Monday, 4 May 2015

HDFC Bank to revise service charges

The new charges will be effective from June 1 this year 

HDFC Bank
HDFC Bank has increased service charges by 43%-50% on select products like debit cards and immediate payment service (IMPS), according to a media report.

At present, the bank charges charges Rs. 3.5 (excluding taxes) for an IMPS transaction up to Rs. 10,000. However, the revised charges will be Rs. 5 (excluding taxes) for an IMPS transaction from 15 May 2015, according to the information available on the HDFC Bank website of the company.

The current annual fee on HDFC Bank platinum debit card is Rs. 500, which is expected to be revised to Rs. 750 excluding taxes. The new charges will be effective from June 1 this year, the report said.

The revised charges will not be applicable to high-networth individuals (HNIs) and corporate salary account customers holding savings, the report added. 

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