HDFC Bank Savings Account Interest Rate & Minimum Balance 2025

Updated on: Jun 4th, 2025

11 min read

HDFC Bank offers 14 types of savings accounts tailored to different customer segments, including youth, women, senior citizens, and rural customers. These accounts come with varied features, competitive interest rates, and minimum balance requirements to suit specific banking needs.

The HDFC Bank savings account interest rate is 3.00% p.a. for balances below Rs. 50 lakhs and 3.50% p.a. for Rs. 50 lakhs and above, calculated daily and credited quarterly.
The HDFC Bank saving account minimum balance requirement ranges from Rs. 0 to Rs. 3,00,000 depending on the type of savings account and branch location.

This article covers the latest HDFC Bank savings account interest rates, the types of accounts available, and more.

HDFC Bank Savings Account

HDFC Bank offers a range of savings accounts with unique features and benefits. These accounts provide easy access to funds and earn continuous interest. Tailored options are available for women, senior citizens, and other categories.

HDFC Saving Account Types

Here are the different types of savings accounts available at HDFC Bank:

Regular Savings Account

This is the regular savings account which is available at any bank. Below are some of the key features that HDFC customers get:

Safe deposit locker
Exclusive discounts and offers on online shopping
Mobile and net banking services
Free Demat account for the first year
Customised cheques for enhanced security
Indian residents, HUFs, foreigners residing in India (for a minimum of 180 days), and minors above 10 years of age are eligible for this account.

SavingsMax Account

These accounts can earn higher interest rates even if idle by using the auto sweep-out facility. Here are some key features:

Insurance up to Rs. 3.29 crore (accident hospitalisation, personal death, international air coverage, etc.)
Free demand drafts of up to Rs. 1 lakh daily at HDFC branches
Lifetime free InstaAlerts and BillPay
Free Demat account for the first year
50% discount on locker rental on a pro-rata basis for the first year
Cash withdrawal and balance check free at any ATMs, HDFC or non-HDFC
Free Platinum Debit Card with max 1% cashback
Indian residents, HUFs, foreigners residing in India (for a minimum of 180 days), and minors above 10 years of age are eligible for this account.

Women’s Savings Account

With this savings account, women get easy access to 360-degree banking solutions. Check out the key features:

Accidental cover of up to Rs. 10 lakhs
Personal death cover of up to Rs. 5 lakhs
Accidental hospitalisation cover of up to Rs. 1 lakh
Free Demat account for the first year
50% off on a Gift Plus Card on loading a minimum of Rs. 5,000 through net banking or the branch
Daily withdrawal of Rs. 25,000 from EasyShop Woman's Advantage Debit Card, and shopping limit of up to Rs. 2.75 lakhs daily
A joint account is available; however, the first account holder should be a woman
Foreign nationals residing in India for a minimum of 180 days are eligible

Senior Citizen’s Account

If you are a senior citizen applying for an HDFC savings account, you can avail of different investment and banking feature benefits. The features to look for are:

Senior citizens enjoy a preferential interest rate on fixed deposits
Free Demat account for the first year
Free debit card for the primary account holder
Doorstep banking facility for senior citizens above 70 years
Accidental hospitalisation coverage of up to Rs. 50,000 per year
Death cover of up to Rs. 5 lakh on Rewards Debit Card for air, road or rail accident
Lifetime free InstaAlerts and BillPay
Free traveller's cheque
A joint account is available; however, the primary account holder must be above 60 years of age

Savings Farmer’s Account

This card is specifically curated to make day-to-day banking easier for farmers. Here are the key features:

Minimum account balance of Rs. 2,500 to be maintained half-yearly
Coverage of up to Rs. 10 lakh for accidental death and disability
Free Demat account for the first year
Coverage of up to Rs. 4 lakhs with the Zero Liability insurance
Up to Rs. 3,000 cashback every year - 1% Cashback on education, fuel, apparel, groceries, and insurance (Max cashback of Rs. 250 per month)
Joint or individual accounts available

DigiSave Youth Account

Take a look at the exclusive features and benefits of HDFC Bank DigiSave Youth Savings Account:

Free Demat account for the first year
Daily shopping limit of up to Rs. 3 lakh at merchant outlets and online portals with Free MoneyBack Debit Card for the first year and ATM withdrawal limit of up to Rs. 25,000
Up to Rs. 3,000 cashback every year - 1% Cashback on education, fuel, apparel, groceries, and insurance (Max Cashback of Rs. 250 per month)
Education loans and Forex Cards are available at special discounts
Resident individuals within the age limit of 18 to 25 years are eligible

Specialé Gold and Specialé Platinum

If you are applying for an HDFC Bank Specialé Gold and Specialé Platinum savings account, these are the features to look at:

You can get a custom account number for your account
Free Personalised Platinum Debit Card
No charges are applicable on Demand Draft of up to Rs. 1 lakh daily for Gold and unlimited free Demand Draft for Platinum
Higher limit on offline and online and cash transactions
Free ATM transactions
Free Demat account for the first year
Indian residents are eligible for these savings accounts

Kids Advantage Account

This savings account aims to develop finance management skills among kids while simultaneously building their funds. Here are the key features:

Education insurance coverage of up to Rs. 1 lakh is available in case of accidental death of the parent
Auto-transfer or standing instructions can be set for monthly fund transfer from parent to kid’s accounts
Free ATM and international debit card
If the balance exceeds Rs. 25,000 and reaches Rs. 35,000, the MoneyMaximizer sweep-out facility automatically transfers the fund to an FD with 1 year and 1-day maturity tenure.
Minors up to 18 years of age are eligible if their parents have an HDFC savings account.

Basic Savings Bank Deposit Account (BSBDA)

This is a zero-balance savings account that comes with a free debit card to fit all your banking needs. Take a look at the key features:

Free cash deposits at branches and ATMs
Instant access to your account with a RuPay card
Lifetime free BillPay access
Access to NetBanking, PhoneBanking, and MobileBanking facilities
Indian residents and HUFs with no existing BSBDA account with another bank and savings account with HDFC are eligible

HDFC Bank Savings Account Interest Rate

Here’s the latest HDFC Bank savings account interest rate applicable as of April 12, 2025, for all Domestic, NRO, and NRE accounts:

Savings Account Balance	Interest Rate p.a.
Less than Rs. 50 lakh	2.75%
Rs. 50 lakh and above	3.25%

*Interest is paid at quarterly intervals.

*Your savings account interest is calculated on a daily balance maintained in the account.

HDFC Bank Savings Account Minimum Balance

Find HDFC Bank savings account minimum balance details for different types of savings accounts in the following table:

Type of Savings Account	Minimum Balance Required
Regular Savings Account	Average Monthly Balance (AMB) of: Rs. 10,000 (urban and metro branches) Rs. 5,000 (semi-urban branches) Rs. 2,500 (rural branches)
SavingsMax Account	AMB of Rs. 25,000
Senior Citizen’s Account	AMB of Rs. 5,000
Women’s Savings Account	AMB of: Rs. 10,000 (urban and metro branches) Rs. 5,000 (semi-urban and rural branches)
Savings Farmer’s Account	Annual Half-yearly Balance (AHB) of Rs. 2,500
DigiSave Youth Account	AMB of: Rs. 5,000 (urban and metro branches) Rs. 2,500 (semi-urban and rural branches)
Specialé Gold and Specialé Platinum	Annual Quarterly Balance (AQB) of Rs. 1,00,000 (Gold) AQB of Rs. 3,00,000 (Platinum)
Kids Advantage Account	AMB of Rs. 5,000
Basic Savings Bank Deposit Account (BSBDA)	0
Super Kids Savings Account	AQB of Rs. 1,00,000
Government Scheme Beneficiary Account	0
Institutional Savings Account	0

HDFC Savings Account Maximum Balance

There is no maximum balance limit that you need to maintain in an HDFC Bank savings account. However, investors must remain aware of the deposit limits and ensure all the account activities are aligned with Income Tax regulations.

Penalty for Not Maintaining Minimum Balance in HDFC Savings Account

As you can see from the table above, you need to maintain a minimum balance in your savings account to keep it active. In case of failure to do so, the following penalty will be applicable:

Savings Bank Account Type	Penalty for Non-Maintenance of Minimum AMB/ AHB or AQB Balance
All Savings Accounts except Saving Farmers Accounts	6% of the shortfall from the average balance or Rs. 600, whichever is lower
Saving Farmers Account	6% of the shortfall from the average balance or Rs. 900, whichever is lower

HDFC Saving Account Charges

Here are the other charges and fees associated with HDFC Bank savings accounts that you should be aware of:

Attributes	Charges and Fees
Cheque Book Facility	25 cheques per year – free of cost Additional 25 cheques – Rs. 100 (Free cheque limit can vary depending on the type of savings account)
ATM Card Replacement Charge	Rs. 200 + taxes
Cash Transaction Charges (Cumulative of Deposit and Withdrawal by Self / Third party)	First 4 transactions each month – free of cost Each transaction post that costs Rs.150 (First free transaction limit can vary depending on the type of savings account)
Debit Card/ ATM Issuance and Annual/ Renewal Charges	Rs. 0 – Rs. 2,500 (varies on the type of account and card)
Account Closing Charges	Within 14 days: NIL Between 15 days to 1 year: Rs. 500 After 1 year: NIL

HDFC Saving Account Transaction Limit

HDFC Bank savings account levies certain limits on transactions and deposits that you must always remain aware of. Know them in the table below to avoid unannounced penalties:

Particulars	Applicable Charges
Cash transactions (Including deposits and withdrawals)	Rs. 150 per transaction, after 2nd or 5th transaction per month (depending on the account type) Third-party transactions maximum of Rs. 25000 per day
Demand Draft or Manager’s Cheque issuance/ re-issuance (HDFC branches)*	Through branch Up to Rs. 10,000 – Rs. 50 Above Rs. 10,000 – Rs. 5 per thousand (min Rs. 75 and max. Rs. 10,000)
	Through net banking Up to Rs. 10 lakh – Rs. 50 + corresponding bank charges, if any
Demand Draft issuance (non-HDFC branches)	Rs. 50 plus the following charges as applicable: Up to Rs.500 – Rs. 10 Rs. 500 to Rs. 1,000 – Rs. 15 Rs. 1,000 to Rs. 5,000 – Rs. 25 Rs. 5,000 to Rs. 10,000 – Rs. 30 Rs. 10,000 to Rs. 1 lakh – Rs. 3 per 1000 Above Rs. 1 lakh – Rs.6 per 1,000 (max. Rs. 10,000)
ATM Transaction (HDFC Bank ATM)	Unlimited free transactions across all cities Free first 5 transactions for regular savings account (Rs.21 per transaction after the 5th transaction)
ATM Transaction (Non-HDFC Bank ATM)	Free first 3 transactions in metro cities Free first 5 transactions in non-metro cities
NEFT fees – outward (at HDFC branches)	Up to Rs. 1 lakh – Rs. 2+ GST / transaction Above Rs. 1 lakh – Rs. 10 + GST / transaction
NEFT fees – Indo-Nepal transaction	NSBL account – Rs. 20 Non-NSBL account – Rs. 70 (up to Rs. 5,000) and Rs. 95 (above Rs. 5,000)
RTGS fees (outward)	Rs. 2 lakh and above – Rs. 15 + GST per transaction (at HDFC branches)
IMPS (outward)	Less than Rs. 1,000 – Rs.3.50 + taxes per transaction Rs. 1,000 to Rs. 1 lakh – Rs. 5 + taxes per transaction More than Rs. 1 lakh – Rs. 15 + taxes per transaction
NEFT and RTGS – outward (online)	Free

*DD amounts up to Rs. 1,00,000 for Imperia/ Preferred and Rs. 50,000 for other customers are accepted through phone banking.

How to Open an HDFC Saving Account?

To open an HDFC Savings account, you can use either online or offline mode. Take a look at the simple steps of the application process for both modes.

Online:

Step 1: Go to the bank’s website or download the HDFC app.

Step 2: Choose the type of savings account as per your requirements and eligibility and click the ‘Open Instantly’ option.

Step 3: Validate your mobile number and choose the Aadhaar option. Provide other details such as name, address, etc.

Step 4: Provide documentation and complete video KYC for verification.

Step 5: Once your details are verified, you will be able to access your bank account.

Offline:

Step 1: Visit the nearest HDFC branch.

Step 2: Fill out the application for the type of savings account you want to open.

Step 3: Provide your ID and address proof.

Step 4: Deposit the minimum amount required.

Step 5: Your account will be activated post verification.

Documents Required for Opening Savings Account in HDFC Bank

You will need the following documents to open an HDFC Bank savings account successfully:

PAN card
Passport-size photographs
ID and address proof (Aadhaar/ Voter ID/ Driving License/ Passport/ Central or State Govt. issued certificate)

How to Close HDFC Saving Account?

You can follow the steps given below to close your HDFC savings account:

Step 1: Download the account closure form from the website or obtain the form from the bank branch.

Step 2: Fill it carefully and take it to the nearest HDFC branch. Don't forget to carry your original ID for verification purposes.

Step 3: Attach KYC documents for verification. Self-attest, if required.

Step 4: Submit the passbook and chequebook along with the form.

Step 5: The bank will issue an acknowledgement receipt, and your account will be closed within 10 days.

HDFC Saving Account Features

HDFC Savings account comes with some unique features:

No initial amount is required to open an account.
No average monthly balance is required for BSBDA.
No charges are applicable for reactivating a dormant account.
Free international debit card and first chequebook.
No limit on cash deposits.
4 free transactions are allowed per month.
There is no upper limit on the maximum deposit amount.

HDFC Saving Account Benefits

Along with the features, the HDFC Savings account also offers some exclusive benefits to the account holders. Some of them are:

Multiple types of savings account options are available to meet every customer's requirements.
Widest ATM network across India.
Monthly email account statements are available.
Account holders and their whole family can benefit from one savings account.
A Money Maximizer or Sweep-out facility is available for transferring surplus funds into high-earning fixed deposits.

There are so many types of savings accounts by HDFC to choose from. Understanding the latest HDFC Bank savings account interest rate and the applicable HDFC Bank saving account minimum balance helps you choose the right account type for your needs.

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Frequently Asked Questions

How to open an HDFC bank savings account?

You can either visit the nearest HDFC bank branch or apply online by submitting the duly filled form and required documents.

What are the documents required to open an HDFC Bank savings account?

You will need to submit address and ID proof such as a passport, driver's licence, PAN Card or Form 16, passport-size photographs, and the duly filled application form.

What is the interest rate of an HDFC bank savings account?

The HDFC Bank savings account interest rate is 2.75% p.a. for balances below Rs. 50 lakh and 3.25% p.a. for balances of Rs. 50 lakh and above. Interest is calculated daily and credited quarterly. Rates may vary based on account type and balance maintained.

What is the interest rate for HDFC senior citizens' savings accounts?

HDFC Bank's Senior Citizens Savings Account offers an interest rate of 4% per annum.

What is the interest rate for HDFC savings account Max?

The HDFC SavingsMax account offers the same interest rates as the regular savings account. The rates are 2.75% per annum for balances less than Rs. 50 lakh and 3.25% per annum for balances of Rs. 50 lakh and above.

How often is interest paid on a savings account HDFC?

Interest is paid in quarterly intervals on an HDFC savings account.

What is the minimum balance requirement for an HDFC Bank savings account?

The minimum balance requirement varies: Rs. 10,000 for urban branches, Rs. 5,000 for semi-urban branches, and Rs. 2,500 for rural branches for a Regular Savings Account. Other account types have different requirements, and the Basic Savings Bank Deposit Account (BSBDA) has no minimum balance requirement.

What are the consequences of not maintaining the minimum balance in my HDFC bank savings account?

The bank can levy penalty or non-maintenance charges if you do not maintain the minimum balance in your HDFC Bank savings account.

How many types of savings accounts are in HDFC Bank?How many types of savings accounts are in HDFC Bank?

There are approximately 14 types of savings accounts in HDFC Bank. You can get the details by visiting their branch, calling their customer care number, or going to their website.

Can I change my HDFC account type?

Yes, you can change or upgrade your HDFC account type as per your requirements.

What is a savings max account in HDFC?

HDFC MaxSavings Account has multiple features and benefits, such as insurance and cross-product benefits. This type is suitable for almost everyone with daily banking needs.

Which savings account is best in HDFC?

HDFC MaxSavings Account comes with various perks and is considered better than a regular savings account. However, you can choose your best option from the available options as per your banking requirements.

Does HDFC have a zero-balance savings account?

Yes, the HDFC Basic Savings Bank Deposit Account (BSBDA) is a zero-balance savings account.

About the Author

Mayashree Acharya

Senior Content Writer

I am an advocate by profession and have a keen interest in writing. I write articles in various categories, from legal, business, personal finance, and investments to government schemes. I put words in a simplified manner and write easy-to-understand articles. Read more

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