Does HDFC Bank have zero balance account?
HDFC Bank, India's second-largest bank, provides the facility of zero balance savings account with which the individuals can avail the basic banking facilities under several restrictions.
- Axis Bank PRIME Savings Account.
- Indus Delite Savings Account (IndusInd Bank)
- Kotak 811 Full KYC Account (Kotak Mahindra Bank)
- Jupiter Savings Bank Account (Jupiter)
- Basic Savings Bank Deposit Account (State Bank of India)
- Methodology.
- Frequently Asked Questions (FAQs)
For regular savings accounts held in HDFC Bank's metro and urban branches, the customer is required to maintain an average monthly balance of ₹ 10,000 to avoid penalty charges, according to the lender's website - hdfcbank.com. In semi-urban branches, an average of ₹ 5,000 is required.
Salary Account - Open Salary Account Online
Your employees will enjoy a zero-balance account with features such as Netbanking, Phonebanking, Mobilebanking and InstaQuery for SMS banking.
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- Visit the website of HDFC Bank.
- From 'Products' choose 'Savings Account'
- Choose the BSBDA account and click on the 'Apply Online' button.
- Choose a preferred city when a pop-up opens up.
- Choose if you are a new c.
You can apply online to open a Savings Account with HDFC Bank and benefit from the wide range of features and exclusive deals that come along with the different variants. The online saving account opening process is simple and easy, and can be completed online in just a few steps.
For savings account in metro cities, HDFC Bank may charge you as much as 600 rupees for not maintaining the minimum balance. With service Tax and other cess, the amount is more than Rs 600. The minimum balance limit in case of HDFC Bank is Rs 10,000 for urban branches and Rs 5,000 for semi-urban branches.
| Benefits / Product | SavingsMax Account (Our Premium Product) | Regular Savings Account |
|---|---|---|
| Special Benefits | ||
| Making the most of your money | MoneyMaximiser: Earn higher interest on money lying idle with our automatic sweep out facility. Available on request. | X |
| Sweep-In** | Yes | Yes(On request) |
| Investments |
| Balance Non-Maintenance Charges* | ||
|---|---|---|
| AMB Slabs (in Rupees) | Metro & Urban | Semi Urban |
| >=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/- |
- Capital One 360 Free Checking. Why you want it: It's as simple as it gets. ...
- Ally Interest Checking Account. ...
- Axos Rewards Checking. ...
- Schwab Bank High Yield Investor Checking Account. ...
- NBKC Personal Checking Account. ...
- Discover Cashback Debit. ...
- Chime Bank Account. ...
- USAA Free Checking.
What bank has no minimum balance required?
Axos Bank
Axos Bank's no-fee, no-minimum checking account is called Essential Checking, and it has the features you need most.
- ING Savings Account.
- GSave Account.
- CIMB Bank UpSave Account.
- CIMB Bank Fast Account.
- Maybank iSave.
- AUB Starter Savings.
- PNB TAP Mastercard Account.
- PNB Debit Account Lite.
Some of the key results of the comparison between the two banks are: Lowest Interest rate of Axis Bank Loan is 10.75%, which is lower than the lowest interest rate of HDFC Bank at 11.00%. Hence, Axis Bank is offering a cheaper loan option.
A basic salary account with RuPay debit card, HDFC BSBDA salary account comes with a line of features like free chequebook, easy fund transfers and free passbook. Account holders also have the flexibility of zero balance requirements.
- State Bank of India (SBI) Savings Account. 2.70% p.a.
- HDFC Bank Savings Account. 3.50% p.a.
- Kotak Mahindra Bank Savings Account. 3.50% p.a.
- DCB Bank Savings Account. 6.50% p.a.
- RBL Bank Savings Account. 6.00% p.a.
- IndusInd Bank Savings Account. 5.00% p.a.
- ICICI Savings Bank Account. 3.50% p.a.
Cons: HDFC is having limited free transactions monthly after that they will charge fee for every transaction. The customer:employee ration is low. For example you have to wait for your transaction is most of the branches.
- Only Indians can open a zero-balance account. This account can is not opened by NRIs (Non-resident Indians) and PIOs (Persons of Indian Origin).
- Online zero balance accounts have an initial balance limit of Rs. ...
- Foreign contributions cannot be made to zero balance accounts.
- IDFC First Bank Pratham Savings Account. ...
- YES Bank Smart Salary Advantage. ...
- IndusInd Bank-Indus Online Savings Account. ...
- DBS-DigiSavings. ...
- Kotak Mahindra Bank-811 Digital Bank Account. ...
- HDFC Bank - Basic Savings Bank Deposit Account. ...
- SBI - Basic Savings Bank Deposit Account.
- Capital One 360 Free Checking. Why you want it: It's as simple as it gets. ...
- Ally Interest Checking Account. ...
- Axos Rewards Checking. ...
- Schwab Bank High Yield Investor Checking Account. ...
- NBKC Personal Checking Account. ...
- Discover Cashback Debit. ...
- Chime Bank Account. ...
- USAA Free Checking.
- Union Bank of India.
- HDFC Bank.
- ICICI Bank.
- Kotak Bank.
- Bank of Baroda.
- Bank of India.
- Axis Bank.
- Canara Bank.
Which bank has low minimum balance?
| List of Banks | Minimum Balance Required(INR) |
|---|---|
| HDFC Bank Saving Accounts | 2500/5000/10000/25000 |
| ICICI Bank Saving Accounts | 0/1000/2000/2500/5000/10000 |
| IDBI Bank Saving Accounts | 500/2500/5000 |
| IDFC Bank Saving Accounts | 25000 |
| Company | Age Requirement | Minimum Deposit |
|---|---|---|
| Chase Best Overall | 13 to 24 | $0 |
| CapitalOne Best for High School Students | 8 to 18 | $0 |
| U.S. Bank Best for College Students | 18+ for solo account, 14-17 jointly with parent | $25 |
| Ally Best Online Bank | 18+ | $0 |