What is the minimum balance for HDFC savings account?

What is the minimum balance for HDFC savings account?

Minimum Balance Requirements

Is HDFC savings account zero balance?

Some variants of HDFC Bank Savings Account also offer features like unlimited cash withdrawals at ATMs and zero-balance maintenance requirement, which further adds to the appeal of a Savings Account.. *Regular Savings, Women's, SavingsMax, Senior Citizens & DigiSave Youth account can be opened digitally.

Which HDFC account is best?

Which savings account is best?

Best Zero Balance Savings Account 2022

Does HDFC charges for low balance?

HDFC Bank charges a fee to the tune of ₹ 150-600 (excluding taxes) for insufficient balance in regular savings accounts held in its metro, urban and semi-urban branches.Rural Branches.

Which bank has lowest minimum balance?

IndusInd Bank - Indus Online Savings Account Any Indian citizen above the age of 18 years is eligible to open this savings account with no minimum balance. Transfer funds for free via NEFT, IMPS, and RTGS. Avail of WhatsApp banking services and a free passbook, chequebook, and debit card.

What if HDFC minimum balance is not maintained?

For insufficient balances in standard savings accounts held at HDFC Bank's metro, urban, and semi-urban branches, there is a fine of between Rs. 150 and Rs. 600 (excluding of taxes).16-Sept-2022

What is HDFC salary account?

By definition, a Salary Account is a type of Savings Account, in which the employer of the account holder deposits a fixed amount of money as 'salary' every month.

Which bank is best for opening account?

Top Savings Bank Accounts of 2022

What are the 3 types of bank accounts?

The most common types of bank accounts include: Checking accounts. Savings accounts. Money market accounts (MMAs)25-Jul-2022

Which bank account is cheapest?

Best no-fee checking accounts

What are the disadvantages of HDFC Bank?

Cons: HDFC is having limited free transactions monthly after that they will charge fee for every transaction. The customer:employee ration is low. For example you have to wait for your transaction is most of the branches.16-Jan-2016

What are the 3 main savings accounts?

While there are several different types of savings accounts, the three most common are the deposit account, the money market account, and the certificate of deposit.08-Mar-2019

Which bank is safest for savings?

Which bank has highest return in savings account?

The only bank now paying the highest interest rate of 7.50% on savings bank deposits of more than ₹25 crore is Ujjivan Small Finance Bank. The Ujjivan Small Finance Bank's interest rates for Domestic and Non-Resident Accounts are listed below, effective as of November 1, 2022.19-Nov-2022

Is HDFC debit card free?

Rs. 150 + applicable taxes. **For HNW Customers (Classic, Preferred & Imperia), the Debit Card will be free, as long as the customer is part of the respective program. For Corporate Salary customers, the charges will be as per corporate eligibility, as long as the customer is part of the respective corporate.

What happens if minimum balance is not maintained?

You can be penalized for not keeping the minimum balance. There is no limit on the penal charges that a bank will charge for the non-maintenance of the minimum balance. The charges have to be approved by the bank's board. Charges will vary from bank to bank and from branch to branch as well.25-Feb-2022

How minimum balance is calculated in HDFC Bank?

Assuming, a bank asks that you maintain Rs 5,000 as average monthly balance: On July 1, the balance in the account is Rs 5,000. On July 12, withdrawal of Rs 4,000 takes place. EOD balance is Rs 1,000.HDFC Bank.

Which bank has no maintenance fees?

Ally Bank offers a checking account that doesn't have a monthly maintenance fee or a minimum opening deposit. It also pays 0.1 percent APY on balances less than $15,000 and 0.25 percent APY with a minimum daily balance of $15,000.02-Dec-2022

Which bank can open 0 balance account?

Axis Bank offers a Zero Balance Savings Account also called Basic Savings Account as part of the Pradhan Mantri Jan-Dhan Yojana Scheme. The account offers benefits such as free cash deposits, access to over 4000 Axis Bank branches and 14,000+ ATMs across India and Internet and Mobile banking services.

How much balance should I maintain in HDFC Bank?

For urban and metro branches, in order to avoid penalty charges, the average monthly balance (AMB) should be Rs. 10,000. In semi-urban branches, the AMB is Rs. 5,000.

What is the minimum balance for HDFC savings account?