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
| Bank | HDFC Bank |
| 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 |
| Eligibility Criteria |
|
Services Provided with HDFC Senior Citizens Account
| BillPay | Yes |
| InstaAlert | Yes |
| Net Banking | Yes |
| Standing Instructions | Yes |
| Mobile Banking | Yes |
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 |
| Passbook | Free |
| Alerts | SMS and Email transaction alert available. |
| Online Trading Account | Special concessions offered |
| Demat Account |
|
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 |
| Travellers’ cheques | Free |
| 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 |
| 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/- |
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
