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Does HDFC Bank have a maximum balance limit?
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HDFC Bank’s Basic Savings Bank Deposit Account (BSBDA), a zero balance savings account, provides access to some of the best banking services. With our BSBD account, you can access banking services across multiple branches ATMs and branches around the country.
- What is Zero Balance Saving Account
Zero-balance accounts have a limit on the number of...
- What is Zero Balance Saving Account
Zero-balance accounts have a limit on the number of transactions you can make per month. Usually, banks allow only four monthly withdrawals. If you do make more than the permitted number of withdrawals, the bank will convert your zero-balance account into a regular Savings Account.
Learning centre articles – Sweep in Sweep out CASA. Minimum Account Balance. Why do you need to maintain a minimum balance in your account? It is important to keep a balance in your account that is above the minimum balance requirement, to avoid getting charged unnecessarily.
Jun 5, 2024 · There is no maximum balance limit that you need to maintain in an HDFC Bank savings account. However, investors must remain aware of the deposit limits and ensure all the account activities are aligned with Income Tax regulations.
- You can either visit the nearest HDFC bank branch or apply online by submitting the duly filled form and required documents.
- You will need to submit address and ID proof such as a passport, driver's licence, PAN Card or Form 16, passport-size photographs, and the duly fil...
- The interest rate of HDFC Bank savings accounts can be between 3% and 3.50% p.a., depending on the deposit amount.
- The interest rate for HDFC senior citizens' savings accounts can be between 3% and 3.50% p.a., depending on the deposit amount.
- The interest rate for HDFC SavingsMax account is 3% for amounts below Rs. 50 lakh and 3.50% for amounts equal to or above Rs. 50 lakh.
- Interest is paid in quarterly intervals on an HDFC savings account.
- The minimum balance requirement for HDFC Bank savings accounts differs depending on the area and account type. However, the minimum balance typical...
- The bank can levy penalty or non-maintenance charges if you do not maintain the minimum balance in your HDFC Bank savings account.
- There are approximately 14 types of savings accounts in HDFC Bank. You can get the details by visiting their branch, calling their customer care nu...
- Yes, you can change or upgrade your HDFC account type as per your requirements.
Mar 22, 2024 · What is the limit of an HDFC zero balance account? In HDFC's zero balance account, you can deposit any amount without restrictions. However, you are limited to 10 free debit card transactions each month.
Apr 16, 2024 · What is the limit of HDFC zero balance account? HDFC zero balance account has no restrictions on deposit amounts but limits free debit card transactions to 10 per month. Beyond this, ₹20 plus GST is charged. Withdrawals from own or otcher bank ATMs are free up to 5, after which ₹20 fee is applicable.
Salary Accounts are zero-balance accounts, i.e., you are not required to maintain a minimum balance. Therefore, the bank does not charge a penalty for not keeping a minimum balance in your salary account.
