HDFC Bank Basic Salary Savings Bank Deposit Account

For employees across the country, HDFC Bank has rolled out the Basic Salary Savings Bank Deposit Account, enabling account holders to carry out banking procedures that comes with both a savings account and a salary account. The HDFC Bank Basic Salary Savings Bank Deposit Account is a zero-balance savings account and customers are granted a free RuPay debit card on opening the account.

Features and Benefits of the HDFC Bank Basic Salary Savings Bank Deposit Account

• As already mentioned, this basic savings salary account is a zero-balance account, meaning that the account holder is not required to maintain a minimum balance requirement.
• On opening the account, the primary account holder is granted a free RuPay debit card.
• Customers are also granted a free cheque book when opening the account.
• With the RuPay debit card, HDFC Bank customers are granted 5 free withdrawals and bank enquiries in a month at other bank ATMs (other than HDFC Bank).
• Customers are granted 4 free cash withdrawals in a month at any HDFC Bank branch. After the first four free cash withdrawals, customers are charged Rs.100 per withdrawal.
• Through the HDFC Bank net banking facility, customers can facilitate fund transfers through the NEFT or RTGS facilities, across the country.
• Free phone banking and mobile banking facilities.
• Through the InstaAlert facility, customers are granted free email alerts as soon as one makes a transaction or a withdrawal.
• With the help of the BillPay facility, HDFC Bank customers can pay their utility bills.
• Customers can carry out banking procedures at any HDFC Bank branch or ATM across the country.
• On opening the account, customers are also granted a free passbook.

Eligibility for HDFC Bank Basic Salary Savings Bank Deposit Account

To be eligible for this basic salary savings account, customers need to meet certain eligibility criteria.

• The organisation or company the employee is working for should have a salary account relationship with HDFC Bank.
• Also, to be eligible for this account, customers should not have any other bank account with HDFC Bank. This includes zero-balance accounts as well.

Documents Required for HDFC Bank Basic Salary Savings Bank Deposit Account

When submitting this basic salary savings account opening form, customers are required to submit the below listed documents to be eligible for the account.

• Identity proof - Passport, PAN card, Voter’s ID, Driver’s license.

Address Proof - Passport, Rent Agreement, any Government approved document containing the address, Driver’s license, etc.

HDFC Bank Basic Salary Savings Bank Deposit Account Fees and Charges

HDFC Bank Basic Salary Savings Bank Deposit Account FAQs

1. Are there ways I can stop a cheque payment? Can you tell me how to do it?

You can either stop a cheque payment either at your local HDFC Bank branch or via your net banking account. To stop a cheque payment through your HDFC net banking account, follow the steps mentioned below.

• Login to your NetBanking account
• Next, click on the "Request" menu on the left hand side of the web page
• Now, click on the "Stop Payment of Cheque" option available
• Select the Account Number - incase you have more than one account
• Enter first/Start cheque number to the last/End cheque number, and state a reason for stopping the payment
• Click on "Continue"
• Click on "Confirm" tab to confirm the stop payment request after verifying the request
2. I need to change my point of contact as I am shifting. How do I do it and how long will it take?

You can do this through your net banking account or at your local HDFC Bank branch. Once you have updated your point of contact, it will take 7 days.

3. Will I have to close this account if I shift employers?

No, you can continue with the same account provided you submit a letter from your new employer stating your name, designation in the company, account number and a statement (in the letter) proving that you are indeed an employee of the company. Once this is submitted, you will receive your monthly payroll in the same account.

4. Is it possible to open this account even if I am not receiving a monthly payroll?

No, that would not be possible. You have to be a salaried individual to be eligible to open this account.

5. Which documents do I have to submit when applying to open this basic salary savings account? Will my employee ID be enough?

You will have to submit your Government approved KYC documents as identification and address proof. Your employee ID will not be accepted as proof of identification or address.