Keeping the different needs and priorities of the customers in mind, HDFC Bank offers a wide range of savings accounts. Each of the accounts offers unique banking features and privileges to the account holder. These savings accounts can be used to earn interest on the deposits and of course as the name suggests, save for the future.
Steps to Open HDFC Bank Savings Account
There are two ways to open HDFC Bank Savings Account, offline and offline. one may choose any of them according to their comfort. Below is a step by step guide about how to open HDFC Bank Savings Account, online and offline.
|Steps to Open HDFC Bank Savings Account Online|
|Steps to Open HDFC Bank Savings Account Offline|
HDFC Savings Account Interest Rate
|HDFC Savings Account Balance||Rate of Interest|
|Below Rs. 50 Lakh||3.00% p.a.|
|Rs. 50 Lakh and above||3.50 % p.a.|
The interest rate is fixed at 3.00% for balances below Rs. 50 lakh and 3.50% for balances of Rs. 50 lakh and above. The interest will be calculated on the daily balances maintained and will be paid at quarterly intervals.
Note: The interest rates are effective from 11th June 2020
Types of HDFC Bank Savings Account
Here are the types of savings accounts offered by HDFC Bank:
|Savings Max Account||Women’s Savings Account||Regular Savings Account|
|Senior Citizens Account||DigiSave Youth Account||Kids Advantage Account|
|Family Savings Group Account||Government/Institutional Savings Account||Basic Savings Bank Deposit Account (BSBDA)|
|Government Scheme Beneficiary Savings Account||BSBDA Small Account|
Documents Required for HDFC Bank Savings Account
To open an account in HDFC Bank, you will require certain documents that you need to keep handy:
|Documents Required for HDFC Bank Savings Account|
|Proof of Identity|
|Proof of Address|