Who can be part of the Family Savings Group?

Immediate family members like parents, spouse, children, grandparents, and siblings can join. You need 2–4 individual HDFC Savings Accounts to form the group.

Is the minimum balance required for each member?

No. The group must maintain a combined AMB of ₹40,000 across all linked accounts.

Can NRE/NRO accounts be added?

Yes. NR accounts can be included, but Current, HUF, and Savings Max accounts cannot.

What perks do members get?

Free bill payments, free PAP chequebook, up to 5 free other-bank ATM withdrawals, locker discount, and preferential trading account charges.

Who becomes the primary account holder?

The member whose Customer ID is used to create the group becomes the primary holder. Minors cannot be primary holders.

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HDFC Family Savings Group Account

Premium banking solutions for the entire family consisting of spouse, father, mother, son, daughter, brother, sister, grandparent or grandchild, offered under the convenience of a group account.

Updated On - 03 Jan 2026

Highlights of HDFC Family Savings Group Account:

Bank	HDFC Bank
Category	HDFC Family Savings Group Account
Minimum Balance Requirement	The total Average Monthly Balance (AMB) in all accounts should be Rs. 40,000
Interest Rate	4% per annum
Debit Card	EasyShop International Debit Card
Eligibility Criteria	Members of the family having individual HDFC Bank account. 2 individual savings accounts or up to 4 individual accounts, can be grouped together under the single Family Savings Group (FSG). Non-Resident (NR) accounts can also be consolidated in this Group. Current accounts, HUF accounts and Savings Max accounts cannot be grouped under the FSG account. The Primary account holder's Customer ID will be the Group ID. A minor cannot be the Primary account holder of the Group.

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Features of HDFC Family Savings Group Account:

Cash withdrawal	Up to 5 free cash withdrawals permitted at ATMs of other banks.
Bill payment	Free of charge
Sweep-in
DD/MCs	Free DD/MCs of up to Rs.50,000 per account can be taken in all HDFC branches every month.
PAP chequebook	Issued free of charge
E-mail statements / passbook facility	Offered free of charge to all individual account holders.

Special Benefits of HDFC Family Savings Group Account:

Locker	50% off on renting lockers, calculated on a pro-rata basis and applicable for the first year of allotment.
Online Trading Account	Preferential account opening charge of only Rs.799. Free add-on Trading Account for Spouse. Trade volume of up to 1 lakh offered free of charge for primary as well as add-on account holder, which is valid for 3 months from the date of opening the account.

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Fees and Charges On HDFC Family Savings Group Account:

Average Monthly Balance (AMB)	Rs.40,000/-
Non-maintenance Charges	Up to Rs.600/-
Cheque Book	Free. Rs.75/- charged for additional cheque book.
Issue of ad hoc statements	At Bank Branches - Rs 100/- Through ( Non IVR) Phone Banking - Rs.75/- Net Banking, Phone Banking, Mobile Banking - IVR & ATM - Rs 50/-
Cheques deposited returned unpaid	Rs.100/-
Balance Certificate	Previous year - Rs. 50, Current year - Free of charge
Photo Attestation	Rs.100/-
Records/copy of paid cheques
Replacement of ATM/Debit card	Rs.200
PIN regeneration charge	Rs.50

GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.

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FAQs on HDFC Family Savings Group Account

Who can be part of the Family Savings Group?
Immediate family members like parents, spouse, children, grandparents, and siblings can join. You need 2–4 individual HDFC Savings Accounts to form the group.
Is the minimum balance required for each member?
No. The group must maintain a combined AMB of ₹40,000 across all linked accounts.
Can NRE/NRO accounts be added?
Yes. NR accounts can be included, but Current, HUF, and Savings Max accounts cannot.
What perks do members get?
Free bill payments, free PAP chequebook, up to 5 free other-bank ATM withdrawals, locker discount, and preferential trading account charges.
Who becomes the primary account holder?
The member whose Customer ID is used to create the group becomes the primary holder. Minors cannot be primary holders.

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