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  • 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 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 HDFC Bank Classic Salary Account Debit Card Insurance Coverage

    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 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
    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 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) 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 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
    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)

    HDFC Bank Classic Salary Account FAQs

    1. Is it possible to make this salary account a joint account?
    2. 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.

    3. Is it possible to remove a nominee? I just got divorced and my ex was my nominee.
    4. 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.

    5. Do I have to open a new account if I change employers?
    6. 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.

    7. Will my company ID be enough as proof of identification?
    8. No, it will not. You will need to submit Government approved identification and address proof when applying to open the account.

    9. I already have a zero-balance account with HDFC Bank, can I open this zero-balance salary account as well?
    10. No, you can have only one zero-balance account with one bank at a time. Hence, will not be possible.

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