HDFC Bank Savings Account

Read on to understand the various aspects of the HDFC Bank Savings Account such as its eligibility criteria, application process, documents required, and more!

HDFC Bank Savings Account Interest Rates

The table below gives you a quick overview of the interest rates on the HDFC Bank Savings Account as per the balance amounts:

HDFC Bank Minimum Balance

The HDFC Savings Account minimum balance requirements for HDFC Bank Savings Accounts vary based on the account type and branch location.

Types of HDFC Savings Accounts

There are 5 types of HDFC Bank Savings Account to meet the different needs of individuals. These are:

1. Regular Savings Account: The HDFC Regular Savings Account is the standard savings account that helps access banking services, provided you maintain the required minimum monthly balance.
2. Women’s Savings Account: Specially designed for women, the HDFC Women’s Savings Account helps access loans and discounts.
3. Kid’s Savings Account: Parents can open a savings account for their child who is 18 years and below. A debit card will be provided for the child with limits on expenses and cash withdrawals.
4. Senior Citizens Savings Account: Designed for senior citizens to help manage their finances without any hassle. The HDFC Senior Citizens Account comes with Doorstep Banking Services which prevents the need to visit banks.
5. Basic Savings Bank Deposit Account (BSBDA): Also known as the HDFC zero-balance account, you can enjoy all the banking facilities offered by the Regular Savings Account.

Features & Benefits of HDFC Savings Account

For an enhanced banking experience, the HDFC Bank Savings Account comes with a range of features and benefits:

Features

• Affordable interest rates are based on the account type and balance.
• Debit card that offers discounts and insurance benefits.
• Quick transfer of money via HDFC online banking services such as UPI, NEFT, RTGS, IMPS, and NEFT.
• Safe and easy payment of bills.

Benefits

Below are the various benefits of the hDFC Bank Savings Account that you can avail of:

• Smooth digital transactions via UPI, Debit Cards, NetBanking, and MobileBanking.
• Auto-debit facility for EMIs, utility bills, and other investments.

HDFC Bank Savings Account Eligibility

• Individuals who have Indian citizenship.
• Minors above the age of 10 years.
• Foreign citizens staying in India for over 6 months.

Documents Required to Open HDFC Savings Account

• Government IDs such as Aadhar Card, PAN Card, Voter’s ID, etc.
• Address Proof.
• Identity Proof (driver’s license, passport, etc.)
• Recent passport-sized photographs.
• Form 16 (if the applicant does not have a PAN Card)

Foreign citizens who want to open a savings account in the HDFC Bank in India are required to submit the following documents:

• Foreign Regional Registration Office (FRRO) certificate.
• Valid Passport.
• Valid Visa.
• Residence Permit.

Steps to Open HDFC Savings Account

You can open your HDFC Bank Savings Account both online and offline.

Here are the steps to follow for the online application:

1. 1. Visit the official website of HDFC Bank and click on the ‘Savings Account’ section.

2.Enter your Aadhar-linked mobile number and Date of Birth to generate OTP.

3.Complete Video KYC, where a bank representative will verify your details via a video call.

4.Fill out your contact details and your profile.

5.Fill out all your information.

6.Click on submit.

7.Once your account is approved, set up your NetBanking credentials (Account number and Customer ID) to start managing your account online.

For offline applications, here are the steps to follow:

1. Visit the nearest HDFC Bank branch.
2. Request an account opening form from the bank staff and fill it out accordingly.
3. Submit the completed form with the necessary documents.
4. The bank will verify your application and documents.
5. Upon approval, make the initial deposit as per the minimum balance requirement for your chosen account type.
6. A welcome kit with the necessary documents will be provided.

Ways to Check HDFC Bank Savings Account Balance

For HDFC Bank Savings Account Balance Check, you can rely on the following methods:

HDFC Savings Bank Statement

The HDFC Savings Account Bank Statement provides detailed information on your transactions, withdrawals, etc. It can be accessed in various ways such as:

HDFC Bank Savings Account Charges

The charges for the HDFC Bank Savings Account vary based on the account type and services. The table below shows the charges for the respective services:

HDFC Bank Savings Account Transaction Limit

Steps to Close HDFC Bank Account

Closing your HDFC Bank Savings Account can only be done via the bank branch visit. Here are the steps to follow:

• Visit the official HDFC Bank website.
• Download the ‘Account Closure Form.’
• Fill out the form with details as per the instructions.
• Visit the nearest HDFC bank branch.
• Submit the application form along with the required documents.

Finzy’s offices are located at:

• Registered Office: L&T Crescent Bay, T5 2002, Jerbai Wadia Road, Parel, Mumbai 400 012
• Corporate Office: 1st Floor, BMTC Complex, Kuvempu Nagar, Stage 2, BTM Layout, Bengaluru, Karnataka 560068