HDFC Bank Savings Account

Interest Rates on HDFC Bank Savings Bank Deposits:

The following table outlines the interest rates applicable to HDFC Bank's domestic, NRO, and NRE savings accounts, effective as of 24 June 2025.

Note: Interest on your savings account is calculated based on the daily balance in the account

HDFC Bank Savings Account Interest Rates & Minimum Balance Required:

Refer to the table below for minimum balance requirements across various HDFC Bank savings account types.

*The Savings bank account is always available to the customers with facilities such as Mobile Banking, Phone Banking and Net Banking. Convenience to access funds have been raised with the presence of over 11,000 ATMs. The savings accounts range from regular savings account to premium saving options that enables substantial savings.

RFC Savings (for Returning NRIs) Interest Rate:

Interest Calculation 

Interest is computed based on the daily closing balance of the account. Here is an example for a balance of Rs.1,00,000 at an interest rate of 2.50% per annum, the daily interest earned is approximately Rs.8.22.  

 Over 30 days, the interest accumulated would be about Rs.246.58. This calculation assumes a consistent balance throughout the month and reflects the interest earned on a daily compounding basis.

Features and Benefits of HDFC Savings Account:

HDFC Bank’s Savings Accounts come with a wide range of features and benefits that cater to the varying needs of customers. Below are the key highlights: 

Features 

• High Interest Rates: Earn interest on your deposits based on the daily balance, credited monthly or quarterly. 
• Debit Card Options: Choose from multiple debit cards, including premium cards, offering benefits like cashback, discounts, and insurance. 
• Digital Banking: Access your account 24x7 through NetBanking, Mobile Banking, and Phone Banking for easy transactions. 
• Unlimited ATM Access: Free, unlimited ATM transactions at HDFC Bank ATMs with premium accounts like Savings MAX. 
• Video KYC: Open and verify your account remotely using HDFC Bank’s Video KYC service, eliminating the need for a branch visit. 
• Zero Balance Options: Certain accounts, like the Basic Savings Account, allow you to maintain a zero balance without penalties. 
• Nominee Facility: Easily assign a nominee to your account for added security and convenience. 
• Instant Account Opening: Open your account quickly with HDFC Bank's Insta Account process, a fully digital experience. 

Benefits 

1. High Liquidity: Easily access your funds through ATMs or digital channels anytime without restrictions on withdrawals. 

1. Automated Payments: Set up auto-debit for utility bills, loan repayments, and investments, making managing your finances easier. 

1. Exclusive Offers: Enjoy exclusive deals, cashback, and discounts on various categories when you use your HDFC Bank debit card. 

1. Insurance Coverage: Get insurance benefits such as accident hospitalisation coverage and life insurance with specific savings accounts. 

1. Secure Savings: Deposits up to Rs.5 lakh are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC), providing peace of mind. 

1. Personal Relationship Manager: Premium account holders receive personalised banking support with a dedicated Relationship Manager. 

1. Wide ATM and Branch Network: Access over 5,000 branches and 15,000 ATMs across India, along with partner networks for hassle-free banking. 

1. Customised Accounts: Specialised accounts are available for various customer segments, such as Senior Citizens, Women, Minors, and Youth, offering tailored features. 

Types of HDFC Savings Accounts:

A savings account is a zero balance account opened as an operative account for fixed deposits/investments, for day-to-day personal transactions, remittances to India, or for salary and payments, standing orders, and direct debits/savings. HDFC Bank offers the following Savings Account Schemes:

1. HDFC Regular Savings Account  

The HDFC Regular Savings Account requires an Average Monthly Balance of Rs.10,000 for Metro and Urban branches, Rs.5,000 for Semi-Urban branches, and Rs.2,500 for Rural branches. Alternatively, for Rural branches, a Fixed Deposit of Rs.10,000 for a minimum of 1 year and 1 day is also acceptable. The Average Quarterly Balance applies to Rural branches. Additional features include netbanking, mobile banking, a free passbook and email statement facility, access to safe deposit lockers, and special offers on HDFC credit cards. 

1. Eligibility Criteria: The account is available to Indian residents, and minors above the age of 10 years can open a self-operated minor account. 

1. ATM Charges & Monthly Withdrawal Limit: Customers can make five free ATM transactions per month at HDFC ATMs. The monthly withdrawal limit is Rs.2 lakh with no charges. Third-party cash transactions are limited to Rs.25,000 per day. 

1. Cheque Book Facility: Account holders receive 25 free cheque leaves per financial year. Additional cheque books cost Rs.100, or Rs.75 for senior citizens. 

1. Debit Card Options: The account offers a variety of debit cards, including the Millennia Debit Card, Money Back Debit Card, Rupay Premium, Easy Shop Woman’s Advantage, Easy Shop Titanium Royale, Rewards Card, and Easy Shop Platinum.  

2. HDFC Women’s Savings Account 

The HDFC Women’s Savings Account requires an Average Monthly Balance of Rs.10,000 for Metro and Urban branches, and Rs.5,000 for Semi-Urban and Rural branches. Non-maintenance charges range from Rs.150 to Rs.600. Additional features include a free passbook and e-mail statement facility, two-wheeler loans at up to 3.5% lower interest rates, accidental death cover of Rs.10 lakh, accidental hospitalisation cover of Rs.1 lakh, and a daily shopping limit of Rs.2.75 lakh. 

1. Eligibility Criteria: The account is available to resident women (single account holders). In the case of a joint account, the first account holder must be a woman. Foreign national women residing in India are also eligible. 

1. Monthly Withdrawal Limit: The account has a monthly withdrawal limit of Rs.2 lakh. A charge of Rs.5 per Rs.1,000 is applied thereafter. 

1. Cheque Book Facility: Account holders are entitled to a free multi-city cheque book payable every six months, which includes 25 leaves. 

1. Debit Card: The debit card offers a cashback of Re.1 on every Rs.200 spent in applicable categories. The daily cash withdrawal limit is Rs.25,000. 

3. HDFC Savings Max Account 

The HDFC Savings Max Account requires an Average Monthly Balance of Rs.25,000 or a Fixed Deposit of Rs.1.5 lakh for Metro and Urban branches, and Rs.1 lakh for Semi-Urban and Rural branches. Non-maintenance charges range from Rs.300 to Rs.600. 

Additional benefits include insurance coverage of up to Rs.3.29 crore (covering personal death, accident hospitalisation, and international air coverage when tickets are booked via the debit card). Customers are entitled to free demand drafts on HDFC Bank locations, up to Rs.1 lakh per day, and a 50% discount on locker rental.  

Free lifetime BillPay and InstaAlerts are available for all account holders, which is particularly beneficial for joint account holders. The account also offers up to 90% finance on the on-road price of a vehicle through HDFC Auto Loan, and there is no Demat Annual Maintenance Charge (AMC) for the first year.   

1. Eligibility Criteria: This account is available to resident individuals (sole or joint accounts), Hindu Undivided Families (HUFs), foreign nationals residing in India, and minors above the age of 10 years for self-operated minor accounts. 

1. ATM Charges & Monthly Withdrawal Limit: Customers enjoy free unlimited cash withdrawals and balance enquiries at all HDFC Bank ATMs and non-HDFC domestic ATMs. They are also entitled to five free cash transactions per month at any branch. The monthly withdrawal limit is Rs.2 lakh, with a charge of Rs.5 per Rs.1,000 thereafter. 

1. Cheque Book Facility: The account offers 25 free cheque leaves per financial year. Additional cheque books cost up to Rs.100 per chequebook. 

1. Debit Card: Account holders receive a complimentary Platinum Debit Card, which offers up to 1% cashback. The daily cash withdrawal limit is Rs.1 lakh, and the shopping limit is Rs.5 lakh. 

4. HDFC Specialé Gold account 

The HDFC Specialé Gold account requires an Average Quarterly Balance of Rs.1 lakh or a Fixed Deposit of Rs.4 lakh, while the Specialé Platinum account requires an AQB of Rs.3 lakh or a Fixed Deposit of Rs.8 lakh. Non-maintenance charges for both variants range from Rs.299 to Rs.999 per quarter. 

Additional features include a customised account number for customers with an initial deposit of more than Rs.5 lakh. Locker charges are waived for the first year, with Gold account holders receiving a 50% discount and Platinum account holders receiving free locker usage. Fund transfers via NEFT, IMPS, RTGS, and UPI are free online, but NEFT and RTGS transactions are charged at the branch. Gold account holders receive free demand drafts (DDs) up to Rs.1 lakh per day, while Platinum account holders have no limit on free demand drafts. 

1. Eligibility Criteria: These accounts are available to Indian residents. 

1. ATM Charges & Monthly Withdrawal Limit: The Gold Account offers 5 free cash transactions per month, with a monthly withdrawal limit of Rs.5 lakh. The Platinum account allows for 10 free cash transactions per month, with a monthly withdrawal limit of Rs.15 lakh. 

1. Cheque Book Facility: Account holders are entitled to a free chequebook with both the Gold and Platinum variants. 

1. Debit Card: Both accounts come with a lifetime free HDFC Platinum Debit Card, which includes unlimited free ATM transactions. The daily domestic shopping limit is Rs.5 lakh, and the daily domestic ATM withdrawal limit is Rs.1 lakh. 

5. HDFC DigiSave Youth Account 

The HDFC DigiSave Youth Account requires an Average Monthly Balance of Rs.5,000 for Metro and Urban branches, and Rs.2,500 for Semi-Urban and Rural branches. Non-maintenance charges range from Rs.150 to Rs.300. 

Customers can enjoy 5% cashback, up to Rs.100 per month, when setting up standing instructions on a debit card for bill payments. Cashback on debit card usage can reach up to Rs.4,800 per year.  

The account also provides insurance coverage of up to Rs.1.14 crore, special offers on education loans, and a Dream Deposit feature that allows customers to start saving with as little as Rs.1,000. Additional features include SIP facilities for mutual funds, free e-mail statements and passbooks, and free mobile and e-mail alerts. 

1. Eligibility Criteria: This account is available to resident individuals aged between 18 and 25 years, either as a sole account or a joint account. 

1. ATM Charges & Monthly Withdrawal Limit: The first five financial transactions per month are free at HDFC ATMs, and the first three financial transactions per month are free at non-HDFC ATMs. Cash transactions at the branch are free up to Rs.1.25 lakh per month. 

1. Debit Card: The account comes with a Debit cum ATM card, with a minimum annual fee of Rs.150. In addition, the first year is free for the MoneyBack Debit Card, which has a daily domestic shopping limit of Rs.3 lakh and an ATM cash withdrawal limit of Rs.25,000 per day. 

6. HDFC Senior Citizen’s Account  

The HDFC Senior Citizen’s Account requires an Average Monthly Balance of Rs.5,000. Additional benefits include accident hospitalisation cover of Rs.50,000 per annum, preferential rates on Fixed Deposits (FDs), and free lifetime access to BillPay, email statements, SMS, and InstaAlerts. Free travellers’ cheques are also provided. 

1. Eligibility Criteria: This account is available to all resident individuals aged 60 years and above, either as sole or joint account holders. 

1. ATM Charges & Monthly Withdrawal Limit: The account offers free transactions up to Rs.2 lakh per month. Additionally, customers are entitled to four free cash transactions per month. 

1. Cheque Book Facility: Account holders receive a free chequebook per financial year with 25 leaves. Additional cheque books of 25 leaves are available for Rs.75. 

1. Debit Card: Different variants of debit cards are available for this account. 

7. HDFC Kids Advantage Account 

The HDFC Kids Advantage Account requires an Average Monthly Balance of Rs.5,000. The account includes a free education insurance cover of Rs.1 lakh in case of the parent or guardian's death due to a vehicular accident. It also allows for standing instructions to be set for monthly fund transfers from the parent’s account to the child’s account. The Money Maximizer Sweep-out facility transfers any excess balance over Rs.35,000 (above Rs.25,000) to a Fixed Deposit of 1 year and 1 day. Additionally, the account provides a free ATM/international debit card and a free passbook facility.   

1. Eligibility Criteria: This account is available for minors up to 18 years old. It must be opened by a parent or legal guardian who holds a savings account with HDFC Bank. 

1. Cash Withdrawal Limit: Cash transactions are allowed up to Rs.2 lakh per month per account without charges. For amounts exceeding this limit, a fee of Rs.5 per thousand is applied. Additionally, there are four free cash transactions per month. 

1. Debit Card: An HDFC Kid’s Advantage Debit Card is issued with the account. Replacement charges for the debit card are Rs.200 plus taxes. 

 8. HDFC Basic Savings Bank 

There is no requirement for maintaining an Average Monthly Balance (AMB) with the HDFC Basic Savings Bank Deposit Account (BSBDA). The account includes a free passbook, email statements, and lifetime BillPay. Additionally, a free TDS certificate is issued upon request   

1. Eligibility Criteria: The account is available to resident individuals and Hindu Undivided Families (HUFs). Applicants should not have another savings account with any other bank. Minors above the age of 10 are also eligible to open a self-operated account. 

1. Withdrawal Limit: The account allows for four free withdrawals per month, which can include cash, NEFT, RTGS, IMPS, and demand drafts. Each additional transaction incurs a fee of Rs.150. 

1. Cheque Book Facility: Account holders receive a free chequebook per financial year, which includes 25 leaves. Additional chequebooks are available for Rs.100, or Rs.75 for senior citizens. 

1. Debit Card: A free ATM/Rupay debit card is provided with the account. 

9. HDFC Bank Super Kids Savings Account 

The HDFC Bank Super Kids Savings Account requires an Average Monthly Balance of Rs.1,00,000 or a Fixed Deposit relationship of Rs.4,00,000. The account offers several benefits including a promo code for WhiteHat Jr, an Udemy E-Gift voucher worth Rs.5,000, a NetMeds gift voucher worth Rs.1,000, an Apollo Pharmacy E-Gift worth Rs.1,000, and a MediBuddy membership voucher worth Rs.999. Additionally, account holders receive an E-Gift card worth Rs.1,000 for Hamleys, Myntra, or Firstcry. There is also a free education insurance cover of Rs.5,00,000 in the event of the death of the parent or guardian. The account allows for setting up standing instructions for monthly fund transfers from the parent’s account to the child’s account. The Money Maximizer facility automatically transfers funds exceeding Rs.2,00,000 to a Fixed Deposit account.  

The account also offers flexibility for depositing funds, starting from Rs.1,000. Free ATM transactions are available at all HDFC Bank ATMs and non-HDFC Bank domestic ATMs. The account includes a free passbook facility and provides 25 free cheque leaves per financial year. Additional chequebooks of 25 leaves are available for Rs.100. 

1. Eligibility Criteria: This account is available for minors up to 18 years old and must be opened by parents or a legal guardian who holds a savings account with HDFC Bank. 

1. Cash Withdrawal Limit: Account holders are entitled to five free cash withdrawals per month. Each additional cash withdrawal incurs a fee of Rs.150. 

1. Debit Card: A debit card is issued to minors above the age of 3. Replacement charges for the debit card are Rs.200 plus taxes. 

Benefits of Different Types of Accounts:  

HDFC OneView: Secure Multi-Account Access

You'll be on a platform with a strong firewall with One View. One View employs 128-bit Secure Socket Layer (SSL) encryption technology to transport data. The platform is set up to automatically time out so that no one else can see your information. Because you cannot transact and can only view your account details, you can be confident that visiting your accounts is secure.

Multiple Account Access:

One View is a unique platform offered by HDFC that allows you to view multiple bank accounts held with different banks centrally. The participating banks include:

1. Citibank
2. HSBC India
3. Standard Chartered

You no longer need to log in to every bank account individually to access net banking. You can set up 5 different bank accounts under One View. You need to only remember one password to access all your accounts along with your HDFC Bank account. The best thing about it is it's free! However, you need to activate HDFC net banking.

Documentation Required

To open a Savings Account online with HDFC Bank, you will need the following documents: 

1. Duly filled account opening form 

1. Recent passport-sized photographs 

1. Proof of identity and address, such as: 

1. Aadhaar or E-Aadhaar issued by the Government of India 

1. PAN (Permanent Account Number) 

1. Voter ID 

1. Valid driver’s licence 

1. Valid passport 

1. ID card issued by state or central government, public sector undertakings (PSUs), or scheduled commercial banks 

1. NREGA job card 

1. For foreign nationals, the required documents include: 

1. Valid passport 

1. Valid visa 

1. Residence permit 

1. Foreign Regional Registration Office (FRRO) certificate

Eligibility

The following entities are eligible to open a Savings Account with HDFC Bank: 

1. Resident individuals (either solely or jointly) 

1. Members of Hindu Undivided Families (HUF) 

1. Minors above 10 years of age (can self-operate with access to ATM/Debit Card facilities) 

1. Foreign nationals residing in India for over 180 days 

How to Open HDFC Bank Savings Account Online?

To open a Savings Account online with HDFC Bank, follow these steps: 

1. Step 1: Visit HDFC Bank’s website and navigate to the 'Select Product Type' section. Click on 'Accounts'. 

1. Step 2: Select 'Saving Account' from the 'Select Product' option. 

1. Step 3: Click on 'Apply Online'. 

1. Step 4: Validate your mobile number and choose the Aadhaar option for digital account opening. Alternatively, you can select 'Other OVD', which generates a reference number, and a branch staff member will contact you for account opening. 

1. Step 5: Provide the required information, including your name, contact details, and address. 

1. Step 6: Enter nominee details and proceed. 

1. Step 7: Upload necessary documents, such as your PAN and Aadhaar card, or any other required documents. 

1. Step 8: Complete the account activation through HDFC Bank’s Video KYC process. 

1. Step 9: After verification, you will receive a welcome kit with your debit/ATM card, PIN, and chequebook. 

How to Open HDFC Bank Savings Account Offline?

Here is how you can open an HDFC Bank savings account offline:  

Step 1: Visit the branch of HDFC Bank.  

Step 2: Request an account opening form and enter the requested information.  

Step 3: Attach your address and identity proof documents.  

Step 4: Make a minimum deposit into your account.   

Step 5: Following the verification of your documents, your account will be activated.  

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.

HDFC Bank Savings Account Charges:

The following is the list of charges levied on the HDFC Bank Savings Accountholder for availing themselves for various services: 

HDFC Basic Savings Account for Farmers

This account is designed specifically for farmers to help them enter the financial industry by offering a zero-balance savings account with no minimum deposit. IVR phone banking is available for free to account holders. To promote paperless and convenient transactions and cash withdrawals, HDFC Bank provides account users with a free overseas debit card. Net banking, mobile banking, phone banking, and branch banking are all options for accessing the account.

Features:

The following are the features of Basic Savings Bank Deposit Account (Farmers): 

1. No initial deposit required to open the account
2. No average monthly balance required
3. There are no charges levied for non-maintenance of the account
4. There are no charges levied for activating a dormant account
5. Free international debit card
6. First cheque book is free
7. Cash deposits can be made free of charge with no limits
8. Cash withdrawals are limited to 4 free per month and subsequently at Rs.50 plus tax per transaction

Who can open a Basic Savings Bank Deposit Account?

Only specific individuals can open the BSBDA offered by HDFC Bank:

1. Individuals who are residents of India
2. Individuals must be an agriculturist or farmer having their own agricultural land or must have income from agricultural resources
3. They account can be opened solely or jointly

How to Open a Basic Savings Bank Deposit Account?

To open this account, individuals can approach a branch of HDFC Bank and submit the following documents:

1. Photograph
2. ID proof as per the acceptable list of KYC documents
3. Address proof as per the acceptable list of KYC documents
4. Basic Savings Bank Deposit Account customer declaration

HDFC Basic Savings Account Fees & Charges

The following table outlines costs associated with various banking services, including cheque charges, FD premature closure penalties, debit/ATM card replacement fees, and other miscellaneous charges:  

The table below lists the minimum balance requirements, non-maintenance charges, account closure charges, and signature attestation charges for various HDFC Bank Savings Accounts. 

Digital vs. Regular HDFC Savings Account

GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.