Dear Customer,
Greetings from HDFC Bank!
Minimum Amount Due (MAD) calculation will be revised as explained below with effect from your June 2025 statement onwards.
If 5% of (Finance Charge + Retail Spends + Cash Advance) is higher than the Finance Charge, then:
MAD = Total GST + EMI amount + 100% of Fees/Charges + 5% of (Finance Charge + Retail Spends + Cash Advance) + Overlimit Amount* (if any). Please refer to Illustration 1
If 5% of (Finance Charge + Retail Spends + Cash Advance) is less than the Finance Charge, then:
MAD = Total GST + EMI amount + 100% of Fees/Charges + 100% of Finance Charges + 5% of (Retail Spends + Cash Advance) + Overlimit Amount* (if any). Please refer to Illustration 2.
In the Illustration below, 5% of (Finance Charge + Retail balance + Cash Advance balance) = ₹1,330 (rounded up) which is higher than the Finance charge of ₹660.78, hence, the MAD will be calculated as stated in the table below.
| Illustration 1 | ||||
|---|---|---|---|---|
| Credit Limit | 2,50,000 | |||
| Header | Statemented Amount | MAD % | MAD Amount | |
| A | Retail/Cash Outstanding balance | 25,886.40 | 5% | 1,330.00 |
| B | Finance Charge | 660.78 | 5% | |
| C | EMI Amount | 5,444.00 | 100% | 5,444.00 |
| D | Fees & Charges | 750 | 100% | 750.00 |
| E | Total GST in the statement | 386.78 | 100% | 386.78 |
| Total Amount due | 33,127.96 | 7,910.78 |
In the illustration below, 5% of (Finance Charge + Retail balance + Cash Advance balance) = ₹6,360(rounded up) which is lower than the finance charge of ₹8390.96, hence, the MAD will be calculated as stated in the table below.
| Illustration 2 | ||||
|---|---|---|---|---|
| Credit Limit | 5,00,000 | |||
| Header | Statemented Amount | MAD % | MAD Amount | |
| A | Retail/Cash Outstanding balance | 1,18,692.00 | 5% | 14,331.41 |
| B | Finance Charge | 8,390.96 | 100% | |
| C | Fees & Charges | 1,689.35 | 100% | 1,689.35 |
| D | Total GST in the statement | 1,814.46 | 100% | 1,814.46 |
| Total Amount due | 1,30,586.77 | 17,835.22 |
In case customer has exceeded assigned credit limit – *Overlimit (OVL) and If OVL amount is higher than the Computed MAD, then MAD = OVL. Please refer to Illustration 3.
| Illustration 3 | |||||
|---|---|---|---|---|---|
| Credit Limit | 40,000 | ||||
| Header | Statemented Amount | MAD % | Computed MAD | Final MAD | |
| A | Retail/Cash Outstanding balance | 42,893.00 | 5% | 2,220.00 | |
| B | Finance Charge | 1,448.06 | 5% | ||
| C | Fees & Charges | 1,100.00 | 100% | 1,100.00 | |
| D | Total GST in the statement | 458.65 | 100% | 458.65 | |
| Total Amount due | 45,899.71 | 3,778.65 | 5899.71 | ||
| OVL Amount | 5,899.71 |
OVL amount (Total Amount due – Credit Limit) = ₹5,899.71, which is greater than the Computed MAD of ₹3778.65; MAD = OVL (₹5899.71)
Note : MAD Calculation includes the rounding of 5% of principal and Interest to the nearest 10th digit . Any unpaid Minimum Amount Due of the previous statements will be added to the cardmember’s current Minimum Amount Due. In cases where MAD value below or equal to Rs 200, the MAD value will be charged as ₹200. Where statement value of Total Amount Due (TAD) is ₹200 and lower, MAD will be equal to TAD.
Finance Charge applies only if the outstanding balance on your card is not paid in full by the Payment Due Date. Finance charges on cash advances are applicable from the date of transaction until the payment is made in full. If a Cardholder avails of the revolving credit facility of the HDFC Bank Credit Card and hence chooses to pay an amount less than the total amount due reflected in the monthly billing statement, the entire outstanding amount except charges would attract finance charges and all new transactions will also attract finance charges till such time as the previous outstanding amounts are repaid in full by the due date.
For further details, please refer to MITC or contact HDFC Bank Customer Service.
Thank You for Choosing HDFC Bank!
Warm regards,
HDFC Bank