HDFC Bank Savings Account: Review the eligibility criteria for opening an HDFC Bank Regular Savings Account. This savings account is crafted to fulfill your daily banking requirements, providing you with 24X7 access to your banking services. You can apply for an HDFC Savings Account online. Explore additional details about HDFC Savings Account below.
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- 1 HDFC Bank Savings Account Features
- 1.1 Advantages of HDFC Bank Savings Account
- 1.2 Features and Advantages of a Regular Savings Account
- 1.3 Eligibility Criteria for Opening a Regular Savings Account
- 1.4 HDFC Bank Minimum Balance Criteria
- 1.5 HDFC Bank Debit Card Charges
- 1.6 How to Open an HDFC Bank Savings Account
- 1.7 How to Update My PAN Number?
- 1.8 HDFC Bank Savings Account FAQ
HDFC Bank Savings Account Features
- HDFC Bank boasts an extensive network of branches and ATMs, ensuring comprehensive coverage for all your banking requirements, regardless of your location.
- HDFC Bank provides a diverse selection of debit cards, allowing you to choose from a variety of International Debit cards tailored to your specific needs, accompanied by a range of benefits.
- Seize the opportunity to enjoy exclusive discounts and offers through HDFC Bank’s online shopping portal.
Advantages of HDFC Bank Savings Account
- Utilize HDFC Bank NetBanking, BillPay, HDFC Bank PhoneBanking, and HDFC Bank Mobile Banking for all your banking requirements
- HDFC Bank waives the Annual Maintenance Charge (AMC) for the first year on the first new Demat account
- Access facilities such as Safe Deposit Lockers and Super Saver features with your Regular Savings Account
Features and Advantages of a Regular Savings Account
Exclusive Features and Benefits of HDFC Bank Regular Savings Account:
- Convenient Banking: Bank conveniently with facilities such as Net Banking, Phone Banking, and Mobile Banking. Easily check your account balance, pay utility bills, or stop cheque payments, all through SMS.
- Debit Card Rewards: Receive Rewards HDFC Bank Debit Cards (for metro/urban locations) or a Rupay Premium Debit Card (for semi-urban & rural locations) with your Regular Savings Account. Never overspend and enjoy a range of benefits and features on your Debit Card.
- Real-time Balance Updates: Experience the convenience of a Debit Card that always reflects the actual balance in your savings account, ensuring accurate and real-time updates.
- Personalized Cheques: Benefit from personalized cheques with your name printed on each cheque leaf, enhancing the security of your transactions.
- BillPay Facility: Utilize BillPay for instant bill payments, providing a quick solution for settling frequent utility bills. Make payments over the phone or through the Internet.
- Additional Facilities: Avail yourself of facilities like Safe Deposit Lockers and Super Saver facilities on your account, enhancing the overall banking experience.
- Free Passbook and Email Statement: Enjoy a free passbook facility for all account holders (individuals) and receive Email Statements at no additional cost.
- Demat Account Benefits: Experience the waiver of the Annual Maintenance Charge (AMC) for the first year on your first new Demat account, providing additional financial benefits.
Eligibility Criteria for Opening a Regular Savings Account
Eligibility for Opening a Regular Savings Account:
- Resident individual (sole or joint account)
- Hindu undivided family
- Foreign national (residing in India for more than 180 days) – Foreign nationals need to provide:
- Valid passport
- Valid Visa
- FRRO (Foreign Regional Registration Office) Certificate
- Residential permit
HDFC Bank Minimum Balance Criteria
To open a Savings Regular Account, a minimum initial deposit of Rs. 10,000 (for metro/urban branches), Rs. 5,000 (for semi-urban branches), or Rs. 2,500 (for rural branches) is necessary. Additionally, it is mandatory to maintain a minimum average balance as outlined below:
- For Metro/Urban branches: Rs. 10,000 Average Monthly Balance
- For Semi-Urban branches: Rs. 5,000 Average Monthly Balance
- For Rural branches: Rs. 2,500 Average Quarterly Balance or a Fixed Deposit of Rs. 10,000 for a minimum tenure of 1 year 1 day.
Failure to maintain the required average balance will result in the imposition of non-maintenance charges.
Balance Non-Maintenance Charges* | AMB Slabs (in Rs.) | Metro & Urban | Semi Urban |
---|---|---|---|
AMB Requirement – Rs 10,000/- | >=7,500 to < 10,000 | Rs. 150/- | NA |
AMB Requirement – Rs. 5,000/- | >=5,000 to < 7,500 | Rs. 300/- | NA |
>=2,500 to < 5,000 | Rs. 450/- | Rs. 150/- | |
0 to < 2,500 | Rs. 600/- | Rs. 300/- |
plus taxes as applicable
AMB – Average Monthly Balance
AQB Slabs (in Rs.) | Balance Non-Maintenance Charges* (per quarter) – Rural Branches |
---|---|
>= 1000 < 2,500 | Rs. 270/- |
0 – <1000 | Rs. 450/- |
Plus applicable taxes AQB – Average Quarterly Balance
Cheque book – Complimentary – 25 cheque leaves per half-year (1st April – 30th Sep & 1st October – 31st March). An extra chequebook of 25 leaves will incur a charge of Rs 75/- per chequebook.
Passbook issuance* – Free
Returned unpaid cheques – A fee of Rs 100/- per instance will be applied.
Service | Charges | Emoji |
---|---|---|
Balance enquiry – At branch | Free | 🏦 |
Balance certificate | Current year – Free; previous year – Rs. 50 | 💳 |
Interest certificate | Rs. 50 per instance | 📈 |
TDS certificate | Free | 📄 |
Account Closure (from account opening date) | Upto 14 days – Nil; 15 days upto 12 months – Rs 500/- ( Rs 300/- for Senior Citizens); Beyond 12 months – Nil | 🗓️ |
Photo attestation | Rs 100/- per instance ( Nil for Senior Citizens ) | 📸 |
Address confirmation | Rs 50/- per instance | 📍 |
Stop payment ( request from customer not to honour cheque issued ) charges | Particular cheque – Rs. 100 (free through NetBanking), range of cheques – Rs. 200 (free through NetBanking) | 🚫🔄 |
Standing Instructions | Rs. 25/- per transaction plus remittance charge | 🔄💵 |
Unarranged overdraft | Rs. 100 per occasion + 18% interest pa | 💸 |
Old records/copy of paid cheques | Upto 1 year – Rs. 50 per record; above 1 year – Rs. 100 per record | 📜💵 |
HDFC Bank Debit Card Charges
Debit Card | Issuance Fee | Annual/Renewal Fee | Emoji |
---|---|---|---|
Regular Card | Rs. 150 | Rs. 150 | 💳 |
Rupay Premium | Rs. 150 | Rs. 150 | 💳 |
EasyShop Women’s Advantage | Rs. 150 | Rs. 150 | 💳 |
EasyShop Titanium | Rs. 250 | Rs. 250 | 💳 |
EasyShop Titanium Royale | Rs. 400 | Rs. 400 | 💳 |
Rewards Card | Rs. 500 | Rs. 500 | 💳 |
EasyShop Platinum | Rs. 750 | Rs. 750 | 💳 |
How to Open an HDFC Bank Savings Account
To open a Regular Savings Account, you can choose one of the following methods:
- Request a bank representative to contact you by filling in your contact details. Click here to provide your information.
- Download the application form, known as the Account Opening Form (Individuals). After downloading the form, follow these steps: a. Print and complete the application form. b. Submit the form along with the required documents at any of our branches.
For documents submitted at the branch, please allow us one week to respond to your application.
Regarding the rate of interest on the balance in your Savings Account, effective August 19, 2017, the revised rate of interest for Savings Bank deposit accounts is as follows:
Savings Bank Balance | Interest Rate at Present | Revised Rate w.e.f 19th August 2017 |
---|---|---|
Rs. 50 lakh and above | 4% | 4% (Unchanged) |
Below Rs 50 lakh | 4% | 3.50% |
How to Update My PAN Number?
We kindly ask you to follow one of the procedures mentioned below to update your PAN number:
- Request through Branch:
Step 1) Submit a written request specifying your updated PAN number. Step 2) Provide a self-attested photocopy of your PAN card (carry originals for verification).
- Request through Netbanking:
We are pleased to inform you that the PAN can be updated online through your NetBanking.
Please follow the steps below to update your PAN online:
- Log in to NetBanking with your Customer Identification Number and NetBanking Password (IPIN).
- Click on ‘Contact details’ on the top right-hand corner and select Edit PAN number / Click on ‘Add/Update PAN number’ on the Accounts tabs.
- Update your 10-digit PAN.
- Click on Confirm.
Note:
- The submitted PAN will be updated within 5 working days, post validation of the PAN with the income tax records.
- In case of any mismatch of the submitted PAN with Income Tax records, the updation request will be rejected, and the customer will be notified.
- In case of rejection, the customer will need to visit the nearest branch with a copy of the PAN card for updation on Bank records. Please note that in some cases of a difference in name on the PAN Card, the customer may be asked to submit additional documents.
- In the absence of PAN details on Bank records, the interest earned on Fixed Deposits will be subject to penal TDS at 20% (if applicable).
HDFC Bank Savings Account FAQ
To open an HDFC Bank Regular Savings Account, you can check the eligibility criteria and apply online. The account is designed to meet your daily banking needs with 24X7 access.
HDFC Bank Saving Account offers a wide network of branches and ATMs, various types of debit cards, and exclusive discounts through the online shopping portal. You can also use HDFC Bank NetBanking, BillPay, PhoneBanking, and Mobile Banking.
The benefits include convenient banking through Net Banking, Phone Banking, and Mobile Banking, exclusive Rewards Debit Cards, personalized cheques, BillPay facility, Safe Deposit Lockers, Super Saver facilities, free passbook and email statement, and waived-off Annual Maintenance Charge (AMC) for the first year for the first new Demat account.
A Regular Savings Account is open to resident individuals (sole or joint account), Hindu undivided families, and foreign nationals residing in India for more than 180 days. Foreign nationals need to provide a valid passport, visa, FRRO Certificate, and residential permit.
A minimum initial deposit is required, varying for metro/urban, semi-urban, and rural branches. Average Monthly Balance (AMB) requirements are Rs. 10,000 for metro/urban, Rs. 5,000 for semi-urban, and Rs. 2,500 or a Fixed Deposit of Rs. 10,000 for rural branches.