You can activate HDFC current account NetBanking by registering online using your Customer ID and OTP on the HDFC netbanking portal, or by visiting an HDFC ATM, calling the Phone Banking number, or submitting a form at the branch.
HDFC Current Account Opening, Minimum Balance, Benefits & How to Apply Online
An HDFC current account is designed for businesses and professionals who require high transaction limits, flexible cash management, and zero-interest liquidity. With over 15 account types—including Max Advantage, Vyapar, and Startup accounts—HDFC Bank offers tailored solutions based on your business size, sector, and transaction volume.
Features include free NEFT/RTGS/IMPS, auto-upgrade options, digital invoicing via SmartHub Vyapaar, and cash deposit limits up to ₹50 lakh.
HDFC Current Account
The HDFC current account caters to large corporations and small businesses, charitable trusts, housing societies, hospitals, and professionals. With an HDFC Bank Current Account, you can streamline cash management and simplify payments and collections.
You can take advantage of numerous complimentary banking services such as fund transfers, local clearing, dynamic limits, cash deposits, and withdrawals.
How to Open a Current Account in HDFC?
Customers can open an HDFC Bank Current Account through both online and offline methods. Below are the two methods you can use for HDFC Bank account opening:
Online Method
Follow the steps given below to open an HDFC Bank account online:
- Visit the official HDFC Bank website and navigate to the ‘Current Account’ section.
- Select the preferred type of current account. The HDFC Bank current account minimum balance requirement may differ depending on the account variant.
- Tap on the ‘Apply Online’ button to proceed.
- On the next page, log in using your HDFC Net Banking credentials or mobile number and the verification code provided. For assistance, refer to the image below.
- Complete the form by providing the necessary details, including the account variant, name, mobile number, entity type, and PAN card number.
- Once all details are filled out, agree to the terms and conditions of the bank and continue.
- The bank will then contact you for confirmation and to collect any additional documents.
Offline Method
Follow the steps given below to open an HDFC Bank account offline:
- Visit the nearest HDFC Bank branch.
- Fill out the Current Account application form and submit it with the required KYC documents.
HDFC Current Account Types
Here is a list of different types of HDFC Bank current accounts:
Account Type | Key Feature | Cash Deposit/Withdrawal | Additional Benefits | AQB Waiver/Requirement |
| Max Advantage Current Account | Dynamic pricing for cost-efficiency | Deposit & withdraw cash up to 12x AMB | Unlimited free NEFT/RTGS/IMPS | AQB waiver: ₹30 lakh quarterly volume (POS/SmartHub/PG) |
| Ascent Current Account | Income Multiplier benefits on all transactions | Deposit & withdraw cash up to 10x AMB | 50 free DDs/POs per ₹1 lakh balance | AQB waiver: ₹5 lakh quarterly volume (POS/SmartHub/PG) |
| Activ Current Account | Dynamic pricing ensures cost-efficiency with increased balances | Deposit & withdraw cash up to 10x AMB | 30 free DDs/POs per ₹1 lakh balance | AQB waiver: ₹3 lakh quarterly volume (POS/SmartHub/PG) |
| Plus Current Account | Designed for businesses with moderate transaction needs. | Deposit: ₹12 lakh or 50 transactions free/month; Withdraw: ₹1 lakh/day at non-home branches | 50 free DDs/POs/month | AQB waiver: ₹7 lakh quarterly volume (POS/SmartHub/PG) |
| Premium Current Account | Tailored for businesses requiring premium banking services | Deposit: ₹3 lakh or 25 transactions free/month; Withdraw: ₹25,000/day at non-home branches | 100 free payable-at-par cheque leaves/month | AQB waiver: ₹4 lakh quarterly volume (POS/SmartHub/PG) |
| Regular Current Account | Standard account suitable for everyday business transactions | Deposit: ₹2 lakh or 25 transactions free/month | Free local/intercity cheque collection & InstaAlert | — |
| Vyapar Current Account | Zero balance with auto-upgrade | Digital payments via Smart Hub Vyapar App | Quick finance & business insurance access | — |
| Startup Current Account | Zero non-maintenance charges (first 4 quarters) | — | Exclusive offerings for HDFC Bank startup customers | — |
| Saksham Current Account | Zero non-maintenance charges (first 2 calendar half-years) | Deposit: ₹50 lakh or 50 transactions free/month; Withdraw: ₹1 lakh/day at non-home branches | — | — |
| e-Commerce Current Account | Facilitates seamless online business transactions | Free cash deposit/withdrawal at any HDFC branch | Free local/anywhere cheque collection & RTGS/NEFT | — |
| Escrow Account Solutions | Efficient complex escrow handling | — | No transaction charges; H2H/API integration | — |
| Current Account for Professionals | Tailored for professionals requiring specialized banking services | Deposit: ₹10 lakh or 25 transactions free/month | Free cheque collection; 30 free DDs/POs/month | — |
| Agri Current Account | Customized for agricultural businesses and related activities | Deposit: ₹10 lakh or 25 transactions free/month | Free local/intercity cheque collection & payment | — |
| Institutional Current Account | No minimum balance | Deposit: ₹50 lakh or 50 transactions free/month | Unlimited free DD & PO issuance (all branches) | — |
| RFC - Domestic Account | Open in USD/EUR/GBP | Retain foreign exchange in earned currency | Preferential local currency conversion rates | — |
| EEFC Account | Open in multiple currencies | Retain foreign exchange in earned currency | Preferential local currency conversion rates | — |
| CSR/Unspent CSR Account | Internet banking enabled | — | No minimum balance; Custom account number option | — |
| Regular Collection Account | Zero Average Monthly Balance (AMB) account for institutions | Deposit: ₹2 lakh or 25 transactions free/month | Daily NEFT/RTGS fund settlement | — |
HDFC Current Account Opening Eligibility
To open and maintain a current account with HDFC Bank, applicants must fall under one or more of the following categories:
- Resident Individual
- Limited Company
- Hindu Undivided Family (HUF)
- Sole Proprietorship
- Partnership
- Foreign Nationals residing in India
- Trust
- Limited Liability Partnership (LLP)
- Association/Society/Club
- Foreign Institutional Investor (FII)
Additionally, applicants must maintain an average quarterly balance of over ₹10,000 to be eligible for opening a regular current account and avail of its associated benefits.
HDFC Current Account Opening Documents
The following is a list of documents you need to provide to open an HDFC current account:
- Identity proof includes a PAN card, Aadhaar card, passport, and driving licence.
- Address proof like electricity bill, telephone bill, etc.
- Business existence proof
Here is a list of documents you need to provide to prove your business existence:
- Registration and license from municipal authorities
- RBI or SEBI registration certificate
- GST registration certificate
- State government-issued certificate
- Professional Tax registration certificate
- FSSAI licence
- Import-export licence from the Director General of Foreign Trade
The following is a list of business address proof you can provide:
- Title deeds or rental agreement documents
- TAN
- Current bank account statements
- Property registration documents
- Water or property tax bills
NRI customers need to provide the following additional documents:
- Proof that the firm is not involved in print media, agriculture, or real estate activities
- Funds sourced from NRO / NRE / FCNR
Limited Liability Partnerships need to provide the following documents:
- Certificate of Incorporation
- Partnership agreement
- List of DPID from the Ministry of Corporate Affairs
- KYC documents for designated partners
- A resolution confirming the designated partner’s authority to sign
The following is a list of documents companies need to provide:
- Memorandum and Articles of Association
- Certificate of Incorporation
- Certificate of Commencement of Business
- List of Directors
- Board resolution naming authorised signatories
HDFC Current Account Minimum Balance
For a Regular Current Account, the account holder must maintain an average quarterly balance of ₹10,000. If this balance is not maintained, the bank imposes a penalty of ₹1,500.
HDFC Current Account Benefits
Listed below are some of the benefits of the HDFC current account:
- Account holders can make monthly cash deposits of up to ₹2 lakh without charges. This facility is available at all HDFC Bank branches within the account holder’s city.
- The account also allows the free issue of pay orders and demand drafts up to ₹1 lakh. A fee of ₹40 applies to drafts or pay orders under ₹50,000, and ₹25 is charged for those between ₹50,000 and ₹1 lakh.
- HDFC Bank offers free local and inter-city payments and cheque collection services.
- There are no charges for using the bank’s Internet banking services for funds collection.
- Payable-at-par cheques are issued free of charge.
- Once registered, account holders receive updates and InstaAlerts for transactions.
- Account holders also benefit from internet banking, mobile banking, and phone banking services to track transactions, stop cheque payments, and monitor the status of cheques issued from their accounts.
- Unlimited cash withdrawals from all HDFC Bank branches are free of charge.
- HDFC Bank provides dedicated Trade Desks and Trade Sales experts to facilitate smooth trade transactions, offering quick turnaround times and competitive exchange rates.
- The bank’s Cash Management Services (CMS) helps ensure the timely collection of cheques from HDFC Bank and other locations while providing customised transaction reports for enhanced efficiency.
- Additionally, customers can pay direct taxes online without any service fees.
HDFC Current Account Interest Rate
HDFC Bank does not provide interest on current accounts. These accounts are meant for frequent transactions and offer high liquidity, which is why banks generally do not provide interest on them.
HDFC Current Account Customer Care
The following is the HDFC current account customer care details:
- Call: 1800 1600 or 1800 2600 and 022-61606160 (for those travelling overseas)
- Email: Send an email to HDFC Bank
- Chat: Chat with HDFC Bank on WhatsApp at 70-700-222-22
How to Close HDFC Current Account?
Here are the steps you need to follow to close your HDFC Bank account offline:
- Go to the official website of HDFC Bank.
- Download the form for account closure.
- Complete the form with the required information.
- Head to the nearest branch with the filled form.
- Submit the necessary documents to begin the closure process.
HDFC Current Account Charges
The following table shows the HDFC current account charges:
Category | Charges |
| Average Quarterly Balance (AQB) | ₹10,000 |
| Non-Maintenance Charges (per quarter) | ₹1,500 |
| Balance Inquiry | Free |
| Cheque status per instance | Free |
| Balance Confirmation Certificate & Interest Certificate | ₹100 |
| Signature, Photograph Verifications | ₹100 |
| Old records or copy of paid cheque | ₹80 per record |
| Cardless Cash withdrawal | ₹25 per transaction |
| Account Closure Charges | No charge within 14 days or beyond 12 months ₹500 for Regular and Premium ₹1,000 for Plus (15 days to 6 months) ₹500 for Regular & Plus ₹250 for Premium (6 to 12 months) |
Opening an HDFC current account has numerous benefits, including fee waivers, easy access to cash management tools, and dedicated support services. Whether managing personal finances or running a business, HDFC Bank ensures that your banking needs are met efficiently and conveniently.
Similar Articles:
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4. ICICI Bank Current Account Opening
5. Kotak Mahindra Bank Current Account Opening
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