What are the benefits?
- Choose between a Savings Account and Current Account to link to your Fixed Deposit
- Take advantage of an overdraft facility to supplement your household or business
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What are the features?
HDFC Bank’s Super Saver FacilityLike two accounts working together, with the Super Saver Facility, you can choose between a Savings Account and a Current Account to link to your Fixed Deposits and enjoy the rewards of an overdraft facility to supplement your household or business requirements. really is like two accounts working together!
Features
- You can choose between a Savings Account and a Current Account to link to your Fixed Deposit
- You can enjoy the rewards of an overdraft facility to supplement your household or business requirements
- Pay back with interest only on the drawn amount, while your remaining Fixed Deposit continues to earn you interest
- Flexibility in altering period of deposit, maturity and payment instructions, principal amount and rollover mode before maturity of the rollover deposit.
Interest rates
Earn the interest of a Fixed Deposit, which varies according to the tenure of your deposit.
For the amount withdrawn, the applicable rate is only 2% above the fixed deposit rate for the period that the money is used.
If your Savings Account has a credit balance, you will also earn 4 % paid into your account half yearly, on the funds existing in your Savings Account.
In effect, the Super Saver Account ensures that you earn a higher interest rate than you would with a Regular Savings Account.
The following are eligible to open a Super Saver Account.
- Resident Individual (sole or joint account)Hindu Undivided Family
- A minimum amount of Rs 25,000/- for a minimum tenure of 6 months is required to open a Super Saver Account, in addition to a Zero Balance Savings Account.
Only Senior Citizens / Retired Personnel (above 60 years of age) who are Resident Indians are eligible for the Senior Citizen rate on the INR fixed deposit.
Have questions?
Can a joint account be opened with a non-senior citizen?
Yes, as long as the first account holder is a senior citizen.
Can I have a Super Saver Facility and a Sweep-in Facility on the same Savings Account?
You can have both these facilities on the same Savings Account.
Can I have a Super Saver Facility and a Sweep-in Facility on the one Fixed Deposit?
This isn’t possible. You can only have one of these facilities on a single Fixed Deposit.
Will TDS be charged on the gross interest earned or the net interest earned?
TDS (Tax Deducted at Source) is charged if, in a financial year, the gross interest earned on your fixed deposits held with the bank exceeds Rs. 10, 000.
Can I add on a Fixed Deposit?
You can, but it has to be in multiples of Rs 5,000. In this situation, the overdraft rate is recalculated. We will let you know the change. Separate add-on forms exist for adding the Fixed Deposit to the Super Saver Account.
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What can you do online?
- Get Fixed Deposits advice online
- Liquidate Fixed Deposits online
- Mark Super Saver for Fixed Deposits in a single name
Did you know?
- You can avail of an overdraft facility on your Fixed Deposit to supplement your personal or business expenses
- You can pay back, with interest, only on the drawn amount while the rest of your Fixed Deposit continues to earn interest
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Get started with your SuperSaver facility
If you have registered for NetBanking you can use the SuperSaver facility online via your NetBanking.
To register for NetBanking click here.
Did you know
- You can get an overdraft facility on your Fixed Deposit to help you supplement your personal or business expenses.
- You only have to pay back with interest the amount you have drawn from your Fixed Deposit, while the rest of your fixed deposit continues to earn interest.
You can also benefit from
- Recurring Deposits by investing an amount every month so you can meet your financial needs. Click here.
- Our Sweep-in facilityThe Sweep-in facility, allows you to transfer money from your savings account into a fixed deposit or vice-versa. You can have this done by a standing instruction, if the money in the account goes above or falls below a limit you have decided upon. You can also gain the high interest rates that come with a Fixed Deposit, along with the liquidity of a savings Account. and have funds transferred to your Savings / Current account from your Fixed Deposit if the balance in your Savings/Current Account falls below a certain limit. This limit can be decided by you.
This facility is only for Fixed Deposits that are in a single name in case you are using the facility via NetBanking; however, if you visit a branch to apply for the facility there is no such restriction.
Have questions?
How can I apply for the Super Saver Account?
You can apply for the Super Saver Account in the following ways:
- Apply through a branch: To apply for the Super Saver facilityLike two accounts working together, with the Super Saver Facility, you can choose between a Savings Account and a Current Account to link to your Fixed Deposits and enjoy the rewards of an overdraft facility to supplement your household or business requirements. through a nearest branch, please submit a duly signed written instruction at the nearest branch. You may visit the following URL to access information for the complete address and contact details of our Branches.
- Apply by calling us: You may access information about our PhoneBanking numbers.
- Apply online: To apply online for Super Saver FacilityLike two accounts working together, with the Super Saver Facility, you can choose between a Savings Account and a Current Account to link to your Fixed Deposits and enjoy the rewards of an overdraft facility to supplement your household or business requirements., please follow steps mentioned below:
- Login to your NetBanking account and click on “Fixed Deposit Super Saver" option located under fixed deposit of the web page.
- Select the savings account number and the fixed deposit account number that you wish to link for Super Saver FacilityLike two accounts working together, with the Super Saver Facility, you can choose between a Savings Account and a Current Account to link to your Fixed Deposits and enjoy the rewards of an overdraft facility to supplement your household or business requirements. from the drop down
- Accept the terms and conditions by checking the box available for the same.
- Click on "Continue" and "Confirm".
- Only customers with SOW (Single Ownership) relationship with both accounts and Fixed Deposits can link them under Super Saver FacilityLike two accounts working together, with the Super Saver Facility, you can choose between a Savings Account and a Current Account to link to your Fixed Deposits and enjoy the rewards of an overdraft facility to supplement your household or business requirements.
- A minimum amount of Rs. 25,000 for a minimum tenure of 6 months 1 day is required to open a super saver account apart from a zero balance Savings Account
- In case of a Super Saver facilityLike two accounts working together, with the Super Saver Facility, you can choose between a Savings Account and a Current Account to link to your Fixed Deposits and enjoy the rewards of an overdraft facility to supplement your household or business requirements. a lien is marked on the Fixed Deposit in favor of the Bank
- On Auto renewal of the Fixed Deposit, the quantum of the Overdraft limit will remain unchanged
- Through this facility, a 75% of your Fixed Deposit Principal amount will be granted as an Overdraft facility
- The rate applicable on the Overdraft facility will be 2% per annum over and above the Fixed Deposit Rate
- In case of premature liquidation of the Fixed Deposit, against which the Overdraft has been taken, the rate applicable on the overdraft utilized will remain unchanged
- In case the overdraft limit (Super Saver) set-up on the account is not removed prior to the maturity of the Fixed Deposit, the Bank shall auto-renew the Fixed Deposit for the same tenure at prevailing rates
- In case you choose any Sweep-in Fixed Deposit to link to a Super Saver facilityLike two accounts working together, with the Super Saver Facility, you can choose between a Savings Account and a Current Account to link to your Fixed Deposits and enjoy the rewards of an overdraft facility to supplement your household or business requirements., please note that a lien will be marked on the said Fixed Deposit for the Super Saver facilityLike two accounts working together, with the Super Saver Facility, you can choose between a Savings Account and a Current Account to link to your Fixed Deposits and enjoy the rewards of an overdraft facility to supplement your household or business requirements..
- This will mean that in future in case of shortage of funds, the sweep-in will not trigger, however, the Super Saver limit will be utilized.
- In case you have 2 separate deposits which you have linked to your SB account - a sweep in FD and a Super saver limit, then in case of shortfall of funds, first the OD amount will get utilized and if the shortfall still remains, then the sweep in shall trigger.
Can I get an overdraft facility on my fixed deposit funds?
With our Super Saver Account, you can enjoy an overdraft facility of up to 75% of your Fixed Deposit funds without breaking the Fixed Deposit or losing interest on it. However, a minimum tenure of 6 months is required to open a Super Saver Fixed Deposit/ avail of the Super Saver facilityLike two accounts working together, with the Super Saver Facility, you can choose between a Savings Account and a Current Account to link to your Fixed Deposits and enjoy the rewards of an overdraft facility to supplement your household or business requirements. on your existing deposit.
For more information on our Super Saver Account, Click here
What is the time taken to realize outstation cheques?
The indicative time taken for the realization of outstation cheques is given below:
- Cheques drawn where HDFC Bank has a branch, credit will be given on receipt of clear funds in:
- Main metro locations (Mumbai, Chennai, Kolkata, New Delhi): 7 working days
- Metro centers and state capitals (other than those of North Eastern states and Sikkim): Maximum period of 10 working days.
- In all other centres where we have branches: maximum period of 14 working days.
- Cheques drawn on non-branch locations where we have a tie-up with correspondent banks, credit will be given on receipt of clear funds: Within a maximum period of 14 working days
- Cheques drawn on non-branch locations where we do not have a tie-up with correspondent banks, credit will be given on receipt of clear funds: Within a maximum period of 14 working days
For more details on the outstation cheque collection policy, click here. For other queries, Contact Us.
I have made a Fixed Deposit with HDFC Bank. I want to update my PAN details in the account, how should I update my new PAN details?
Customer's can now update PAN details through net banking, if they are registered for the same Or by submitting the request along with a copy of the PAN at the nearest branch.
Why is the principal amount and the fixed deposit maturity amount of my Fixed Deposit the same?
When your Fixed Deposit is booked with the quarterly / monthly interest pay out option, the maturity amount is the same as the principal amount. The interest amount will be credited to your account at quarterly / monthly intervals.
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