What are the eligibility criteria for Personal Accident Death Cover ?
The following are the broad Terms & Conditions of the captioned cover on salary account
- Accidental Death resulting from bodily injury due accident only.
- Accidental Death resulting from bodily injury which directly and independently of all other causes results in Death within twelve (12) months of the event date
- On the event date, the account holder Is a bonafide employees (aged less than 70 years ) of the organization to whom the specific offer has been extended
- Is holding a Salary Account under the Corporate Salary Account Program with HDFC Bank and has received salary credit in the month or month prior
- Should have carried out at least one purchase transaction using the Debit Card, within 6 months prior to the date of loss.
- In case of Air Accidental Death claim ticket should have been purchased using Debit Card linked to Salary Account
- Cover provided only to the primary account holder
Can I use my existing Salary Account if I have changed employers ?
Yes, In case an arrangement exists, we request you to visit the nearest branch along with a letter. The letter should have your complete name and account number and state that you have joined the corporate and want to convert your account to a salary account
Can a Defence ID card be accepted as a Photo ID document (Defense Salary Account)?
A Defence ID can be accepted as a Photo ID document.
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
