Table of Contents
What is the interest rate on HDFC savings Max account?
4\% per annum
Highlights of HDFC SavingsMax Account
| Bank | HDFC Bank |
|---|---|
| Minimum Balance Requirement | Rs. 25,000/- |
| Interest Rate | 4\% per annum |
| Debit Card Type | Titanium Royale Debit Card |
| Eligibility Criteria | Sole or joint account for Residents of India Hindu undivided families (HUFs) can apply. Foreign nationals who reside in India |
Is savings account same as fixed deposit?
Fixed deposits have a fixed lock-in period, which limits the unnecessary withdrawal of your money until maturity. A savings account, on the other hand, enables you to withdraw any amount at any time, which proves detrimental to your goal of wealth appreciation.
How can I convert my HDFC saving account to Max?
Once you visit the branch, request the staff that you need to upgrade or convert your existing Savings account into Savings Max Account. The Staff will give you an upgrade form, which you need to fill completely. If you are having difficulty in filling the form, you can even ask the staff to fill it on behalf of you.
What is savings Max account?
HDFC Bank SavingsMax account helps you save big up to Rs. 12,500 every year. If you are a savings account holder, you can receive a total insurance cover of up to Rs. 1.29 crores. You will also get a free Platinum Debit Card that can earn you a cashback of up to 1\% on purchases.
Which is best saving account?
Top Banks that have the Best Savings Account for Individuals
- State Bank of India (SBI) Savings Account.
- HDFC Bank Savings Account.
- Kotak Mahindra Bank Savings Account.
- DBS Bank Savings Account.
- RBL Bank Savings Account.
- IndusInd Bank Savings Account.
What is saving Max account?
Which bank gives highest interest rate on fixed deposit in India?
Axis Bank
Axis Bank offers the highest FD interest rate of 5.75\% p.a. which is for a tenure of 5 years and above for the general public. For senior citizens, the interest rate is up to 6.50\%. The second highest interest rate is 5.50\% p.a. which is offered by ICICI Bank and HDFC Bank for a tenure of 5 years and above.
Should I go for HDFC savingsmax account or regular savings account?
Should i go for HDFC SavingsMax Account or Regular Savings Account, Please suggest those who have. Please specify merits and demerits. Go for normal saving account. I didn’t see any need to deposit 25k just for a saving account and that too you have to maintain otherwise pay them more.
What is the minimum balance in HDFC Max account?
HDFC Savings Max Account has minimum balance of Rs.25000 & has various privileges. It gets 4\% interest per annum on the minimum amount. Classic Banking has a Personal Banker who helps one in their account activity. It is a Current Account.
What is the total insurance cover of savingsmax account?
Max Savings with Savings Max account! Save up to Rs. 12,500* when you open a SavingsMax Account Total Insurance Cover up to Rs.3.29 Cr! Minor above the age of 10 years are eligible to open self operated minor account and an ATM/Debit card can be issued to the Minor
Is hdhdfc Ltd a bank or a finance company?
HDFC Ltd is a non banking finance company. Deposits are not insured by DICGC . It pays slightly higher interest on deposits. , former CEO at Business Brains.