HDFC Bank Women's Savings Account

HDFC Bank Women’s Savings Account is solely for female account holders. This savings bank (SB) account comes with insurance coverages, waiver on Demat Account fees, maximize money through sweep-out on Fixed Deposit, two-wheeler loan, auto loan, shopping discounts, cashback on purchases, preferential rates on loans, discounts on processing fees, etc. You need to be a resident of India or a foreign national (conditions applied) to open this account.

In this post, we will discuss Women’s HDFC Bank Savings Account features, other facilities, eligibility criteria, minimum balance, interest rate, documents required, fees and charges, and FAQs.

Features of HDFC Bank Women's Savings Account

Here are the features of this HDFC Bank Savings Account:

• Get discounted rates on loans. No annual maintenance charge (AMC) on the Demat Account for the first year.
• You can choose MoneyMaximizer and earn additional interest on idle money with the sweep-out automatic facility on request.
• Rs. 1,000 per day is the daily cash allowance for 10 days per year, maximum. This is for each day of hospitalization that you have to spend because of an accident.
• Rs. 1 lakh is the accidental hospitalization cover.
• To claim this amount, you have to make at least one POS (Point of Sale) purchase with the Debit Card at a merchant establishment. The same should be in 3 months before the accident.
• Receive up to 90% funds on vehicle’s on-road price. The tenure of the auto loan is up to 7 years.
• Get 50% off on Gift Plus Card issuance. This is available on spending Rs. 5,000 minimum on the Debit Card through net banking or branch.
• Get up to Rs. 1 as cashback on spending Rs. 200 per instance on EasyShop Woman’s Advantage Debit Card.
• Exclusive shopping benefits on selected brands.
• Get a 2% discount on the standard interest rate for a two-wheeler loan. Also, receive 50% off on the processing fees.
• Get Rs. 2,000 as the daily cash withdrawal limit. Also, get Rs. 2.75 lakhs as the daily shopping limit.

Other Facilities of HDFC Bank Women's Savings Account

Here are more features:

• Cashback up to Rs. 1 on every Rs. 200 you spend on specified categories
• Rs. 5 lakhs as personal accident death cover (air, rail, road)
• Sum assured is Rs. 2 lakhs for fire and burglary or items you purchase on the Debit Card
• Rs. 25,000 is the withdrawal limit daily for cash
• You can shop on EasyShop Woman’s Advantage Debit Card daily for Rs. 2.75 lakhs
• Sum assured is Rs. 2 lakhs for loss of checked baggage. But for this, you must have at least 1 purchase on a debit card in 3 months before the incident
• Rs. 25 lakhs additional international air coverage on buying air ticket on the Debit Card

Eligibility Criteria for HDFC Bank Women’s Savings Account

Here are the eligibility norms for this HDFC Bank Savings Account:

• Resident individuals for sole and joint account
• The primary account holder has to be a female
• Foreign Nationals residing in India, who have a residential permit, foreign regional registration office certificate, valid VISA, Passport, and staying for over 180 days

HDFC Women’s Savings Account Minimum Balance Requirement

Here are more details:

• The initial deposit is Rs. 10,000 minimum for urban and metro branches. For rural branches, it is Rs. 2,500 and Rs. 5,000 for semi-urban branches.
• Non-maintenance charges are Rs. 150, Rs. 300, Rs. 450, Rs. 500 for metro and urban branches in case the AMB is >= Rs. 7,500 to < Rs. 10,000, >= Rs. 5,000 to < Rs. 7,500, >= Rs. 2,500 to < Rs. 5,000, Rs. 0 to < Rs. 2,500, respectively.
• No charges for semi-urban and rural branches of AMB is >= Rs. 7,500 to < Rs. 10,000, >= Rs. 5,000 to < Rs. 7,500.
• Otherwise, the charges are Rs. 300 for AMB Rs. 0 to < Rs. 2,500 and Rs. 150 for AMB >= Rs. 2,500 to < Rs. 5,000.

HDFC Bank HDFC Bank Women’s Savings Account Interest Rate

Here is more on this HDFC Bank Savings Account Interest Rate:

• The rate of interest is 3.00% for a balance less than Rs. 50 lakhs in the account.
• The rate of interest is 3.50% for a balance over Rs. 50 lakhs in the account.
• You get the interest earned at quarterly intervals.
• The interest is calculated on the daily balances you have in the SB account.

Documents for HDFC Bank Women’s Savings Account

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

• Recent photographs (passport-sized)
• Identity and Address proof such as PAN Card, Aadhaar Card, Voter ID Card, Driving Licence, Passport
• NREGA Job Card
• Identity Card issued by a state or central government department
• Scheduled commercial banks, PSUs

Fees and Charges of HDFC Bank Women's Savings Account

Here is more information on this HDFC Bank Savings Account charges: