Transaction Benefits | Cash deposit & withdrawal up to 10 times AMB |
| Free DD/PO | 30 free per month for every ₹1 lakh balance |
| AQB Waiver | On ₹3 lakh quarterly volumes via POS/SmartHub Payment Gateway |
3. Active Current Account
It offers similar benefits to Ascent but with faster cheque clearance.
| Feature | Details |
|---|---|
| Dynamic Pricing | Ensures cost-efficiency at all times |
| Cheque Benefits | Faster realization of outstation cheques |
4. Plus Current Account
Best suited for businesses with high cash deposit requirements.
| Feature | Details |
|---|---|
| Cash Deposit Limit | ₹10 lakhs per month |
| Withdrawal Benefits | Free home branch cash withdrawal, up to ₹1 lakh at non-home branches |
| Cheque Benefits | Faster realization for outstation cheques |
5. Premium Current Account
Offers higher withdrawal and deposit limits for businesses.
| Feature | Details |
|---|---|
| Cash Deposit Limit | ₹3 lakhs per month or 25 transactions |
| Withdrawal Limit | ₹25,000 per day at non-home branches |
| Cheque Book | Free 100 leaves per month |
6. Regular Current Account
A basic business account with free transactions and cheque collection.
| Feature | Details |
|---|---|
| Cash Deposit Limit | ₹2 lakhs per month |
| Free Transactions | Free local/intercity cheque collection & payments |
| Alerts | InstaAlert service for transaction updates |
7. Startup Current Account
Ideal for new businesses and startups with zero non-maintenance charges.
| Feature | Details |
|---|---|
| Zero Charges | No non-maintenance charges for the first 4 quarters |
| Startup Offers | Exclusive benefits for startup businesses |
8. Saksham Current Account
Designed for businesses with fluctuating transaction volumes.
| Feature | Details |
|---|---|
| Zero Maintenance | No charges for 2 years |
| High Cash Deposit Limit | ₹50 lakhs per month |
9. E-Comm Current Account
Designed for e-commerce businesses with high transaction volumes.
| Feature | Details |
|---|---|
| Cash Deposit Limit | ₹3 lakhs or 6 times AMB |
| High Withdrawal Limit | ₹10 lakhs per day |
10. Current Account for Professionals
This current account is suitable for consultants, freelancers, and professionals with high deposits.
| Feature | Details |
|---|---|
| Cash Deposit Limit | ₹10 lakhs per month |
| Free Cheque Books | Payable-at-par cheque books |
11. Agri Current Account
This current account is designed for agriculture-based businesses.
| Feature | Details |
|---|---|
| Cash Deposit Limit | ₹10 lakhs per month |
| Withdrawal Benefits | Free home branch cash withdrawal |
12. Institutional Current Account
Ideal for NGOs, trusts, and societies with no minimum balance requirements.
| Feature | Details |
|---|---|
| Cash Deposit Limit | ₹50 lakhs per month |
| Zero Balance | No average balance requirement |
13. RFC – Domestic Account
This current account is suitable for businesses dealing in foreign exchange.
| Feature | Details |
|---|---|
| Multi-Currency Holding | USD, EUR, GBP |
| Preferential Conversion Rates | For local currency conversion |
14. EEFC – Exchange Earners Foreign Currency Account
This current account is designed for businesses earning in foreign currencies.
| Feature | Details |
|---|---|
| Multi-Currency Holding | Retain earnings in foreign currency |
| Conversion Benefits | Preferential exchange rates |
HDFC Current Account Variant Calculator
The HDFC Current Account Variant Calculator is a smart tool that helps businesses find the most suitable HDFC Current Account based on their annual turnover, industry segment, or transaction type. This interactive tool simplifies the selection process by providing instant recommendations tailored to your business needs.
Steps to Use the HDFC CA Variant Calculator
- Visit the Calculator Page: Go to the HDFC CA Variant Calculator.
- Choose Your Selection Criteria:
- Select “Annual Turnover and Segment” to get recommendations based on your revenue and industry.
- Or choose “Transaction Type” to find an account based on cash deposits, withdrawals, or digital banking needs.
- Enter Business Details:
- For Annual Turnover & Segment:
- For Transaction Type:
- Select the most frequent transactions your business requires (e.g., cash deposits, withdrawals, digital transactions).
- Click on “Suggest Accounts”
- The tool will instantly display the best-suited HDFC Current Account based on your inputs.
- Apply Online: Review the recommended account variants and proceed with HDFC Current Account Opening Online or explore additional details.
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