HDFC Bank has started charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month. The charges will apply to savings as well as salary accounts effective from March 1, 2017. Other private sector banks such as Axis Bank and ICICI Bank have also restored their charges on cash transactions to discourage use or hard currency for business.
Promoted in 1995 by Housing Development Finance Corporation (HDFC), India's leading housing finance company, HDFC Bank is one of India's premier banks providing a wide range of financial products and services to its 37 million customers across hundreds of Indian cities using multiple distribution channels including a pan -India network of branches, ATMs, phone banking, net banking and mobile banking.
