SavingsMax Account

Max savings with SavingsMax! A premium savings account that helps you save money.
Open one and save up to Rs 4270*. To discover how, click here.

Apply Now for an HDFC Bank SavingsMax Account.

Make your account work harder

  • MoneyMaximiser: Earn higher interest on money lying idle with our automatic sweep out facility. Available on request.
  • Sweep-in: If your savings account is short of funds, your Fixed Deposit will be automatically dissolved to meet the short fall.

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It pays to bank with us

    Online Trading Account Offer

  • 50% discount on Account opening (Rs 499 vis-a-vis regular price of Rs 999)
  • Rs 1 lakh worth of trade volumes free*
  • Various discount on Auto, Personal and Business loans

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Make every swipe count

Lifetime free Titanium Royale Debit Card

  • Daily cash withdrawal limit of Rs. 75,000
  • Daily shopping limit of Rs. 1.75 lakh
  • 1% CashBack* on every transaction

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We have got you covered

  • Get Accidental Hospitalisation Cover of Rs. 1 lakh* per annum
  • Accidental Death Insurance of Rs. 10 lacs p.a on account

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Compare SavingsMax Account

Compare and see which account suits you perfectly.

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Average Monthly Balance Calculator

Click here to calculate the Average Monthly Balance (AMB) required to be maintained in your account.

Contact Us

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Contact Number
Ahmedabad
6160 6161

What are the features and benefits of a SavingsMax Account?

Features

Get maximum advantage from your SavingsMax Account. Take a look at the features and benefits listed below:

MoneyMaximizer

Make the most of our "MoneyMaximizer" (sweep-out) facility so your surplus funds can be put into high earning fixed deposit at the threshold of Rs. 1,25,000. If the balance in your SavingsMax Account exceeds/reaches Rs. 1,25,000, the amount in excess of Rs. 1,00,000 will be put in a fixed deposit at a minimum value of Rs. 25,000 for a one year and one day period*.

*Conditions apply

What are the special privileges with a SavingsMax Account?

Enjoy special privileges with your SavingsMax Account:

Insurance Benefits

  • 1. Accidental hospitalization cover (applicable from 1st Aug 09)
    • Get accidental hospitalization cover of Rs. 1 lakh per annum on your SavingsMax Account
    • Claim daily cash allowance* at Rs.1,000 per day for a maximum of 15 days per year, for each day of hospitalisation due to an accident
      • This is a re-imbursement cover, extended only to the first holder of the SavingsMax Account
      • This is applicable after the completion of the 1st calendar quarter, after the quarter of your account opening. For example, if your SavingsMax Account was opened in August 2009, the insurance benefit will apply only from January 2010.
      • For the claim to be accepted & processed, the first holder of the SavingsMax Account should have fulfilled the following:
        • You have to maintain an Average Quarterly Balance (AQB) of Rs. 25,000 in the calendar quarter previous to the quarter of the date of accident
        • You should have made at least 1 Point of Sale (POS) purchase at a merchant establishment using your Debit Card in the previous 3 months before the date of accident.
  • 2. Accidental Death Insurance Cover of Rs. 10 lacs p.a on account for the first holder only
    • The insurance cover is restricted to death by vehicular accidents (Rail/Road/Air)
    • For claim to be processed, primary account holder should have done atleast 1 purchase- Point of Sale transaction at a merchant establishment using the Debit Card in the previous 3 months before the date of death. A purchase transaction performed before the date of death in the same month will also be valid

* Conditions apply

For more Terms & Conditions click here

Other Special Benefits

  • 1. Preferential pricing on new Online Trading Accounts
    • Account opening charges Rs. 499 only (regular price Rs. 999)
    • 1 lakh worth of trade volumes free (valid for 3 calendar months after your online trading account opening month)
  • 2. Loan offers (effective 1st November 2013) -
    • Auto Loan - Flat 0.25% discount on interest rate
    • Business Loan - Up to 1 % discount on interest rate & upto 0.25% discount on processing fees up to 28th Feb 14
    • Personal Loan - 0.50% less on interest rates till 31st March 14
  • 3. Forex Plus Card -
    • 50% discount on issuance of Forex Plus Card (on minimum load of USD 2000 on card or any other currency equivalent to it) through branch

For more Terms & Conditions click here

What are the eligibility criteria for a SavingsMax Account?

Get details on eligibility criteria & documents required for HDFC Bank SavingsMax Account

The following are eligible to open a SavingsMax Account:

  • Resident individuals (sole or joint account)
  • Hindu undivided families
  • Foreign nationals residing in India*

If you are a foreign national residing in India, you may open a Savings Account by temporarily attaching an undertaking (QA 22 form) stating sources of credit and a copy of your residence permit

Minimum Balance Requirement

  • If the AMB in the SavingsMax a/c >= 25,000/-, no AMB non-maintenance charges will be levied
  • If the AMB in the SavingsMax a/c falls below 25,000/- the following charges would be applicable:
    If AMB in the account is between Rs 10,000/- to Rs 25,000/ -
    Rs 350 per month would be levied
    If AMB is less than Rs 10,000 Rs 500 per month would be levied
  • Transaction charges applicable, in case the specified AMB has not been maintained in the previous month

What are the fees and charges of SavingsMax Account ?

Enclosed below are HDFC Bank SavingsMax Account fees and charges

Description of ChargesSavingsMax Account
Minimum balance – Average Monthly Balance (AMB) Rs. 25,000
Charges on non-maintenance thereof - If AMB in the account is between Rs 10,000/- to Rs 25,000/ - Rs 350/- per month would be levied.

- If AMB is less than Rs 10,000 - Rs 500/- per month would be levied.
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
Issue of duplicate/adhoc statements Branch - Rs 100/-
PhoneBanking ( Non IVR) - Rs.75/-
NetBanking, Mobile Banking, PhoneBanking - IVR & ATM - Rs 50/-

For Senior Citizen

Branch - Rs 50/- per statement
• PhoneBanking ( Non IVR) - Rs.50/- per statement
• NetBanking , MobileBanking, PhoneBanking – IVR & ATM - Rs 30/- per statement
( w.e.f 1st July'13 )
Hold statement Rs. 400 per year
Passbook issuance* Free
Duplicate passbook issuance* Rs 100/-
Managers cheques/demand drafts (issuance/re-issuance) - At HDFC Bank locations
Free DDs/MCs per account, with a maximum of Rs. 1 lakh per day
Only DD amount upto Rs 100,000 for Preferred/Imperia & Rs 50,000 for other customers accepted at PhoneBanking
Above Rs. 1 lakh Rs. 2 per 1,000 or part thereof (max Rs. 10,000/-)
DD request through NetBanking
Upto Rs. 1 lakh Rs. 30 + (corr. bank charges if applicable)
Third party DD* upto Rs. 1 lakh Rs. 30 + (corr. bank charges if applicable)
(*Third party registration required Customers registered for third party transfers have a maximum limit of 10 lakh per cust id and hence can issue multiple DDs of 1 lakh upto 10 lacs and send it to the beneficiary address)
Managers cheque/demand drafts - Cancellation/revalidation Rs. 50
Rs. 40 (Senior citizens/individuals in rural areas)
( Nil charges for Managers cheque/demand drafts - Cancellation/revalidation up to Rs.100/-)
( w.e.f 1st July'13 )
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 SavingsMax 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 - at non CTS locations SavingsMax Account
Upto Rs. 1,00,000 No charges
Rs. 1,00,001/- and above Rs. 140 /- per instrument
Cheques drawn on Speed Clearing Branches - at CTS locations No Charge
Collection of outstation cheques - Other locations
Charges for cheques drawn on non-branch locations SavingsMax 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 - at non CTS locations SavingsMax Account
Upto Rs. 1,00,000 No charges
Rs. 1,00,001/- and above Rs. 140 /- per instrument
Cheques drawn on Speed Clearing Branches - at CTS locations No Charge
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 ( eg. - Date not mentioned, post dated, sign mismatch, etc ) - No charge
Cheques deposited - Outward
Rs.50
Rs. 100 on non-maintenance of min balance
Balance enquiry - At branch Free
Balance Certificate Current year - Free; previous year - Rs. 50
Interest Certificate Rs. 50
TDS Certificate Free
Account closure

Upto 14 days - Nil
15 days upto 12 months - Rs 500/- ( Rs 300/- for Senior Citizens)
Beyond 12 months - Nil
( w.e.f 1st July'13 )

Photo attestation Rs 100/- per instance ( Nil for Senior Citizens )
( w.e.f 1st July'13 )
Address confirmation Rs 50/- per instance
Stop payment charges Particular cheque - Rs. 50 (free through PhoneBanking and NetBanking), range of cheques - Rs. 100 (free through PhoneBanking and NetBanking)
Standing instructions Rs. 25 per transcation plus remittance charge
( w.e.f 1st July'13 )
Unarranged overdraft N.A.
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)
-In case the AMB in the previous month account is equal to or above Rs 50000/- No charges would be levied
-In case the AMB is below Rs 50,000/- 15 txn free/month would be permitted and charge of Rs 75/txn would be levied 16th transaction onwards.( w.e.f 1st July'13 )

Cash transactions (Cash deposits & withdrawals) by self at home & Non-home branches
Number Cap 10 free cash transactions per month would be permitted and Rs 100/- per txn would be levied 11th transaction onwards (plus taxes)
Cash transactions (Cash deposits & withdrawals) by self at home & Non-home branches
Value Cap Home Branch - No limit
Non Home branch:
- Cash transaction value upto Rs. 49,999/ per day - No charge
- Above Rs. 49,999/- Rs 5/- per 1,000/- on the full amount (plus taxes)
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.

Charge will be levied for the full amount.
Third Party Transactions at Home & Non - Home branch
Value Cap Upto a limit of Rs.49,999 per day - Rs.100 (plus taxes). Rs.50,000 & Above - Not allowed
(w.e.f 1st September'13)
For Senior Citizen customers, Kids / Minor accounts, while the current limits will be applicable, the accounts will not be charged
Local cheque deposited for outstation accounts No charge
PhoneBanking Free
Phonebanking - non-IVR
Free
Rs. 50 per call on non-maintenance of min balance for transactions that are available on IVR but are done through the PhoneBanking executive.
ATM card Free
ATM card - Replacement charges Rs. 100 (plus taxes)
ATM card - Transaction charge - non HDFC Bank ATMs Free upto a transaction limit of Rs 10,000/-
ATM Card - Transaction charge for non-partner banks N.A.
Debit card (annual fee) - Regular Free for all account holders for lifetime
Debit Card (annual fee) - Titanium Royale Free for primary account holder for lifetime. Rs.250 per year (plus taxes) for other account holders.
Debit Card (annual fee) - Women's Card Free for all account holders for lifetime
Debit Card (renewal fee) - Regular N.A.
Debit Card (renewal fee) - Titanium Royale Free for primary account holder for lifetime. Rs. 250 per year (plus taxes) for other account holders
Debit Card (renewal fee) - Women's Card N.A.
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 Balance enquiry - Free
Cash withdrawal - Free
Per transaction limit will be Rs 10,000/-
Debit Card (transaction charge) - Non-HDFC Bank international ATMs Rs. 15 per balance enquiry & Rs. 110 per cash withdrawal (plus taxes)

The Bank will charge cross-currency mark-up of 3.5% on foreign currency transactions carried out on Debit Cards. The exchange rate used will be the VISA/Master Card wholesale exchange rate prevailing at the time of transaction
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 Free
Add-on debit card - Titanium Royale Rs. 250 per year (plus taxes)
Add-on debit card - Women's Card Free
BillPay Free
InstaPay Rs. 10 (plus taxes) per transaction
InstaAlert Free
Visa Money Transfer Rs. 5 (plus taxes) per transaction
NEFT charges - Inward NIL
NEFT charges - outward
  • Amounts up to Rs. 10,000 - Rs.2.5 (exclusive of taxes) per transaction
  • Amounts from Rs.10,001 to Rs.1 lakh - Rs. 5 (exclusive of taxes) per transaction
  • Amounts above Rs. 1 lakh up to Rs. 2 lakh - Rs. 15 (exclusive of taxes) per transaction
  • Amounts above Rs.2 lakh – Rs.25 (exclusive 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. lakh - Rs. 50 (inclusive of taxes) per transaction
RTGS - Inward NIL
IMPS (Immediate Payment Service) – Outward
Charges effective 10th May-14
  • Amount up to Rs. 10,000 - Rs.3.5 (exclusive of taxes) per transaction
  • Amount above Rs.10,000 to Rs.1 lakh - Rs. 5 (exclusive of taxes) per transaction
  • Amount above Rs. 1 lakh up to Rs. 2 lakhs - Rs. 15 (exclusive of taxes) per transaction
IMPS (Immediate Payment Service) - Inward NIL
MobileBanking Free
NetBanking Free
Any deliverable returned by courier due to negative reasons (no such consignee/consignee shifted and non-existent address) Rs. 50/- per instance
TIN/IPIN regeneration (requests received at the branch for a physical dispatch) Rs 50/- per instance
SI rejects Rs. 200/- per instance

Click here to view charges applicable effective 1st September 2013

*At home branch for account holders (individuals)

Note : Service/Transaction charges will be applied in the current month based on the AMB maintianed in the account in the previous month
Service/Transaction charges based on non - maintainence of AMB (as specified above) do not apply to Preferred , Corporate Salary & SuperSaver customers
The PhoneBanking charges will apply on transaction that are available on the IVR but are done through the PhoneBanking Executive

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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