HDFC Bank credit card holders can withdraw cash from ATMs up to a defined limit, but this facility comes with specific charges and terms that every cardholder should know. The cash withdrawal also known as a “cash advance” incurs a sizable fee, attracts high interest from day one, and has restrictions in terms of the amount you can withdraw each billing cycle.
HDFC Bank Credit Card Cash Withdrawal Charges
Cash advance fee: 2.5% of the withdrawn amount, or ₹500, whichever is higher. For example, withdrawing ₹30,000 incurs a ₹750 fee, but withdrawing ₹5,000 still incurs the minimum ₹500 fee.
Interest charges: Monthly interest rates range from 1.99% to 3.6% (23.88% to 42% annualized), depending on the specific card type and payment history. Interest is charged from the date of withdrawal until repayment—there is no interest-free period for cash advances.
ATM fees: HDFC allows five free ATM transactions per month; beyond this, an additional ATM maintenance fee of ₹17 per withdrawal applies.
Other fees: In case of payment defaults, interest may go up to 3.5% monthly (42% annually).
Cash Withdrawal Limit
Cash advance limit: Typically set at 40% of the total credit limit for most cards. For instance, if the credit limit is ₹1 lakh, the maximum cash limit is ₹40,000.
The withdrawal limitations vary from user to user along with the card variant, to know the specifics, refer to net banking or speak to customer support.
Theoretically, if the limit on the card is one lakh, with forty percent able to be withdrawn (₹40,000), the processing fees for the advance as calculated from the withdrawn amount.
Example Calculation
- If ₹30,000 is withdrawn, cash advance fee = ₹750. Interest fee, around 3 percent monthly based on the remaining limit, accumulates as long as the limit remains undetermined.
- If, however, 5,000 is taken from the card, cash advance fee still stands at ₹500. Interest is omnipotent with no initial cooling-off period whatsoever.
Important Points to Note
- Taking cash from a credit card should be done strategically and reserved for true emergencies.
- Being charged heavy interest is better avoided.
- You are free to request for a cash withdraw limit increase, as long as you can maintain a high level of creditworthiness. Approval to do so is however, based on the discretion of the bank.
- Always check both total and available cash limits via net banking before withdrawing.
HDFC Bank Credit Card Cash Withdrawal Fees
| Card Type | Cash Advance Fee | Finance Charges | Cash Limit | Interest-Free Period |
|---|---|---|---|---|
| Diners Black, Infinia, Marriot Bonvoy | 2.5% or ₹500 (min) | 1.99% per month (23.88% p.a.) | Up to 40% | None |
| Regalia, Millennia | 2.5% or ₹500 (min) | 3.60% per month (43.2% p.a.) | Up to 40% | None |
| MoneyBack, Business | 2.5% or ₹500 (min) | 3.49% per month (41.88% p.a.) | Up to 40% | None |
| All Others | 2.5% or ₹500 (min) | 1.99%-3.5% monthly | Up to 40% | None |
What This Means for Cardholders
- You can withdraw cash from any ATM with an HDFC credit card, subject to the cash limit assigned to the card.
- Fees and interest, as applicable, are much more on cash withdrawal as compared to card purchases. with no grace/interest-free periods.
- The value repaid on cash withdrawal, if not paid promptly, becomes quite large as the interest rates are compounded monthly. For this reason, the amount should really be paid back as promptly as possible.
Steps to withdraw cash from HDFC credit card at ATM safely
Cardholders can securely complete HDFC Credit Card cash withdrawals at ATMs, provided adequate steps and precautions are taken to minimize risks.
Guidelines for Cash Withdrawals through ATMs using HDFC Credit Card
- First, find an ATM, we recommend HDFC ATMs, although any ATM works.
- Next, insert the HDFC credit card into the ATM card reader.
- Follow the prompts to select a preferred language.
- Choose the Cash Withdrawal or Cash Advance option.
- Then, select a cash advance amount: remember this cash advance falls within your card cash limit and should not exceed 40% of your total credit limit.
- Proceed to the next screen and enter the credit card PIN. Although not common, at times an OTP will be sent for extra security.
- Depending on the card, confirm and wait for the card to be dispensed, or the transaction may be reversed.
- You should only be able to collect one of the cards: this is only possible if the transaction fails.
- Needless to say, if transaction slips are a point of concern, please select a card and confirm the transaction afterwards.
- Lastly, review and confirm through SMS or email for any transaction you’d like.
Safety Mandatory Guidelines while Withdraw cash
- Make sure there is no suspicious behavior toward the cash advance mechanism, if any, do not speak to these people at all.
- As you enter the PIN, place your hand/body over the keypad to conceal it.
- Don’t physically yank your card out until the ATM indicates you can do so.
- To exit, press “Cancel,” but do not walk away until the ATM displays the welcome screen.
- Use ATMs in banks or in illuminated, crowded areas.
- To keep track of balances and promptly notify the bank of any inaccuracies, it is important to record every transaction using the HDFC net banking or mobile application.
Frequently Asked Questions
This covers all key details required for understanding the HDFC Bank credit card cash withdrawal charges and guidelines for 2025.