HDFC Bank Reimbursement Account
What is HDFC Bank Reimbursement Account?
The HDFC Bank Reimbursement Account is a zero balance account and customers can easily distinguish between their salary account and reimbursement account and choose from which account they would wish to carry out a transaction or make a withdrawal from ATMs across the country.
For all customers already holding a salary account, HDFC Bank has rolled out the reimbursement account. By holding the reimbursement account, customers can receive their reimbursement dues from their employers from business trips, outings, etc., on behalf of the company/organization.
Learn more about HDFC Bank Savings Account, HDFC Zero Balance Account, HDFC Netbanking
Features and Benefits of HDFC Bank Reimbursement Account
- As already mentioned, the HDFC Bank Reimbursement Account is a zero balance account. In other words, with this account there is no minimum balance requirement.
- Customers can easily distinguish between the reimbursement account and the salary account. They can choose from which account they would wish to carry out a transaction at online or retail merchant establishments or make a withdrawal from ATMs.
- On opening the savings account, customers are granted a free chequebook.
- Customers can make use of the debit card linked with the salary account to carry out transactions and make withdrawals.
- If required, customers can also request for a debit card for the reimbursement account.
- The HDFC Bank Reimbursement Account comes with the benefit of free e-mail statements, and email-alerts when the customer makes a transaction or withdrawal.
- Through HDFC Bank's BillPay facility, customers can pay their utility bills.
- Account holders have the benefit of carry out regular banking procedures through the free phone banking, mobile banking and net banking facilities.
- Only customers already holding a salary account are eligible to open a reimbursement account.
- As soon as this reimbursement account has been opened, the customer can request his/her employer to process the reimbursement.
Eligibility for HDFC Bank Reimbursement Account
To be eligible for the HDFC Bank Reimbursement Account, customers need to have an existing salary account.
Steps to open the HDFC Bank Reimbursement Account
- As already mentioned, the customer first needs to have an existing salary account with HDFC Bank to be able to open a reimbursement bank.
- Once the employer has opened a salary account, the customer can now visit the HDFC Bank holding the salary account with an Account Opening Document (AOD).
- On the Account Opening Document (AOD), the customer will be required to enter details such as the salary account number (to which the reimbursement account will be linked to) and the debit card number - which was issued when opening the salary account.
- As soon as the Account Opening Document (AOD) is verified by the bank, the process to open a reimbursement account will begin.
- The reimbursement account will be activated within a few days.
- Once the account has been opened, the customer can request his/her company to directly process the reimbursement dues to this account.
HDFC Bank Reimbursement Account Fees and Charges:
Particulars | Charges |
Visa Money Transfer | Rs.5 (plus GST as applicable) per transaction |
Unarranged overdraft | Rs.100 per transaction + 18% Interest p.a |
TIN Regeneration (requests received at the branch for physical dispatch) | Rs.50 per instance |
Third party Cash transaction (Cumulative of Deposit and Withdrawal) | Up to a limit of Rs.25,000 per day - Rs.150 (plus GST as applicable) Above Rs.25,000 not allowed |
TDS Certificate | Free |
Stop Payment Charges | Particular cheque Rs.100 Range of cheques Rs.200 Free through NetBanking |
Standing Instructions | Setting up charges - Free Rs.25 per transaction as well as remittance charge |
Signature Attestation | Free |
RTGS - Outward | Above Rs.2 lakhs to Rs.5 Lakhs - Rs.25 (plus GST as applicable) per transaction Above Rs.5 Lakhs - Rs.50 (plus GST as applicable) per transaction |
RTGS - Inward | Free |
PIN regeneration charge | Rs.50 (plus GST as applicable) |
Photo Attestation | Rs.100 per instance NIL (For Senior Citizens) |
Phone banking | Free |
Passbook issuance | Free |
PAP Cheque book usage charges | Nil |
PAP Cheque book | Free first 25 cheque leaves per half year (Financial year) Additional chequebook of 25 leaves will be charged at Rs.75 per chequebook |
Old records/copy of paid cheques | Up to 1 year - Rs.50 per record Above 1 year - Rs.100 per record |
Number of Cash transactions(Both of Deposit and Withdrawal) | 4 free cash transactions per month 5th transaction onwards - Rs.150 per transaction (plus GST as applicable) will be charged |
Netbanking | Free |
NEFT Charges- outward | Up to Rs.10,000 - Rs.2.5 (Plus GST as applicable) per transaction Amounts from Rs.10,001 to Rs.1 lakh - Rs.5 (Plus GST as applicable) per transaction Amounts above Rs.1 lakh up to Rs.2 lakh - Rs.15 (Plus GST as applicable) per transaction Amounts above Rs.2 lakh - Rs.25 (Plus GST as applicable) per transaction |
NEFT Charges for Indo Nepal transactions | Customers having NSBL*Account - Rs.20 Customers having non-NSBL* Account: Upto Rs.5,000 - Rs.70 Above Rs.5,000 - Rs.95 * Nepal State Bank Ltd |
NEFT Charges - Inward | Free |
Mobilebanking | Free |
Minimum Balance (Average Monthly Balance) | Zero |
Managers Cheques/Demand Drafts at HDFC Bank branches | Free upto Rs.25,000 Above Rs.25,000, Rs.5 per Rs.1000 - subject to a min. of Rs.75 and max. Rs. 10,000) Via Netbanking: Upto Rs.10 Lakh - Rs.50+ Bank charges Third party DD upto Rs. 1,00,0000 - Rs.50+ Bank charges |
Local Cheque deposited for outstation accounts | Free |
IPIN Regeneration (requests received at the branch for physical dispatch) | Rs.100 per instance |
Interest Certificate | Rs.50 |
InstaPay | Rs.10 per transaction (plus GST as applicable) |
IMPS (Immediate Payment Service) - Outward | Amount up to Rs.1 lakh - Rs.5 (Plus GST as applicable) per transaction Amount above Rs. 1 lakh up to Rs.2 lakhs - Rs.15 (Plus GST as applicable) per transaction |
IMPS (Immediate Payment Service) - Inward | Free |
Hold Statement | Rs.400 per year |
ECS/ACH (Debit) Return Charges | Rs.350 in a quarter Rs.750 would be charged from the second instance onwards in the same quarter. |
Duplicate passbook issuance | Rs.100 |
Demand Drafts- Issued - On Non HDFC Bank Locations | Upto Rs.500 - Rs.10 Above Rs.500 to Rs.1000 - Rs.15 Above Rs.1000 to Rs.5000 - Rs.25 Above Rs. 5000 to Rs.10,000 - Rs.30 Above Rs.10,000 - Rs.5 per Rs.1,000 |
Decline charge for insufficient balance | Rs. 25 per transaction (Plus GST as applicable) |
Debit Card transaction charge - at Non HDFC Bank International ATMs | Rs.25 per balance enquiry and Rs. 125 per cash withdrawal (plus taxes as applicable) |
Debit Card - Replacement Charges/Re issuance charges | At HDFC Bank ATMs - First 5 transactions free across all Cities At non-HDFC Bank branches - In Top 6 cities: First 3 transactions free Non Top 6 cities : First 5 transactions free Transactions over and above free limit will be charges as under: Cash withdrawal - Rs.20 plus GST as applicable per transaction Non-Financial Transaction - Rs.8.5 plus taxes as applicable per transaction |
Debit Card - Renewal Fee - Women's Card | Rs.150 per year (plus GST as applicable) |
Debit Card - Renewal Fee - Titanium Royale | Rs.400 per year (plus GST as applicable) |
Debit Card - Renewal Fee - Titanium | Rs.250 per year (plus GST as applicable) |
Debit Card - Renewal Fee - Times Points | Rs.650 per year (plus GST applicable) |
Debit Card - Renewal Fee - Regular | Rs.150 per year (plus GST as applicable) |
Debit Card - Renewal Fee - Rewards | Rs.500 per year (plus GST as applicable) |
Debit Card - Renewal Fee - Gold/Platinum | Rs.750 per year (Plus GST as applicable) |
Debit Card - Annual Fee - Women's Card | Rs.150 per year (plus GST as applicable) |
Debit Card - Annual Fee - Titanium Royale | Rs.400 per year (plus GST as applicable) |
Debit Card - Annual Fee - Titanium | Rs.250 per year (plus GST as applicable) |
Debit Card - Annual Fee - Times Points | Rs.650 per year (plus GST applicable) |
Debit Card - Annual Fee - Rewards | Rs.500 per year (plus GST as applicable) |
Debit Card - Annual Fee - Regular | Rs.150 per year (plus GST as applicable) |
Debit Card - Annual Fee - Gold / Platinum | Rs.750 per year (plus GST as applicable) |
Collection of outstation cheques at HDFC Bank locations | Up to Rs .5,000 - Rs. 25, Rs. 20 for rural branches Rs.5,001 to Rs.10,000 - Rs.50, Rs.40 for rural branches Rs.10,001 to Rs.1,00,000 - Rs.100 Rs.1,00,001 and above - Rs.150 |
Collection of outstation cheques - other locations | Up to Rs.5,000 - Rs.25, Rs.20 for rural branches Rs.5,001 to Rs.10,000 - Rs.50, Rs.40 for rural branches Rs.10,001 to Rs.1,00,000 - Rs.100 Rs.1,00,001 and above - Rs.150 |
Cheques deposited returned unpaid | Rs.100 per instance |
Cheque/Demand Drafts - Cancellation/Revalidation | Rs.100 |
Cheque return charges drawn on us - Local | Due to Insufficient funds - First cheque return in a quarter - Rs 350 From second cheque return in the same quarter - Rs.750 per return Charges due to funds transfer cheque return - Rs.350 Due to Technical reasons - Rs.50 per instance |
Cheque Collection - Local Clearing Zone | Free |
Charges for non-maintenance of account | None |
Branch transactions (Includes only Cheque deposit/Cheque issuance/Funds Transfer Debit/NEFT/RTGS) | No charges if the average monthly balance (AMB) is equal or above Rs.50,000. -In case the AMB is below Rs.50,000/- 15 free transactions would be permitted per month. From then on, Rs.75 will be charged for every transaction. |
BillPay | Free |
Balance Enquiry - at Branch | Free |
Balance Certificate | Current year - Free Previous year - Rs.50 |
ATM Card - Replacement charges | Rs.200 (plus GST as applicable) |
ATM Card | Free |
Any Deliverable returned by courier due to negative reasons | Rs.50 per instance |
Address Confirmation | Rs 50 per instance |
Add-on Debit Card - Women's Card | Rs.150 per year (plus GST as applicable) |
Add-on Debit Card - Titanium Royale | Rs.400 per year (plus GST as applicable) |
Add-on Debit Card - Titanium | Rs.250 per year (plus GST as applicable) |
Add-on Debit Card - Times Points | Rs.650 per year (plus GST as applicable) |
Add-on Debit Card - Rewards | Rs.500 per year (plus GST as applicable) |
Add-on Debit Card - Regular | Rs.150 per year (plus GST as applicable) |
Add-on Debit Card - Gold Card/Platinum | Rs.750 per year (plus GST as applicable) |
FAQs on HDFC Bank Reimbursement Account
- Can I open a joint HDFC Reimbursement Account? What are the required documents?
Yes, it is possible. For that to happen, the secondary account holder (who you will be sharing the account with) will have to submit his/her KYC documents for identification and address proof.
- Can I update or remove a nominee in my HDFC Reimbursement Account?
Yes, you can remove a nominee from the HDFC Bank Reimbursement Account as per your wishes. To make this happen, you can fill in an application and submit it at the nearest HDFC Bank branch or you can do it via your netbanking account.
- Can I use this reimbursement account if I change employers? Do I need to change the account in this case?
No, you can continue with the same account provided you submit a letter from your new employer stating your name, designation in the company, account number and a statement (in the letter) proving that you are indeed an employee of the company. Once this is submitted, you will receive your monthly payroll in the same account.
- What documents are accepted for opening an HDFC Reimbursement Account?
No, your company ID will not be accepted as identity or address proof. For this account and most other accounts with HDFC Bank, you will need to submit Government approved identification and address proof when applying to open the account.
- Can I open more than one zero-balance account with HDFC Bank?
As per the guidelines rolled out by the Reserve Bank of India, you can have only one zero-balance account with one bank at a time. Hence, opening a second zero-balance account will not be possible.
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