[Resolved]  HDFC Bank — amount deduction

Mar 17, 2020

HDFC Bank Customer Care's response Dear Customer,

Effective September 01, 2010, there is a revision in the ‘standard’ tariff with respect to the Annual Folio Maintenance Charges (FMC) from Rs. 500/- p.a. to Rs. 750/- p.a.
We have introduced a differential transaction-based FMC pricing model. Basis of this model, the FMC payable by you would be based on the various slabs applicable to the transactions made in your Demat account. This flexibility will give you 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 the levy of FMC).
Note: All transactions (Market, Off-Market, Demat and Remat) made over the current billing cycle would be considered for computing the subsequent year’s FMC. Presently Mutual Fund & Pledge related transactions made over the current billing cycle (1 year prior to the levy of FMC) would not be considered for computing the subsequent year’s FMC applicable for your Demat account
Please feel free to write to us using below URL further assistance http://bit.ly/34l0jLA Please mention reference number TT[protected] for us to promptly respond to you via e-mail.

-Nadia
HDFC Bank Customer Assistance