FEATURES

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FAQS


What kind of customers are ideally suited to open Ascent Current Account?

Ascent Current Account is best suited for Traders, Manufacturers, Distributors, EXIM (export/import) customers who are involved in small - medium businesses with turnover ranging from ₹ 50 lakhs upto ₹ 5 crores


What is the minimum balance (i.e. AQB - Average Quarterly Balance) to be maintained in Ascent Current Account?

An Ascent Current Account customer is required to maintain an AQB of ₹ 50,000/- if the branch is in a Metro / Urban Location & ₹ 25,000/- if it’s a Semi-Urban / Rural Locations


What are the non-maintenance charges (NMC) applicable in Ascent Current Account?

NMC: ₹ 3,000/- per quarter (across all Locations) for Ascent Current Account customers.


What are the conditions for zero NMC charges in case of Ascent Current Account?

An Ascent Current Account customer may avail Zero NMC benefit in quarter subsequent to account opening quarter, if he/she is active on all 3 digital services (i.e. Net-Banking/ Mobile-Banking, Debit Card (ATM/ POS transaction) and Bill Pay) within first 2 months of account opening.

Additionally, the customer will enjoy Zero NMC if the credit throughput value through ME/MPOS/MEAPP in a quarter is ₹ 5 lakhs or more.


What are the key features / multiplier benefits of Ascent Current Account?

Following are the key features of Ascent Current Account:

  • Combined Cash Deposit (Anywhere in India) – 10 times of current month AMB* (Upper cap of ₹ 50 crores per month)

  • Cash Withdrawal is FREE at Home Branch

  • Cash Withdrawal (Non-Home Branch)- 10 times of current month AMB (Upper cap of ₹ 50 crores per month)

  • DD/ PO (Bank Location) – 50 DD/PO free for every slab of ₹ 1 lakh of current month AMB balance maintained (Upper Cap of 1000 DD/PO per month)

  • Cheque Leaves – Free 100 cheque leaves for every slab of ₹ 1 lakh of current month AMB balance maintained (Upper Cap of 2000 cheque leaves per month)

  • Total Transaction (includes count of Cash Deposit, Cash Withdrawal, Cheque Clearing and Fund Transfer Transactions) – 150 transactions for every slab of ₹ 1 lakh of current month AMB balance maintained. (Upper Cap of 3000 transactions per month)

* AMB - Average Monthly Balance


What are the free limits for Cash Deposit?

Ascent Current Account offers multiplier benefits for cash deposit transactions. The free limit offered is 10 times of current month AMB (across any HDFC bank branch across India) capped at a maximum of ₹ 50 crores per month.


What are the free limits for Cash Withdrawal?

In case of Ascent Current Account, cash withdrawal is completely free for home branch. For non-home branches, Ascent current account offers multiplier benefits - Free limit of upto 10 times current month AMB; capped at a maximum of ₹ 50 crores per month.


What are the free limits for issuing DD's (Demand Drafts) / PO's (Pay Order)?

Ascent Current Account offers multiplier benefits for issuance of DD/PO's

  • DD/POs (Bank Location) – 50 DD/PO free for every slab of ₹ 1 lakh of current month AMB balance maintained (Upper Cap of 1000 DD/PO per month)

  • DD/POs (Correspondent Bank Location) – No free limits


How many free cheque leaves are offered per month?

Ascent current account offers multiplier benefits for Cheque leaves. Free upto 100 cheque leaves for every slab of ₹ 1 lakh of current month AMB balance maintained (Upper Cap of 2000 cheque leaves per month)


What are the free limits for total transactions?

Ascent Current Account offers multiplier benefits for total transactions. Free upto 150 transactions for every slab of ₹ 1 lakh of current month AMB balance maintained. (Upper Cap of 3000 transactions per month)

(Note: Total Transactions include count of Cash Deposit, Cash Withdrawal, Cheque Clearing and Fund Transfer Transactions)


How are electronic transactions (NEFT/RTGS/IMPS) charged?

Ascent Current account offers free NEFT/RTGS payments via both Net-banking/ Mobile-Banking as well as Physical request at Branches

IMPS charges on outgoing transactions (through NetBanking & MobileBanking) are as follows:

  • Upto ₹ 1000 : ₹ 3.5/- per transaction,

  • Above ₹ 1000 and upto ₹ 1 lakh: ₹ 5/- per transaction

  • Above ₹ 1 lakh and upto ₹ 2 lakhs: ₹ 15/- per transaction
    (charges exclusive of GST)


What are different ways to access bank account?

Bank anytime, anywhere in person at a branch or ATM, from your laptop or mobile. Click here for more details.