HDFC Bank Regular Savings Account

HDFC Bank Regular Savings Account
Monthly Average Balance (MAB)
  • Rs. 10,000 for urban and metro branches
  • Rs. 5,000 for semi-urban branches
  • Rs. 2,500 for rural branches
Interest Rate 3.00% to 3.50%
Debit Card
  • Rupay Premium
  • Millenia

HDFC Bank Regular Savings Account provides customers with basic banking facilities, with Demat and Fixed Deposit options. You will receive Rupay Premium Debit Card and Millenia Debit Card. On this savings bank (SB) account, you can pay bills, opt for a safe deposit locker, and savings schemes. You will receive personalized cheque books, and 4 transactions free every month for deposits and withdrawals. This savings account is also available for minors over 10 years of age.

In this post, we will discuss the Regular HDFC Bank Savings Account features, eligibility criteria, minimum balance, interest rate, documents required, fees and charges, and FAQs.

Features of HDFC Bank Regular Savings Account

Here are the features of this HDFC Bank Savings Account:

  • Net banking, mobile banking, and phone banking to check account balance, stop cheque payments, pay utility bills, and more.
  • Free passbook and email statement. Personalized cheques wherein each cheque leaf will contain your name.
  • BillPay to pay utility bills. You can even pay online or by phone by setting instructions for payments.
  • No AMC (Annual Maintenance Charges) for the first year is waived off for the first Demat Account.
  • Get attractive offers on Rupay Premium Debit Card and Millennia Debit Card.
  • You can also choose a debit card of any other type as per your lifestyle needs.
  • Get exclusive discounts and offers on SMARTBUY for shopping.
  • Get a super saver facility and a safe deposit locker.

Eligibility Criteria for HDFC Bank Regular Savings Account

Here are the eligibility norms for HDFC Bank Savings Account:

  • Hindu Undivided Families
  • Resident individuals for sole or joint account
  • Minors over 10 years of age for a self-operated account with ATM/Debit Card
  • Foreign Nationals residing in India for 180 days or more with valid Visa, Passport, Residential Permit, and Foreign Regional Registration Office certificate

Minimum Balance Requirements for HDFC Regular SB Account

Here are more details:

  • The minimum deposit amount initially into the savings account is Rs. 10,000. This is for urban branches. The same is Rs. 2,500 for rural branches and Rs. 5,000 for semi-urban branches.
  • You have to necessarily maintain the specified average balance for the month or a Fixed Deposit of Rs. 10,000 for tenure 1 year and 1 day.

HDFC Bank Regular Savings Account Interest Rate

Here are more details on HDFC Bank Savings Account Interest Rate:

  • The interest rate is calculated on the daily balance you maintain in the account.
  • You will receive the accumulated interest amount at quarterly intervals.
  • The rate of interest applicable on account balance lower than Rs. 50 lakhs - 3.00%.
  • The rate of interest applicable on account balance over Rs. 50 lakhs – 3.50%.

Documents for HDFC Bank Regular Savings Account

Here are the documents you need to open the SB account:

  • Address proof and Identity proof such as Aadhaar Card, PAN Card, Passport, Voter ID Card, Driving Licence.
  • PSUs, scheduled commercial banks.
  • Passport size photographs (latest)
  • Identity card by central or state government body.
  • NREGA Job Card.

Fees and Charges for HDFC Bank Regular Savings Account

Here are the charges for HDFC Bank Savings Account:

Features Charges
Minimum AMB (Average Monthly Balance)
  • Rs. 10,000 for urban and metro branches
  • Rs. 5,000 for semi-urban branches
  • Rs. 2,500 for rural branches or maintain Rs. 10,000 worth Fixed Deposit for 1 year and 1 day as the minimum tenure
Non-maintenance of AMB
AMB Slabs Semi-Urban Metro and Urban
>= Rs. 7,500 to < Rs. 10,000 NA Rs. 150
>= Rs. 5,000 to < Rs. 7,500 NA Rs. 300
>= Rs. 2,500 to < Rs. 5,000 Rs. 150 Rs. 450
Rs. 0 to < Rs. 2,500 Rs. 300 Rs. 600
Average Quarterly Balance Slabs Non-maintenance Charges for Rural Branches
>= Rs. 1, 000 < Rs. 2,500 Rs. 270
Rs. 0 - < Rs. 1000 Rs. 450
Cheque book
  • Every financial year, you are eligible for a cheque book of Rs. 25 leaves. After this, for every additional cheque book, you have to pay Rs. 75
  • For senior citizens, a cheque book of 25 leaves is free every financial year. After this a fee of Rs. 2 is applicable for every additional cheque leaf
Non-IVR Phone Banking Free
ATM card Free
Replacement of ATM Card Rs. 200
InstaPay No charges
InstaAlert
  • Every quarter you have to pay Rs. 3.
  • For those who selected email addresses as the delivery channel, they do not have to pay any charges.
IMPS No charges
ECS/ACH (Debit) Return Rs 500 per instance + taxes

Frequently Asked Questions for HDFC Bank Savings Account

Here are the FAQs:

These fees will also apply to the applicable taxes:

Debit Card Type Annual/Renewal Fee Issuance Fee Replacement Charges
Regular Card Rs. 150 Rs. 150 Rs. 200 + applicable taxes
EasyShop Titanium Rs. 250 Rs. 250 -
EasyShop Titanium Royale Rs. 400 Rs. 400 -
Rupay Premium Rs. 200 Rs. 200 -
EasyShop Woman's Advantage Rs. 200 Rs. 200 -
EasyShop Platinum Rs. 750 Rs. 750 -
Rewards Card Rs. 500 Rs. 500 -

Here are the details:

MC/DD Issuance
Rs. 50 for up to Rs. 10,000 Up to Rs. 10,000 - Rs. 50/- Subject to minimum Rs. 75 and Rs. 10,000 on the complete amount as maximum fees, you have to bear Rs. 5 per Rs. 1,000 on any amount over Rs. 10,000
For Senior Citizens
Rs. 45 for up to Rs. 10,000
DD Request on Net Banking
Rs. 50 + corr. Bank charges for up to Rs. 10 lakhs
Rs. 50 + corr. Bank charges for third-party DD of up to Rs. 1 lakh
Subject to minimum Rs. 50 and Rs. 10,000 maximum fees, you have to bear Rs. 5 per Rs. 1,000 or part thereof on any amount over Rs. 10,000

Here is more information:

ATMs of HDFC Bank ATMs of Other Banks
The first 5 financial transactions are free across all cities per month In the top 6 cities (Mumbai, Chennai, New Delhi, Hyderabad, Kolkata, and Bengaluru) first 3 financial and non-financial transactions are free per month
No charges for non-financial transactions The First 5 financial and non-financial transactions free per month for non-top 6 cities

Charges will apply over and above the free limit. Rs. 20 + taxes per transaction are for cash withdrawal. Rs. 8.5 + taxes per non-financial transaction at ATMs of other banks.

Here is more to know:

  • No charges at any branch per month for an amount up to Rs. 2.5 lakhs
  • Rs. 5 per Rs. 1,000 or part thereof for above Rs. 2.5 lakhs free limit. This is subject to Rs. 150 as minimum fees
  • Rs. 25,000 for third-party cash transaction as maximum limit per day

Here are the details:

  • Every month you can get 4 free cash transactions
  • Rs. 150 will apply per transaction from the 5th transaction