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HDFC Senior Citizens Account

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

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

BankHDFC Bank
CategoryHDFC Senior Citizens Account
Minimum Balance RequirementRs. 5,000 (urban/semi-urban)
Interest Rate4% per annum
Debit CardEasyShop International Debit Card
Eligibility Criteria
  • Residents of India who fall within the age group of 60 years and above, can open a Senior Citizen’s Account.
  • For a joint account, a senior citizen will have to be the primary/first applicant.

Services Provided with HDFC Senior Citizens Account

Net BankingYes
Standing InstructionsYes
Mobile BankingYes

Features of HDFC Senior Citizens Account

Withdrawal LimitRs.25,000/- (daily)
Shopping LimitRs.1.25 Lakhs (daily)
Payable-at-Par (PAP) chequebooksIssued free of charge
AlertsSMS and Email transaction alert available.
Online Trading AccountSpecial concessions offered
Demat Account
  • Annual maintenance charge (AMC) is waived the first year
  • Avail a discount of Rs.250/- on AMC from the second year onwards
  • Enjoy free dematerialisation of physical shares for lifetime. This offer is applicable only on the first Demat account that has been linked to the customer’s Senior Citizen’s account.

Benefits of HDFC Senior Citizens Account

Accidental hospitalization coverRs. 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 AccountsPreferential account opening charge of only Rs.599
Travellers’ chequesFree
Fixed Deposit Avail preferential rates on FDs

Fees and Charges Applicable on HDFC Senior Citizens Account

Minimum balanceRs. 5,000
Charges on non-maintenance of minimum balanceAMB 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 chequebookRs 75/-
Issue of duplicate/adhoc statementsBranch - 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 chargesDue 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 unpaidRs 80/- per instance
Hold StatementRs.400 charged annually
Manager’s cheque/demand drafts - CancellationRs.40
TDS CertificateFree
ATM card - ReplacementRs.200
ATM / Debit Card Card - Transaction ChargeUnlimited free transactions on HDFC as well as non HDFC Bank ATMs
TIN regenerationRs 50/-

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

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