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FAQs |
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If you have any queries that are not answered here, please
write to us.
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What is a Super Saver Account? Is it a Savings Account?
The Super Saver Account is a premium Savings Account, i.e. a combination of a Fixed Deposit and a Savings Account. It thus gives you the yield of a Fixed Deposit and liquidity of a Savings Account: The other features of a Super Saver Account are:
- High interest rates
- Personalised cheque book
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How does it operate?
The Super Saver Account, enjoying the liquidity of a Savings Account,
allows you to withdraw up to 75% of your deposit, or 20 lakhs, whichever
is lower, whenever you want to. You do not need to break your Fixed
Deposit for short term needs. Only withdraw for the period you require
the money.
You can withdraw by ATM or cheque or teller transactions!
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Can I add on a Fixed Deposit to the Super Saver Account?
Yes, you can add on a Fixed Deposit to the Super Saver Account. It has to be in multiples of Rs.25,000/-. In such a case, we need to recalculate the overdraft interest rate. Separate add-on forms exist for adding on Fixed Deposit to the Super Saver Account.
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Can I have both a Super Saver facility and a Sweep-In facility on the same Fixed Deposit?
No, you can only have one of the two facilities on a single Fixed Deposit.
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Can a customer have both a Super Saver facility and a Sweep-In facility on the same Savings Account?
Yes, you can have both these facilities on the same Savings Account. If you choose to do so, you will need to maintain the minimum average quarterly balance of Rs. 10000/- in your Savings Account. Also, when there are insufficient funds in your Savings Account, your overdraft limit will be exhausted before units of the Sweep-In Fixed Deposits are encashed prematurely.
If you have any further queries on this product, contact us at nri@hdfcbank.com and we'll get back to you.
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