HDFC Bank Savings Account Eligibility: Discover the requirements for opening an HDFC Bank Regular Savings Account. This savings account is tailored to fulfill your everyday banking requirements, offering round-the-clock access to your funds. You can conveniently apply for an HDFC Bank Savings Account. Explore additional details about the HDFC Savings Account below.
HDFC Bank Saving Account Features
- HDFC Bank boasts an extensive branch and ATM network, ensuring that your banking requirements are met regardless of your location.
- Choose from a variety of debit card options offered by HDFC Bank, including international debit cards tailored to your specific needs, with a host of accompanying benefits.
- Unlock exclusive discounts and offers by accessing our online shopping portal.
Benefits Of HDFC Bank Saving Account
- Fulfill all your banking requirements with HDFC Bank by utilizing services such as HDFC Bank NetBanking, BillPay, HDFC Bank PhoneBanking, and HDFC Bank Mobile Banking.
- For the initial year of your first new Demat account, HDFC Bank waives off the Annual Maintenance Charge (AMC).
- Enjoy additional services like Safe Deposit Lockers and Super Saver facilities with your Regular Savings Account.
Features And Benefits Of Regular Saving Account
With your HDFC Bank Regular Savings Account, you can enjoy a range of exclusive features and benefits, including:
- HDFC Bank offers a range of convenient banking facilities, including Net Banking, Phone Banking, and Mobile Banking, allowing you to check your account balance, pay utility bills, or stop cheque payments through SMS.
- Receive Rewards Debit Cards (metro/urban locations) or a Rupay Premium Debit Card (semi-urban & rural locations) with your Regular Savings Account to ensure responsible spending.
- Enjoy a variety of benefits and features on your Debit Card that always reflect your actual savings account balance.
- Enhance security with personalized cheques featuring your name on each cheque leaf.
- Utilize BillPay for instant utility bill payments, accessible through phone or internet instructions.
- Explore additional amenities such as Safe Deposit Lockers and Super Saver facilities.
- Account holders (individuals) can take advantage of the free passbook facility and receive email statements at no extra cost.
- For the first year of your initial new Demat account, HDFC Bank waives off the Annual Maintenance Charge (AMC).
HDFC Regular Saving Account Eligibility Criteria
HDFC Savings Account Eligibility: A HDFC Savings Account Eligibility is open to the following individuals or entities:
- Resident individuals (sole or joint account)
- Hindu undivided families (HUF)
- Foreign nationals
For foreign nationals HDFC Savings Account Eligibility, it is necessary to have resided in India for a duration exceeding 180 days and to furnish the following documents:
- A valid passport
- A valid Visa
- FRRO (Foreign Regional Registration Office) Certificate
- Residential permit
HDFC Minimum Balance For Savings Account
To open a Savings Regular Account, a minimum initial deposit is required as follows:
- Metro/Urban branches: Rs. 10,000
- Semi-urban branches: Rs. 5,000
- Rural branches: Rs. 2,500
Please take note of the necessity to maintain a minimum average balance in your Savings Regular Account based on the branch type:
- Metro/Urban branches: Rs. 10,000 Average Monthly Balance
- Semi-Urban branches: Rs. 5,000 Average Monthly Balance
- 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 in your savings account will result in the imposition of the following non-maintenance charges:
| AMB Slabs (in Rs.) | Metro & Urban Non-Maintenance Charges | Semi-Urban Non-Maintenance Charges |
|---|---|---|
| AMB Requirement – Rs 10,000 | AMB Requirement – Rs 5,000 | |
| >= 7,500 to < 10,000 | Rs. 150 | NA |
| >= 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 |
Additionally, taxes as per regulations.
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/- |
Additionally, any applicable taxes.
AQB – Average Quarterly Balance
You will receive a complimentary chequebook with 25 leaves for each half-year period (1st April to 30th September and 1st October to 31st March). Any extra 25-leaf chequebook will incur a charge of Rs. 75 per book.
Issuance of a passbook is provided at no cost.
A fee of Rs. 100 will be applied for each instance of unpaid deposited cheques.
| Service | Charges |
|---|---|
| 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 – ❌ |
| 15 Days up to 12 Months – 💰 Rs. 500 (💰 Rs. 300 for Senior Citizens) | |
| Beyond 12 Months – ❌ (w.e.f 1st July’13) | |
| Photo Attestation | 📸 💰 Rs. 100 per instance (❌ for Senior Citizens, w.e.f 1st July’13) |
| Address Confirmation | 📬 💰 Rs. 50 per instance |
| Stop Payment (request not to honor cheque) | 🚫 Particular Cheque – 💰 Rs. 100 (🆓 through NetBanking) |
| 🚫 Range of Cheques – 💰 Rs. 200 (🆓 through NetBanking) | |
| Standing Instructions | 💰 Rs. 25 per transaction plus remittance charge (w.e.f 1st July’13) |
| Unarranged Overdraft | 💰 Rs. 100 per occasion + 18% interest per annum |
| 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 |
|---|---|---|
| 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 Apply HDFC Bank Saving Account
To initiate the process of opening a Regular Savings Account, you simply need to choose one of the two procedures outlined below:
- Request one of our bank representatives to contact you. Click Here to fill in your contact details.
- Download an application form (Account Opening Form for Individuals) and follow these steps:
- Print and complete the application form.
- Submit the form and the necessary documents at any of our branches.
For documents submitted at the branch, kindly allow us a one-week period to process your application.
Could you please provide information about the interest rate that applies to the balance in my Savings Account?
Starting from August 19, 2017, the interest rate for Savings Bank deposit accounts has been updated 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 can I Update my PAN number?
We kindly ask you to follow one of the two procedures mentioned below to update your PAN number:
1) 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. Please bring the original for verification.
2) Request through Netbanking:
We’re pleased to inform you that you can conveniently update your PAN online through your NetBanking account.
To do so, please follow these steps:
- Log in to your NetBanking account using your Customer Identification Number and NetBanking Password (IPIN).
- Click on ‘Contact details’ located at the top right-hand corner.
- Select ‘Edit PAN number’ or click on ‘Add/Update PAN number’ under the Accounts tab.
- Update your 10-digit PAN number.
- Confirm the changes.
Note:
- Your submitted PAN will be updated within 5 working days after the validation of the PAN with the income tax records.
- If there is any discrepancy between the submitted PAN and the Income Tax records, the request for updating will be rejected, and the customer will receive a notification.
- If the request is rejected, the customer should visit the nearest branch with a copy of the PAN card for updating in the bank’s records. Please note that in cases of name discrepancies on the PAN Card, additional documents may be required.
- In the absence of PAN details in the bank’s records, the interest earned on Fixed Deposits may be subject to penal TDS at a rate of 20%, if applicable.
FAQ?: HDFC Bank Saving Account
The present interest rate for balances below Rs. 50,00,000 stands at 3%, while it is 3.5% for amounts exceeding Rs. 50,00,000. For the most up-to-date interest rates, we recommend reaching out to your nearest branch.
All resident individuals aged 60 years or above meet the eligibility requirements for opening a Senior Citizen account. In the case of a joint account, the age of the primary applicant is considered. An initial deposit of at least Rs. 5,000 is necessary to open this account.
The interest accrued on your savings account balance is applied to your account every quarter.
Certainly, you have the option to upgrade your savings account type to align with your requirements. Kindly get in touch with our nearest branch, and our customer service executive will guide you through the process.
