Wednesday, 9 May 2018

Different types of Savings Account in HDFC Bank


Different types of Savings Account in HDFC Bank

Different types of Savings Account in HDFC Bank

The country's leading bank, HDFC Bank provides several types of savings account to choose from. HDFC Bank has the right Savings Account for everyone to choose from a wide array of savings account to find one that matches your needs. Each HDFC Bank savings account has different features and serving a different purpose and need. In this post, let’s take a look at the different types of savings account provided by HDFC Bank to keep your money safe while paying you interest.



Types of Savings Account in HDFC Bank

1. Regular Savings Account
2. SavingsMax Account
3. Basic Savings Bank Deposit Account
4. BSBDA Small Account
5. Women's Savings Account
6. Kids Advantage Account
7. Senior Citizens Account
8. Family Savings Group Account
9. Government Scheme Beneficiary Savings Account



HDFC Bank Regular Savings Account

Resident individuals (sole or joint account), HUFs (Hindu Undivided Families) and foreign nationals residing in India are eligible to open a Regular Savings Account. HDFC Bank offers a range of benefits on regular savings accounts. Enjoy 24x7 access to your bank with this Regular Savings Account that is designed to meet your day to day banking needs. You have to maintain a minimum average monthly balance of Rs. 10,000 for urban branches, Rs.5000 for semi-urban branches. Other benefits include free monthly statements, easy bill payment options, and free transactions alerts through mobile and email.



HDFC Bank SavingsMax Account

Resident individuals (sole or joint account), HUFs (Hindu Undivided Families) and foreign nationals residing in India are eligible to open a SavingsMax Account. You can access your savingsmax account via phone, mobile or laptop and get free lifetime debit cards. The average monthly balance in the SavingsMax Account should be > or = Rs. 25,000. You will get additional benefits on your savings max account with HDFC free personal accidental death cover and 1% cashback on transactions. HDFC bank also offers special loan schemes, discounts on forex and gift card, and preferential pricing on new online trading accounts.


HDFC Bank Basic Savings Bank Deposit Account

Resident individuals (sole or joint account) and HUFs (Hindu Undivided Families) are eligible to open a BasicSavings Bank Deposit Account. No initial payment is required to open a Basic Savings Bank Deposit account and no average monthly balance needs to be maintained. HDFC Bank offers a range of features such as access to the wide network of branches, and various ways to bank. The additional features include zero balance and a free Rupay card. Besides these, you can avail other features of BSBDA, such as bill payment options, statements, and alerts.

Also read: Benefits of SIP | Advantages of SIP

HDFC Bank BSBDA Small Account

You can apply for a BSBDA Small Account if you do not have any other banking relationship with HDFC Bank and you are a resident individual and do not have complete KYC. This is zero balance savings account for all your banking needs. HDFC Bank offers a range of features such as access to the wide network of branches, and various ways to bank. You can also avail other features of BSBDA, such as bill payment options, statements, and alerts. The additional features of BSBDA include a free Rupay card.


HDFC Bank Women's Savings Account

Resident individuals (sole or joint account) and foreign nationals residing in India are eligible to open a Women's Savings Account. However, the first account holder should be a woman. You have to maintain a minimum average monthly balance of Rs. 10,000 for metro & urban branches, Rs.5000 for semi-urban & rural branches. HDFC Bank offers a range of features such as the EasyShop women’s debit card with cashback offers. HDFC Bank account holders can also avail exclusive benefits such as preferential pricing on new online trading accounts and insurance cover.

Also read: 7 Investments for Tax Free Income in India

HDFC Bank Kids Advantage Account

Kids Advantage Account can be opened for your child as long as your child is a minor (up to 18 years of age) and you have a Savings Account with HDFC Bank. HDFC Banks offers several benefits such as access to a wide network of bank branches and ATMs and multiple ways to bank. A minimum average monthly balance requirement of Rs. 5,000/- must be maintained. Parents can avail Net Banking access to their child’s account and automatic monthly transfer to their child’s account via standing instructions.


HDFC Bank Senior Citizens Account

All resident individuals (sole or joint) in the age group of 60 years and above are eligible to open a Senior Citizens Account. In the case of a joint account, the first applicant has to be a senior citizen. There are numerous benefits on senior citizens accounts. Access a wide network of bank branches and ATMs, and choose to bank online or on phone. A senior citizen can open an account with a minimum deposit of Rs. 5,000/- and thereafter an average monthly balance of the same amount has to be maintained. Additional benefits such as accident hospitalization reimbursement cover and international debit card. 


HDFC Bank Family Savings Group Account

All members of a family who have an individual HDFC Bank account are eligible. A minimum of 2 and maximum of 4 accounts can be grouped under a single Family Savings Group Account. Non-Resident (NR) accounts can also be grouped. A family is defined as spouse, father, mother, son, daughter, brother, sister, grandparent or grandchild. You will get a complete banking solution for your family and enjoy the benefits of the family savings group account. Special benefits such as free international debit cards and higher interest on the account balance. Other benefits include discounts on locker rentals and free demand drafts.



HDFC Bank Government Scheme Beneficiary Savings Account

Resident Individuals (sole or joint account) are eligible to open a Savings Beneficiary Account. HDFC Bank offers a range of benefits on Government SchemeBeneficiary Savings Account. For instance, you will get access to a wide network of branches and ATMs, along with multiple modes of banking and higher free cash transaction limits. Other benefits include free monthly statements, free transactions alert via mobile and email, insurance and easy bill payment options with cashback. HDFC Bank also provides personalized chequebooks and the option to choose a premium debit card to match your banking needs.



If you liked this article, share it with your friends and colleagues through social media. Your opinion matters, please share your comments.
Different types of Savings Account in HDFC Bank



2 comments:

  1. Really got a useful blog to read today. Its very informative, keep posting more like this.
    Free Trading tips

    ReplyDelete
  2. So many types of accounts !!! did not have so much info, thanks for sharing.

    ReplyDelete