A key component of prudent financial planning is selecting the appropriate savings account. As one of the top private sector lenders in India, HDFC Bank provides a wide variety of savings options to suit various budgets and lifestyles.
Whether you are a student, a working professional, or a senior citizen, understanding the interest rates, balance requirements, and service charges is essential.
This guide provides an in-depth look at HDFC Bank's savings offerings to help you maximize your wealth and manage your daily banking seamlessly.
What is an HDFC Bank Savings Account?
An HDFC Bank Savings Account is a demand deposit account designed to help individuals and entities store their money securely while earning interest.
HDFC Bank is well-known for its vast digital banking infrastructure. It offers a wide range of services, such as NetBanking, mobile banking, and an extensive network of ATMs throughout India, to account holders.
In addition to offering a number of lifestyle advantages like cashback, insurance, and favorable loan rates, these accounts act as a safe haven for liquid funds, facilitating simple withdrawals and deposits.
HDFC Bank Savings Account Interest Rate (2025)
As of 2025, HDFC Bank offers a refined interest rate structure. These rates are calculated on the daily end-of-day balance and are credited to your account every quarter (March, June, September, and December).
| Account Balance | Interest Rate (per annum) |
| Less than ₹50 Lakh | 2.75% |
| ₹50 Lakh and Above | 3.25% |
Note: These rates are subject to change based on RBI guidelines and the bank’s internal policies. Always check the official HDFC website for the most up-to-date data.
HDFC Bank Savings Account Minimum Balance 2025
Most HDFC savings account variants require customers to maintain a minimum balance, which is typically measured as the Average Monthly Balance (AMB) or Average Quarterly Balance (AQB).
A notable change in 2025 allows the AMB requirement to be waived for customers who hold a specified amount in Fixed Deposits (FDs).
Penalty for Not Maintaining Minimum Balance
HDFC Bank applies a non-maintenance charge (NMC) if your average balance falls below the threshold. In 2025, the penalty is capped as follows:
- Standard Savings Accounts: 6% of the shortfall from the required balance or ₹600, whichever is lower.
- Savings Farmer’s Account: 6% of the shortfall or ₹900, whichever is lower.
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HDFC Saving Account Types
| Type of Savings Account | Minimum Balance Required |
| Regular Savings Account | ₹10,000 (Urban/Metro) |
| SavingsMax Account | ₹25,000 AMB (Average Monthly Balance) |
| Women’s Savings Account | ₹10,000 (Urban/Metro) |
| DigiSave Youth Account | ₹5,000 (Urban/Metro) |
| Specialé Gold | ₹1,00,000 AQB (Average Quarterly Balance) |
| Specialé Platinum | ₹3,00,000 AQB (Average Quarterly Balance) |
| Savings Farmer’s Account | ₹2,500 AHB (Average Half-Yearly Balance) |
HDFC Bank offers a variety of accounts to suit different demographic needs:
1. Regular Savings Account
The standard account for all daily banking needs.
- Minimum Balance: ₹10,000 (Metro/Urban), ₹5,000 (Semi-Urban), or ₹2,500 AQB (Rural).
- Key Feature: Comes with a rewards debit card and free NetBanking.
2. SavingsMax Account
A premium variant that treats your savings like an investment.
- Minimum Balance: ₹25,000 AMB or FD of ₹1.5 Lakh.
- Key Feature: Automatic MoneyMaximizer (Sweep-out) facility, which moves excess funds into an FD to earn higher interest.
- Now offers an enhanced Total Insurance Cover of up to ₹3.29 Crore, including accidental death (air/road/rail) and accidental hospitalisation. It also provides a lifetime free Platinum Debit Card with 1% cashback.
3. Women’s Savings Account
Specifically designed for the modern woman.
- Minimum Balance: ₹10,000 (Metro/Urban).
- Key Feature: Cashback on shopping via the EasyShop Woman's Advantage Debit Card and preferential rates on personal loans.
4. Senior Citizens’ Account
Tailored for those aged 60 and above.
- Minimum Balance: ₹5,000 AMB.
- Key Feature: Higher interest rates on FDs and accidental hospitalisation cover.
- Includes Doorstep Banking services specifically for seniors above the age of 70. The primary account holder must be at least 60 years old.
5. Savings Farmer’s Account
A specialized account for the agricultural community.
- Minimum Balance: Half-yearly average balance of ₹2,500.
- Key Feature: Longer maintenance cycles to match crop harvest seasons.
6. DigiSave Youth Account
Designed for individuals aged 18 to 25.
- Minimum Balance: ₹5,000 (Metro/Urban).
- Key Feature: High-tech digital features and exclusive deals on education and travel.
7. Specialé Gold and Specialé Platinum
Elite accounts for high-net-worth individuals.
- Minimum Balance: ₹1 Lakh (Gold) or ₹3 Lakh (Platinum) AQB.
- Key Feature: Dedicated relationship managers and unlimited free ATM withdrawals worldwide.
- These are now officially tracked via Average Quarterly Balance (AQB). Platinum holders enjoy unlimited free demand drafts, while gold holders have a free limit of ₹1 lakh per day.
8. Kids Advantage Account
To help parents build a corpus for their children.
- Minimum Balance: ₹5,000 AMB.
- Key Feature: Education insurance cover and a free "My Card" for the child (above age 10).
- The MoneyMaximizer sweep-out facility is triggered once the account balance reaches ₹35,000 (transferring the excess above ₹25,000 to a fixed deposit).
9. Basic Savings Bank Deposit Account (BSBDA)
The "Zero Balance" account is aimed at financial inclusion.
- Minimum Balance: Nil.
- Key Feature: No minimum balance required, but it comes with restrictions on the number of monthly withdrawals.
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HDFC Saving Account Charges & Limits
- Cash Transactions: 4 free transactions per month. From the 5th transaction onwards, a fee of ₹150 per transaction applies.
- Cheque Books: 25 leaves per year are free. Additional cheque books (25 leaves) are charged at ₹100.
- ATM Charges: Unlimited free transactions at HDFC ATMs for most premium variants; regular accounts get 5 free. For non-HDFC ATMs, the limit is 3 free in metros and 5 in non-metros, with a ₹21 fee thereafter.
How to Open an HDFC Savings Account
Online (Instant Account Opening)
- Visit the HDFC Bank official website or mobile app.
- Navigate to the "Save" section and click on "Savings Accounts."
- Choose your preferred variant and click "Open Instantly."
- Enter your mobile number and verify via OTP.
- Complete the Video KYC (video call with a bank official) for full account activation.
Offline
- Visit your nearest HDFC Bank branch.
- Fill out the physical Account Opening Form (AOF).
- Submit the required KYC documents.
- Provide a passport-sized photograph and initial deposit (if applicable).
Documents Required
- Identity Proof: Aadhaar Card, PAN Card, Passport, or Voter ID.
- Address Proof: Utility bills, ration card, or Aadhaar.
- Photographs: 2–3 recent passport-sized photos.
- Form 60: If a PAN card is not available.
How to Close an HDFC Savings Account
If you need to close your account, follow these steps:
- Zero Out Balance: Ensure there are no pending dues or negative balances.
- Download Form: Get the "Account Closure Form" from the HDFC website or branch.
- Visit the Branch: You must visit the home branch in person.
- Surrender Kit: Return your unused cheque leaves, debit card, and passbook.
- Charges: If closed between 15 days and 12 months of opening, a closure fee of ₹500 (₹300 for seniors) usually applies. After 12 months, it is free.
Conclusion
In 2025, HDFC Bank remains a preferred option, distinguished by its strong digital security and diverse range of savings account choices.
HDFC Bank offers competitive interest rates that are comparable to those of other leading private banks.
However, the true benefit comes from the added lifestyle advantages and the flexibility provided by the new Fixed Deposit (FD)-linked balance waiver options.
Selecting the right savings account and maintaining the necessary minimum balance are key steps to maximizing the growth of your savings and enjoying a premium banking experience.
Frequently Asked Questions
1. Is HDFC a zero-balance account?
Only the BSBDA and certain corporate salary accounts are zero-balance. Most regular variants require a minimum balance.
2. Can I open an HDFC account without a PAN card?
Yes, you can use Form 60 if you do not have a PAN card, though having a PAN is highly recommended for tax purposes.
3. What is the daily ATM withdrawal limit?
It ranges from ₹25,000 to ₹1 lakh depending on your debit card variant (e.g., Titanium, Platinum, or Rewards).
