HDFC Bank Basic Salary Savings Deposit Account
For employees across the country, HDFC Bank has rolled out the Basic Salary Savings Bank Deposit Account, enabling account holders to carry out banking procedures that comes with both a savings account and a salary account.
The HDFC Bank Basic Salary Savings Bank Deposit Account is a zero-balance savings account and customers are granted a free RuPay debit card on opening the account.
HDFC Bank Basic Salary Account Features & Benefits
- As already mentioned, this basic savings salary account is a zero-balance account, meaning that the account holder is not required to maintain a minimum balance requirement.
- On opening the account, the primary account holder is granted a free RuPay debit card.
- Customers are also granted a free cheque book when opening the account.
- With the RuPay debit card, HDFC Bank customers are granted 5 free withdrawals and bank enquiries in a month at other bank ATMs (other than HDFC Bank).
- Customers are granted 4 free cash withdrawals in a month at any HDFC Bank branch. After the first four free cash withdrawals, customers are charged Rs.100 per withdrawal.
- Through the HDFC Bank net banking facility, customers can facilitate fund transfers through the NEFT or RTGS facilities, across the country.
- Free phone banking and mobile banking facilities.
- Through the InstaAlert facility, customers are granted free email alerts as soon as one makes a transaction or a withdrawal.
- With the help of the BillPay facility, HDFC Bank customers can pay their utility bills.
- Customers can carry out banking procedures at any HDFC Bank branch or ATM across the country.
- On opening the account, customers are also granted a free passbook.
Eligibility Criteria for HDFC Basic Salary Account
To be eligible for this basic salary savings account, customers need to meet certain eligibility criteria.
- The organisation or company the employee is working for should have a salary account relationship with HDFC Bank.
- Also, to be eligible for this account, customers should not have any other bank account with HDFC Bank. This includes zero-balance accounts as well.
Documents Required to Open HDFC Basic Salary Account
When submitting this basic salary savings account opening form, customers are required to submit the below listed documents to be eligible for the account.
- 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 Basic 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) For an additional cheque book, the customer will be charged Rs.5 per cheque leaf. |
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 Cash deposit - Free |
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 - Renewal Fee - Women's Card | Rs.150 per year (plus GST as applicable) |
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 | Rs.150 per year (plus GST as applicable) |
Debit Card - Renewal Fee - Rewards | Rs.500 per year (plus GST as applicable) |
Debit Card - Renewal Fee - RuPay debit card | Free |
Debit Card - Renewal Fee - Gold/Platinum | Rs.750 per year (Plus GST as applicable) |
Debit Card - Annual Fee - Women's Card | Rs.150 per year (plus GST as applicable) |
Debit Card - Annual Fee - RuPay debit 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 - Rewards | Rs.500 per year (plus GST as applicable) |
Debit Card - Annual Fee - Regular | Rs.150 per year (plus GST as applicable) |
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 - RuPay | Rs.150 per year (plus GST as applicable) |
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) |
FAQs on HDFC Bank Basic Salary Savings Deposit Account
- Which documents do I have to submit when applying to open HDFC Bank basic salary savings account? Will my employee ID be enough?
You will have to submit your Government approved KYC documents as identification and address proof. Your employee ID will not be accepted as proof of identification or address.
- Is it possible to open HDFC Bank basic salary savings account even if I am not receiving a monthly payroll?
No, that would not be possible. You have to be a salaried individual to be eligible to open this account.
- Will I have to close HDFC Bank basic salary savings account if I shift employers?
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.
- What is the HDFC Bank basic salary savings account minimum balance?
Usually, HDFC Bank basic salary savings accounts do not have a minimum balance requirement. As a result, even with a zero balance, these accounts can be started and kept open. Additionally, there are no penalties or fees for failing to maintain the account balance at certain times.
- How can I open an HDFC Bank basic salary savings account?
You can open HDFC Bank basic salary savings account offline by visiting the nearest branch with valid KYC documents, or online at the HDFC Bank website.
- Are there any charges for ATM transactions?
There are five free ATM transactions available each month at other bank ATMs. Charges apply if this limit is exceeded.
- How do I close my HDFC salary account?
Download the account closure form from the official HDFC website, complete it, and submit it to the bank to terminate an HDFC salary account.
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