HDFC Savings Account Interest Rates

HDFC Bank offers an interest rate ranging between 3.00% to 3.50% on the minimum average balance maintained in the savings account. It calculates the interest rate on savings bank accounts on a daily basis. However, the interest is paid to the account holders every quarter. With HDFC Bank Savings Account youth and minors can get additional benefits on their Savings Account.

HDFC Bank Savings Account helps you to save money by providing interest on your idle money deposited in the savings accounts. The rate of interest on HDFC Bank Savings Account varies as per the Savings Account product. Some of the key features and benefits of HDFC Bank savings account are:

• It offers interest rates from 3.00% to 3.50% p.a. You can easily access HDFC Bank Savings Account anywhere through a large network of branches and ATMs.
• If you want to transfer funds from HDFC Bank Savings account to any other bank account, you can do it through modes such as RTGS, IMPS, NEFT and UPI facilities.
• To maintain HDFC Bank Savings account, you require a minimum balance of 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.
• HDFC Bank personalized account number and cheque book enhances security and ensures your money is safe.
• You can get SMS Alerts and e-statement facilities with HDFC Bank Savings Account.
• With Auto Sweep Facility of HDFC Bank, your account can be linked to Multi Option Deposit MOD account.

Saving Account	Interest Rate	Minimum Balance
Savings Max Account	3.00% - 3.50%	Rs. 25,000
Regular Savings Account	3.00% - 3.50%	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	3.00% - 3.50%	Rs. 10,000 Metro Urban branches,Rs. 5,000 Semi Urban Rural branches
Kids Advantage Account	3.00% - 3.50%	Rs. 5,000
Senior Citizens Account	3.00% - 3.50%	Rs. 5,000 Urban/ semi Urban
Family Savings Group Account	3.00% - 3.50%	Combined Average Monthly Balance in all accounts should be Rs. 40,000
Basic Savings Bank Deposit Account	3.00% - 3.50%	NIL
Institutional Savings Account	3.00% - 3.50%	NIL
BSBDA Small Account	3.00% - 3.50%	NIL
Savings Farmers Account	3.00% - 3.50%	Rs. 2,500

• Savings Max Account: HDFC Bank offers interest rates ranging between 3.00% to 3.50% on Savings Max Account.You can open a Savings Max Account in HDFC Bank by depositing Rs. 25,000 amount as minimum balance.
• Regular Savings Account: If you have deposited your excess funds in a Regular Savings Account, you can get interest at 3.00% to 3.50% on your account. This account can be opened by anyone with a minimum age of 18 years.
• Women's Savings Account: HDFC Bank provides interest rates ranging between 3.00% to 3.50% on Women's Savings Account. The minimum balance requirement to open this account is Rs. 10,000 Metro Urban branches,Rs. 5,000 Semi Urban Rural branches.
• Kids Advantage Account: You can get interest at 3.00% and 3.50% respectively on Kids Advantage Account in HDFC Bank. The account can be opened in HDFC Bank by depositing Rs. 5,000 amount. The debit card available for this account are ATM or International Debit Card issued, with parents permission.
• Senior Citizens Account: If you have deposited your excess funds in a Senior Citizens Account, you can get interest at 3.00% to 3.50% on your account.
• Family Savings Group Account: You can get interest at 3.00% to 3.50% in Family Savings Group Account. This account can be opened in HDFC Bank by depositing a minimum amount of Combined Average Monthly Balance in all accounts should be Rs. 40,000 after an age of 18 years.
• Basic Savings Bank Deposit Account: The interest that you can earn on .Basic Savings Bank Deposit Account is in the range of 3.00% to 3.50% respectively. The debit card available for this product is RuPay Card
• Institutional Savings Account: HDFC Bank provides interest rate at 3.00% to 3.50% on Institutional Savings Account. Further, to open this Saving Account, the minimum balance requirement is NIL. .

✅How much interest is charged by HDFC on Savings Account?

HDFC offers an interest rate of 3.00% to 3.50% on Savings Account.

✅What is the minimum amount required for opening Savings Account in HDFC Bank?

The minimum amount required for opening 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.

✅What are the balance non - maintenance Charges on HDFC Savings Account?

The Balance Non Maintenance Charges on Savings Account by HDFC are Rs. 150 to Rs. 600.

✅How does HDFC calculate interest charged on Savings Account?

Interest on Savings Account is calculated on Quarterly basis. The following formula is used by HDFC Bank to calculate interest on Savings Account.

Monthly interest=Amount (Daily balance)*(No of days)* Interest/Days in the year

✅Does HDFC Bank offer Debit Card to the account holder?

Yes, various Debit Cards are offered, differing according to the product. Some of the popular savings account products of HDFC Bank with the type of Debit Card offered are listed in the table below.

Savings Max Account	Titanium Royale Debit Card
Regular Savings Account	Select from a range of International Debit cards
Women's Savings Account	Woman Advantage Debit Card
Kids Advantage Account	ATM or International Debit Card issued, with parents permission
Senior Citizens Account	EasyShop International Debit Card
Family Savings Group Account	EasyShop International Debit Card for all account holders
Basic Savings Bank Deposit Account	RuPay Card
Institutional Savings Account	Business Debit Card
BSBDA Small Account	RuPay Card
Savings Farmers Account	RuPay premium Card

Interest rate on all HDFC Bank deposits products listed in the table above is 3.00% to 3.50%.

✅What is the eligibility criteria to open a savings account in HDFC Bank?

Eligibility criteria for HDFC Bank savings account -

• 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.