HDFC has just added four new business accounts to its portfolio: Biz Lite+, Biz Pro+, Biz Ultra+, and Biz Elite+. Each account has a purpose and is designed to meet different business needs. Additionally, it comes with a complimentary business debit card, allowing users to enjoy benefits such as complimentary domestic lounge access. Users can select the type of account they prefer based on its specifications, whether it fits their needs, and their ability to maintain the Average Quarterly Balance.
Biz Lite+ Account
The Biz Lite+ Account offers strong banking solutions that support the growth of your business. It addresses both essential everyday and expanding business needs with effective banking services. The minimum Average Quarterly Balance (AQB) required for a Biz Lite+ Account is as follows:
- Metro & Urban: ₹25,000 (For accounts with ME/PG/MPOS/QR: ₹10,000)
- Semi Urban & Rural: ₹10,000 (in any two quarters of the year)
The features and benefits of the Biz Lite+ Account include:
- Cash deposits are free up to ₹2 lakh per month or six times the current month’s AMB, whichever is higher.
- Cash withdrawals are free up to six times the current month’s AMB at HDFC Bank Non-Home Branch.
- RTGS and NEFT payments are free through NetBanking.
- Waive the commitment to maintain the account balance by maintaining quarterly volumes of ₹3 lakh or more through ME, PG, or MPOS.
- Enjoy complimentary lounge access at selected domestic airports twice every calendar quarter with the free debit card.
- Complimentary shopkeeper insurance up to ₹3,00,000 & cyber insurance up to ₹2,00,000
Biz Pro+ Account
The Biz Pro+ Account is designed to help in the business growth journey with integrated banking solutions and meaningful banking partnerships. The minimum Average Quarterly Balance (AQB) required for a Biz Pro+ Account is ₹50,000 for Metro and Urban Locations, and ₹25,000 for Semi-Urban and Rural Locations. The key features and benefits of the Biz Pro+ Account:
- Complimentary business debit card.
- Enjoy complimentary lounge access at selected domestic airports twice each calendar quarter.
- Cash deposits are complimentary for amounts up to ₹6 lakh monthly or ten times the average monthly balance (AMB), whichever is greater.
- Cash withdrawals can be made for free up to ten times the AMB at HDFC Bank non-home branches.
- Payments via RTGS, NEFT, and IMPS are free when in the branch or through NetBanking.
- A balance commitment waiver is available for quarterly volumes of ₹5 lakh or more through ME / PG / MPOS.
- Complimentary shopkeeper insurance up to ₹ 5,00,000 & cyber insurance up to ₹ 2,50,000
Biz Ultra+ Account
An account created to simplify your business operations and ensure uninterrupted growth on your journey, offering efficient banking solutions that meet the diverse, multi-location needs of your business. The minimum Average Quarterly Balance (AQB) required for maintaining a Biz Ultra+ Account is as follows:
- ₹2,00,000 for Metro and Urban locations
- ₹1,00,000 for Semi Urban and Rural locations
Features and the benefits of the Biz Ultra+ Account include —
- Cash deposits are free up to ₹25 lakh per month or 12 times the current month’s average minimum balance (AMB), whichever amount is greater.
- At HDFC Bank non-home branches, cash withdrawals are free up to 12 times the current month’s average monthly balance (AMB).
- RTGS and NEFT payments are free through the branch and NetBanking. Balance commitment waiver applies to quarterly volumes of ₹7 lakh or more through ME / PG / MPOS.
- Complimentary lounge access is based on user spending for select domestic airports and is available twice per calendar quarter.
- Complimentary shopkeeper insurance up to ₹ 7,50,000 & cyber insurance up to ₹ 3,00,000
Biz Elite+ Account
Biz Elite+ is an account created to help businesses grow by offering integrated and hassle-free financial solutions. It includes exclusive services such as a dedicated single point of contact and customized benefits designed to fulfill your banking needs wherever and whenever you need them. To maintain a Biz Elite+ Account, you will need to keep an Average Quarterly Balance (AQB) of ₹5,00,00 in metro and urban areas, or ₹2,50,000 in semi-urban and rural areas. The main features of the Biz Elite+ Account are–
- A complimentary business debit card.
- Cash deposits are free up to ₹75 lakh per month or 15 times this month’s average monthly balance (AMB), whichever is higher.
- Cash withdrawals are complimentary for up to 15 instances of the current month’s AMB at HDFC Bank Non-Home Branch.
- RTGS, NEFT, and IMPS transactions are free via Branch and NetBanking.
- Balance commitment waiver applies for quarterly volumes of ₹15 lakh or more through ME/PG/MPOS.
- Enjoy complimentary lounge access at select domestic airports twice per calendar quarter based on spending.
- Coverage of up to ₹10 lakh for Personal Accidental Death (Rail/Road/Air).
- Complimentary shopkeeper insurance up to ₹ 10,00,000 & cyber insurance up to ₹ 4,00,000
Bottom Line
HDFC’s Biz current accounts, which are new additions to their already existing portfolio of business current accounts, help businessmen grow their businesses with features like free cash deposits and withdrawals, a complimentary business debit card, complimentary shopkeepers insurance, and flexible limits. There is an account for businesses of all sizes, and users can select one based on its features, perks, and capacity to maintain an average quarterly balance. Enterprises of all sizes now have more options to choose from, and the HDFC current account for their business, and take advantage of its banking services.