Eligibility for HDFC Bank Savings Account
Catering to customers across the country, HDFC Bank has rolled out a number of savings accounts that are specifically designed for customers with different needs and financial backgrounds.
Through these savings accounts, customers can carry out a number of banking procedures with ease - from fund transfers, requesting for a checkbook, check their bank statements for free, etc.
Steps to Apply Online for HDFC Savings Account:
For customers that wish to open a savings account online, they will be required to follow the steps mentioned below:
- Visit the HDFC Bank homepage.
- On the bank page, click on "apply now".
- Choose "savings accounts" from the drop down list.
- Enter the city you reside in.
- Now, choose the savings account of your choice. First check the minimum balance requirement, rate of interest and eligibility criteria before selecting a particular account to open.
- Next, you will have to upload the following documents for verification:
- Latest passport size photographs.
- Self-attested copy of identity proof - Passport, Voter's ID, Driving license, etc.
- Self-attested copy of address proof - Passport, Voter's ID, Driving license, etc.
- Copy of Aadhaar card.
- One should ensure that the identity and address proof details mentioned in the application form match with the above mentioned documents.
- Once the documents have been verified, the bank will get in touch with you.
- On opening the account, the customer will receive a debit card, cheque book and passbook.
Eligibility Criteria for Savings Max Account:
Listed below are those eligible for the Savings Max Account:
- Resident of India.
- Hindu undivided family.
- For foreign nationals residing in India who and wish to open an account temporarily, they can do so by submitting Form QA22 - proving proof of residence and source of income.
Fees and Charges for Savings Max Account:
Particulars | Charges |
Visa Money Transfer | Rs.5 (plus GST as applicable) per transaction |
Unarranged overdraft | Not applicable |
TIN Regeneration (requests received at the branch for physical dispatch) | Rs.50 per instance |
Third party Cash transaction (Cumulative of Deposit and Withdrawal) | Up to a limit of Rs.25,000 per day - Rs.150 (plus GST as applicable) Above Rs.25,000 not allowed |
TDS Certificate | Free |
Stop Payment Charges | Particular cheque Rs.100 Range of cheques Rs.200 Free through NetBanking |
Standing Instructions | Setting up charges - Free Rs.25 per transaction as well as remittance charge |
RTGS - Outward | Above Rs.2 lakhs to Rs.5 Lakhs - Rs.25 (plus GST as applicable) per transaction Above Rs.5 Lakhs - Rs.50 (plus GST as applicable) per transaction |
RTGS - Inward | Free |
PIN regeneration charge | Rs.50 (plus GST as applicable) |
Photo Attestation | Rs.100 per instance NIL (For Senior Citizens) |
Phone banking | Free |
Passbook issuance | Free |
PAP Cheque book usage charges | No charges |
Old records/copy of paid cheques | Up to 1 year - Rs.50 per record Above 1 year - Rs.100 per record |
Number of Cash transactions(Both of Deposit and Withdrawal) | 5 free cash transactions per month 6th transaction onwards - Rs.150 per transaction (plus GST as applicable) will be charged Cash deposit - Free |
Netbanking | Free |
NEFT Charges- outward | Up to Rs.10,000 - Rs.2.5 (Plus GST as applicable) per transaction Amounts from Rs.10,001 to Rs.1 lakh - Rs.5 (Plus GST as applicable) per transaction Amounts above Rs.1 lakh up to Rs.2 lakh - Rs.15 (Plus GST as applicable) per transaction Amounts above Rs.2 lakh - Rs.25 (Plus GST as applicable) per transaction |
NEFT Charges for Indo Nepal transactions | Customers having NSBL*Account - Rs.20 Customers having non-NSBL* Account: Upto Rs.5,000 - Rs.70 Above Rs.5,000 - Rs.95 * Nepal State Bank Ltd |
NEFT Charges - Inward | Free |
Mobilebanking | Free |
Minimum Balance (Average Monthly Balance) | Rs.25,000 |
Managers Cheques/Demand Drafts at HDFC Bank branches | Free upto Rs.1 lakh Above Rs.1 lakh, Rs.5 per Rs.1000 - subject to a min. of Rs.75 and max. Rs. 10,000) |
Local Cheque deposited for outstation accounts | Free |
IPIN Regeneration (requests received at the branch for physical dispatch) | Rs.100 per instance |
Interest Certificate | Rs.50 |
InstaPay | Rs.10 per transaction (plus GST as applicable) |
IMPS (Immediate Payment Service) - Outward | Amount up to Rs.1 lakh - Rs.5 (Plus GST as applicable) per transaction Amount above Rs. 1 lakh up to Rs.2 lakhs - Rs.15 (Plus GST as applicable) per transaction |
IMPS (Immediate Payment Service) - Inward | Free |
Duplicate passbook issuance | Rs.100 |
Demand Drafts- Issued - On Non HDFC Bank Locations | Upto Rs.500 - Rs.10 Above Rs.500 to Rs.1000 - Rs.15 Above Rs.1000 to Rs.5000 - Rs.25 Above Rs. 5000 to Rs.10,000 - Rs.30 Above Rs.10,000 - Rs.5 per Rs.1,000 |
Decline charge for insufficient balance | Rs. 25 per transaction (Plus GST as applicable) |
Debit Card transaction charge - at Non HDFC Bank International ATMs | Rs.25 per balance enquiry and Rs.125 per cash withdrawal (plus taxes as applicable) |
Debit Card - Renewal Fee - EasyShop International card | Rs.150 per year (plus GST as applicable) |
Debit Card - Renewal Fee - Rupay premium | Rs.150 per year (plus GST as applicable) |
Debit Card - Renewal Fee - EasyShop Women's Advantage | Rs.150 per year (plus GST as applicable) |
Debit Card - Renewal Fee - EasyShop Titanium | Rs.250 per year (plus GST applicable) |
Debit Card - Renewal Fee - Easy Shop Titanium Royale | Rs.400 per year (plus GST as applicable) |
Debit Card - Renewal Fee - Rewards Card | Rs.500 per year (plus GST as applicable) |
Debit Card - Renewal Fee - EasyShop Platinum | Rs.750 per year (Plus GST as applicable) |
Debit Card - Annual Fee - Easyshop International Card | Rs.150 per year (plus GST as applicable) |
Debit Card - Annual Fee - RuPay Premium debit card | Rs.150 per year (plus GST as applicable) |
Debit Card - Annual Fee - EasyShop Titanium Royale | Rs.750 per year (plus GST as applicable) |
Debit Card - Annual Fee - EasyShop Titanium | Rs.250 per year (plus GST as applicable) |
Debit Card - Annual Fee - EasyShop Women's Advantage | Rs.150 per year (plus GST applicable) |
Debit Card - Annual Fee - Rewards Card | Rs.500 per year (plus GST as applicable) |
Debit Card - Annual Fee - EasyShop Platinum | Rs.750 per year (plus GST as applicable) |
Collection of outstation cheques at HDFC Bank locations | Up to Rs .5,000 - Rs. 25, Rs.20 for rural branches Rs.5,001 to Rs.10,000 - Rs.50, Rs.40 for rural branches Rs.10,001 to Rs.1,00,000 - Rs.100 Rs.1,00,001 and above - Rs.150 |
Collection of outstation cheques - other locations | Up to Rs.5,000 - Rs.25, Rs.20 for rural branches Rs.5,001 to Rs.10,000 - Rs.50, Rs.40 for rural branches Rs.10,001 to Rs.1,00,000 - Rs.100 Rs.1,00,001 and above - Rs.150 |
Cheque/Demand Drafts - Cancellation/Revalidation | Rs.100 |
Cheque return charges drawn on us - Local | Due to Insufficient funds - First cheque return in a quarter - Rs 350 From second cheque return in the same quarter - Rs.750 per return Charges due to funds transfer cheque return - Rs.350 Due to Technical reasons - Rs.50 per instance |
Cheque Collection - Local Clearing Zone | Free |
Branch transactions (Includes only Cheque deposit/Cheque issuance/Funds Transfer Debit/NEFT/RTGS) | No charges if the average monthly balance (AMB) is equal or above Rs.50,000. -In case the AMB is below Rs.50,000/- 15 free transactions would be permitted per month. From then on, Rs.75 will be charged for every transaction. |
BillPay | Free |
Balance Enquiry - at Branch | Free |
Balance Certificate | Current year - Free Previous year - Rs.50 |
ATM Card - Replacement charges | Rs.200 (plus GST as applicable) |
Any Deliverable returned by courier due to negative reasons | Rs.50 per instance |
Address Confirmation | Rs 50 per instance |
Add-on Debit Card - Women's Card | Free |
Add-on Debit Card - Titanium Royale | Rs.250 per year (plus GST as applicable) |
Add-on Debit Card - Rewards | Rs.500 per year (plus GST as applicable) |
Add-on Debit Card - Regular | Free |
Eligibility for Regular Savings Account:
To be eligible for the Regular Savings Account offered by HDFC Bank, customers need to meet certain eligibility criteria:
- Any Indian resident is eligible to open either an individual or joint account.
- Hindu undivided families are eligible as well.
- For a foreign national to be eligible for this account, he/she should have resided in the country for a minimum of 180 days. The foreign national will have to submit his/her valid visa, passport, FRRO certificate, and Indian residence permit.
Eligibility for Women's Savings Account:
Customers need to meet certain criteria to be eligible for the HDFC Bank's Women Savings Account:
- An Indian resident can open an individual or a joint account.
- In cases of a joint account, the primary account holder should be a women.
- Foreign nationals can open this account too, provided that have resided in the country for a minimum of 180 days. He/she will have to submit a copy of their valid visa, passport, FRRO certificate, and Indian residence permit.
Eligibility for Kid's Advantage Account:
Parents have to open the Kid's Advantage Account on behalf of their children. The parents or guardians of the child should either be:
- Any Indian resident is eligible to open either an individual or joint account.
- A foreign national that has resided in the country for a minimum of 180 days. The foreign national has to submit the following documents:
- Valid visa
- FRRO certificate
- Indian residence permit
- Copy of valid passport
Eligibility for Senior Citizens Account:
- To be eligible for senior citizens account, the applicant has to be over the age of 60 years.
- Should be a resident of India.
- In case of a joint account, the primary account holder should be over 60 years old.
Eligibility for Family Savings Group Account:
To be eligible for family savings group account, applicants need to meet certain eligibility criteria.
- The customer has to already have an existing individual account to be eligible for this account.
- A total of 2-4 accounts can be grouped together for the Family Savings Group Account.
- Even NRI accounts can be grouped.
- The primary account holder at any point cannot be a minor.
Eligibility for Basic Savings Bank Deposit Account:
To be eligible for this account, applicants need to meet certain eligibility criteria:
- Should be a resident of India.
- Hindu undivided family.
- Joint accounts can be opened provided the primary account holder is a resident of India.
Eligibility for Institutional Savings Account:
Institutional savings account can be opened either by:
- Primary Co-operative Credit Society financed by a bank
- Khadi and Village industry boards
- Agriculture produce market committees
- Societies registered under the Societies Registration Act
- Companies governed by the Companies Act
- Any government registered institution
- Self-help groups
- Farmer's clubs
- Government departments, bodies or agencies
Eligibility for BSBDA Small Account:
All residents of India that do not have any identity or address proof - any Government approved certificate - are eligible to open this type of savings account.
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