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Online HDFC Savings Account Opening

Open HDFC Saving Account

Last Updated 08th Jan 2021

Interest Rate 3.00% - 3.50%
Minimum Balance Requirement 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
Cash Withdrawal Limit --
ATM Transaction Charges --
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HDFC Savings Account Opening

HDFC Bank Savings accounts in HDFC can be opened online or offline. To open HDFC offline, you have to visit the branch, fill the application form and submit documents.

Steps for Opening HDFC Savings Account Online

To open the savings account online in HDFC, you have to follow these steps:

  • Step 1: First, visit the official website of HDFC.
  • Step 2: Go to Savings Account option and select the option ‘Apply Now’.
  • Step 3: Fill the required details like Name, Contact number, Date of Birth, Address etc. and click on ‘Submit’.
  • Step 4: Verify the details with the documents like PAN and Aadhar or any other document as required by the bank.
  • Step 5: HDFC’s executive will verify all the submitted documents.
  • Step 6: After the successful verification of your documents, HDFC will share the welcome-kit containing debit cum ATM Card, PIN and cheque book with you.
  • Step 7: Once the account is activated, you can register your mobile number and use a debit Card and cheque book for banking services.

Steps to Open HDFC Savings Account at Branch

To open a savings account with HDFC at a branch, you must follow these steps:

  • Make sure that you carry with you an identification proof (preferably your PAN Card), an address proof (preferably your Aadhaar card), and two passport size photographs.
  • After reaching the branch, ask the clerk that you want to open a savings account. The clerk will give you the application form.
  • Fill the savings account application form with required details and attach the photographs on the form where required.
  • After duly filling the form and signing it, submit the savings account application form along with necessary documents and required money (in case of minimum balance account) with the clerk.
  • Your account will be functioning within a week or so, and the bank will inform you about it through a call/SMS/email.

Eligibility of opening Savings Account in HDFC

You have to fulfil the following eligibility criteria to open a savings account in HDFC:

  • Indian residents can open an individual or joint account.
  • Hindu Undivided Family can also open an account.
  • Minors above the age of 10 years can open a self operated account.
  • Foreign nationals living in India for more than 180 days can also open an account provided they have a valid passport, a valid visa, FRRO Certificate along with a Residential Permit.

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FAQs

How can I open a savings account in HDFC?

You can open a savings account in HDFC either by applying online through the website or by visiting the branch nearby and submitting your application form there.

Can I open a savings account online in HDFC?

Yes, you can open a savings account online, by applying for it through the HDFC’s official website.

What is the minimum balance in HDFC?

The minimum balance required to open a savings account in HDFC is 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.


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HDFC News - Jan 2021
  • 2021-01-08 : HDFC Bank posted a double-digit increase in deposits and advances
    HDFC Bank reported a double-digit increase in deposits and advances in the third quarter of the fiscal year. The bank advances which include home, personal, car, two-wheeler, gold and education loan along with business and mudra loans hiked by 16% to Rs 10.82-lakh crore as on December 31, 2020. Further, the bank’s deposits rose by 19% in the third quarter of the fiscal to Rs 12.71-lakh crore. The CASA ratio is reported at around 43% as of December 31, 2020.
  • 2020-10-07 : HDFC Bank net profit jumps 18.4% to ₹7,513 crores
    HDFC Bank reported an 18.4% increase in its net profit to ₹7,513 crores for the quarter ended in September 2020. The profit in the year-ago period was at ₹6,345 crores. The bank’s total advances were at ₹10.38 lakh crore in Q2 of FY21, an increase of 15.8% over the same period last year. The domestic retail loans which include retail loans like home, personal, car, two-wheeler, gold and education loan grew by 5.3% and domestic wholesale loans including the business and mudra loan grew by 26.5%. Further, total deposits which include FD and RD reported an increase of 20.3% (YoY) to ₹1,325,072 crore. HDFC bank CASA ratio stood at around 42% as of September 202O.
  • 2020-06-05 : HDFC Bank adds 250,000 customers via instant account opening in lockdown
    HDFC Bank added 250,000 new customers in the last 40 days through an online facility which helps open savings accounts instantly. The account is created using a "limited know your customer (KYC)" requirement provision, and the customer has a year time after the instant account opening to update full details.
  • 2019-11-14 : HDFC Bank plans to reach 200 branches across Northeast India
    HDFC Bank plans to increase branch network from 136 to 200 across Northeast India. Bank plans to have 100 branches across Assam by next year. The new branches will offer all loan and deposit related services. HDFC Bank is the leading personal loan partner in India.
  • 2019-07-09 : HDFC Bank reports rise in advances and deposits during FY19
    Private-sector lender, HDFC Bank has witnessed a 5% increase in advances for March 2019 at Rs. 8.1 lakh crore, while its deposits grew by 17% to Rs. 8.29 lakh crore compared to 7.08 lakh crore earlier. Its CASA ratio stands at 42% as of March 2019 as against 40.7% during the previous quarter. Further, the lender has revealed that it has purchased loans aggregating to Rs. 7,230 crore through the direct assignment route under the home loan arrangement with HDFC during the quarter ended March this year.
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