Family Savings Group Account

Features and Benefits

  • Free EasyShop International Debit Card for all account holders for lifetime of the group
  • Savings account to Savings account sweep-in to a nominated account*

sweep-in from NRO ac not allowed

  • Free DD/MC on HDFC Bank locations up to Rs.50,000 per account per month (Request at branch)

*Conditions Apply

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Combo Offers

Special offer on your account:

  • 50% off on the Locker rental calculated on a pro-rata basis and applicable only for the year of allotment.
  • Online Trading Accounts - One free add-on Trading Account for Spouse

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Contact Us

Contact Number
Ahmedabad
6160 6161

What are the features and benefits of a Family Savings Group Account?

Features

Features

  • Free EasyShop International Debit Card for all account holders for lifetime of the group
  • Gold Debit Card at Rs.250 for all applicants for lifetime of the group
  • Free Bill payment and SMS alerts
  • Free cash withdrawal transactions on any bank ATMs
  • Savings account to savings account sweep-in to a nominated account* (sweep-in from NRO ac not allowed)
  • Free DD/MCs on HDFC Bank locations up to Rs.50,000 per account per month (Request at branch)
  • PAP chequebook Free of issuance charge
  • Free monthly account statements

Special Bundle Offers

  • Lockers: 50% off on the Locker rental calculated on a pro-rata basis and applicable only for the year of allotment.
  • Online Trading Accounts:
    Account opening charges Rs.799
    One add-on Trading Account for Spouse Free
    One lac of Trade volume Free for both primary & add-on account holder (valid for the next 3 months from the date of account opening)
  • Mudra Gold Bars:
    3% discount on 2.5/5 gms
    4.5% discount on 8/10/20/50 gms

Please note: All features are applicable till the accounts are a part of the FSG.FSG features will override individual product level features

What are the eligibility criteria to open a Family Savings Group Account?

Listed below are the criteria to open a Family Savings Group account:

  • All members who have an individual HDFC Bank account.
  • A minimum of 2 and maximum of 4 accounts can be grouped under a single Family Savings Group (FSG).
  • Non-Resident (NR) accounts can also be grouped.
  • Savings Max, Current and HUF accounts cannot be grouped under an FSG account.
  • The Customer ID of the Primary account holder in the group will be the Group ID. The Primary account holder cannot be a minor.

Definition of Family

A family is defined as spouse, father, mother, son, daughter, brother, sister, grandparent or grandchild.

What are the fees and charges applicable to a Family Savings Group account?

Revised effective 5th Nov 09 for new customers

Description of ChargesFamily Savings Account
Minimum Balance (Average Monthly Balance) Combined Average Monthly Balance (AMB) in all accounts grouped should be Rs. 40,000
Initial pay-in for new accounts:
New accounts being opened & grouped, should be opened with an initial pay-in amount equivalent to the AMB of that variant.
(eg: Regular Savings Account should be opened with an initial pay-in of Rs.10,000, Senior Citizens Accounts or Kids Accounts should be opened with an initial pay-in of Rs.5,000)
Charges on non maintenance thereof - If Combined AMB is between Rs 20,000 and Rs 40,000/- , Charges of Rs 350/- per group per month would be levied. Charged to the account with the highest balance.

- If Combined AMB is less than Rs 20,000 , Charges of Rs 500/- per group per month would be levied. Charged to the account with the highest balance.
Cheque Book Free - 25 cheque leaves per calendar quarter
Additional chequebook of 25 leaves will be charged @ Rs 50/- per chequebook
PAP Cheque book usage charges No Charges
Account Statements - Free Monthly statements sent by post
Issue of duplicate / adhoc statements Branch - Rs 100/-
PhoneBanking ( Non IVR) - Rs.75/-
NetBanking, Mobile Banking, PhoneBanking - IVR & ATM - Rs 50/-
Hold Statement Rs. 400 per year
Passbook issuance* Free
Duplicate passbook issuance* Rs 100/-
Managers Cheques/Demand Drafts- Issuance/Re-issuance - On HDFC Bank Locations
DD request through Branch
Free DDs upto Rs.50,000 per account per month

Above Rs. 50,000 charged at Rs. 2.50 per 1,000 on incremental amount (Max Rs.10,000)
DD request through Phonebanking  
Upto Rs. 50,000 - Rs .30

(Only DD amount upto Rs 100,000 for Preferred/Imperia & Rs 50,000 for other customers accepted at Phonebanking )
DD request through Netbanking  
Upto Rs. 1 Lakh Rs .30+(Corr. Bank charges if applicable)  
Third party DD* upto Rs. 1 Lakhs Rs .30+(Corr. Bank charges if applicable)  
(*Third Party Registration required.Customers registered for Third Party Transfers have a maximum limit of 10 lacs per cust id and hence can issue multiple DDs of 1 lacs upto 10 lacs and send it to the benefiacry address)  
Managers Cheque/Demand Drafts - Cancellation / Revalidation Rs. 50
Rs. 40 (Senior Citizens / Individuals in Rural areas)
Demand Drafts- Issued - On Non HDFC Bank Locations
Rs. 50 plus charges as outlined below:
Upto Rs. 500 Rs. 10
Above Rs. 500 to Rs. 1000 Rs. 15
Above Rs. 1000 to Rs. 5000 Rs. 25
Above Rs. 5000 to Rs. 10,000 Rs. 30
Above Rs. 10,000 to Rs. 1 Lakh Rs. 3 per 1000 or part thereof
Above Rs. 1 Lakh Rs. 6 per 1000 or part thereof (Min Rs 300 - to Max Rs 10,000/-)
Cheque Collection - Local Clearing Zone Free
Collection of outstation cheques - our bank locations
Charges for cheques drawn on Branch locations Family Savings account
Upto Rs 5,000 Rs. 25/-,
(Rs. 20/- for Rural branches / Senior Citizens Account)
Rs. 5,001/- to Rs. 10,000/- Rs. 50/-,
(Rs. 40/- for Rural branches / Senior Citizens Account)
Rs. 10,001/- to Rs. 1,00,000/- Rs. 100/-
Rs. 1,00,001/- and above Rs. 150/-
cheques drawn on Speed Clearing Branches Family Savings account
Upto Rs. 1,00,000 No charges
Rs. 1,00,001/- and above Rs. 140 /- per instrument
Collection of outstation cheques - other locations
Charges for cheques drawn on Non-Branch locations Family Savings account
Upto Rs 5,000 Rs. 25/-,
(Rs. 20/- for Rural branches / Senior Citizens Account)
Rs. 5,001/- to Rs. 10,000/- Rs. 50/-,
(Rs. 40/- for Rural branches / Senior Citizens Account)
Rs. 10,001/- to Rs. 1,00,000/- Rs. 100/-
Rs. 1,00,001/- and above Rs. 150/-
cheques drawn on Speed Clearing Branches Family Savings account
Upto Rs. 1,00,000 No charges
Rs. 1,00,001/- and above Rs. 140 /- per instrument
Cheque return charges drawn on us - Local
Due to insufficient funds -
  • First cheque return in a quarter - Rs 350/-
  • From second cheque return in the same quarter – Rs 750/- per return
Charges due to funds transfer cheque return - Rs. 350/-

Due to technical reasons - No charge
Cheque return charges drawn on us deposited in other locations Rs. 75
Cheques deposited returned unpaid Charge of Rs 100/- per instance would be levied
Balance Enquiry - at Branch Free
Balance Certificate Current year - Free, Previous year - Rs. 250
Interest Certificate Rs. 50
TDS Certificate Free
Account Closure Upto 14 days - Nil
15 days upto 12 months - Rs 500/-
Beyond 12 months - Nil
Photo Attestation Rs 100/- per instance
Signature Attestation Rs 100/- per instance
Address Confirmation Rs 100/- per instance
Stop Payment Charges Particular Cheque - Rs. 50 (Free through Phonebanking and NetBanking), Range of Cheques - Rs. 100 (Free through Phonebanking and Net banking)
Cheque status per instance Rs. 25
Standing Instructions Setting up Rs. 150, Rs. 25 per transcation plus remittance charge
Unarranged overdraft NA
Old records/copy of paid cheques Upto 1 year - Rs. 50 per record, Above 1 year - Rs. 100 per record
Activation of dormant account No charges
Branch transactions (Includes only Cheque deposit/Cheque issuance/Funds Transfer Debit/NEFT/RTGS)
Accounts maintaining AMB Accounts not maintaining AMB
- In case the AMB in the account is above Rs 50,000/- No charges would be levied

- In case the AMB is between the requisite product AMB and Rs 50,000/- 15 txn free/month would be permitted and charge of Rs 75/- per txn would be levied 16th transaction onwards.
3 free transactions in a month would be permitted and Rs 75/- per txn would be levied 4th transaction onwards.
Cash transactions (Cash deposits & withdrawals)
Accounts maintaining AMB Accounts not maintaining AMB
5 free cash transactions per month would be permitted and Rs 100/- per txn would be levied 6th transaction onwards. 2 free transactions in a month would be permitted and Rs 100/- per txn would be levied 3rd transaction onwards.
Interbranch transactions through teller counters - Funds Transfer Free
Interbranch transactions through teller counters - Cash transactions.
Accounts maintaining AMB Accounts not maintaining AMB
- Cash transaction value upto Rs. 50,000/ per day - No charge

- Above Rs. 50,000/- Rs 5/- per 1,000/- on the full amount
For any value of cash transaction charge of Rs 5 per 1,000/-, would be levied. (Min charge amount - Rs 100/-).
Local Cheque deposited for outstation accounts No Charge
Phonebanking - IVR Free
Phonebanking - Non IVR Free
ATM Card Free
ATM Card - Replacement charges Rs. 100 (plus taxes)
ATM Card - Transaction charge for Partner banks - SBI & Andhra Bank Balance enquiry - Free
Free Cash withdrawal transactions at any other Bank ATM
ATM Card - Transaction charge for Non-Partner banks NA
Debit Card - Annual Fee - Regular Free for all applicants
Debit Card - Annual Fee - Gold Rs. 250 per year (plus taxes) for all applicants
Debit Card - Annual Fee - Women's Card Rs. 100 per year (plus taxes)
Debit Card - Renewal Fee - Regular Free for all applicants
Debit Card - Renewal Fee - Gold Rs. 250 per year (plus taxes)
Debit Card - Renewal Fee - Women's Card Rs. 100 per year (plus taxes)
Debit Card - Replacement charges Replacement of a damaged card - No charges & Replacement of a lost card - Rs. 100 (plus taxes) (for all card types)
Debit Card - Transaction Charge - HDFC Bank ATMs Free
Debit Card - Transaction Charge - Non HDFC Bank Domestic ATMs Free Cash withdrawal transactions at any other Bank ATM
Debit Card - Transaction Charge - Non HDFC Bank International ATMs Rs. 15 per balance enquiry & Rs. 110 per cash withdrawal (plus taxes)
Debit Card - Transaction Charge - SBI/Andhra Bank ATMs Balance enquiry and cash withdrawals: Free
PIN regeneration charge Rs. 50 (plus taxes)
Decline charge for insufficient balance Transactions declined at other Bank ATMs anywhere in the world or at a Merchant outlet outside India due to insufficient funds will be charged at Rs. 25 per transaction (plus taxes)
Add-on Debit Card - Regular Rs. 100 per year (plus taxes) - One add-on card free for the first year
Add-on Debit Card - Gold Card Rs. 500 per year (plus taxes)
Add-on Debit Card - Women's Card Rs. 100 per year (plus taxes)
BillPay Free
InstaPay Rs. 10 (plus taxes) per transaction
InstaAlert Free
Visa Money Transfer Rs. 20 (plus taxes) per transaction
NEFT Charges - Inward NIL
NEFT Charges- outward Upto Rs. 1 lakh - Rs. 5 (inclusive of taxes) per transaction
Above Rs. 1 lakh to 2 Lakhs - Rs. 15 (inclusive of taxes) per transaction
Above Rs 2 Lakhs - Rs. 25 (inclusive of taxes) per transaction
NEFT Charges for Indo Nepal transactions Customers having NSBL*A/c - Rs 20/-
Customers having Non-NSBL* A/c:
Upto Rs 5,000 - Rs 70/-
Above Rs 5,000 - Rs 95/-
* Nepal State Bank Ltd
RTGS - Outward RTGS - Outward:
Above Rs. 2 Lakhs to 5 Lakhs - Rs. 25 (inclusive of taxes) per transaction
Above Rs 5 Lakhs - Rs. 50 (inclusive of taxes) per transaction
RTGS - Inward NIL
Mobilebanking Free
Netbanking Free
ECS (Debit) Return Charges - Rs 350/- would be levied on first instance of ECS return in a quarter.
- Rs 750/- would be levied, second instance onwards in the same quarter.
Non-Operational account - Account with no customer initiated transaction in the account for past 1 year Rs 50/- per quarter
Any Deliverable returned by courier due to negative reasons (no such consignee/ consignee shifted and no such address) Rs 50/- per instance
TIN/IPIN Regeneration (requests received at the branch for physical dispatch) Rs 50/- per instance
SI rejects Rs 200/- per instance
Cash Handling for cash deposit at home branch For non-managed customers

- Cash deposit value upto Rs 1 lakh/day - No charge
- Above Rs 1 lakh - Rs 25/- per Rs 50,000 or part thereof.

Click here to view charges applicable before 1st January 2012

*at home branch for account holders (individuals)

Effective 1st April 2012, all fees and charges, mentioned in the Tariff of charges, will attract Service Tax @12% and Education Cess @3% of the Service Tax amount.

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