HDFC Bank Classic Salary Account
For salaried employees across the country, HDFC Bank has rolled out the Classic Salary Account which comes with top-notch banking facilities. Through this account, account holders can make use of the free mobile banking and net banking facilities to carry out regular banking procedures.
On opening the account, customers are granted an International debit card and can avail of a number of discounts for lifestyle products, entertainment, dining, etc., that comes with the debit card.
Features and Benefits of HDFC Bank Classic Salary Account:
- The HDFC Bank Classic Salary Account is a zero-balance account, offering customers the benefit of not having to maintain a minimum balance.
- Customers are granted a free Rewards debit card that comes with enhanced withdrawal and spending limit per day.
- They can also save up to 5% on their daily shopping requirements when shopping at partner merchants across the country.
- With the debit card that is granted on opening the account, customers can enjoy a number of benefits:
- Customers are granted a Personal Accidental Death cover with a sum insured of Rs.5 lakh.
- If customers have purchased their air ticket using the HDFC Bank debit card, they are liable to the flat Rs.25 lakh International Air Coverage.
- The debit card comes with an enhanced shopping limit of Rs.2.75 lakh per day.
- The daily cash withdrawal limit is Rs.50,000.
- Customers are eligible for a zero-liability cover upto Rs.1 lakh.
- Account holders can make withdrawals at all other bank ATMs across the country.
- Customers can bank anywhere in the world using the HDFC Bank Classic Salary Account.
- Account holders can make fund transfers through the NEFT and RTGS facilities.
- As soon as the customer makes a transaction or withdrawal, he/she will receive an InstaAlert of the transaction details and the balance in the account.
- Using the BillPay facility, customers can pay all their utility bills through their salary account.
- Customers can also avail the benefit of free Demand Drafts at any HDFC Bank branch.
- This HDFC Bank Classic Salary Account comes with the convenience of free phone banking (SMS charges applicable), mobile banking and net banking facilities.
Eligibility for Debit Card Insurance Coverage on HDFC Bank Classic Salary Account:
To be eligible for the Personal Accidental Death Cover and the Air Accidental Death Cover that comes with the debit card on opening the account, customers need to meet certain criteria.
Eligibility for Air Accidental Death Cover:
- The demised account holder should have held the HDFC Bank Classic Salary Account. He/she should have received the salary in the same month of death or the month prior to the occurrence of untimely death.
- To be eligible for this insurance coverage, death should have occurred as a result of bodily injury.
- The death of the account holder should have occurred within a year from the event (accident). The HDFC Bank Classic Salary account holder should have been less than 70 years of age at the time of death to be eligible for this account.
- He/she should have made at least one transaction or purchase 6 months prior to death.
- Should have purchased the air ticket using the HDFC Bank debit card.
- This insurance coverage is only limited to the primary account holder and not his/her nominee[s] or dependents.
Eligibility for Personal Accidental Death Cover
- As per the insurance guidelines, to be eligible for the coverage, death should have occurred within a year (12 months) from the event.
- The customer should have been less than 70 years of age on the day of untimely death.
- Should have held the HDFC Bank Classic Salary Account and should have received the salary in the month of death or the month prior to the occurrence of death.
- He/she should have made at least one transaction or purchase using the HDFC Bank debit card 6 months prior to the occurrence of death.
- Death should have occurred as a result of bodily injury.
- This insurance cover is limited to the primary account holder and not his/her dependents or nominee[s].
- The primary account holder should have purchased the air ticket using the HDFC Bank debit card to be eligible to claim the Personal Accidental Death coverage.
Documents required for the HDFC Bank Classic Salary Account:
The candidate should submit the following Government approved KYC documents along with the account opening form.
- 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 Classic Salary Account Fees and Charges:
Particulars | Charges |
Visa Money Transfer | Rs.5 (plus GST as applicable) per transaction |
Unarranged overdraft | Rs.100 per transaction + 18% Interest p.a |
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 |
|
Standing Instructions | Setting up charges - Free Rs.25 per transaction as well as remittance charge |
Signature Attestation | Free |
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 | Nil |
PAP Cheque book | Free first 25 cheque leaves per half year (Financial year) Additional chequebook of 25 leaves will be charged at Rs.75 per chequebook |
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) | 4 free cash transactions per month 5th transaction onwards - Rs.150 per transaction (plus GST as applicable) will be charged |
Netbanking | Free |
NEFT Charges- outward |
|
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) | Zero |
Managers Cheques/Demand Drafts at HDFC Bank branches | Free upto Rs.25,000 Above Rs.25,000, Rs.5 per Rs.1000 - subject to a min. of Rs.75 and max. Rs. 10,000) Via Netbanking: Upto Rs.10 Lakh - Rs.50+ Bank charges Third party DD upto Rs. 1,00,0000 - Rs.50+ Bank charges |
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 |
|
IMPS (Immediate Payment Service) - Inward | Free |
Hold Statement | Rs.400 per year |
ECS/ACH (Debit) Return Charges | Rs.350 in a quarter Rs.750 would be charged from the second instance onwards in the same quarter. |
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 - Replacement Charges/Re issuance charges | At HDFC Bank ATMs - First 5 transactions free across all Cities At non-HDFC Bank branches - In Top 6 cities: First 3 transactions free Non Top 6 cities : First 5 transactions free Transactions over and above free limit will be charges as under: Cash withdrawal - Rs.20 plus GST as applicable per transaction Non-Financial Transaction - Rs.8.5 plus taxes as applicable per transaction |
Debit Card - Renewal Fee - Women's Card | Free |
Debit Card - Renewal Fee - Titanium Royale | Rs.400 per year (plus GST as applicable) |
Debit Card - Renewal Fee - Titanium | Rs.250 per year (plus GST as applicable) |
Debit Card - Renewal Fee - Times Points | Rs.650 per year (plus GST applicable) |
Debit Card - Renewal Fee - Regular/Rewards | Free |
Debit Card - Renewal Fee - Gold/Platinum | Rs.750 per year (Plus GST as applicable) |
Debit Card - Annual Fee - Women's Card | Free |
Debit Card - Annual Fee - Titanium Royale | Rs.400 per year (plus GST as applicable) |
Debit Card - Annual Fee - Titanium | Rs.250 per year (plus GST as applicable) |
Debit Card - Annual Fee - Times Points | Rs.650 per year (plus GST applicable) |
Debit Card - Annual Fee - Regular/ Rewards | Free |
Debit Card - Annual Fee - Gold / 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 |
Cheques deposited returned unpaid | Rs.100 per instance |
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 |
Charges for non-maintenance of account | None |
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) |
ATM Card | Free |
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 | Rs.150 per year (plus GST as applicable) |
Add-on Debit Card - Titanium Royale | Rs.400 per year (plus GST as applicable) |
Add-on Debit Card - Titanium | Rs.250 per year (plus GST as applicable) |
Add-on Debit Card - Times Points | Rs.650 per year (plus GST as applicable) |
Add-on Debit Card - Rewards | Rs.500 per year (plus GST as applicable) |
Add-on Debit Card - Regular | Rs.150 per year (plus GST as applicable) |
Add-on Debit Card - Gold Card/Platinum | Rs.750 per year (plus GST as applicable) |
FAQs on HDFC Bank Classic Salary Account
- Is it possible to make this salary account a joint account?
Yes, it is possible. For that to happen, the secondary account holder (who you will be sharing the account with) will have to submit his/her KYC documents for identification and address proof.
- Is it possible to remove a nominee? I just got divorced and my ex was my nominee.
Yes, you can fill in an application and submit it at the nearest HDFC Bank branch or you can do it via your netbanking account.
- Do I have to open a new account if I change 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.
- Will my company ID be enough as proof of identification?
No, it will not. You will need to submit Government approved identification and address proof when applying to open the account.
- I already have a zero-balance account with HDFC Bank, can I open this zero-balance salary account as well?
No, you can have only one zero-balance account with one bank at a time. Hence, will not be possible.
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