HDFC SavingsMax Account offers premium services with greater savings and incomparable features and facilities.
Highlights of HDFC SavingsMax Account
| Bank | HDFC Bank |
| Category | HDFC SavingsMax Account |
| Minimum Balance Requirement | Rs. 25,000/- |
| Interest Rate | 4% per annum |
| Debit Card Type | Titanium Royale Debit Card |
| Eligibility Criteria |
|
Services Provided with HDFC SavingsMax Account
| Auto Sweep Facility | Yes |
| Sweep-in Facility | Yes |
| Net Banking | Yes |
| Standing Instructions | Yes |
| Mobile Banking | 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 |
| Interest Certificate | Rs.50 |
| Address confirmation | Rs.50 |
| TDS Certificate | 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.
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
