What Is The Minimum Balance In HDFC Bank?

by | Last updated on January 24, 2024

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Product Minimum balance Regular Savings Account

Rs. 10,000 for metro Urban branches Rs. 5,000 For Semi Urban branches Rs. 2,500 for Rural branches

is required to open a Savings Regular Account
Women’s Savings Account Rs. 10,000 Metro Urban branches,Rs. 5,000 Semi Urban Rural branches

Can we open zero balance account in HDFC Bank Online?

The online saving account opening process is simple and easy, and can be completed

online

in just a few steps. … 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.

Can I open a zero balance account in HDFC Bank?

HDFC Bank zero balance savings account can be opened by

any resident individual

who is not having an existing relationship with the bank and do not have complete KYC. A zero balance basic savings account can be opened with HDFC Bank which will have certain transactional and operational limits.

Which bank is best for opening zero balance?

Bank Name of zero-balance savings account Interest rate
Kotak Mahindra Bank

811 4% to 6%
Standard Chartered Bank Basic Banking Account 0.5% to 4.90% HDFC Bank Basic Savings Bank Deposit Account 3.50% to 4% Axis Bank Basic Savings Account 3.50% to 4%

How can I open a zero balance account?

  • IDFC First Bank. These Banks Offer Highest Savings Account Interest Rates in the Market. …
  • State Bank of India. State Bank of India has named its zero balance savings account service as ‘Basic Savings Bank Deposit Account (BSBDA).’ …
  • YES Bank. …
  • HDFC Bank. …
  • Kotak Mahindra Bank. …
  • Standard Chartered Bank. …
  • IndusInd Bank.

Who is owner of HDFC?

HDFC was promoted by the Industrial Credit and Investment Corporation of India (ICICI).

Hasmukhbhai Parekh

played a key role in the foundation of this company which started with the main aim of solving the housing shortage in India and started rising steadily thereafter.

Which savings account is best in HDFC?

Benefits / Product

SavingsMax Account

(Our Premium Product) Women’s Savings Account
Payable-at-par Chequebook Yes Yes Average Monthly Balance (AMB) Rs 25,000 Rs 10,000 ( Urban/Metro) Rs 5,000 ( Semi-urban/Rural branches) Non-maintenance charges Click here to know more Click here to know more

Which bank has lowest minimum balance?

  • At a Glance.
  • Ally Bank.
  • Axos Bank.
  • Capital One.
  • Chime.
  • Discover.
  • E-Trade.
  • First Internet Bank.

How many bank accounts can a person have?

The number of checking accounts any one person can have is entirely up to them.

There’s no limit on the number of checking accounts you can

open, whether you have them at traditional banks, credit unions or online banks.

Which bank is best for new account?

  • American Express National Bank – APY: 0.40%, min. …
  • Barclays Bank – APY: 0.40%, min. …
  • Capital One – APY: 0.40%, min. …
  • Discover Bank – APY: 0.40%, min. …
  • Citizens Access – APY: 0.40%, min. …
  • PurePoint Financial – APY: 0.40%, min. …
  • CIT Bank – APY: up to 0.40%, min.

Which bank account is best in India?

  • Axis Bank Savings Account – Great for customer service.
  • RBL Savings Account – Best for highest interest rate.
  • SBI Savings Account – Best bank for students.
  • Paytm Payment Bank – Best digital bank.
  • Bank of Baroda Savings Account – Best government bank.

What banks have no monthly fees?

  • Best overall: Capital One 360® Checking Account.
  • Runner-up: Ally Interest Checking Account.
  • Best for rewards: Discover Cashback Debit Account.
  • Best for out-of-network ATMs: Alliant Credit Union High-Rate Checking Account.
  • Best for students: Chase College CheckingSM Account.

Who is the No 1 bank in India?


HDFC Bank

: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.

Is HDFC nationalized bank?

Private sector financial players ICICI Bank and HDFC Bank, who are classified as foreign-owned entities, are on the

same footing as nationalised banks

as the two are incorporated under the Indian laws, DIPP Secretary R P Singh said today.

What is full form HDFC?


HDFC Bank Ltd

Was incorporated on August 30 1994 by Housing Development Finance Corporation Ltd. … HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.