HDFC Bank Savings Account

HDFC has a number of savings account programs, each with its own set of rewards and features that are easily accessible.

The HDFC savings account includes cutting-edge banking features and services. Customers may compare and choose the account that best matches their needs, and a personal Relationship Manager is always ready to help them.

Here is detailed information about the HDFC Bank Savings Account with its features, interest rates, types, and more.

HDFC Savings Account Interest Rate 2024

Here is the table for the HDFC Bank savings account interest rate-

HDFC Bank Saving Account Balances

HDFC Bank Savings Interest Rate

Less than Rs. 50 lakhs

3.00% p.a

More than Rs. 50 lakhs

3.50% p.a

Features of the HDFC Savings Account

The following are the benefits of an HDFC Savings Bank account-

  • Minimum Account Balance: The minimum account balance for the Savings Accounts varies by account. The minimum balance requirements are as follows.

  • ATM Card Service: HDFC Bank customers can withdraw money from ATMs. In addition, all savings account holders receive ATM cards from the bank.

  • Maximum Account Balance: The maximum account balance in any of the Savings accounts is also unlimited.

  • Nomination Facility: Depositors can name a beneficiary as a candidate for their savings account.

How to Open HDFC Online Savings Account?

As per the HDFC savings account opening process, the majority of the savings accounts may be opened online. The bank has eliminated the necessity for KYC papers during the Covid-era by issuing KYC via video.

An HDFC Savings account can be opened online through the HDFC Bank website or the HDFC mobile app.

Who can Open a Savings Account in HDFC Bank?

The following is the HDFC Bank Savings Account qualifying requirements-

  • Families Undivided in Hinduism.
  • Minors over the age of ten for a self-service account with ATM/Debit Card.
  • Foreign Nationals who have been in India for at least 180 days and have a valid Visa, Passport, Residence Permit, or Foreign Regional. Certificate from the Registration Office.
  • Individuals who live in the United States for their own or joint account.

Documents that are Required to Open a Savings Account with HDFC Bank

  • PAN Card
  • Passport-sized photograph(s)
  • Address & Identity Proof

Charges of the HDFC Bank Savings Account

Standing Instructions 

Rs. 25 + Remittance

Debit Card Charges

Rs. 100 - Rs. 150

Cheque Book

25 leaves for Rs. 100

ATM Replacement

Rs. 200 + applicable taxes

Types of Savings Accounts Offered by the HDFC Bank

Following are some of the types of Savings Accounts provided by the HDFC Bank-

1) Regular Savings Account

  • Individual debit cards can be tailored to meet specific needs. You can select either a Rewards Debit card or a RuPay Platinum Debit card.
  • Access to a large network of branches and ATMs located around the country.
  • Annual Maintenance Charges for the initial Demat account are waived for the first year.
  • Free passbook and email statement services are available.

2) Senior Citizen Savings Account

  • Specially created for Senior Citizens to provide them with security and increased returns in their golden years.
  • International Debit Card for Free
  • All account holders receive free insurance benefits.
  • FD rates are reduced.
  • AMCs (Annual Maintenance Charges) are waived for the first year for new Demat accounts.

3) Max Savings Account

  • A high-interest savings account.
  • Provides a Lifetime Platinum Debit card with a daily withdrawal limit of Rs. 1,00,000 and a shopping limit of Rs. 5,000.
  • A wide range of banking services is available through NetBanking, MobileBanking, and Phone Banking platforms, including the ability to check account balances, pay utility bills, and transfer funds.
  • MoneyMaximiser: An automatic sweep-out feature that deposits your excess funds into a fixed deposit. When you run out of funds, the FD will automatically replenish your account.

4) Digi Saving Account

  • Designed specifically for young people to make the most of online purchasing using HDFC Bank's online shopping platform.
  • Insurance benefits of up to Rs. 1,14,00,000 are available.
  • Special deals on educational loans and currency cards.
  • For the first year, the Times Points Debit card is free. 500 Times Points as a welcome bonus on your first purchase at any Point of Sale or online partner with the card.

5) Women's Savings Account

  • On your Demat account, you will receive a remission of annual maintenance expenses as well as free folio maintenance for the first year.
  • A personal accident death cover of Rs.10,000 is provided.
  • All account holders receive free lifetime Billpay.
  • A daily cash withdrawal restriction of Rs. 25,000 and an everyday shopping limit of Rs. 2,75,000 are in effect. Up to Rs.1 cashback on all applicable categories for every Rs.200 spent.

6) Kids Advantage Savings Account

  • A bank account was developed for children to teach them the value of money management.
  • Rs. 100,000 in free education insurance
  • MoneyMaximizer is a free service.
  • All HDFC Bank and non-HDFC Bank ATMs offer free cash withdrawals and balance inquiries.
  • The daily cash withdrawal limit is Rs. 2500, and the daily shopping limit is Rs. 10000.

7) Government Scheme Beneficiary Savings Account

  • Beneficiaries of government programs can open a zero-balance savings account.
  • Provides a free RuPay Debit card as well as increased cash transaction limits.
  • Safe deposit boxes and Super Saver accounts are available.
  • Insurance benefits of up to Rs. 2,000,000 are available through your RuPay Debit card.

8) BSBDA Small Account

  • All accounts come with a free RuPay debit card.
  • All HDFC Bank locations and ATMs offer free cash and check deposits.
  • Free BillPay for life.
  • Each month, you are entitled to four free withdrawals.

9) Government or Institutional Savings Account

  • A straightforward zero-balance account for governments and institutions.
  • Allows the account to be linked to the HDFC bank payment gateway, POS terminals, and Payment Kiosks to manage the collection of fees, invoices, donations, and so on.
  • ENET, a corporate payment platform, permits salary and vendor payments, among other things.
  • Free BillPay service for life.
  • To satisfy the user's demands, a zero-balance savings account is available.
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