HDFC Bank Regular Savings Account

HDFC Bank Regular Savings Account provides customers with basic banking facilities, with Demat and Fixed Deposit options. You will receive Rupay Premium Debit Card and Millenia Debit Card. On this savings bank (SB) account, you can pay bills, opt for a safe deposit locker, and savings schemes. You will receive personalized cheque books, and 4 transactions free every month for deposits and withdrawals. This savings account is also available for minors over 10 years of age.

In this post, we will discuss the Regular HDFC Bank Savings Account features, eligibility criteria, minimum balance, interest rate, documents required, fees and charges, and FAQs.

Features of HDFC Bank Regular Savings Account

Here are the features of this HDFC Bank Savings Account:

• Net banking, mobile banking, and phone banking to check account balance, stop cheque payments, pay utility bills, and more.
• Free passbook and email statement. Personalized cheques wherein each cheque leaf will contain your name.
• BillPay to pay utility bills. You can even pay online or by phone by setting instructions for payments.
• No AMC (Annual Maintenance Charges) for the first year is waived off for the first Demat Account.
• Get attractive offers on Rupay Premium Debit Card and Millennia Debit Card.
• You can also choose a debit card of any other type as per your lifestyle needs.
• Get exclusive discounts and offers on SMARTBUY for shopping.
• Get a super saver facility and a safe deposit locker.

Eligibility Criteria for HDFC Bank Regular Savings Account

Here are the eligibility norms for HDFC Bank Savings Account:

• Hindu Undivided Families
• Resident individuals for sole or joint account
• Minors over 10 years of age for a self-operated account with ATM/Debit Card
• Foreign Nationals residing in India for 180 days or more with valid Visa, Passport, Residential Permit, and Foreign Regional Registration Office certificate

Minimum Balance Requirements for HDFC Regular SB Account

Here are more details:

• The minimum deposit amount initially into the savings account is Rs. 10,000. This is for urban branches. The same is Rs. 2,500 for rural branches and Rs. 5,000 for semi-urban branches.
• You have to necessarily maintain the specified average balance for the month or a Fixed Deposit of Rs. 10,000 for tenure 1 year and 1 day.

HDFC Bank Regular Savings Account Interest Rate

Here are more details on HDFC Bank Savings Account Interest Rate:

• The interest rate is calculated on the daily balance you maintain in the account.
• You will receive the accumulated interest amount at quarterly intervals.
• The rate of interest applicable on account balance lower than Rs. 50 lakhs - 3.00%.
• The rate of interest applicable on account balance over Rs. 50 lakhs – 3.50%.

Documents for HDFC Bank Regular Savings Account

Here are the documents you need to open the SB account:

• Address proof and Identity proof such as Aadhaar Card, PAN Card, Passport, Voter ID Card, Driving Licence.
• PSUs, scheduled commercial banks.
• Passport size photographs (latest)
• Identity card by central or state government body.
• NREGA Job Card.

Fees and Charges for HDFC Bank Regular Savings Account

Here are the charges for HDFC Bank Savings Account:

Frequently Asked Questions for HDFC Bank Savings Account

Here are the FAQs: