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HDFC Family Savings Group Account

Savings Account
  • Instant money transfer
  • 24x7 ATM withdrawals
  • Attractive rate of interest

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.

Highlights of HDFC Family Savings Group Account

BankHDFC Bank
CategoryHDFC Family Savings Group Account
Minimum Balance RequirementThe total Average Monthly Balance (AMB) in all accounts should be Rs. 40,000
Interest Rate4% per annum
Debit CardEasyShop International Debit Card
Eligibility Criteria
  • Members of the family having individual HDFC Bank account.
  • 2 individual 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.

Features of HDFC Family Savings Group Account

Cash withdrawalUp to 5 free cash withdrawals permitted at ATMs of other banks.
Bill paymentFree of charge
Sweep-inSweep-in from one savings account to another savings account is enabled.
Sweep-in from NRO account is not permitted.
DD/MCsFree DD/MCs of up to Rs.50,000 per account can be taken in all HDFC branches every month.
PAP chequebookIssued free of charge
E-mail statements / passbook facilityOffered free of charge to all individual account holders.

Special Benefits of HDFC Family Savings Group Account

Locker50% 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.

Fees and Charges On HDFC Family Savings Group Account

Average Monthly Balance (AMB)Rs.40,000/-
Non-maintenance Charges Up to Rs.600/-
Cheque BookFree. 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 unpaidRs.100/-
Balance CertificatePrevious year - Rs. 50, Current year - Free of charge
Photo AttestationRs.100/-
Records/copy of paid chequesFor a maximum period of 1 year - Rs. 50 is charged per record
For records of paid cheques for a period above 1 year - Rs. 100 per record
Replacement of ATM/Debit cardRs.200
PIN regeneration chargeRs.50

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

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