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Eligibility for HDFC Regular Savings Account
The following people are eligible to open a Regular Savings Account:
- Resident Individuals (sole or joint account)
- Hindu Undivided Families
- Foreign Nationals Residing in India*
- Minor above the age of 10 years are eligible to open a self-operated minor account and an ATM/Debit card can be issued to the Minor
*Foreign Nationals should be residing in India for a period greater than 180 days and must possess: A valid passport, a valid visa, FRRO (Foreign Region Registration Office) Certificate, and a Residential Permit.
Minimum Balance Requirements
- To open a Savings Regular Account, a minimum initial deposit of Rs. 10,000 is required for urban branches, Rs. 5,000/- for Semi-urban branches and Rs. 2,500 for rural branches
- It is mandatory to maintain a minimum average monthly balance of Rs. 10,000 for urban branches, Rs.5000 for semi-urban branches, and an average quarterly balance of Rs. 2500 or a Fixed Deposit of Rs.10,000 for a minimum tenure of 1 year 1 day for rural branches
- If the required average balance is not maintained in the savings account, the following non-maintenance charges will be levied:
Balance Non-Maintenance Charges* | ||
AMB Slabs (in Rupees) |
Metro & Urban | Semi-Urban |
AMB Requirement -Rs 10,000/- | AMB Requirement –Rs. 5,000/- | |
>=7,500 to < 10,000 | Rs. 150/- | NA |
>=5,000 to < 7,500 | Rs. 300/- | NA |
>=2,500 to < 5,000 | Rs. 450/- | Rs. 150/- |
0 to < 2,500 | Rs. 600/- | Rs. 300/- |
*GST Extra
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AMB – Average Monthly Balance
AQB Slabs (in Rupees) | Balance Non-Maintenance Charges* (per quarter) – Rural Branches |
>= 1000 < 2,500 | Rs. 270/- |
0 – <1000 | Rs. 450/- |
*GST Extra
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AQB – Average Quarterly Balance