At HDFC Bank, we have several types of Savings Accounts to suit the needs of our different customers. No matter which age bracket you fall in, we have a product to cater to your day-to-day banking needs. You can opt for our DigiSave Youth Account, Women's Savings Account or Senior Citizens Account, and benefit from features offered by these types of savings bank account.
With each of our Savings Accounts - Savings MAX Account, Regular Savings Account, Senior Citizens Account, Women's Savings Account and DigiSave Youth Account- you can enjoy exclusive Debit Card and Insurance benefits. There are also attractive deals and CashBack offers available on different Debit Cards that you opt for when you choose a Savings Account with HDFC Bank. You can also make the most of unlimited free ATM transactions with our premium offering - the Savings MAX Account. HDFC Bank customers have 24x7 access to their Savings Accounts via our extensive network of branches and ATMs, and via the digital medium through options such as NetBanking, PhoneBanking or MobileBanking.
Customers can now easily complete their Know Your Customer (KYC) formalities from the comfort of their homes, without having to visit the bank in person, using HDFC Bank’s Video KYC facility as well. Opening a new Savings Account is also easy and can be done almost instantly thanks to HDFC Bank InstaAccount process (App + Web), which provides a fully digital banking experience. This new account has both HDFC Bank NetBanking and MobileBanking enabled from the outset and lets you withdraw cash without a Debit Card.
|Benefits/ Product||Savings MAX Account (Our Premium Product)||Regular Savings Account||Senior Citizens Account||Women's Savings Account||DigiSave Youth Account|
|Open A/c Now||Open A/c Now||Open A/c Now||Open A/c Now||Open A/c Now|
|Why choose this product?||Open a Savings Max Account and save upto Rs 12,500||A Savings Account designed to meet your day to day banking needs while giving you 24X7 access to your bank||Your Priorities are ours too! Take advantage of benefits designed specially to meet Senior Citizen customer needs- from day to day banking, health and investments||Everything a woman wants! A complete solution catering to her banking investing and lifestyle needs||Customized product offering for Youth in the age bracket 18 to 25 years- we bring you HDFC Bank DigiSave account|
|We have got you covered||Total Insurance Cover of up to 1.29 Cr including Accidental Hospitalization Cover, Accidental Death Cover, Air Accident cover etc on your SavingsMax Account & Platinim Debit Card||X||Accidental Hospitalization cover & Accidental Death Cover each of Rs 50,000/- if you are POS Active every 30 days ! Additionally, get Air Cover of Rs 25 Lakh on Rewards Debit card coupled with Personal Accidental Death Cover of Rs 5 lakh||Accidental Hospitalization Cover of Rs 1 Lakh per annum & Accidental Death Insurance cover upto Rs 15 Lakh per annum (Rs. 10 Lakhs on account and upto Rs. 5 Lakhs on Debit card||Total Insurance Cover of up to Rs.1.18 Cr for primary holder. Accidental Death Cover of up to Rs.10 lakhs* for the first holder only on Millennia Debit Card. Additional International Air Coverage of flat Rs.1 Crore on purchase of air ticket using your Millennia Debit Card. Zero Liability Cover of Rs.4 Lakh on fraudulent POS Transactions|
|Debit Card Benefit|
|Make every swipe count||Lifetime free Platinum Debit Card 1. Daily Cash Withdrawal Limit of Rs. 1 Lakh and Daily Shopping limit of Rs. 5 Lakh 2. 1% CashBack* on every transaction 3. 2 Domestic Lounge Access per quarter with Platinum Debit Card||Select from the range of cards||Lifetime free Rewards Debit Card (for the first applicant) 1. Cash Withdrawal Limit of Rs. 50,000 per day 2. Shopping limit of Rs. 3.5 Lakh per day 3. Special discounts on Apollo Pharmacy products with upto 20% discount||Enjoy a host of features on your EasyShop Woman's Advantage Debit Card: 1. CashBack offer of Re 1 for every Rs.200 spent 2. Daily Cash Withdrawal Limit of Rs. 25,000 3. Daily Shopping limit of Rs. 1.75 Lakh 4. Round the year offers on||Access account with your Millennia Debit Card which offers 5 % Cashback on SmartBUY/ PayZapp | 2.5% cashback on online spends | 1% cashback on offline spends * . Millennia Debit with 4 Complimentary Domestic Lounge Access per year. Higher ATM & POS Transaction Limits - Rs.50,000/- on ATM & Rs.3,50,000/- on POS on your Millennia Debit card|
|Making the most of your money||Money Maximiser: Earn higher interest on money lying idle with our automatic sweep out facility. Available on request||X||Higher Interest Rates on Fixed Deposits upto 5 Cr||Money Maximiser: Earn higher interest on money lying idle with our automatic sweep out facility. Available on request||X|
|Online Trading Account offers||Zero charges on base plan of Rs.1299/- Nil AMC on Demat for first year||Demat: Nil AMC for first year||Demat: Nil AMC for first year||Demat: Nil AMC for first year||Demat: Nil AMC for first year Invest small amounts on a weekly or monthly basis in Mutual funds from a young age through our Investment Services account which is linked to the DigiSave account|
|Accounts and Services|
|ATM transactions||Unlimited free transactions||5 free at HDFC Bank ATMs Non HDFC ATMs - 3 free transactions per month in top 6 cities* (5 free transactions in other cities)||5 free at HDFC Bank ATMs Non HDFC ATMs - 3 free transactions per month in top 6 cities* (5 free transactions in other cities)||5 free at HDFC Bank ATMs Non HDFC ATMs - 3 free transactions per month in top 6 cities* (5 free transactions in other cities)|
|Average Monthly Balance (AMB)||AMB of Rs.25,000 OR FD Cushion of Rs 1.5 Lakh in Metro/ Urban Locations Rs 1 Lakh in SURU Locations||Metro/ Urban- AMB of Rs.10,000 SemiUrban - AMB of Rs.5,000 Rural - AQB of Rs.2,500 or FD Cushion of Rs.10,000||AMB: Rs.5,000||AMB: Metro / Urban- Rs.10,000 SemiUrban / Rural - Rs.5,000||AMB: Metro / Urban- Rs.5,000 SemiUrban / Rural - Rs.2,500|
|Non-maintenance charges||Please visit Fees & Charges section on website||Please visit Fees & Charges section on website||Please visit Fees & Charges section on website||Please visit Fees & Charges section on website||Please visit Fees & Charges section on website|
FAQs on Savings Accounts Comparison
What type of Savings Account is best?
HDFC Bank offers different types of Savings Accounts to cater to the banking needs of our varied customer base. You can compare Savings Accounts and choose the one that suits your needs best such as Regular Savings Account or a Savings MAX Account. Each type of savings bank account comes with its own set of features and benefits. Ultimately, there is a Savings Account for you as well as everyone in our portfolio.
How to choose from different types of Savings Account?
A Savings Bank Account provides an easy solution for people to save their hard-earned money. It offers a return on the amount saved, and is a convenient and safe option. With HDFC Bank, you have several different types of Savings Accounts to choose from such as - Savings MAX Account, DigiSave Youth Account, Women's Savings Account, Senior Citizens Savings Account and Regular Savings Account. The best way to make a decision on the right Savings Account for you is to match them to your needs and explore the features that you would benefit most from.
Which is the most popular Savings Account?
There are a number of popular Savings Bank Account available for customers of HDFC Bank. The Regular Savings Account is popular with people who aim to meet their daily banking needs with ease. Customized variants such as the Women’s Savings Account or DigiSave Youth Account are specifically targeted at women and the youth and are popular amongst them. However, when it comes to choosing the right Savings Account for you, it should always be one that best suits your needs.
What are the documents required to open a New Savings Account?
The following documents need to be submitted when you open a Savings Account with HDFC Bank (originals, for verification, and self-attested copies for submission):
- Identity Proof
- Address Proof
- Latest passport size photographs
What is the frequency of interest payout for a Savings Account?
Interest earned on your Savings Account balance is credited to your account on a quarterly basis.
What is the document submission process when you opt for Video KYC?
You can easily read about the entire video KYC process here. The steps to be taken for document submission via video KYC are:
- Completion of Digital Account opening via Aadhaar OTP based E-KYC.
- Consenting for Video KYC option.
- Clicking on the video KYC link displayed on the final page of the account opening section. This link will also be sent via SMS and is valid for 7 days from the date of generation.
- Proceed to complete Video KYC via a video call, made anytime between 10 am to 6 pm on all days other than Sundays and Public Holidays.
- Allow camera, microphone, and location access on your smartphone.
- Allow the HDFC Bank Official to click your photograph, verify your original PAN card, and take your signature once connected via video call.