[Resolved] HDFC Bank — deduction of rs. 300 under the category

[Resolved] HDFC Bank — deduction of rs. 300 under the category - depository charges

M Meera Pramod from Bengaluru, Karnataka

Today i also report the same issue. Why this has been happing to everyone without any information? I have lost 300 rs on 16 april with the same comment - depository charges. This was a erp account created by my company and these deductions were never informed to me. Pls refund the money which was deducted with any prior information. I'll close this account as i cannot afford to lose my hard earned money. Was this information helpful? No (0) Yes (0)
Jun 2, 2018 Complaint marked as Resolved HDFC Bank customer support has been notified about the posted complaint. Verified Support Apr 20, 2018 HDFC Bank Customer Care's response Dear Customer, The charges levied to your account Pertains to Annual Folio Maintenance charges (FMC) for your Demat account. Service Tax & Education Cess is levied separately. The FMC is levied after giving adequate advance intimation in the billing statement. 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 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). Please feel free to write to us at [protected]@hdfcbank.com for any further assistance/clarification and we shall be glad to assist you. -Anay HDFC Bank Customer Assistance
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