Yes. You are eligible if you are a Resident Indian and if any of your family
members have a new / existing NRI account with HDFC Bank.
You need to maintain an Average Quarterly Balance of Rs. 5,000/-. If you do
not maintain this amount, you will be required to pay a fee of Rs 750 per
quarter plus taxes.
If, along with your Special RI Savings Account, you also open a Fixed Deposit
for Rs. 50,000/-, the above service charge is waived, even if you are unable
to maintain an average balance of Rs. 5,000/-*.
As per the Finance Bill 2009, all fees and charges mentioned above will attract
Service Tax @ 10% and Education Cess @ 3% of the service tax amount effective
24th Feb 2009.
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