HDFC Bank Savings Account – Types, Benefits & Interest Rates
HDFC Bank’s Savings Account offers a secure way to manage money while earning interest on your deposits. Choose between basic accounts with no minimum deposit or premium options with extra benefits like free ATM transactions and exclusive debit card offers. HDFC Bank Savings Account interest rates across all account balances is 2.50% p.a.
Customers benefit from high liquidity, allowing for easy access to their funds at any time, and personalised assistance through a dedicated Relationship Manager. HDFC Bank also offers seamless access to your account through its digital banking services, including NetBanking, Mobile Banking, and Phone Banking. Interest is earned on the daily balance and credited monthly or quarterly. HDFC Bank accounts come with additional perks such as cashback offers and insurance benefits. The bank’s premium Savings MAX Account, for instance, provides unlimited free ATM transactions.
Opening an HDFC Bank Savings Account is quick and easy through the Insta Account process, which enables a fully digital experience via the HDFC Bank app or website. Customers can also complete their KYC formalities remotely with the Video KYC facility, making banking more convenient than ever.
Interest Rates on HDFC Bank Savings Bank Deposits:
The following table outlines the interest rates applicable to HDFC Bank's domestic, NRO, and NRE savings accounts, effective as of 24 June 2025.
Savings Account Balance | Rate of Interest |
Across all Account Balances | 2.50% p.a. |
Note: Interest on your savings account is calculated based on the daily balance in the account
HDFC Bank Savings Account Interest Rates & Minimum Balance Required:
Refer to the table below for minimum balance requirements across various HDFC Bank savings account types.
Types of Savings Account | Interest Rate | Minimum Balance Required |
2.50% p.a. | Rs.25,000 | |
2.50% p.a. | Rs.10,000 (urban branches) Rs.5,000 (semi-urban branches) Rs.2,500 (Rural Branches) | |
2.50% p.a. | Rs.10,000 (Urban branches) Rs. 5,000 (Semi Urban branches) | |
DigiSave Youth Account | 2.50% p.a. | Rs.5000 (Metro and Urban branches), Rs.2,500 (Semi Urban and rural branches) |
2.50% p.a. | Rs.5,000 | |
2.50% p.a. | Rs.5,000 | |
2.50% p.a. | Contact the bank | |
2.50% p.a. | Rs.2,500 (Average Half-yearly Balance) | |
2.50% p.a. | Rs.1 lakh Rs.4 lakh (FD Relationship) | |
2.50% p.a. | Not Required Rs.1 lakh (Metro, Urban, Semi Urban, or Rural) Rs.4 lakh (FD Relationship) | |
2.50% p.a. | Not Required | |
2.50% p.a. | Not Required | |
Government Scheme Beneficiary Savings Account | 2.50% p.a. | Not Required |
*The Savings bank account is always available to the customers with facilities such as Mobile Banking, Phone Banking and Net Banking. Convenience to access funds have been raised with the presence of over 11,000 ATMs. The savings accounts range from regular savings account to premium saving options that enables substantial savings.
RFC Savings (for Returning NRIs) Interest Rate
GBP | USD | Euro | JPY |
0.01% | 0% | NA | NA |
Note: The above RFC Savings Account Interest rate is effective from 1 July 2017.
Interest Calculation
Interest is computed based on the daily closing balance of the account. Here is an example for a balance of Rs.1,00,000 at an interest rate of 2.50% per annum, the daily interest earned is approximately Rs.8.22.
This is calculated using the formula:
Daily balance × Interest rate × Number of days / 365
Over 30 days, the interest accumulated would be about Rs.246.58. This calculation assumes a consistent balance throughout the month and reflects the interest earned on a daily compounding basis.
Features and Benefits of HDFC Savings Account:
HDFC Bank’s Savings Accounts come with a wide range of features and benefits that cater to the varying needs of customers. Below are the key highlights:
Features
- High Interest Rates: Earn interest on your deposits based on the daily balance, credited monthly or quarterly.
- Debit Card Options: Choose from multiple debit cards, including premium cards, offering benefits like cashback, discounts, and insurance.
- Digital Banking: Access your account 24x7 through NetBanking, Mobile Banking, and Phone Banking for easy transactions.
- Unlimited ATM Access: Free, unlimited ATM transactions at HDFC Bank ATMs with premium accounts like Savings MAX.
- Video KYC: Open and verify your account remotely using HDFC Bank’s Video KYC service, eliminating the need for a branch visit.
- Zero Balance Options: Certain accounts, like the Basic Savings Account, allow you to maintain a zero balance without penalties.
- Nominee Facility: Easily assign a nominee to your account for added security and convenience.
- Instant Account Opening: Open your account quickly with HDFC Bank's Insta Account process, a fully digital experience.
Benefits
- High Liquidity: Easily access your funds through ATMs or digital channels anytime without restrictions on withdrawals.
- Automated Payments: Set up auto-debit for utility bills, loan repayments, and investments, making managing your finances easier.
- Exclusive Offers: Enjoy exclusive deals, cashback, and discounts on various categories when you use your HDFC Bank debit card.
- Insurance Coverage: Get insurance benefits such as accident hospitalisation coverage and life insurance with specific savings accounts.
- Secure Savings: Deposits up to Rs.5 lakh are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC), providing peace of mind.
- Personal Relationship Manager: Premium account holders receive personalised banking support with a dedicated Relationship Manager.
- Wide ATM and Branch Network: Access over 5,000 branches and 15,000 ATMs across India, along with partner networks for hassle-free banking.
- Customised Accounts: Specialised accounts are available for various customer segments, such as Senior Citizens, Women, Minors, and Youth, offering tailored features.
Types of HDFC Bank Savings Account
1. HDFC Regular Savings Account
Particulars | Details |
Minimum Balance Requirement |
|
Additional Features | Includes netbanking, mobile banking, free passbook and email statements, access to safe deposit lockers, and special offers on HDFC credit cards. |
Eligibility Criteria |
|
ATM Charges & Monthly Withdrawal Limit |
|
Cheque Book Facility |
|
Debit Card Options | Offers multiple debit cards including Millennia, Money Back, Rupay Premium and Easy Shop Woman’s Advantage. |
2. HDFC Women’s Savings Account
Particulars | Details |
Minimum Balance Requirement | Average Monthly Balance of Rs.10,000 for Metro and Urban branches, and Rs.5,000 for Semi-Urban and Rural branches. |
Non-Maintenance Charges | Non-maintenance charges range from Rs.150 to Rs.600. |
Additional Features | Additional features include a free passbook and e-mail statement facility, two-wheeler loans at up to 3.5% lower interest rates, accidental death cover of Rs.10 lakh, accidental hospitalisation cover of Rs.1 lakh, and a daily shopping limit of Rs.2.75 lakh. |
Eligibility Criteria |
|
Monthly Withdrawal Limit |
|
Cheque Book Facility | Account holders are entitled to a free multi-city cheque book payable every six months, which includes 25 leaves. |
Debit Card |
|
3. HDFC Savings Max Account
Particulars | Details |
Minimum Balance Requirement | Average Monthly Balance of Rs.25,000 or a Fixed Deposit of Rs.1.5 lakh for Metro and Urban branches, and Rs.1 lakh for Semi-Urban and Rural branches. |
Non-Maintenance Charges | Non-maintenance charges range from Rs.300 to Rs.600. |
Key Benefits | Insurance coverage of up to Rs.3.29 crore, free demand drafts on HDFC Bank locations up to Rs.1 lakh per day, and a 50% discount on locker rental. |
Eligibility Criteria | Available to resident individuals (sole or joint accounts), Hindu Undivided Families (HUFs), foreign nationals residing in India, and minors above the age of 10 years for self-operated minor accounts. |
ATM Charges & Withdrawal Limit |
|
Debit Card |
|
4. HDFC Specialé Gold account
Particulars | Details |
Minimum Balance Requirement | Average Quarterly Balance of Rs.1 lakh or a Fixed Deposit of Rs.4 lakh |
Non-Maintenance Charges | Non-maintenance charges for both variants range from Rs.299 to Rs.999 per quarter. |
Eligibility Criteria | These accounts are available to Indian residents. |
ATM Charges & Withdrawal Limit |
|
Debit Card | Lifetime free HDFC Platinum Debit Card with unlimited free ATM transactions, daily domestic shopping limit of Rs.5 lakh, and daily domestic ATM withdrawal limit of Rs.1 lakh. |
5. HDFC DigiSave Youth Account
Particulars | Details |
Minimum Balance Requirement | Average Monthly Balance of Rs.5,000 for Metro and Urban branches, and Rs.2,500 for Semi-Urban and Rural branches. |
Non-Maintenance Charges | Non-maintenance charges range from Rs.150 to Rs.300. |
Key Benefits | 5% cashback up to Rs.100 per month on debit card standing instructions, insurance coverage of up to Rs.1.14 crore, special offers on education loans, and Dream Deposit feature starting from Rs.1,000. |
Eligibility Criteria | Available to resident individuals aged between 18 and 25 years, as a sole or joint account. |
ATM Charges | Five free financial transactions per month at HDFC ATMs and three free financial transactions per month at non-HDFC ATMs. |
Debit Card | Debit cum ATM card with a minimum annual fee of Rs.150. First year free for the MoneyBack Debit Card with a daily shopping limit of Rs.3 lakh and ATM withdrawal limit of Rs.25,000 per day. |
6. HDFC Senior Citizen’s Account
Particulars | Details |
Minimum Balance Requirement | Average Monthly Balance of Rs.5,000. |
Key Benefits |
|
Eligibility Criteria | Available to resident individuals aged 60 years and above, as sole or joint account holders. |
ATM Charges & Withdrawal Limit | Free transactions up to Rs.2 lakh per month and four free cash transactions per month. |
Debit Card | Different variants of debit cards are available for this account. |
7. HDFC Kids Advantage Account
Particulars | Details |
Minimum Balance Requirement | Average Monthly Balance of Rs.5,000. |
Key Benefits | Free education insurance cover of Rs.1 lakh, standing instructions for monthly fund transfers, Money Maximizer Sweep-out facility, free ATM/international debit card, and free passbook facility. |
Eligibility Criteria |
|
Cash Withdrawal Limit | Cash transactions allowed up to Rs.2 lakh per month without charges and four free cash transactions per month. |
Debit Card |
|
8. HDFC Basic Savings Bank
Particulars | Details |
Minimum Balance Requirement | There is no requirement for maintaining an Average Monthly Balance (AMB). |
Key Benefits | Free passbook, email statements, lifetime BillPay, and free TDS certificate on request. |
Eligibility Criteria |
|
Withdrawal Limit |
|
Debit Card | A free ATM/Rupay debit card is provided. |
9. HDFC Bank Super Kids Savings Account
Particulars | Details |
Minimum Balance Requirement | Average Monthly Balance of Rs.1,00,000 or a Fixed Deposit relationship of Rs.4,00,000. |
Key Benefits | Education insurance cover of Rs.5,00,000, promo and e-gift vouchers, standing instructions for monthly fund transfers, and Money Maximizer facility transferring funds above Rs.2,00,000 to a Fixed Deposit. |
Deposit & Transaction Benefits | Flexible deposits starting from Rs.1,000, free ATM transactions at HDFC and non-HDFC domestic ATMs, free passbook, and 25 free cheque leaves per financial year. |
Eligibility Criteria |
|
Cash Withdrawal Limit |
|
Debit Card |
|
Documentation Required
To open a Savings Account online with HDFC Bank, you will need the following documents:
- Duly filled account opening form
- Recent passport-sized photographs
- Proof of identity and address, such as:
- Aadhaar or E-Aadhaar issued by the Government of India
- PAN (Permanent Account Number)
- Valid driver’s licence
- Valid passport
- ID card issued by state or central government, public sector undertakings (PSUs), or scheduled commercial banks
- NREGA job card
- For foreign nationals, the required documents include:
- Valid passport
- Residence permit
- Foreign Regional Registration Office (FRRO) certificate
Eligibility
The following entities are eligible to open a Savings Account with HDFC Bank:
- Resident individuals (either solely or jointly)
- Members of Hindu Undivided Families (HUF)
- Minors above 10 years of age (can self-operate with access to ATM/Debit Card facilities)
- Foreign nationals residing in India for over 180 days
How to Open HDFC Bank Savings Account Online?
To open a Savings Account online with HDFC Bank, follow these steps:
Step 1: Visit HDFC Bank’s website and navigate to the 'Select Product Type' section. Click on 'Accounts'.
Step 2: Select 'Saving Account' from the 'Select Product' option.
Step 3: Click on 'Apply Online'.
Step 4: Validate your mobile number and choose the Aadhaar option for digital account opening. Alternatively, you can select 'Other OVD', which generates a reference number, and a branch staff member will contact you for account opening.
Step 5: Provide the required information, including your name, contact details, and address.
Step 6: Enter nominee details and proceed.
Step 7: Upload necessary documents, such as your PAN and Aadhaar card, or any other required documents.
Step 8: Complete the account activation through HDFC Bank’s Video KYC process.
Step 9: After verification, you will receive a welcome kit with your debit/ATM card, PIN, and chequebook.
How to Open HDFC Bank Savings Account Offline?
Here is how you can open an HDFC Bank savings account offline:
Step 1: Visit the branch of HDFC Bank.
Step 2: Request an account opening form and enter the requested information.
Step 3: Attach your address and identity proof documents.
Step 4: Make a minimum deposit into your account.
Step 5: Following the verification of your documents, your account will be activated.
How to Close an HDFC Savings Account?
Follow these 3 simple steps to close your HDFC savings account offline, as online it is not permitted:
Step 1: To close your HDFC savings account, make sure there is no pending amount to be settled with the bank or the negative account balance remains zero.
Step 2: You are required to download and fill up the account closure form with all the required details.
Step 3: Visit your nearest HDFC bank branch and submit the application form along with relevant documents.
HDFC Bank Savings Account Charges:
The following is the list of charges levied on the HDFC Bank Savings Accountholder for availing themselves for various services:
Services | Fees |
Cheque Book | Rs.100 per 25 leaves |
ATM Replacement | Rs.200 + taxes, as applicable |
Standing Instructions | Rs.25 + remittances |
Debit Card Charges | Rs.100 to Rs.150 |
HDFC Basic Savings Account for Farmers
This account is designed specifically for farmers to help them enter the financial industry by offering a zero-balance savings account with no minimum deposit. IVR phone banking is available for free to account holders. To promote paperless and convenient transactions and cash withdrawals, HDFC Bank provides account users with a free overseas debit card. Net banking, mobile banking, phone banking, and branch banking are all options for accessing the account.
Features:
The following are the features of Basic Savings Bank Deposit Account (Farmers):
- No initial deposit required to open the account
- No average monthly balance required
- There are no charges levied for non-maintenance of the account
- There are no charges levied for activating a dormant account
- Free international debit card
- First cheque book is free
- Cash deposits can be made free of charge with no limits
- Cash withdrawals are limited to 4 free per month and subsequently at Rs.50 plus tax per transaction
Who can open a Basic Savings Bank Deposit Account?
Only specific individuals can open the BSBDA offered by HDFC Bank:
- Individuals who are residents of India
- Individuals must be an agriculturist or farmer having their own agricultural land or must have income from agricultural resources
- They account can be opened solely or jointly
How to Open a Basic Savings Bank Deposit Account?
To open this account, individuals can approach a branch of HDFC Bank and submit the following documents:
- Photograph
- ID proof as per the acceptable list of KYC documents
- Address proof as per the acceptable list of KYC documents
- Basic Savings Bank Deposit Account customer declaration
HDFC Basic Savings Account Fees & Charges
The following table outlines costs associated with various banking services, including cheque charges, FD premature closure penalties, debit/ATM card replacement fees, and other miscellaneous charges:
Type | Details |
Cheque Charges | Up to Rs.5,000: Rs.25 Rs.5,001 to Rs.10,000: Rs.50 Rs.10,001 to Rs.1,00,000: Rs.100 Above Rs.1,00,000: Rs.150 |
FD Charges | Premature Closure: Interest rate will be 1% below the contracted rate or the applicable rate for the period the deposit has remained with the bank, whichever is lower. |
Debit/ATM Card Charges | Replacement: Rs.200 Additional Card Fee: Rs.200 (except where specified) |
Unarranged Overdraft | Rs.100 per occasion + 18% interest p.a. |
Activation of Dormant Account | No charges |
Address Confirmation | Free |
Photograph Verification | Rs.100 (Free for Senior Citizens) |
Standing Instruction Rejects | Rs.200 per instance |
Duplicate Passbook Issuance | Rs.100 (Rs.90 for Senior Citizens) |
The table below lists the minimum balance requirements, non-maintenance charges, account closure charges, and signature attestation charges for various HDFC Bank Savings Accounts.
Account Type | Minimum Balance Requirement | Non-Maintenance Charges | Account Closure Charges | Signature Attestation Charges |
Regular Savings Account | Metro/Urban: Rs.10,000 Semi Urban: Rs.5,000 Rural: Rs.2,500 | 6% of shortfall OR Rs.600 (whichever is lower) | Upto 14 days: Free 15 days to 1 year: Rs.500 Above 1 year: Free | Rs.100 |
Digisave Youth Account | Metro/Urban: Rs.5,000 Semi Urban & Rural: Rs.2,500 | 6% of shortfall OR Rs.600 (whichever is lower) | Upto 14 days: Free 15 days to 1 year: Rs.500 Above 1 year: Free | Rs.100 |
Women’s Account / Savings Mini | Metro/Urban: Rs.10,000 Semi Urban & Rural: Rs.5,000 | 6% of shortfall OR Rs.600 (whichever is lower) | Upto 14days: Free 15 days to 1 year: Rs.500 Above 1 year: Free | Rs.100 |
Senior Citizens Account | Rs.5,000 | 6% of shortfall OR Rs.600 (whichever is lower) | Upto14 days: Free 15 days to 1 year: Rs.300 Above 1 year: Free | Rs.90 |
Savings Max Account | Rs.25,000 OR FD relationshipMetro/Urban: Rs.1.50 lac Semi Urban/Rural: Rs.1 lac | 6% of shortfall OR Rs.600 (whichever is lower) | Upto14 days: Free 15 days to 1 year: Rs.500 Above 1 year: Free | Rs.100 |
Speciale Platinum | Rs.3,00,000 OR FD relationship of Rs.8 lac | 6% of shortfall OR Rs.600 (whichever is lower) | Upto 14 days: Free 15 days to 1 year: Rs.500 Above 1 year: Free | Rs.100 |
Speciale Gold | Rs.1,00,000 OR FD relationship of Rs.4 lac | 6% of shortfall OR Rs.600 (whichever is lower) | Upto 14 days: Free 15 days to 1 year: Rs.500 Above 1 year: Free | Rs.100 |
Speciale Senior Citizen | Rs.1,00,000 OR FD relationship of Rs.4 lac | Free | Upto 14 days: Free 15 days to 1 year: Rs.300 Above 1 year: Free | Rs.90 |
Family Savings Group | Rs.40,000 | 6% of shortfall OR Rs.600 (whichever is lower) | Upto14 days: Free15 days to 1 year: Rs.500 Above 1 year: Free | Rs.100 |
Saving Farmers Account | Semi Urban/Rural: Rs.2,500 | 6% of shortfall OR Rs.900 (whichever is lower) | Upto14 days: Free 15 days to 1 year: Rs.500 Above 1 year: Free | Rs.100 |
BSBDA / Institutional Savings / Govt. Scheme Beneficiary accounts | Zero Balance | Free | Upto14 days: Free 15 days to 1 year: Rs.500 Above 1 year: Free | Rs.100 |
Digital vs. Regular HDFC Savings Account
Feature | Digital Savings Account | Regular Savings Account |
Account Opening Process | Fully digital, paperless process through the bank's website or mobile app. Can be done via Video KYC | Requires a physical visit to the branch and manual submission of documents |
KYC Process | Completed online via Video KYC, enabling remote account opening | KYC is done by visiting the branch and submitting physical documents |
Account Activation | Instant activation upon completion of Video KYC | May take longer due to physical verification |
Convenience | 24/7 access to account opening via digital platforms (website/app) | Account opening dependent on branch timings and visits |
Initial Deposit | Usually lower or sometimes zero, depending on the bank's offer | Typically, higher or based on bank's policy |
Documentation | Upload documents digitally (PAN, Aadhaar, etc.) | Physical submission of documents at the branch |
Transaction Modes | Primarily digital through NetBanking, Mobile Banking, UPI, and Debit Card | Includes digital options but may also rely on cheque transactions and in-branch services |
Physical Bank Interaction | Minimal or none | Requires physical interaction with the branch for certain services |
Availability of Additional Features | Digital benefits like paperless banking, auto-debit, and easy fund transfers | Traditional banking features like passbook updates and branch services |
Savings Account Popular Pages
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
FAQs on HDFC Bank Savings Account
- How much interest can I earn from my HDFC Bank Savings Account?
The current interest rate offered on funds in a Savings Account is 2.50% per annum across all account balances. Interest will be credited to a customer's savings account on a half yearly basis. For any updates on the interest rates offered, kindly contact one of HDFC Bank's branches.
- Will my HDFC Savings Account be deactivated if it is not used for a long period of time?
The account is categorized as a dormant account if the customer does not initiate transactions through the account for two years or more. If the account becomes 'Dormant', then transactions like Net Banking, ATM, Phone Banking, etc. are not permitted by the Bank.
- Is it possible to activate my HDFC 'Dormant' Savings Account?
Yes. All you have to do is visit a branch of HDFC Bank and submit a written request for the activation of your account. You will have to provide proof of identity and residence as well. Once you initiate a transaction from your account, it will become activated.
- How can I add a nominee to my savings account in HDFC Bank?
In order to add a nominee to his/her savings account, a customer has to get an application form from one of the Bank's branches or download it from the official website, and submit the duly filled application form at your nearest HDFC branch.
- Can I transfer my Savings Account to another branch of HDFC Bank?
Yes. But in order to do so you have to submit an account transfer form, which is signed by all applicants. Your account number, debit card, cheque book, etc. remains the same.
- What is the maximum duration for which the Standing Instruction is valid, for a Kid's Advantage Savings Account?
Standing Instruction is a mandatory requirement while opening a Kid's Advantage Account, and this is valid for a minimum tenure of 1 year. In case you feel the necessity of continuing the same, all you need to do is place a request at the nearest HDFC Bank branch.
- Does the HDFC Institutional Savings Account come with a debit card?
Yes. Authorised signatories of the Institutional Savings Account are eligible for a Business Debit Card.
- Are unregistered institutions eligible to open an Institutional Savings Account?
No. Only registered societies, trusts, clubs, associations, etc. can open an Institutional Savings Account.
- Are foreign currency deposits accepted through Institutional Savings Accounts?
No. Institutional Savings Accounts can be used only for domestic transactions and not for foreign contributions. A separate FCRA account has to be opened for receiving foreign contributions.
- Can I switch my HDFC savings account from one type of account to another?
Yes, you can upgrade or switch to any other HDFC Bank savings account as per your requirement. To switch accounts, you need to visit the nearest HDFC Bank branch or call the customer care service to contact the relationship manager.
- What is the frequency with which interest is credited to my HDFC savings account?
Interest generated on the balance of your savings account with HDFC Bank is credited on a quarterly basis to your account.
- Do I need Aadhaar to create an account with HDFC Bank?
No, it is not mandatory to provide Aadhar to create a savings account with HDFC Bank.
- Can I open a savings account in HDFC with zero balance?
Yes, you can open a savings account in HDFC with zero balance, as some of the savings accounts with HDFC Bank offer a zero-balance maintenance facility along with unlimited cash withdrawals.
- What is the rate of HDFC saving account?
The interest rate of HDFC Bank savings account across all account balances are 2.50% p.a. respectively.
- What is the maximum limit for HDFC zero-balance account?
The maximum limit for a HDFC zero-balance account is Rs.50,000 and the threshold amount for fund transfer and withdrawal is Rs.10,000.
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