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. 2500/-. If you do not maintain this amount, you will be required to pay a fee of Rs 750 per quarter
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. 2,500/-*.
As per the Finance Bill 2007, all fees and charges mentioned above will attract Service Tax @ 12% and Education Cess @ 3% of the service tax amount effective 11th May 2007.
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