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LoansJagat Team
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16 Minute
13 Feb 2025
HDFC Bank Account Opening – Complete Guide to Process, Eligibility & Benefits
HDFC Bank, India's leading private sector bank, was incorporated in 1994. A subsidiary of a private mortgage lending company, Housing Development Finance Corporation (HDFC Ltd.), this bank has a robust customer base with vast banking services and products. With its headquarters in Mumbai, HDFC Bank extends the horizon of banking services and investments to the public in all parts of the country.
Today, the HDFC bank remains a stalwart in the banking sector, with many branches and ATMs across India. The initiation of net banking and mobile banking from HDFC Bank makes all the banking processes seamless for its customers. For all kinds of financial services, bill payments, and investments, HDFC remains a one-stop solution for its customers.
Why Should You Choose HDFC Bank for Account Opening?
A savings bank account is always about saving your hard-earned money and yielding regular interest. However, at HDFC, you can access various savings bank accounts that meet your financial requirements.
Apart from having a savings bank account, you can link it with investments such as mutual funds, stock markets, different savings schemes, and many other financial services. HDFC Bank also provides seamless net banking services and mobile banking and is customer-friendly to all your financial queries.
Its staff personnel may even come to your home for your banking services and requirements. Even a dedicated team helps you choose a suitable investment portfolio through their HDFC network.
HDFC Bank for Account Opening Eligibility
1. Resident Individuals (Single Account Holder or Joint Account Holder)
The resident individuals must have a valid proof of ID and should be at least 18 to open a savings bank account in HDFC Bank.
2. Hindu Undivided Families
This is a joint account for a Hindu Undivided Family. All the financial transactions can be conducted by the family from the bank. However, net banking and mobile banking features cannot incorporate everyone’s accessibility, as only a single username is permitted.
3. Foreigners in India
Foreign nationals in India with a valid passport and visa, along with the Foreign Region Registration Office (FRRO) certificate, can open a savings bank account. However, foreign nationals must reside in India for more than 180 days.
4. Minors
The minors must be between the ages of 10 and 18 years, governed by their parents or guardians. The bank even approves ATM debit cards for minors with limited access due to the age bar.
Types of Accounts Offered by HDFC Bank
HDFC Bank caters to the needs of its customers and offers a wide range of savings accounts to meet their financial goals.
S. No | Savings Account Type | Description | Features |
1. | Regular Savings Account | It is a basic savings account that anyone can open. | Discounts and offers for online shopping. Millennia debit card with various features. Annual maintenance charges are waived for the first year of the demat account. |
2. | GIGA Savings Account | This savings account is exclusively for daily wagers, contract workers, and freelancers. | You can open the account with a deposit of ₹ 2,000. 25 free cheque leaves every year. Charge-free unlimited NEFT and RTGS transactions. More reward points on debit card purchases. |
3. | SavingsMax Account | This savings account comes with unlimited ATM cash withdrawals and accidental coverage. | ₹ 1,00,000 accidental hospitalisation coverage. ₹ 10,00,000 unintentional death insurance coverage. Various coverage comes with this account, adhering to terms and conditions. |
4. | Women’s Savings Account | This savings account is exclusively for women. | Accidental Death cover of ₹ 10,00,000. Accidental hospitalisation covers ₹ 1,00,000. 3.5% interest for two-wheeler loan The daily shopping limit on debit cards is ₹ 2,75,000. |
5. | DigiSave Youth Account | It is a savings account for youth between the ages of 18 and 25. | 1% cashback on every ₹ 100. 5% cashback on shopping from PayZapp and SmartBuy. Accidental death coverage of ₹ 10,00,000. Special offers on educational loans. |
6. | Senior Citizen’s Account | This savings account is exclusively for senior citizens. | Accidental hospitalisation covers ₹ 50,000 per annum. 5% cashback on Snapdeal, PayZapp, IRCTC, Apollo Pharmacy, and SmartBuy. Maximum cashback is ₹ 2,000 per month. Doorstep banking services. |
7. | Pragati Savings Account | This savings account has been initiated to support our country's farmers. | Discounts on the purchases in BigHaat. Cattle insurance with HDFC Ergo. ₹ 3,000 cashback every year. Kisan Gold Card and Agri Loans. |
8. | Speciale Gold Women’s Savings Account | This is a high-value savings account for women. | Comes with innovative investment solutions. Amazon Pay Gift Card worth ₹ 1,000. Flipkart voucher worth ₹ 1,000. Cancer care insurance covers up to ₹ 5,00,000. |
9. | Speciale Gold and Speciale Platinum | This is a premium, high-value savings account. | Amazon Pay Gift Card worth ₹ 1,000. Flipkart voucher worth ₹ 1,000. Myntra voucher worth ₹ 1,000. Higher cash transaction limit. |
10 | Speciale Senior Citizen Savings Account | This is a premium, high-value savings account for senior citizens. | Cyber insurance covers ₹ 1,50,000. Doorstep banking services. Vouchers worth ₹ 1,000. Discounts and benefits on healthcare needs. |
11. | Speciale Active Account | This savings account is for HDFC home loan customers for rewards on every EMI. | Free platinum debit card 1% cashback. Unlimited ATM transactions. Discounts and benefits on various e-commerce platforms. |
12. | Super Kids Savings Account | This is an essential savings account for children. | Free RuPay debit card Free education insurance cover of ₹ 5,00,000 lakhs. Systematic Investment Plan (SIP) comes in small amounts. Discounts on shopping and healthcare needs. |
13. | Kids Advantage Account | You can accumulate more money on this account for your child’s future. | ATM card in your child’s name. Free cash withdrawal is available at HDFC Bank ATMs and non-HDFC Bank domestic ATMs. Free passbook facility. Offers on Forex Cards and GiftPlus Cards. |
14. | Institutional Savings Account | This savings account is for NGOs and institutes. | Free and unlimited Demand Draft at HDFC Bank. Management of donations and fees via Cash Management Services. HDFC gateway for online transactions for fees. Salary payments via corporate payment portal. |
15. | Basic Savings Bank Deposit Account (BSBDA) | It is a zero-balance savings account. | Locker facility adhering to terms and conditions. Free cash deposits at branches and ATMs. Free lifetime BillPay. 4 free withdrawals per month. |
16. | Government Scheme Beneficiary Savings Account | This savings account is also a zero-balance account designed for government schemes. | Cash limit up to ₹ 1,000,000. Zero balance account. Rupay Platinum Debit Card. The annual maintenance charge (AMC) was waived for the first year for the demat account. |
17 | Small Savings Account | It is a small savings account. | Free RuPay card. Insurance coverage of ₹ 3,29,000. 4 free withdrawals per month. Limited transactions |
HDFC Bank for Account Ope
To open the above-mentioned savings bank account in HDFC Bank, you must furnish the following documents during the process.
1. Aadhaar Card
2. PAN Card
3. Form 16, in case you don’t have a PAN card.
However, ensure that both documents mentioned above have been interlinked and your mobile number. You can also furnish other valid identity and address proofs, such as a driver's license, the latest 3 months' gas bill, a Transfer Certificate (TC), a passport, and many others. Also, submit your latest passport-size photo during the process.
Disclaimer: Depending on the account type, the bank staff members may request that you furnish other details and documents. Suppose you opt for a more significant savings account; you ought to deposit the cash through a cheque. This is done to comply with their bank’s rules and regulations, backed by the Reserve Bank of India (RBI).
How to Open an Account in HDFC Bank Offline?
Step 1: Visit the nearest HDFC branch in your city area.
Step 2: Request an account opening form from the bank staff personnel.
Step 3: On the account opening, select the type of savings bank account you need. For example, you can choose a regular savings account.
Step 4: Furnish the valid identity proof and address proof, along with your recent passport-size photos
Step 5: Submit the account opening form to the bank staff member.
The HDFC bank staff personnel will verify all your details. Ensure that you have linked your active mobile number and email address for the instant bank alerts. You can also apply for HDFC net banking through their staff members.
How to Open a Savings Account in HDFC Bank Online?
Step 1: Go to the official website of HDFC Bank.
Step 2: Navigate your cursor to the option “Save.”
Step 3: Under the option “Save,” click “Savings Account.”
Step 4: On the next page, you will see a wide range of savings accounts. Choose any of them and click the option “Open Instantly.”
Step 5: A new page will be opened. Here, enter your mobile number, date of birth, KYC details, and other proof to continue the account opening process.
Step 6: Your details will be verified by validating a One-Time Password (OTP) sent to your mobile number.
After verifying with OTP, you must select the branch and account type. Ensure that you have added a nominee to your savings bank account.
Disclaimer: The verification may be conducted via online video call. However, the bank server sometimes takes time to verify all your details, even without an instant video call. So, keep track of the process.
Salary Account and its Types
HDFC Bank offers wide a range of salary accounts according to the salary limit. The following table enumerates the types of salary accounts
S. No | Salary Account Type | Description | Features |
1. | Zero Balance Salary Account | It is a basic salary account with zero balance with limited features. | Free debit card with unlimited ATM transactions. Insurance coverage. Airport lounge access. Free demat account for the first year |
2. | Premium Salary Account | It is a premium salary account for those who have a salary of ₹ 50,000 and more. | Higher amount of ATM withdrawal. Cashback offers. Insurance coverage of up to ₹ 15,00,000 lakhs. Free email statements. |
3 | Speciale Salary Account | This account is a zero-balance salary account with special features. | Free personalised chequebook with 25 leaves per year. Free passbook and email statements. 1,000 vouchers for Amazon and Flipkart. Cyber insurance coverage up to ₹ 25,00,000 lakhs. |
4 | Premium Salary Account with Millennia Debit Card | It is a premium salary account with a Millennia Debit Card that has a wide range of features. | The daily domestic ATM withdrawal limit is ₹ 50,000. The daily domestic shopping limit is ₹ 3,50,000 lakhs. ₹ 4,800 of cashback every year. 4 complimentary domestic airport lounge access. |
5 | Regular Salary Account | This is a regular salary account with no minimum initial deposits. | Instant welcome kit with MoneyBack debit card. Domestic ATM withdrawal limit ₹ 25,000 per day. The domestic shopping limit is ₹ 3,00,000 lakhs. ₹ 3,000 cashback offered every year. |
6 | Veer Account | This salary account is exclusively for army personnel. | Zero balance account. Instant welcome kit with customised debit card. Domestic ATM withdrawal limit through Millennia ATM Debit Card is ₹ 50,000 per day. The domestic shopping limit through the Millennia ATM Debit Card is ₹3,50,000. |
7 | Government Salary Account | This is a zero-balance account exclusively for government employees. | Cashback offers and discounts for ATM Debit cards. Insurance coverage. Availability of three types of ATM Debit Cards: MoneyBack Debit card, Millennia Debit card, and Platinum Debit Card. Complimentary lounge access. |
8 | Salary Family Account | On this salary account, benefits can also be extended to the family members. | Domestic ATM withdrawal limit ₹ 25,000 per day. The domestic shopping limit is ₹ 3,00,000 lakhs. ₹ 3,000 cashback is offered every year. 5% cashback on shopping via PayZapp and SmartBuy. |
9 | Anmol Salary Account | This salary account is exclusively for the employees of Public Sector Undertakings. | 1st year free of cost for locker. Cyber insurance up to ₹ 25,000. Availability of personalised Platinum Debit Card. Complimentary 8 lounge access per year. |
Current Account and its Types
HDFC Bank offers different types of current accounts according to the needs of the business portfolio.
S. No | Current Account Type | Description | Features |
1. | Max Advantage Current Account | Customers can make unlimited NEFT/RTGS/IMPS transactions on this account type. | Deposit and withdraw cash up to 12 times monthly at any HDFC branch. Availability of waiver options. Unlimited and free DD up to ₹ 30,00,000 lakhs. 100 free cheque leaves. |
2 | Ascent Current Account | This account has multiple benefits. | Deposit and withdraw cash up to 10 times monthly at any HDFC branch. 50 free DD for every ₹ 1,00,000 of balance maintained. Free 100 cheque leaves 1,00,000 of balance maintained. |
3 | Activ Current Account | This current account has extended benefits. | Cash deposit for 10 times with an upper cap of ₹ 50 crores. Free business Debit Card. Free NEFT/RTGS payments. ₹ 10,00,000 personal accidental death coverage. |
4 | Plus Current Account | This account is suitable for high-profit-yielding organisations. | A free cash deposit of up to ₹ 12,00,000 per month. Free 50 DD per month. Availability of ₹ 1,00,000 ATM withdrawals. Free payment through RTGS and NEFT. |
5 | Premium Current Account | This is a premium account with many benefits. | Free ₹ 3,00,000 lakhs cash deposit in a month. Availability of withdrawal up to ₹ 25,000 in non-home branches. 100 free payable cheques per month. Availability of waiver options. |
6 | Regular Current Account | This is a basic, regular current account | Free cash deposit up to ₹ 2,00,000 per month at HDFC branches. Free local and intercity cheque collection. Free transfer of funds across HDFC bank accounts. Funds can be collected for free through RTGS and NEFT. |
7 | Vyapar Current Account | This account is suitable for merchants. | Zero balance current account. Cashbacks in Business Debit Card. Availability of waiver options. Availability of insurance coverage. |
Interest Rates
All savings accounts incur a 3.00% interest rate if the balance is below ₹ 50,00,000. If the balance exceeds ₹ 50,00,000, the interest rate is 3.50%. However, the salary and current accounts of HDFC Bank do not incur interest.
HDFC ATM/Debit Card Annual Fees and Renewal Fees
Debit Card Type | Annual Fees | Renewal Fees |
Regular Card | ₹ 150 | ₹ 150 |
Rewards Card | ₹ 500 | ₹ 500 |
Titanium Card | ₹ 250 | ₹ 250 |
Titanium Royale | ₹ 400 | ₹ 400 |
Times Points | ₹ 650 | ₹ 650 |
Gold/Platinum | ₹ 750 | ₹ 750 |
Women’s Card | ₹ 150 | ₹ 150 |
ATM/Debit Card Free Transactions Limit
HDFC Bank | Non-HDFC Bank |
| The first three transactions are free in the top six cities. The first five transactions are free in the six towns that are tier-2 or tier-3. |
HDFC Customer Support Team
HDFC Customer Care Phone Number | 18001600/18002600 |
HDFC Customer Care Email Address | support@hdfcbank.com |
Conclusion
You can open any HDFC savings bank account online and offline. All the account opening processes are seamless and straightforward. Besides, the bank also offers doorstep banking services to its customers. Make sure that you have furnished the correct KYC documents. If you have changed your address or mobile phone number, update it through the branch office.
FAQs Related to HDFC Bank Account Opening
1. Can a NRI open a savings account in HDFC Bank?
Yes, a NRI can open a savings bank account in HDFC Bank.
2. Is it necessary to link the PAN card and the Aadhaar card?
Both your PAN card and Aadhaar card have to be linked. It is mandatory and only then the bank account should be opened.
3. Is it safe to open an HDFC savings bank account online?
Yes, it is completely safe and secure to open the HDFC savings bank account. However, you need to ensure whether it is the official website of HDFC Bank.
4. Can I have more than one savings bank account in HDFC?
Yes, you can have more than one savings account in HDFC Bank.
5. Can I transfer my HDFC savings account to another branch?
Yes, you can transfer it. You need to contact the branch office and initiate your request.
Other Bank Account Openings | ||
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LoansJagat Team
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