Dynamic Current Account FAQ

Charges and limits on cash deposit

What are my charges and limits on cash deposit in my Dynamic Current account ?


  • Charges and limits on cash deposit

Enjoy free cash deposit of up to 10 times the AMB maintained in the account anywhere in the country, beyond which you will be charged Rs.3 per Rs.1,000/-

Scenario 1

ABC Traders maintains a balance of Rs. 2 lakh in Mar’16. It does a total cash deposit of 15 Lacs in the month of Mar’16.
Total free cash deposit the company will get = CA AMB of 2 lakhs × 10 = Rs. 20 lakhs.Since the cash deposit of 15 Lacs for the month is less than the free cash deposit limit of 20 Lacs for the month, ABC Traders will not incur any cash deposit charges in the month of Mar’16.

Scenario 2

ABC Traders maintains a balance of Rs. 2 lakh. It does a total cash deposit of 30 Lacs in the month of Mar’16.
Total free cash deposit the company will get = CA AMB of 2 lakhs × 10 = Rs. 20 lakhs.Since the cash deposit of 30 Lacs for the month is more than the free cash deposit limit of 20 Lacs for the month, ABC Traders will incur cash deposit charges in the month of Mar’16. The charges will be levied on the additional cash deposit over and above the free cash deposit limit at the rate of Rs 3 per 1000. The illustration is captured as below:
Total cash deposit done in the month of Mar’16 - 30 Lacs
Free cash deposit limit basis the AMB – 20 Lacs
Additional cash deposited over the free limit – 10 Lacs

Charges incurred = 3 * 1000000/1000 = 3*1000 = INR 3000 + applicable taxes
Total Cash deposit the company will get = CASA AMB of 1 lakh × 10 +20× 50,000 = Rs. 20 lakhs

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