Features of Savings Account
Although a simple form of savings, a Savings Account comes with notable features:
- Attractive interest earnings
With a Savings Account, you can make your hard-earned money work for you with our attractive Savings Account interest rates. With HDFC Bank, you can avail of interest rates of up to 3.50% for balances of and exceeding ₹50 lakh and 3.00% for account balance less than ₹50 lakh*.
- Online banking provisions
Our NetBanking and Mobile Banking platforms allow you to access and manage your Savings Bank Account facilities, regardless of the geography. With our online banking platforms, you can check your account balance, view account statements, request chequebooks, open Fixed Deposits and more.
- Debit Card facilities
You can avail of a secure Debit Card with your HDFC Bank Savings Account. The Debit Card allows you to pay for online and offline spends and withdraw cash from ATMs. What’s more, our Debit Cards also come with various insurance benefits that differ across card variants.
- Quick fund transfers
You can send money to other bank accounts at any time and from any place, thanks to online banking. We facilitate online fund transfers via National Electronic Fund Transfer (NEFT), Real Time Gross Settlement (RTGS), Immediate Payment Service (IMPS) and Unified Payments Interface (UPI).
- Convenient bill payments
Long queues for paying bills are a thing of the past, thanks to our swift and secure online bill payment interface. With our NetBanking and MobileBanking platform, you can pay utility bills instantly, be it electricity, water, property tax, etc. Plus, you can provide standing instructions to automate recurring bill payments.
Documents Required for Opening An Online Savings Account
You will need the following documents to open a Savings Account online:
- Duly filled out account opening form
- Recent passport sized photographs
- ID and address proof
- Aadhaar or E-Aadhaar letter issued by the Government of India
- Permanent Account Number (PAN)
- Voter ID
- Valid driver’s license
- Valid passport
- ID card issued by state or central governments, public sectorundertakings (PSUs) and scheduled commercial banks
- National Rural Employment Guarantee Act (NREGA) job card
In some cases, foreign nationals may be able to open a Savings Account in India. Foreign nationals will have to submit the following documents:
- Valid passport
- Valid visa
- Residence permit
Foreign Regional Registration Office (FRRO) certificate
Savings Account Eligibility
The following entities can open a Savings Account with HDFC Bank:
- Resident individuals (can open and operate the Account solely or jointly)
- Members of Hindu Undivided Families (HUF)
Minors above 10 years of age can open and self-operate a Savings Account and get access to ATM/Debit Card facilities. Also, foreign nationals residing in India for more than 180 days are eligible to open a Savings Account.
