HDFC Bank PDC

What is PDC in HDFC Bank so will you please tell me? Also tell me the use of PDC in the bank?

[shikha]

PDC stands for Post dated cheques. PDCs are collected for repayment of EMIs.

Post Dated Cheques(PDCs)/Security Cheques submitted towards loan repayment that have not been encashed, will be defaced and retained by the Bank.

In case, you wish to have your old Post Dated Cheques(PDCs)/ Security Cheques to be returned to you, kindly lodge a request at the Retail Loan Service Center or through PhoneBanking or write an email at the Bank within 45 days from the date of application of change in repayment instructions.

In case, we do not hear from you within the stipulated period, the defaced cheques will be destroyed.

A service charge of Rs.500 is applicable for changes in loan repayment instructions issued from non-HDFC Bank Account (ECS or PDC facility).

A cheque/payorder/demand draft for Rs. 500 favouring HDFC Bank Ltd Loan Account No. will be required along with the revised set of repayment instructions.

Contact-

Corporate Office

HDFC Bank House
1st Floor,C.S.No.6/242,
Senapati Bapat Marg,
Lower Parel,
Mumbai - 400 013.