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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

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