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Savings Account: Open Savings Accounts Online

Open a Savings Account Online with HDFC Bank to enjoy Exclusive Benefits.

Start your banking journey with HDFC Bank's Savings Account, explore a wide range of features & benefits with exclusive deals available with different account variants. 

HDFC Bank's Savings Account encourages savings by providing 24x7 access through our NetBanking, Mobile app, vast network of branches and ATMs. Enjoy the perks of our Debit Cards, including lifestyle and healthcare benefits. 

Additionally, HDFC Bank simplifies the account opening process with Video KYC, allowing you to verify your identity remotely through secure video interactions. 

So why wait... Apply now for an HDFC Bank Savings Account to make the most of your savings. 

*Regular Savings, Women's, SavingsMax, Senior Citizens & DigiSave Youth account can be opened digitally. 

Click here to open an account. 

You can now open a Savings Account of your choice instantly!

  • Instant Account NumberExclusive accounts for Women, Senior Citizens, Young & Premium Customers
  • Enjoy Quick, Digital & Paperless Account Opening with Video KYC
  • Monthly savings with your Debit/ATM Card, SmartBuy & PayZapp

Regular Savings Account

  • chequeGet a free personalised chequebook
  • cardChoose Millennia Debit Card or MoneyBack International Debit Card that suits your needs
  • billPay your bills safely and conveniently with BillPay service

SavingsMax Account

  • interest imageEarn higher interest on idle money with automatic sweep-out facility
  • lifeinsurance imageLifetime Platinum Debit Card
  • atm imageBe safe with accident hospitalisation cover of ₹ 1 lakh
  • Free unlimited number of cash withdrawals at HDFC Bank ATMs

Women's Savings Account

  • cardGet EasyShop Woman’s Debit Card for all your spending needs
  • incomeEarn up to ₹ 1 cash back on every ₹ 200 spent
  • interestEnjoy Up to 3.5% lower interest rate on two-wheeler loan

DigiSave Youth Account

  • Digital Platforms for all your needs
  • First year free MoneyBack Debit card
  • Round the year offers on all categories

Senior Citizen's Account

  • hospitalGet accident hospitalisation reimbursement cover of ₹ 50,000 per annum
  • hospitalClaim a daily cash allowance of ₹ 500 per day for 15 days hospitalisation
  • interest imageEnjoy Preferential rates on fixed deposits (FDs)

3-in-1 SmartInvest

  • All three accounts (Savings + Demat + Trading) are opened digitally at one go.
  • KYC is done via video conferencing.
  • Single process of documentation for all three accounts, ensuring added convenience.

Saving Farmers Account

  • cardGet a free - ATM card to access your account
  • atmEnjoy 5 free transactions at HDFC Bank ATMs
  • billGet easy payment option with free BillPay facility

Speciale Gold Women's Savings Account

  • Invest confidently with SmartWealth app
  • Get loan products at preferential rates
  • Get FD like returns with Money Maximizer

Specialé Gold and Specialé Platinum

  • Enjoy premium lifestyle benefits
  • Get better healthcare and insurance cover
  • Avail preferential pricing on Lockers, Demat and Trading account
  • Enhanced transactional limits

Speciale Senior Citizen Savings Account

  • No cost banking with Doorstep facilityNo cost banking with Doorstep facility
  • Enjoy Healthcare & Lifestyle BenefitsEnjoy Healthcare & Lifestyle Benefits
  • Secure Banking with Cyber InsuranceSecure Banking with Cyber Insurance
  • Get better healthcare and insurance coverGet better healthcare and insurance cover

Specialé Activ Account

  • ACH/SI Mandate from account to enjoy Zero Balance
  • Lifetime Free Platinum Debit Card with 1% CashBack
  • Unlimited ATM transactions @HDFC Bank ATMs
  • Exciting lifestyle benefits

Super Kids Savings Account

  • Get Free Rupay Kids Debit Card for children with guardian consent
  • Get free education insurance cover of ₹ 5 lakh
  • Get free unlimited number of ATM transactions

Kids Advantage Account

  • cardGet International Debit Card for children with guardian consent
  • studentGet free education insurance cover of ₹ 1 lakh
  • coinBuild up a future fund with ₹ 1,000 every month

Institutional Savings Account

  • donationsManage donations and fees through Cash Management Services
  • paymentLink account to HDFC Bank payment gateway easy collection
  • paymentSimplify payments to employees, vendors, etc. by going online

Basic Savings Bank Deposit Account

  • accountEnjoy a zero balance savings account
  • card imageAvail of a free Rupay Card to access your account
  • payment imageGet 4 free cash withdrawals at branch per month

Government Scheme Beneficiary Savings Account

  • chequeChoose a premium debit card to match your banking needs
  • cardEnjoy higher cash transaction limits of Rs.10 Lakh/ month
  • billGet easy payment option with free BillPay facility

Basic Savings Bank Deposit Account (BSBDA) Small Account

  • accountEnjoy a zero-deposit, zero balance account
  • cardAvail of a free Rupay Card to access your account
  • paymentGet 4 free withdrawals at ATMs per month

What is a Digital Savings Account?

A Digital Savings Account is a type of bank account designed to help you manage and grow your funds securely while earning a competitive savings interest rate. One of the key benefits of a Digital Savings Account is its high liquidity, allowing you to withdraw funds whenever necessary.

This account is tailored to encourage you to save money for various financial goals. You can conveniently use the funds in your Savings Account for expenses such as bill payments or shopping, facilitated through our Debit Card, NetBanking, or Mobile Banking services. Additionally, you can transfer money from your Savings Account to other bank accounts seamlessly via electronic payment systems, and withdraw cash at ATMs using your Debit Card.

HDFC Bank provides a diverse range of Digital Savings Account types to meet the unique savings requirements of different individuals, all while ensuring the highest levels of security and trust that we are known for.


Types of Savings Accounts

At HDFC Bank, we understand that banking needs can differ across individuals. You can thus choose from a host of Savings Account options:

1. Regular Savings Account

A Regular Savings Account is a standard interest-generating bank account. You will receive a Debit Card that allows online purchases and cashless payments for in-store purchases. Our Savings Account also comes with NetBanking and Mobile Banking platforms that offer an efficient way to bank remotely. You can transfer funds to different bank accounts almost instantly. Typically, you are required to maintain a minimum monthly balance in the account.

2. Senior Citizens Savings Account

A Senior Citizens Savings Account is a Savings Account designed for senior citizens and their varied financial needs. Such accounts come with special facilities including Doorstep Banking Services, comprehensive insurance benefits, a free Debit Card, and preferential Fixed Deposit rates, among others. The bank also offers free passbook facility, payable-at-par cheques, online utility bill payments, and online fund transfers.

3. Kids’ Savings Account

As an HDFC Bank Savings Account holder, you can open a Kids’ Savings Account for your child who is 18 years and under. Our Kids’ Savings Account can help you inculcate the habit of disciplined savings in your child from an early age. With your permission, we can issue a Debit Card for your child with limits on cash withdrawals and spending. Other features include free Education Insurance cover and online banking provisions.

4. Women’s Savings Account

A Women’s Savings Account comes with features and benefits uniquely designed for women. As a Women’s Savings Account holder, you can enjoy preferential interest rates for various loans. The bank also offers special Debit Cards with higher cash withdrawal and shopping limits. You can also avail of complimentary insurance benefits, airport lounge access, and other unique perks with your Debit Card.

5. Basic Savings Bank Deposit Account

A Basic Savings Bank Deposit (BSBD) Account is a type of Savings Account wherein you’re not required to maintain an average monthly balance. With this zero-balance account, you can enjoy most perks available with a standard Savings Bank Account. You can access the account with digital banking platforms, enjoy Debit Card facilities, avail of cross-product benefits, and more.


Features of Digital Savings Accounts

Although a simple form of savings, a Savings Account comes with notable features:

  • Attractive Interest Earnings

    With a Savings Account, you can make your hard-earned money work for you with our attractive savings interest rates. With HDFC Bank, you can avail of interest rates of up to 3.50% for balances of and exceeding ₹50 lakh and 3.00% for account balances less than ₹50 lakh*.

  • Online Banking Provisions

    Our NetBanking and Mobile Banking platforms allow you to access and manage your Savings Bank Account facilities, regardless of geography. With our online banking platforms, you can check your account balance, view account statements, request chequebooks, open Fixed Deposits, and more.

  • Debit Card Facilities

    You can avail of a secure Debit Card with your HDFC Bank Savings Account. The Debit Card allows you to pay for online and offline spending and withdraw cash from ATMs. What’s more, our Debit Cards also come with various insurance benefits that differ across card variants.

  • Quick Fund Transfers

    You can send money to other bank accounts at any time and from any place, thanks to online banking. We facilitate online fund transfers via National Electronic Fund Transfer (NEFT), Real Time Gross Settlement (RTGS), Immediate Payment Service (IMPS), and Unified Payments Interface (UPI).

  • Convenient Bill Payments

    Long queues for paying bills are a thing of the past, thanks to our swift and secure online bill payment interface. With our NetBanking and Mobile Banking platform, you can pay utility bills instantly, be it electricity, water, property tax, etc. Plus, you can provide standing instructions to automate recurring bill payments.

Documents Required for Opening a Savings Account

You will need the following documents to open a Savings Account online:

  • Duly filled out account opening form

  • Recent passport-sized photographs

  • ID and address proof

  • Aadhaar or E-Aadhaar letter issued by the Government of India

  • Permanent Account Number (PAN)

  • Voter ID

  • Valid driver’s license

  • Valid passport

  • ID card issued by state or central governments, public sector undertakings (PSUs), and scheduled commercial banks

  • National Rural Employment Guarantee Act (NREGA) job card


In some cases, foreign nationals may be able to open a Savings Account in India. Foreign nationals will have to submit the following documents:

  • Valid passport

  • Valid visa

  • Residence permit

  • Foreign Regional Registration Office (FRRO) certificate

Digital Savings Account Eligibility

The following entities can open a Savings Account with HDFC Bank:

  • Resident individuals (can open and operate the account solely or jointly)

  • Members of Hindu Undivided Families (HUF)

  • Minors above 10 years of age can open and self-operate a Savings Account and get access to ATM/Debit Card facilities.
  • Foreign nationals residing in India for more than 180 days are eligible to open a Savings Account.

Fees & Charges for Opening a Savings Account

Note that there are no particular fees you must pay for opening a Savings Account online. Depending on your Savings Account type, you may have to pay a minimum initial deposit amount. You must also keep in mind the following associated charges that can differ depending on your Savings Account type:

  • Non-maintenance of account balance

  • Duplicate passbook issuance

  • Exhausting the number of free cash transactions

  • Additional chequebook

  • Debit Card replacement charges

  • Debit return charges

  • Standing instruction rejects

  • Fund transfers at bank branch

You can find the complete schedule of Savings Account charges here.

Benefits of an Digital Savings Bank Account

Here’s why a Digital Savings Account continues to remain the preferred tool for placing your surplus funds:

  • High Liquidity

    You can withdraw your Savings Account funds at will. A Debit Card allows you to withdraw cash from ATMs at your convenience.

  • Facilitates Digital Transactions

    Your Savings Account can facilitate digital payments by way of Debit Cards, NetBanking, or UPI. Digital banking platforms allow electronic fund transfers between accounts.

  • Automated Debits

    You can enable the auto-debit facility in your Savings Account for various investments, utility bill payments, and loan repayments via Equated Monthly Installments (EMIs).

  • Insured Savings

    A Savings Account offers a secure way of placing money. Also, your account deposits are insured by the RBI-owned Deposit Insurance and Credit Guarantee Corporation (DICGC) for up to ₹5 lakh.


Things to Keep in Mind When Opening an Digital Savings Account with HDFC Bank

When opening a Digital Savings Account, you must consider the following factors:

  • Minimum Initial Deposits

    You may have to pay a certain specific amount as a deposit to activate your Digital Savings Account. The amount can vary depending on the Savings Account variant.

  • Average Monthly Balances

    You may have to maintain a specific balance in your Savings Account every month. Otherwise, the bank will levy penalties for non-maintenance of account balance.

  • Limits on Transactions

    The bank may impose limits on the frequency and value of transactions for your Digital Savings Account. Exceeding those limits can result in penalties.

  • Fees & Charges

    Ensure you peruse the schedule of fees and charges associated with your Savings Account variant. Such information is readily available on the bank website.

HDFC Bank Savings Account FAQs

  • What is a Digital Savings Account?

    A Digital Savings Account is a bank account opted for by many who wish to save a certain part of their earnings. It is a type of bank account wherein you can park your funds, earn interest on the same, and also withdraw money at any time. It provides the convenience of liquid funds.

  • How can one open a Digital Savings Account online?

    The online Savings Account opening process is simple and easy. Click here to begin your online bank account opening process, right from the comfort of your home. At HDFC Bank, you can also opt for the Video KYC (Know Your Customer) facility to avoid an in-person visit to the bank branch.

  • What are the different types of Digital Savings Accounts?

    There are different types of Digital Savings Accounts one can opt for at HDFC Bank, such as Regular Savings Account, DigiSave Youth Account, Women's Savings Account, and Senior Citizens Savings Account, to name a few. The saving bank account variants are designed to meet the needs of our varying customer groups.

  • What is the minimum balance requirement in a Digital Savings Account?

    The minimum balance requirement or average monthly balance (AMB) requirement varies with the type of Digital Savings Account chosen by the customer as well as the location of the account holder. For instance, a minimum initial deposit of Rs 7500 for metro/urban branches, Rs 5,000 for semi-urban branches, and Rs 2,500 for rural branches is required to open an HDFC Bank Regular Savings Account.

  • What is the interest rate on a Savings Account?

    Usually, banks in India offer interest rates of anywhere between 3.5% to 7% on Savings Accounts. Take a look at the table below to get an idea of the interest rates on offer on an HDFC Bank Savings Account:

Savings Bank balance

Revised Rate w.e.f 11th June, 2020

Rs. 50 lakh and above


Below Rs 50 lakh



Savings Account interest will be calculated on the daily balances maintained in your account.

> Savings Account interest will be paid at quarterly intervals.

  • How can one transfer money from a Digital Savings Account?

    There are a couple of ways to transfer money from your saving bank account. Firstly, you can use a banking mobile app to transfer funds almost instantly, from your Digital Savings Account to that of another individual. Then there is the option of using NetBanking facility to transfer money quickly and easily via the digital mode. You also have the option of visiting a bank branch in person and transferring funds from your bank account.

  • How can one choose the best savings bank account?

    Choosing a Digital Savings Account that suits your individual needs is extremely important. At HDFC Bank, you can compare different saving bank account variants available to our customers and pick the one that best suits your requirements. The main things to consider are the interest rates on offer, the minimum monthly balance requirements, and various requirements pertaining to cash withdrawal.

  • What are the documents required to open a Savings Account online?

    Listed below are the documents one must keep handy when applying for an HDFC Bank Savings Account:

> Identity Proof (driver’s license, passport, etc.)

Address Proof (driver’s license, passport, etc.)

PAN card

Form 16, which is a certificate issued by the applicant’s employer, asserting that TDS has been deducted from your salary. This is needed here if the applicant does not have a PAN card.

Two recent passport-sized photographs

Here is a list of acceptable identity/address proof documents:

  • Valid Passport

  • Voter's Identity Card issued by the Election Commission of India

  • Valid Permanent Driving License

  • Aadhaar

  • Job card issued by NREGA duly signed by an officer of the State Government
  • Letter issued by the National Population Register containing details of name and address

Online account opening can be easily done through Aadhaar, PAN Card, and an operational mobile number.