HDFC Bank — HDFC bank - Depository charges

Dear Rohan,
The charges levied to your Bank account pertains to Annual Folio Maintenance charges (FMC) for your Demat account. Service Tax & Education Cess is levied separately.We would like to inform you that there has been a revision in 'standard' tariff with respect to the FMC from Rs. 500/- p.a. to Rs. 750/- p.a. However being an esteemed Corporate Salary customer of the Bank you are entitled to special pricing on the FMC. You now have an opportunity to reduce the FMC in the subsequent year, basis the level of transactions carried out in the current billing cycle (1 year prior to levy of FMC).The slabs, applicable as per transaction based FMC pricing model, for your Demat account are given below:Folio Maintenance Level 1 (upto 10 txns.) Rs. 500/- per annum -Level 2 (between 11 and 25 txns.) Rs. 300/- per annum -Level 3 (greater than 25 txns.) Rs. 100/- per annum -We trust that you would have opened your Demat account with a long term objective of making regular investments in various securities and the basis the revised differential FMC Pricing module you stand to benefit from a reduced FMC for transactions done in your Demat account.Note: #All transactions (Market, Off-market, Demat and Remat) made over the current billing cycle (1 year prior to levy of FMC) would be considered for computing the subsequent year’s FMC applicable for your Demat Account. Presently Mutual Fund and Pledge related transactions made over the current billing cycle (1 year prior to levy of FMC) would not be considered for computing the subsequent year’s FMC applicable for your Demat Account.We would like to inform you that you have done Nil transactions in the last 12 months of the billing cycle (1 year prior to levy of FMC). Hence you have been levied a FMC of Rs. 500 plus taxes as per the above mentioned slabs.We thank you for your patronage and look forward to a long association with you.

- Anay.
HDFC Bank customer assistance.

This is in reference to the transaction made into my account without intimating me by hdfc bank.

An amount of Rs 106.75 has been debited on 12th SEP 2014 from my saving account, mentioning about 'depository charges DEPOSITORY CHARGES AUG[protected]. The ref.no. is[protected]. i can't no in which type of this charged will be deducted in my regular saving a/c

Please help and givem me an update on [protected]@gmail.com

PLEASE HELP ME

I have a Demat account that the HDFC bank people automatically opened for me when I started with them.They had clearly mentioned that it is free. I have never used this account.

Now they have deducted 561.80 Rs, DEPOSITORY CHARGES DEC14.

This is a gross and unfair usage of my money by HDFC. This is a clear exploitation of the customer's trust in HDFC.

Please help me on this behalf. My email is [protected]@outlook.com

Hi,

My customer ID is 47227522
email id is : [protected]@gmail.com

An amount of Rs 842.70 has been debited on 12th Feb 2015 from my salary account, mentioning about depository charges DEPOSITORY CHARGES JAN[protected] with a reference number[protected] on demat account. I have never used this account.

This has happened in spite of me not using the demat services and when the account was given to me it was told that it would be absolutely free. This is clear exploitation of customers. Why do you people let your representatives tell like this, they should say the charges when we are opening account.

It's really double standards when we were opening account agents used to call us and they collected all documents even though we weren't interested. They behaved like we will get the same type of service through out the span of account where as if I want to close the DEMAT I have to visit the nearest bank personally, then what's the point of net banking. This makes us sick.

AXIS bank on the other hand is more transparent and truth worthy. If I have not received any explanation I will close my account.

Regards,
Sadanand.