HDFC Senior Citizens Account offers exclusive services and banking facilities to senior citizens in India, and offer them various privileges and enhanced savings.
Highlights of HDFC Senior Citizens Account
|Category||HDFC Senior Citizens Account|
|Minimum Balance Requirement||Rs. 5,000 (urban/semi-urban)|
|Interest Rate||4% per annum|
|Debit Card||EasyShop International Debit Card|
Services Provided with HDFC Senior Citizens Account
Features of HDFC Senior Citizens Account
|Withdrawal Limit||Rs.25,000/- (daily)|
|Shopping Limit||Rs.1.25 Lakhs (daily)|
|Payable-at-Par (PAP) chequebooks||Issued free of charge|
|Alerts||SMS and Email transaction alert available.|
|Online Trading Account||Special concessions offered|
Benefits of HDFC Senior Citizens Account
|Accidental hospitalization cover||Rs. 50,000 per annum|
|Cash Allowance||Claim a cash allowance of Rs.500 per day for upto 15 days once in a year, for each day of hospitalisation due to an accident.|
|Online Trading Accounts||Preferential account opening charge of only Rs.599|
|Fixed Deposit||Avail preferential rates on FDs|
Fees and Charges Applicable on HDFC Senior Citizens Account
|Minimum balance||Rs. 5,000|
|Charges on non-maintenance of minimum balance||AMB Slab of between 2,500 to Rs. 5,000 , Charges levied for non-maintenance = Rs. 150/-
AMB Slab from less than Rs.2,500/-, charge for non-maintenance is Rs. 300.
|Additional chequebook||Rs 75/-|
|Issue of duplicate/adhoc statements||Branch - Rs 50/- for each statement
Non IVR Phone Banking - Rs.50/- for each statement
Net Banking , Mobile Banking, Phone Banking - IVR & ATM - Rs 30/- for each statement
|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/-.
|Cheques deposited and returned unpaid||Rs 80/- per instance|
|Hold Statement||Rs.400 charged annually|
|Manager’s cheque/demand drafts - Cancellation||Rs.40|
|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/-|
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.