HDFC Savings Account

Embark on your financial journey with an HDFC Savings Account, a secure haven for your hard-earned money. Offering a plethora of features, this account ensures seamless transactions, attractive interest rates, and personalized banking services.

Home Banking HDFC Savings Account
Features and Services of HDFC Bank Savings Account

HDFC savings accounts go beyond mere deposits and withdrawals. They offer a plethora of features and services to enrich your banking experience:

  • 24/7 online and mobile banking: Manage your account anytime, anywhere through convenient online and mobile platforms.
  • Free ATM access: Enjoy free ATM withdrawals at HDFC Bank ATMs and a limited number of withdrawals at other bank ATMs.
  • Debit card facility: Access your funds conveniently with a personalized debit card.
  • Bill payments: Pay your bills seamlessly through your savings account, simplifying your financial management.
  • Funds transfer: Transfer funds easily between your accounts and to other banks through NEFT and RTGS.
  • Standing instructions: Set up automatic payments for recurring expenses like rent or phone bills.
  • Cheque book facility: Avail a cheque book for making payments conveniently.
  • Sweep-in facility (for SavingsMax Account): Maximize your returns by automatically transferring excess funds from your savings account to a higher-yielding fixed deposit.
Types of HDFC Bank Savings Accounts

Regular Savings Account: This is a standard savings account that offers basic banking services. It typically comes with features like ATM/debit card access, online banking, and the ability to earn interest on the account balance.

SavingsMax Account: This type of account provides higher interest rates compared to regular savings accounts. It may also offer additional benefits such as free personalized cheque books and enhanced withdrawal limits.

Women’s Savings Account: Specifically designed to cater to the financial needs of women, this account may offer benefits like cashback on shopping, discounts on healthcare services, and specialized insurance plans.

Senior Citizens Account: Tailored for senior citizens, this account often comes with additional benefits such as higher interest rates, preferential rates on fixed deposits, and personalized banking services.

Kid’s Advantage Account: Geared towards children, this savings account encourages financial literacy from a young age. It may come with features like a special debit card for children and educational tools.

Basic Savings Bank Deposit Account (BSBDA): A no-frills, zero-balance account designed to make banking services accessible to all. It typically includes features like free ATM/debit card and basic transaction facilities.

Salary Accounts: Provided to employees as part of salary packages, these accounts often come with benefits like zero-balance requirements, special debit cards, and exclusive offers on various services.

Family Savings Group Account: This type of account allows family members to link their individual accounts under a single umbrella, providing the convenience of managing finances collectively.

HDFC saving account minimum balance and Interest rates

Account Type

Minimum Balance

Interest Rate on Savings Balance

Regular Savings Account

Rs. 2,500

Up to 3.50%

SavingsMax Account

Rs. 25,000

Up to 4.00%

Basic Savings Bank Deposit Account (BSBDA) Small Account

No Minimum Balance

Up to 3.25%

Senior Citizens Savings Account

Rs. 1,000

Up to 6.25%

Women’s Savings Account

Rs. 2,500

Up to 3.75%

DigiSave Youth Account

No Minimum Balance

Up to 3.50%

HDFC Bank Savings Account charges



Minimum Balance (Metro/Urban)


Minimum Balance (Semi Urban/Rural)


Non-Maintenance of Minimum Balance

₹100 per month

Cheque Return Charges

₹100 per cheque

Account Closure Charges


Duplicate Statement Charges

₹50 per statement

ATM Transaction Charges (Non-HDFC)

₹20 per transaction

Cash Deposit Charges (Non-HDFC)

₹25 per transaction

 HDFC Savings Account Opening

Choosing an Account:

First, decide which HDFC account best suits your needs. Consider factors like:

  • Minimum balance: Can you maintain the required minimum? (e.g., Rs. 2,500 for Regular Savings)
  • Interest rate: Do you prioritize higher returns? (e.g., SavingsMax offers up to 4.00%)
  • Features: Which features matter most to you? (e.g., online banking, ATM access)

Documents Required:

Gather the necessary documents:

  • Identity proof: PAN card, Aadhaar card, voter ID card, driving license, or passport.
  • Address proof: Aadhaar card, voter ID card, driving license, utility bill, or bank statement.
  • Photograph: Two recent passport-size photographs.

Opening the Account:

Choose your preferred method:

  1. Bank Branch:
  1. Visit your nearest HDFC Bank branch.
  2. Talk to a bank representative and express your interest in opening a savings account.
  3. Provide your chosen account type and the necessary documents.
  4. Fill out the application form carefully.
  5. Sign the form and submit it along with the documents.
  6. The bank representative will verify your documents and complete the KYC process.
  7. You’ll receive a welcome kit with your account details and debit card (if applicable).
  1. Online Application:
  1. Visit the HDFC Bank website (
  2. Select “Open Savings Account” and choose your preferred account type.
  3. Fill out the online application form accurately.
  4. upload scanned copies of your required documents.
  5. Choose your preferred KYC verification method (Aadhaar eKYC or video KYC).
  6. Once verified, complete the online payment of any initial deposit (if required).
  7. You’ll receive a confirmation email with your account details and instructions to collect your debit card (if applicable) from a branch.

Video KYC:

  1. Go to the HDFC Bank website or mobile app.
  2. Choose “Open Savings Account” and your preferred account type.
  3. Fill out the online application form.
  4. Select video KYC as your preferred verification method.
  5. Schedule a video call with an HDFC Bank representative at your convenience.
  6. During the call, show your original documents and complete the verification process.
  7. Once verified, complete the online payment of any initial deposit (if required).

You’ll receive a confirmation email with your account details and instructions to collect your debit card (if applicable) from a branch

Activate Your Account:

After receiving your account details, activate your account online or at a branch using your temporary login credentials. Choose a permanent password and PIN.