HDFC Bank Savings Account

Last Updated : Feb. 14, 2025, 12:35 p.m.

HDFC Bank is one of the most sought-after commercial banks in India. It has a wide reach and numerous branches spread across India. It provides cutting-edge banking solutions and is also reputed for customer satisfaction. The bank provides a relationship manager to each customer which in turn results in easy and convenient banking. In this article, we will take a look at the HDFC Bank savings account products offered by HDFC Bank. We will also understand the benefits of each and the features that set the account apart.

HDFC Bank Savings Account Interest Rates July 2025

Types of HDFC Bank Savings Account

Below are the types of savings accounts you can opt for at HDFC Bank. You can choose the best one that caters to your needs.

Regular Savings Account: This is the regular savings account.

• Safe deposit locker.
• Exclusive offers on online shopping.
• Mobile and net banking services.
• Free Demat account for the first year.
• Customised cheques for enhanced security.

Senior Citizen Savings Account: If you are a senior citizen account, you can avail of different investment and banking feature benefits.

• Senior citizens enjoy a preferential interest rate on fixed deposits .
• Free Demat account for the first year.
• Free debit card.
• Account holders above 70 years, can avail of doorstep banking.
• Accidental hospitalisation coverage of up to Rs. 50,000 per year.
• Death cover of up to Rs. 5 lakh.

Max Savings Account: These accounts can earn higher interest rates even if idle by using the auto sweep-out facility. Minors above 10 years of age are eligible to use this account.

• Insurance up to Rs. 3.29 crore.
• Free demand drafts of up to Rs. 1 lakh.
• Free Demat account for the first year.
• 50% discount on locker rental.
• Free Platinum Debit Card.

Digi Saving Account: This account is aimed at the young generation aged between 18 to 25 years. It is a tech-savvy banking experience.

• Free Demat account for the first year.
• Daily shopping limit of up to Rs. 3 lakh at merchant outlets and online portals.
• ATM withdrawal limit of up to Rs. 25,000.
• Up to Rs. 3,000 cashback every year.
• Education loans and Forex Cards are available at discounts.

Women's Savings Account - This account is designed to provide complete banking solutions to women. Foreign nationals who are residing for more than 180 days in India are eligible to opt for this account.

• Accident cover of up to Rs. 10 lakhs.
• Personal death cover of up to Rs. 5 lakhs.
• Accidental hospitalisation cover of up to Rs. 1 lakh.
• Free Demat account for the first year.
• Daily withdrawal of Rs. 25,000 from.
• EasyShop Woman's Advantage Debit Card.
• POS limit of up to Rs. 2.75 lakhs daily.

Kids Advantage Savings Account - This is one of the top savings accounts for minors .This savings account aims to encourage finance management skills among kids while simultaneously building their money for the future.

• Education insurance coverage of up to Rs. 1 lakh is available.
• Standing instructions can be set for monthly fund transfers from parents to kid’s accounts.
• Free international debit card and ATM.
• If the balance exceeds Rs. 25,000 and reaches Rs. 35,000, the sweep-out facility automatically transfers the fund to an FD.
• Minors up to 18 years of age are eligible if their parents have a savings account at HDFC Bank.

HDFC Bank Savings Account Benefits

• Internet and mobile banking facilities.
• Door-to-door banking for senior citizens.
• Wide ATM networks.
• Attractive interest rates.
• Monthly statements and emails from the bank.
• Personal bank relationship manager.

Documents Required for HDFC Bank Savings Account

The documents required to open a savings account in HDFC Bank are identity proof, address proof and photographs. Here is a list of documents:

Proof of Identity:

• Aadhar Card
• PAN Card
• Voter ID
• Passport
• Company ID Card in case of some companies

Proof of Residence:

• Telephone Bill
• Electricity Bill
• Passport
• Ration Card
• ITR returns

HDFC Bank Savings Account Charges & Fee

Below are some charges levied by HDFC Bank for services provided.

What is the Minimum Balance for an HDFC Bank Savings Account?

Here is a table for the minimum account balance to be maintained at HDFC Bank:

How to open a Savings Account in HDFC Bank?

To open a savings account, you can use either online or offline mode. Let us take a look at the steps of the application process.

Online:

Step 1: Go to the bank’s website, you can also download the HDFC app.

Step 2: Choose the type of savings account as needed. Check eligibility and click the ‘Open Instantly’.

Step 3: Validate your mobile number with an Aadhar card .

Step 4: Provide documentation and complete KYC on video for verification.

Step 5: Once your details are verified, your account will be activated.

Offline:

Step 1: Visit the nearest HDFC branch.

Step 2: Fill out the application for the savings account you want to open.

Step 3: Provide your ID and address proof.

Step 4: Deposit the minimum balance required.

Step 5: Your account will be activated.