HDFC BSBDA Small Account

HDFC BSBDA Small Account
Minimum Average Balance Not required
Interest Rate 3.00% to 3.50%
Debit Card Free RuPay Debit Card
Eligible Customers Those who have not completed KYC and the ones who do not have an existing relationship with HDFC Bank

HDFC BSBDA (Basic Savings Bank Deposit) Small Account gives access to almost every banking service such as Debit Card, chequebook, passbook, NEFT, RTGS, net banking, phone banking, mobile banking, Demand Drafts, and a lot more. You can open this account despite not having complete KYC. But you need to submit the same within 24 months of account opening. For balance lower than Rs. 50 lakhs, the applicable interest rate is 3.00%. The interest rate is 3.50% for a balance over Rs. 50 lakhs. The interest is calculated daily and credited quarterly.

In this post below, we will discuss HDFC Bank BSBDA Small Account features, eligibility criteria, fees and charges for the savings account, and FAQs.

Features of HDFC BSBDA Small Account

Here are the features of this HDFC Bank Savings Account:

  • You receive a free RuPay Debit Card for account access.
  • Make free cash deposits at ATMs and branches within the specified limits.
  • Individual account holders get a free passbook.
  • Free email statements and lifetime BillPay.
  • Avail of 4 free withdrawals every month. This includes NEFT/RTGS (branch), cash withdrawals at ATMs/branches, fund transfers, clearing, Standing Instructions, internet debits, POS transactions, EMIs, and more.
  • If the withdrawals exceed 4 times in a month on any mode, then charges will apply depending on the type of transaction.

HDFC BSBDA Small Savings Account Eligibility Criteria

Here are the eligibility norms for HDFC Basic Savings Bank Deposit Small Account:

1. Who Can Apply?

  • A resident individual who does not have complete KYC.
  • It means that as an applicant, you must not have photo ID proof and address proof as per the bank’s accepted list of documents.
  • You do not have an existing banking relationship with HDFC.

2. KYC Norms

  • You have to submit the evidence that you have applied for KYC documents as per the acceptable ones by the bank.
  • This is necessary to be done within 12 months of opening the account.
  • Also, you must consent to provide the actual and valid KYC (photograph, address proof, identity proof) which is accepted by the bank, within 24 months of opening the account.

3. Operating the BSBDA Small Account

  • As a holder of HDFC Basic Savings Bank Deposit Small Account, you must adhere to certain transactional limits.
  • The total credit in your account should never go over Rs. 1 lakh at any time.
  • Or, in a month the total transfers and withdrawals must not exceed Rs. 10,000.
  • The total account balance must never go beyond Rs. 50,000 at any time.
  • In case the account balance goes over Rs. 50,000, then you cannot undertake any more credit transactions, till the balance does not get lower than Rs. 50,000.
  • In a financial year, if the credits’ aggregate exceeds Rs. 1 lakh, then you cannot undertake any other credit transactions till the financial year’s end.
  • If you exceed the limit of Rs. 10,000 per month for transfers and withdrawals, then you cannot perform any other debit transactions till the calendar month’s end.

Fees and Charges of HDFC BSBDA Small Savings Account

The transaction and service charges will apply for the current month. The same will be according to the average monthly balance you maintain the acc. for the last month. The fees for HDFC Basic Savings Bank Deposit Small Account are exclusive of taxes and shall attract GST as applicable.

HDFC BSBDA Small Account Particulars Fees and Charges
Minimum Average Balance Not required
Non-maintenance of AMB No penalties
Interest Certificate Rs. 50
TDS Certificate Free
Balance Enquiry at Branch Free
Balance Certificate
  • Free for the current year
  • Rs. 50 for the previous year
Passbook issuance Free
ATM/Debit Card Transaction Charge
  • Rs. 20 + taxes per transaction for cash withdrawal
  • Rs. 8.5 + taxes per non-financial transaction at only non-HDFC Bank ATMs
Issuance of a Duplicate Passbook Rs. 100
Chequebook
  • Get 25 cheque leaves free per financial year
  • Rs. 75 per additional chequebook of 25 leaves
Local Clearing Zone – Cheque Collection Free
Managers Demand Draft/Cheque – Revalidation/Cancellation
  • Rs. 100
  • No charges otherwise for the same if the amount is up to Rs. 1,000
Deposited Cheques That Are Returned Unpaid Per instance, it is Rs. 200
Return Charges for Local Cheques Drawn on the Bank
  • If the said is due to funds transfer, the cost is Rs. 350
  • If the same is because of insufficient funds, the cost is Rs. 500
  • If the reason is a technical failure, then per instance the cost is Rs. 50
Standing Instructions Per transaction, it is Rs. 25 + remittance charges
Rejection of Standing Instruction Per instance it is Rs. 100
Confirmation of Address Per instance it is Rs. 50
Photo Attestation
  • No charges for senior citizens
  • Otherwise, per instance it is Rs. 100
Closing of Account from the Date of Opening
  • No charges for up to 14 days
  • Rs. 500 for regular customers and Rs. 300 for senior citizens if acc. closed after 14 days and up to 12 months
  • No charges beyond 12 months
Duplicate/Ad Hoc Statements Issuance Physical Copy:
  • Rs. 100 at branch
  • Rs. 75 for phone banking (non-IVR)
  • Rs. 50 for mobile banking, ATM, and net banking
Soft Copy:
  • No charges for e-Statement on registered email ID
  • No charges for current and previous year statement generated through net banking
For Senior Citizen
  • Rs. 50 at branch
  • Rs. 50 through phone banking (Non-IVR)
  • Rs. 30 through ATM, net banking, phone banking (IVR), and mobile banking
Cheque Stop Payment Requested by Customer
  • Rs. 100 for the particular cheque
  • But it is free if requested through net banking
  • Rs. 200 for a range of cheques, which is again free through net banking
Dormant Account Activation Free
Local Cheque Deposit for Outstation Account Free
ATM / RuPay Debit card No charges
Phone Banking – IVR/Non IVR No charges
Unarranged Overdraft Per occasion it is Rs. 100 + 18% interest per annum
Replacement of ATM Card Per instance, it is RS. 200
Copy of Paid Cheques/Old Records
  • Rs. 50 per record for up to 1 year
  • Rs. 100 per record over 1 year
InstaPay Per transaction, it is Rs. 10
BillPay, RTGS – Inward, NEFT Charges – Inward, Net Banking, Mobile Banking Free
Visa Money Transfer Per transaction, it is Rs.5
InstaAlert
  • Those who have selected the delivery channel as email will pay no charges
  • Otherwise, it is Rs. 15 per quarter
Returning the ECS/ACH (Debit) Per instance, it is Rs. 500 + taxes
Request for IPIN re-generation for physical dispatch at the branch Per instance it is Rs. 100
Online/Physical Mandate Authorization (One-time) Per instance it is Rs. 100
Request for TIN re-generation for physical dispatch at the branch Per instance it is Rs. 50
Any deliverable returned by courier because of negative reasons like no such address/consignee shifted/no such consignee, etc. Per instance it is Rs. 50
NEFT – Outward
  • Per transaction it is Rs. 2 for up to Rs. 1 lakh
  • Rs. 10 per transaction for above Rs. 1 lakh
RTGS – Outward (Branch) Rs. 15 per transaction for Rs. 2 lakhs and above
NEFT for Indo-Nepal Transactions

Nepal State Bank Ltd. Account of the Customer: Rs. 20

Customers for the non-bank account:

  • Rs. 70 for up to Rs. 5,000
  • Rs. 95 for above Rs. 5,000

Frequently Asked Questions about HDFC Bank BSBDA Small Account

HDFC Basic Savings Bank Deposit Small Account FAQs:

Rs. 20 is chargeable for Debit Card transactions on non-HDFC Bank international ATM. The bank will apply a cross-currency mark-up of 3.5% on transactions of foreign currency. The VISA/Master Card exchange rate applies during a transaction. Rs. 50 is for PIN regeneration.

Charges for a cheque drawn at bank locations for a regular savings account:

  • Rs. 25 for all areas and Rs. 20 for senior citizens and rural branches for an amount up to Rs. 5,000.
  • Rs. 50 for all areas and Rs. 40 for senior citizens and rural branches for an amount between Rs. 5,001 and Rs. 10,000.
  • Rs. 100 for an amount between Rs. 10,001 and Rs. 1 lakh.
  • Rs. 150 for Rs. 1,00,001 and above

At non-CTS locations, cheques drawn on Speed Clearing Branches:

  • No charges for an amount up to Rs. 1 lakh.
  • Rs. 140 per instrument for an amount Rs. 1,00,001 and over.
  • No charges for cheques drawn on Speed Clearing Branches at CTS locations.

The same charges apply for cheques drawn on non-branch locations for a regular savings account. There are no charges for cheques drawn on Speed Clearing Branches at CTS locations. For cheques drawn on speed clearing branches at non-CTS locations, no charges for up to Rs. 1 lakh. The charges are Rs. 140 per instrument for an amount of Rs. 1,00,001 and over.

Free and unlimited deposits. You can make 4 withdrawals maximum in a month free-of-cost through any mode such as cash at ATM, IMPS, branch, NEFT, Clearing, RTGS, MC/DD issuance, etc. From the 5th instance onward, the fee is according to the type of withdrawal mode:

  • Cash withdrawal at non-home or home branch for self/third party from the 5th transaction onward is Rs. 150 per instance + taxes.
  • For transactions for third-party cash, the per-day maximum limit is Rs. 25,000. Above this amount, the bank does not allow the transaction.

The charges are Rs. 50 + charges as given below:

  • Rs. 10 for up to Rs. 500
  • Rs. 15 for above Rs. 500 to Rs. 1,000
  • Rs. 25 for above Rs. 1,000 to Rs. 5,000
  • Rs. 30 for above Rs. 5,000 to Rs. 10,000
  • Rs. 5 per Rs. 1,000 or part thereof for above Rs. 10,000 (minimum and maximum Rs. 75 and Rs. 10,000, respectively)

Issuance Charges for DD/MC Through Branch:

  • For up to Rs. 10,000, it is Rs. 50. For over Rs. 10,000, it is Rs. 1 per Rs. 1,000 or total amount. The minimum and maximum charges are Rs. 75 and Rs. 10,000, respectively.
  • The bank accepts a DD amount of up to Rs. 1 lakh through phone banking for Imperia/Preferred and other customers up to Rs. 50,000.
  • Charges for DD request through net banking for up to Rs. 10 lakhs are Rs. 50 + corr. Bank charges. For DD up to Rs. 1 lakh (third-party) it is Rs. 50 + corr. + bank charges.

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