The HDFC Bank Savings Account helps you save and manage your money. With a savings account in HDFC bank, you can avail a variety of banking services such as online banking, mobile banking, online fund transfers, debits & credit cards, checkbook & other benefits. Customers can have savings accounts for specific purposes such as salary, regular savings, etc, for a smooth banking experience.
Read on to understand the various aspects of the HDFC Bank Savings Account such as its eligibility criteria, application process, documents required, and more!
The HDFC Bank Savings Account promotes effective financial management and financial security, with personalized features like free fund transfers, debit cards, and more.
Table of Contents:
The table below gives you a quick overview of the interest rates on the HDFC Bank Savings Account as per the balance amounts:
Balances below ₹50 lakh | 3.00% per annum |
Balances of ₹50 lakh and above | 3.50% per annum |
The HDFC Savings Account minimum balance requirements for HDFC Bank Savings Accounts vary based on the account type and branch location.
Account Type | Branch Location | Minimum Balance |
---|---|---|
Regular Savings Account | Urban | ₹ 10,000 |
Semi-Urban | ₹ 5000 | |
Rural | ₹ 2500 | |
Basic Savings Bank Deposit Account | All Locations | Not required |
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There are 5 types of HDFC Bank Savings Account to meet the different needs of individuals. These are:
For an enhanced banking experience, the HDFC Bank Savings Account comes with a range of features and benefits:
Features
Benefits
Below are the various benefits of the hDFC Bank Savings Account that you can avail of:
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Foreign citizens who want to open a savings account in the HDFC Bank in India are required to submit the following documents:
You can open your HDFC Bank Savings Account both online and offline.
Here are the steps to follow for the online application:
For offline applications, here are the steps to follow:
For HDFC Bank Savings Account Balance Check, you can rely on the following methods:
Method | Steps |
---|---|
NetBanking | Visit the HDFC Bank NetBanking portal to view your balance and manage your account online. |
Mobile Banking App | Use the HDFC Bank MobileBanking app to access your account balance and perform transactions on the go. |
SMS Banking | Send an SMS 'BAL' to 5676712 from your registered mobile number. Account balance details will be sent via SMS. |
Missed Call Service | Give a missed call to the toll-free number 1800-270-3333 from your registered mobile number to receive an SMS with your account balance. |
UPI Apps | Install either the HDFC MobileBanking App, HDFC PayZapp, or Google Pay and go to the 'Check Balance' option. Select your HDFC account and enter your UPI PIN to view the balance. |
ATM | Visit any HDFC Bank ATM, insert your debit card, enter your PIN, and select the 'Balance Enquiry' option to view your account balance. |
WhatsApp Banking | Save the number 7070022222 to your contacts, send ‘Hi’ from your registered mobile number on WhatsApp, and follow the prompts to view your account balance. |
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The HDFC Savings Account Bank Statement provides detailed information on your transactions, withdrawals, etc. It can be accessed in various ways such as:
Method | Steps |
---|---|
Email Statement | Register to receive the account statements in your inbox |
MobileBanking App | Visit the app to download the statement |
NetBanking | Visit the NetBanking portal and download/print the statement |
WhatsApp Banking | Text ‘Hi’ from your registered mobile number to 7070022222. Follow the instructions to request your account statement. |
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:
Service | Charges |
---|---|
Debit Card | ₹150 per year |
Chequebook | Free first 25 cheque leaves |
NetBanking | Free |
MobileBanking | Free |
Deposit Mode | Transaction Limit (per day & per transaction) | |
---|---|---|
Card-Based Deposit | ₹ 1 lakh per transaction | ₹ 2 lakh per day |
Card-Less Deposit | ₹ 25,000 per transaction | ₹ 2 lakh per day |
Closing your HDFC Bank Savings Account can only be done via the bank branch visit. Here are the steps to follow:
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Some of the key benefits of HDFC Bank Savings Account such as competitive interest rates, easy access via multiple banking channels, etc.
Visit the official website of HDFC Bank> Choose your savings account> Fill out the application form> Upload documents> Complete video KYC.
The minimum balance required for an HDFC Bank Savings Account is ₹ 10,000 for urban areas, ₹ 5000 for semi-urban areas, and ₹ 2,500 for rural areas.
Yes, you can convert your HDFC Bank savings account to a joint account.
For the HDFC Bank Savings Account, the interest rate is at 3% per annum for account balances below ₹50 lakh and 3.50% per annum for balances of ₹50 lakh and above.
You can check your HDFC Bank Savings Account balance by logging into either NetBanking or the MobileBanking App.
Yes, HDFC Bank imposes charges for non-maintenance of the required Average Monthly Balance (AMB) in savings accounts
Yes, HDFC Bank’s Basic Savings Bank Deposit Account (BSBDA) is a zero-balance savings account, which you can open without a minimum balance.
Some of the documents include identity proof such as a PAN card, Aadhaar card, Address proof, a filled application form, and recent passport-sized photographs.
Yes, you can access your HDFC Bank Savings Account via NetBanking, wherein you can manage your account, transfer funds, pay bills, and more.
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