Quartely deduction of Charges by HDFC Bank on Mutual Funds

POSTED BY Subhash Chakravarti ON October 9, 2013 1:41 pm COMMENTS (2)

I have been purchasing MF through HDFC bank online platform and have redeemed and closed all my MF trasanction through HDFC bank. But I am not sure why they are still deducting a quarterly charge for Mutual Funds

2 replies on this article “Quartely deduction of Charges by HDFC Bank on Mutual Funds”

  1. Sumit says:

    Yes, Investor Service Account is still open and what they are charging is the Quarterly service charge, close that if you don’t want to make any MF transactions with them in near future.


  2. ashalanshu says:

    Dear Subhash, I assume you are talking about ISA, Investor Service Acount of HDFC. You need to inform for closure of this ISA with your branch or customer care. With out your info, HDFC ‘ll not stop charging you.



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