What is the minimum balance for HDFC classic account?

What is the minimum balance for HDFC classic account?

Simply put, HDFC Bank’s ‘Classic’ customers will now have to maintain a minimum average ‘monthly’ balance’ of Rs 1 lakh in a savings account/s as against the earlier norm of maintaining a minimum average ‘quarterly’ balance of Rs 1 lakh in a savings bank account or accounts.

What happens if I don’t maintain minimum balance in HDFC classic account?

HDFC Bank Savings Account Minimum Balance: Failure to ensure the minimum required balance attracts penalty charges for the account holder. In other words, the lender levies certain penalty charges payable from the customer for failing to ensure sufficient average monthly balance (AMB).

What is a classic account?

A current account that helps make managing your money easy and convenient. Our Classic Account provides you with easy access to your money and helps you manage your bills on the go. It’s ideal if you’re over 18, and need the full services offered by a current account.

Is Neft free in HDFC?

Private lender HDFC Bank has made online transactions through RTGS and NEFT free of cost, with an aim to promote a digital economy. “The revision in NEFT/RTGS online charges is applicable across all retail savings, salary and non-resident customers effective November 1, 2017,” HDFC Bank said in a notice to customers.

How do I switch from classic to preferred?

Upgrade from HDFC Classic to Preferred Account: You only need to maintain the required MAB for Preferred or Imperia Savings Account for 3 months and you will get an email invite for upgrading. Once you click this link, you will be taken to HDFC Website where you can send the upgrade request.

Which HDFC account is best for students?

HDFC Bank’s DigiSave Youth Account You should be 18 to 25 years old to open a student bank account at HDFC Bank. To open a DigiSave Youth Account, a minimum initial deposit of INR 5,000 is required for residents of Metro or Urban cities, and INR 2,500 for Semi-urban or rural applicants.

Can I have 2 current accounts?

You can’t have more than one current account In a word – false. You can have as many current accounts across as many different financial institutions as you like. So, for example, some bank accounts may pay you more interest on your credit balances than others.

What are the benefits of the HDFC Bank Classic salary account?

On opening the account, customers are granted an International debit card and can avail a number of discounts for lifestyle products, entertainment, dining, etc., that comes with the debit card. The HDFC Bank Classic Salary Account is a zero-balance account, offering customers the benefit of not having to maintain a minimum balance.

Which is the best credit card in HDFC Bank?

HDFC Bank Premium Credit Card: Access one of the most premium range of HDFC Bank Privileges which include features such as accelerated reward points, multiple payment channels, fuel surcharge waivers and more. HDFC Bank Classic Platinum Chip Debit Card:

Is it better to get a locker from HDFC Bank?

Usually private banks have higher locker rent when compared to that of public sector banks and HDFC Bank is no exception. So even after discount you will be getting a locker at better price but not the best.

What are the benefits of opening a classic salary account?

Get your credit report free, with monthly updates. For salaried individuals across the nation, HDFC Bank has come up with Classic Salary Account which offers top-notch banking features and facilities. By opening this account, an individual may get the best features to carry out the regular banking procedures.