HDFC Savings Max charging SMS alert charged?

[CHOCOPANDA]

Hey guys can you tell me I just mistakenly withdraw 5000rs and my balance went down to 20508 from 25508rs. But within 10 minutes I made the balance back above 25k in my hdfc savings max account. Will bank would charge me any penalty for this

 

[shubhambgp]

Hey guys can you tell me I just mistakenly withdraw 5000rs and my balance went down to 20508 from 25508rs. But within 10 minutes I made the balance back above 25k in my hdfc savings max account. Will bank would charge me any penalty for this

They calculate MAB based on end of the day(EOD) balance at 11:59:59 pm everyday. For HDFC this is true, may not be true for other banks.

Average Monthly Balance Calculator - MAB Calculator | HDFC Bank

Average Monthly Balance (AMB) Calculator helps to calculate your average monthly balance amount to be maintained in your account balance at HDFC Bank. Calculate Now!

www.hdfcbank.com

 

[sunit123]

Hey guys can you tell me I just mistakenly withdraw 5000rs and my balance went down to 20508 from 25508rs. But within 10 minutes I made the balance back above 25k in my hdfc savings max account. Will bank would charge me any penalty for this

bade bade deshon mein aisi choti baatein hoti rehti hain...Nothing to worry....Even if your balance is low for few days, private banks will ignore

 

[RAMESH BABU N]

Today, HDFC on their own have reversed the earlier debit of Rs 1.42 (yes, Rs 1.42 only) charged towards InstaAlert SMS charges in my SBMax account.

I did not write to them, nor spoke to them.

 

[tharun]

Today, HDFC on their own have reversed the earlier debit of Rs 1.42 (yes, Rs 1.42 only) charged towards InstaAlert SMS charges in my SBMax account.

I did not write to them, nor spoke to them.

It's the same for me they have refunded Rs .48 on 8th oct
They charged for oct2023 and refunded October 2024😂😂😂
Intrest free money for a month

 

[Arnal07]

is the insta alert sms charges free for classic and preferred accounts?

 

[Farhad sekh]

is the insta alert sms charges free for classic and preferred accounts?

Y E S

 

[Aniket]

Mandatory SMS alerts are FREE as per RBI guidelines...Disable Insta Alerts (These are not mandatory alerts...These alerts are daily balance alerts etc)

Kindly quote or give links of RBI guidelines where it's mentioned that mandatory SMS is free.

 

[shubhambgp]

What are the charges for Savings max account for cash deposit using cdm?

 

[desiviru]

What are the charges for Savings max account for cash deposit using cdm?

Savings max allows maximum 1L per day deposit at CDM and max. 2L per month without any extra charges. After that Rs.5/1000 deposit.

There is also limit of 5 free cash deposit transactions in a month after which you are charged Rs.5/1000 and a minimum Rs.150+GST for every deposit. So it is no. of times based and amount based.

Suppose in new month starting 1st of month, you deposit 10K 5 times. Now your free limit of month for 5 cash txns is over. Above this, for every deposit you will pay Rs.5/1000 or a minimum Rs.150+18% GST even for Rs.10000 deposit as TnC says min. 150+GST. So better deposit 30K or more in further txns as either way you are paying Rs.150+GST.

Ex: Your free txn of 5 are over in the month then you deposited Rs.50K 3 times. Now for 50K at Rs.5/1000, you will be charged Rs.250+GST.

 

[shubhambgp]

Savings max allows maximum 1L per day deposit at CDM and max. 2L per month without any extra charges. After that Rs.5/1000 deposit.

There is also limit of 5 cash deposit txn after which you are charged flat Rs.150+GST for every deposit. So it is no. of times based and amount based.

Suppose you deposit 10K 5 times. Now your free limit of month for 5 cash txns is over. Above this, for every deposit you will pay Rs.150+18% GST till 2L.

Ex: Your free txn of 5 are over in the month then you deposited Rs.50K 3 times. So you will be harged Rs.150x3+ 18% GST every time. Now your 2L limit is also breached. After this you deposited Rs.50K which will charge you Rs.150+GST and Rs.5 per 1000 i. 5X50000/1000 = Rs.250 + GST totalling Rs.400+GST = 472.

Thanks for detailed explanation

 

[desiviru]

Thanks for detailed explanation

I have edited my post with correct details as yesterday wrongly posted Rs.150 + 5/1000 for 50K i.e Rs.400+GST. It will be Rs.250+GST only above 2L for 50K deposit. Read the edited post again for corrected info.

Another case which I rogot to explain is:

In savings max. account of yours, you deposited 1L each day for 2 days.

Now your per month free limit of 2L is breached in 2 txns itself. So the 3 more txn of of free 5 won't matter now as value limit is reached.

After that you will be charged Rs.5/1000 deposited and minimum will be Rs.150+18%. Suppose after 2L you deposited 1000 only. You will be charged Rs.150+GST for that also. So better deposit minimum Rs.30000 or above. Atleast for 30K you will be paying Rs.5/1000.

For 40K it will be Rs.200+GST i.e= 236.