The HDFC Bank offers a wide variety of savings account with unique features and benefits that can be availed easily and conveniently. The customers have options to make the best choice for their savings depending on what best suits their requirement. There are personal relationship managers who help you at each step on the way. Let us talk about the different savings accounts offered by HDFC Bank and their respective interest rates, minimum balance requirements and further details.
1. SavingsMax Account
This type of savings account offers 4% interest per annum. Minimum balance requirement is Rs 25,000. The SavingsMax Account holder is issued a Titanium Royale Debit Card. So, if the funds remain idle in the bank, through the sweep out facility, higher interest rates can be gained.
2. Regular Savings Account
This type of savings account offers 4% interest per annum. Minimum balance requirement is Rs 10,000 in urban branches, Rs 5000 in semi-urban branches and Rs 2500 in rural departments. The Regular Savings Account holder is issued an international debit card. This account is to comply with your regular banking requirements.
3. Women's Savings Account
This type of savings account again offers 4% interest per annum. Minimum balance requirement is Rs 10,000 in urban branches and Rs 5000 in Semi-urban branches. The Women's Savings Account holders are issued an EasyShop Women's Advantage debit card. This banking solution is perfect for the women to comply with their lifestyle, investment and financial needs.
4. Kids Advantage Account
Here also the interest rates earned are 4% per annum. Minimum balance requirement is Rs 5000. The account holder is offered an ATM or international debit card. This is an excellent method to create savings for your kids and secure their future.
5. Senior citizen account
The deposits in the account earn 4% interest. Minimum balance requirement for this type of account is again Rs 5000. The account holder is issued an EasyShop International Debit card. This account helps senior citizen meet their daily health, investment and other financial requirements.
6. Family Savings Group Account
This type of savings account offers 4% interest per annum. Minimum balance requirement is Rs 40,000. The Family Savings Group Account holders are issued an EasyShop International Debit Card. This bank account is perfect to meet the financial needs of your family together.
7. Basic Savings Bank Deposit Account
With no minimum balance requirement, the account holder earns an interest of 4% per annum. The account holder is issued a RuPay Card. This account is mainly to solve your daily requirements.
8. Institutional Savings Account
The Institutional Savings Account holder earns 4% interest and does not require holding any minimum balance. He is offered a business debit card to comply with the purposes of business at the Bank. This is a perfect match for trusts, NGOs, associations, clubs, etc.
9. BSBDA Small Account
The BSBDA Small Account holders again earn 4% interest rate with no minimum balance requirement. The account holder is issued a RuPay debit card.