HDFC SavingsMax Account offers premium services with greater savings and incomparable features and facilities.
Highlights of HDFC SavingsMax Account
|Category||HDFC SavingsMax Account|
|Minimum Balance Requirement||Rs. 25,000/-|
|Interest Rate||4% per annum|
|Debit Card Type||Titanium Royale Debit Card|
Services Provided with HDFC SavingsMax Account
|Auto Sweep Facility||Yes|
Features of HDFC SavingsMax Account
|MoneyMaximiser||Higher savings through automatic sweep out facility.|
|Sweep-in Facility||Fixed Deposit will be automatically dissolved to meet shortage of funds in Savings Account|
|Online Trading Account||50% discount on account opening charges|
|Loan Discounts||Applicable on Auto, Personal and Business Loans.|
|Cash withdrawal limit||Rs. 75,000 (Daily)|
|Shopping limit||Rs. 1.75 lakh (Daily)|
Benefits of HDFC SavingsMax Account
|Accidental hospitalization cover||Rs. 1 lakh per annum|
|Accidental Death Insurance Cover||Rs. 10 lacs per annum|
|Online Trading Accounts||Preferential account opening charge of only Rs.499|
|Auto Loan Discount||0.25% discount on interest rate|
|Forex Plus Card||50% discount on issuance|
Fees and Charges Applicable on HDFC SavingsMax Account
|Minimum balance||Rs. 25,000|
|Charges on non-maintenance of minimum balance||AMB Slab of Rs. 20,000 to Rs. 25,000 , Charges levied for non-maintenance = Rs. 300/-|
AMB Slab from less than Rs.5,000 up to Rs. 20,000, charge for non-maintenance is 6% of the maximum amount that is under the limit or Rs. 600, whichever is lower.
|Additional chequebook||Rs 75/-|
|Hold statement||Rs. 400 annually|
|Cheque return charges||Due to insufficient funds - charge on first cheque returned is - Rs 350/- and from then on charge will be Rs 750/- per instance.|
Charge levied on funds transfer cheque return - Rs. 350/-
Charge levied on cheque return due to technical reasons such as date not mentioned, post dated, sign mismatch, etc. - Rs. 50/-.
|Balance enquiry at a Branch||Free|
|ATM card - Replacement||Rs.200|
|ATM / Debit Card Card - Transaction Charge||Unlimited free transactions on HDFC as well as non HDFC Bank ATMs|
|TIN regeneration||Rs 50/-|
Available. An account holder can add/modify or delete a nominee.
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GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.