HDFC Bank offers as many as 14 different types of savings accounts including a basic salary account to savings max, women’s special account, BSBDA, senior citizen special account & more. On this page, you can check and compare the latest HDFC Bank savings account interest rates applicable in 2024 while knowing how to open HDFC savings account online, the documents required to open a savings account and more.
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HDFC Savings Account Interest Rates 2024
| Bank Balance | Interest Rate (% p.a.) |
| Less than Rs. 50 Lakh | 3.00 |
| Of and Above Rs. 50 Lakh | 3.50 |
Note: The above-mentioned HDFC Bank savings account interest rates are updated as on 11th September 2024.
Also Read: Top Savings Account Interest Rates
Types of HDFC Bank Savings Accounts
HDFC Bank Savings Account Features & Benefits
1. HDFC Regular Savings Account
| Particulars | Details |
| Average Monthly Balance (AMB) |
|
| Eligibility Criteria | Indian residents (Minors above the age of 10 years can open a self-operated minor account) |
| ATM Charges & Monthly withdrawal limit |
|
| Cheque Book Facility |
|
| Debit Card | Offered with following variants:
|
| Other Features |
|
2. HDFC Bank Women’s Savings Account
| Particulars | Details |
| Average Monthly Balance (AMB) |
*Non-maintenance charges: Rs. 150 – Rs. 600 |
| Eligibility Criteria |
|
| Monthly withdrawal limit | Rs. 2 lakh per month per account (Rs. 5 per thousand charged thereafter) |
| Cheque Book Facility | Free payable-at-par multi-city cheque book half-yearly (25 leaves) |
| Debit Card | Cashback of Re. 1 on every Rs. 200 spent on applicable categories (Daily cash withdrawal limit: Rs. 25,000) |
| Other Features |
|
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3. HDFC Bank Savings Max Account
| Particulars | Details |
| Average Monthly Balance (AMB) | Rs. 25,000 or FD of
(Non-maintenance charges: Rs. 300 – Rs. 600) |
| Eligibility Criteria |
|
| ATM Charges & Monthly withdrawal limit |
|
| Cheque Book Facility | Free – 25 cheque leaves per financial year (up to Rs. 100/chequebook thereof) |
| Debit Card |
|
| Other Features |
|
4. HDFC Specialé Gold and Specialé Platinum
| Particulars | Details |
| Average Quarterly Balance (AQB) |
Non-maintenance charges/quarter: Rs. 299 – Rs. 999 |
| Eligibility Criteria | Indian residents |
| ATM Charges & Monthly withdrawal limit |
|
| Cheque Book Facility | Free chequebook |
| Debit Card |
|
| Other Features |
– NEFT/IMPS/RTGS/UPI – free online – NEFT/RTGS – charged at branch
|
For complete details: HDFC Speciale
5.HDFC Bank DigiSave Youth Account
| Particulars | Details |
| Average Monthly Balance (AMB) | Metro / Urban branches: AMB Rs. 5,000/ Semi-Urban / Rural Branches: AMB Rs. 2,500/-Non-maintenance charges: Rs. 150 – Rs. 300 |
| Eligibility Criteria | Resident Individuals of 18 years to 25 years old only (sole/jointly) |
| ATM Charges & monthly withdrawal limit |
|
| Debit Card |
(Min. annual fee: Rs. 150)
|
| Other Features |
|
6.HDFC Senior Citizen’s Account
| Particulars | Details |
| Average Monthly Balance (AMB) | Rs. 5,000 |
| Eligibility Criteria | All resident individuals (sole or joint) in the age group of 60 years and above |
| ATM Charges & Monthly withdrawal limit |
|
| Cheque Book Facility |
|
| Debit Card | Different variants available |
| Other Features |
|
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7. HDFC Kids Advantage Account
| Particulars | Details |
| Average Monthly Balance (AMB) | Rs. 5,000 |
| Eligibility Criteria |
|
| Cash withdrawal limit |
|
| Debit Card |
|
| Other Features |
|
8. HDFC Basic Savings Bank Deposit Account (BSBDA)
| Particulars | Details |
| Average Monthly Balance (AMB) | Not required |
| Eligibility Criteria | Resident individuals & HUF
(Should not have another savings account with any other bank) Minors above 10 years are also eligible to open self-operated account |
| Withdrawal limit |
|
| Cheque Book Facility |
|
| Debit Card | Free ATM/Rupay debit card |
| Other Features |
|
9. HDFC Bank Super Kids Savings Account
| Particulars | Details |
| Average Monthly Balance (AMB) | Rs. 1,00,000 or FD relationship of Rs. 4,00,000 |
| Eligibility Criteria | Minor (up to 18 years old) By parents or legal guardian having a savings account in HDFC |
| Cash withdrawal limit | 5 free cash withdrawals per month Rs. 150 per transaction thereof |
| Debit Card | Issues to minors above 3 years of age Replacement charges: Rs. 200 + taxes |
| Other Features |
|
| Cheque Book Facility | Free 25 cheque leaves per financial year
Additional cheque book of 25 leaves @Rs. 100 |
10. HDFC Instant Savings Account Online
| Particulars | Details |
| Average Monthly Balance (AMB) | Depends on the type of account |
| Eligibility Criteria | Individuals who are 18 years of age and above
Resident individuals who do not have an existing HDFC account or salary account |
| Steps to open the account | Enter the details as per your Aadhar card Validate the details using the OTP Complete other account-related information Submit |
| Cash withdrawal limit | Limit depends on the type of account |
| Debit Card | You can withdraw money from HDFC Bank ATM without a Debit Card by simply pressing the cardless option on the ATM |
| Other Features | Send money and pay bills within 48 hours of account opening Transfer money to your account instantly Instant account number Instant access to Net/Mobile Banking |
| Cheque Book Facility | Depends on the type of account |
Other HDFC Bank Savings Accounts
Some other savings accounts offered HDFC Bank are given below:
| HDFC Basic Savings Bank Deposit Account (BSBDA) Small Account | HDFC Government Scheme Beneficiary Account |
| HDFC Institutional Savings Account | HDFC Savings Farmers Account |
How to Open an HDFC Savings Account
Most HDFC savings accounts can be opened online as well as offline. The bank has eradicated the need to perform KYC documentation through video KYC.
Steps to Open HDFC Bank Savings Account Online
An applicant won’t have to visit the bank branch to open the HDFC Bank savings account online. Even the offline KYC is not required as it can get authenticated using the video KYC. Follow the steps mentioned below to open HDFC Bank savings account online:
- Visit the HDFC Netbanking portal or open the mobile banking app
- Click on “Open Instantly” against your selected savings account option
- Provide your mobile number and date of birth and verify using the OTP
- Provide your name and then authenticate using the Aadhaar card or other KYC documents
- Enter your contact details such as email ID and address as mentioned in the Aadhaar card
- The bank may ask a few additional details
- Once the application is complete, authenticate using video KYC
- After successful verification, your bank account will be opened instantly
Steps to Open HDFC Bank Savings Account Offline
You can open an HDFC Savings account offline by visiting a nearby HDFC Bank branch. Here are the steps that you need to follow for the same:
- Visit the HDFC Bank branch and request for an account opening form
- Fill the form with required details and attach self-attested copies of the proof of address and identity
- Submit the form and documents and provide original Aadhaar and PAN for verification
- Submit the demand draft or check or cash for depositing the amount in the bank account
- After proper verification, your bank account will be opened
You will get a savings account welcome kit containing the ATM card, chequebook and MITC documents.
How to Close an HDFC Savings Account
Follow these 3 simple steps to close your HDFC savings account offline, as online it is not permitted:
Step 1: To close your HDFC savings account, make sure there is no pending amount to be settled with the bank or the negative account balance remains zero.
Step 2: You are required to download and fill up the account closure form with all the required details.
Step 3: Visit your nearest HDFC bank branch and submit the application form along with relevant documents.
Documents Required for Opening an HDFC Savings Account
- PAN Card
- Address & Identity Proof (any of the following)
- Aadhaar Card
- Voter’s Card
- Driving License
- Passport
- Certificate issued by the government (Central/State), etc.
- Passport-sized photograph(s)
FAQs
Q. Is Aadhaar mandatory to open an HDFC Bank account?
Ans. No. According to the latest guidelines, you are not required to provide your Aadhaar Card to open an HDFC bank account. This is applicable to all banks in the country.
Q. Will my HDFC Savings Account be deactivated, if it is not used for a long period of time?
Ans. Yes, if you do not perform any deposit or withdrawal transaction from your bank account for a minimum of 2 years, it shall be blocked and the status will be called ‘Dormant’. However, to re-activate your account you shall need to visit the nearest bank branch to submit your KYC along with the account activation request form.
Q. How can I add a nominee to my savings account in HDFC Bank via netbanking?
Ans. By following the below mentioned simple steps you can add a nominee via net banking:
Step 1: Login via netbanking by using your user ID and password
Step 2: Search and click on the request section of the ‘Accounts’ tab
Step 3: Select ‘View/Update’ nomination details
Step 4: Select the respective account you want to to update the nominee.
Step 5: Further, you may click on ‘Modify’ to modify the nominee details, as well as you can add a new nominee and replace an existing one
Step 6: After filling in all the details, click on ‘Confirm’
Q. Can I open a savings account in HDFC with zero balance?
Ans. Yes, you can open a HDFC Basic Savings Bank Deposit (BSBD) savings account . It is a Zero balance account, wherein you are not required to maintain any monthly balance.
Q. What is the minimum balance for HDFC savings account?
Ans. The minimum average balance for HDFC savings accounts is Rs. 10,000 for metro and urban areas, Rs. 5000 for semi-urban and Rs. 2500 for rural areas.
Q. How can I transfer my HDFC savings account to another branch of the bank?
Ans. You can transfer your HDFC savings account to a different branch by submitting an account transfer form, which needs to be signed by all the applicants. However, your account number, cheque book, debit card, etc. remains the same even after the transfer,
Q. What is the best HDFC Bank savings account interest rate?
Ans. At present, for balances below Rs. 50 lakh, HDFC savings account interest rate is 3% p.a. and for balances of Rs. 50 lakh or above the interest rate is 3.50% p.a.
Q. How frequently is interest credited to my HDFC savings account?
Ans. Interest earned on your HDFC savings account balance is credited to your account on a quarterly basis.
Q. Is it possible to change my HDFC savings account from one account type to a different one?
Ans. Yes, you can change/upgrade your HDFC savings account type based on your needs. Please contact your relationship manager, the nearest HDFC bank branch or the customer service to get assistance with the same.