Our best buys, incl
- Easy-access savings: allows withdrawals. Yorkshire BS – 1.32% Cynergy Bank – 1.31% Virgin Money – 1.31%
- Notice savings: give notice to withdraw. Shawbrook Bank – 1.55%
- Fixed-rate accounts: must lock cash away. SmartSave – 1.56% for 1yr. Investec – 1.7% for 2yrs. United Trust Bank – 1.8% for 3yrs.
Best Savings Bank Account in India
- #1. IndusInd Bank Savings Account (Zero Balance Account)
- #2. Kotak Mahindra Bank (Highest Savings Interest Account)
- #3. ICICI Bank Savings Account (For Best Technology)
- #4. HDFC Bank Savings Account (For Best Products)
- #5. Axis Bank Saving Account (For Good Services)
- #6.
- #8.
- #9.
HDFC Bank requires its savings account holders to maintain a minimum average monthly balance. The amount differs for urban and metro banks and rural and semi-rural banks. For urban and metro branches, the minimum average balance is Rs.10,000. For rural and semi-rural branches the minimum average balance is Rs.5,000.
A comparison between Axis Bank, HDFC Bank and ICICI Bank shows that Axis Bank leaves a lot to be desired while HDFC Bank has trumped both Axis Bank and ICICI Bank. It also had a higher net interest margin (for the March 2012 quarter) of 4.2%, compared with 3.55% and 3.01% for Axis Bank and ICICI Bank, respectively.
At HDFC Bank, great care is taken to ensure that our customer gets a good, safe and hassle-free online banking experience. With all the necessary checks of authentication and security in place, you can be rest assured of a secure online banking experience. For more details on Mobile Banking Security, click here.
Key features of HDFC Bank BSBD account include zero balance and a free Rupay card, according to HDFC Bank on its website - hdfcbank.com. Benefits of HDFC Bank's BSBD account: 1. Customers will be able to avail a safe deposit locker and super saver facilities, said according to hdfcbank.com.
The minimum balance limit in case of HDFC Bank is Rs 10,000 for urban branches and Rs 5,000 for semi-urban branches. If the shortfall is 50 per cent or less of the MAB, then the bank will charge Rs 50 plus service tax.
10 low-risk ways to earn higher interest:
- Get over your fear of online banks.
- Consider a rewards checking account.
- Take advantage of bank bonuses.
- Check out high-interest, low-penalty CDs.
- Switch to a high-interest online savings account.
- Create a CD ladder.
- Consider a credit union.
- Try a fintech app.
This Savings Account also includes other advantages basis your relationship with the bank such as preferential rates and processing fees waivers on Two-Wheeler, Car, Gold And Personal Loans, and CashBack offers.
Housing Development Finance Corporation Limited
Best Banks and Credit Unions of 2020
| Financial institution | Best for |
|---|
| Ally Bank | Overall, customer service |
| Discover Bank | Overall, cash-back rewards |
| Alliant Credit Union | Overall, ATM availability |
| Capital One 360 | Overall, flexible overdraft options |
It has a base of 104154 permanent employees as of 30 June 2019. HDFC Bank is India's largest private sector lender by assets. It is the largest bank in India by market capitalisation as of March 2020. It was ranked 60th in 2019 BrandZ Top 100 Most Valuable Global Brands.
Sukthankar says that HDFC Bank leverages its branch network much better than even the public sector banks that have a presence in similar areas. “Our smaller branches do auto loan, gold loan, tractor loans, agri loans and small business loans, while those of many other banks do not offer such a comprehensive suite.”
Salary account is a type of saving account where you salary gets credited. Usually a bank will offer more benefits to a salary account because it is a fixed source of CASA. Every month 'x' amount will be credited to the account.
1800-270-3355
- Call HDFC Balance Check Number 18002703333 from the mobile number registered with the bank.
- The call will automatically disconnect after short rings.
- Account holder will receive HDFC Bank Account Balance through SMS on the registered mobile phone.
You can give a missed call on a toll- free number 1800 180 2223 and tolled number 0120-2303090 to check the account balance through SMS. The service is free of cost and you can avail it from the nearest branch.
No, HDFC Bank is not a nationalised bank. The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of RBI's liberalisation of the Indian Banking Industry in 1994.
Who is owner of HDFC Bank?
The Housing Development Finance Corporation (HDFC) was amongst the first to receive an 'In Principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI's liberalization of the Indian Banking Industry in 1994.
HDFC Ltd is Housing Finance Institute. It is classified as NBFC or Non Banking Finance Company. HDFC Bank is a Bank. It was promoted by HDFC.
HDFC Bank debit cards are ideal choice for safe and smart transactions as it offers a host of exclusive privileges and benefits.
Fees and Charges for Debit Card.
| Debit Card variants | Annual/ Renewal Fee |
|---|
| Platinum Debit Card | Rs. 750 |
| Times Points Debit Card | Rs. 650 |
| Rewards Debit Card | Rs. 500 |
| Titanium Royale Debit Card | Rs.400 |
HDFC bank permits four free cash withdrawals per month and provides five free transactions at non HDFC Bank ATMs across the country. Any withdrawals beyond the ATM transaction limit attracts a charge of ₹20/- plus applicable GST in case of a financial transaction.
A platinum debit card is one with various special benefits and privileges made for premium users and high earners. With a platinum debit, you can have higher ATM cash withdrawals, cash backs, loyalty points, and more. It also costs more in annual charge than a regular debit card.
You can open a Savings Account, but you don't have to maintain a minimum balance for it. Despite this, the bank will still provide the usual facilities that come with a regular Savings Account. As the name of the account implies, this is a zero-balance account. Consequently, there is no penalty in case of zero balance.
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.
Top 5 Salary Accounts in India
- Kotak Platina Salary Account. Kotak Mahindra Bank provides Platina Salary Account that comes with the features and benefits of premium banking.
- ICICI Bank Salary Account.
- HDFC Classic Salary Account.
- SBI Corporate Salary Package (CSP)
- Axis Priority Salary Account.
How much interest can I earn from my HDFC Bank Savings Account? Current interest rate offered on funds in a Savings Account is 4.00% per annum. Interest will be credited to a customer's savings account on a half yearly basis. For any updates on the interest rates offered, kindly contact one of HDFC Bank's branches.
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HDFC Bank Salary Account Interest Rate
3.50% p.a. 4.00 % p.a. *Usually, banks consider salary account as a type of savings account only. Therefore, they provide the same savings account interest rate on salary account as well.
