What is the minimum balance for HDFC savings account?

Hi there. I was checking what is the minimum balance in HDFC Bank a couple of weeks ago as both I and my partner were looking forward to opening savings accounts. I found that the minimum balance requirement is dependent on the branch type, whether you have the account in the metro/urban, semi-urban or rural branch. The minimum balance requirement in HDFC varies from Rs. 2,500 to Rs. 10,000. Let me describe this better, below.

 What is the Minimum Balance in HDFC Bank Savings Account?

Here are the minimum balance requirements set by the HDFC Bank for a savings account.

How to Open a Savings Bank Account in HDFC Bank?

Let me also share the steps to open the account online:

1. Go to the HDFC Bank website and click on the Select Product Type option and then choose Accounts.

2. Then, click on the Savings Account option from the Select Product section.

3. Click the Apply Online button. Then, enter your mobile number, fill in the received OTP and select the Aadhar option for digital account opening. 

4. Fill in the needed information. Then, fill in the nominee details and extend.

5. You’ll be asked to submit documents such as Aadhar, PAN and any other documents.

6. Complete video KYC and finish your account activation.

7. Once the verification is complete, the bank will send you the welcome kit comprising all the documents and information regarding your account.

I hope you now know what is the minimum balance in HDFC savings account.

Hi mate! I have been a customer of HDFC bank since I got my first job in 2009. The bank has been consistent with its service and I find them reliable. When I was new to this bank, I wondered about the minimum balance in HDFC savings account. 

After visiting the branch, I got to know about their regulations regarding this subject. I am sharing all the updated information regarding the HDFC minimum balance. Apart from this, you can also find the information about the rate of interest charged for savings accounts by the HDFC Bank. Continue reading to find out.

HDFC savings account minimum balance

I visited the HDFC website to extract all of this information. So, you can relax when it comes to the accuracy of this information. I have tried and tested it myself. Here you go.

The minimum balance needed, known as the average monthly balance or AMB requirement depends on the savings account type you have chosen and your location. These are the balance requirements set by HDFC:

• 7500 rupees for metro/urban branches

• 5,000 rupees for semi-urban branches

• 2,500 rupees for rural branches

Rate of Interest charge on a HDFC savings account

The below table showcases the interest rate on a HDFC savings account.

I hope this helps you with the HDFC minimum balance for savings account.

HDFC Bank is one of the most popular banks in India. I went to the bank branch last week and asked HDFC bank minimum balance for savings account. The bank manager shared with me the minimum balance requirement for regular savings accounts, the minimum balance requirement is Rs. 10,000 for urban and metro areas and Rs. 5,000 for semi-urban and rural areas. Keep reading to know more.

• It is mandated that HDFC

  bank minimum balance for savings accounts

  is Rs. 10,000 for urban branches, Rs. 5,000/- for Semi-urban branches and Rs. 2,500 for rural branches.

• It is necessary for the account to have a of Rs. 10,000 or Fixed Deposit of Rs 1 Lakh for minimum 1 year 1 day period (w.e.f 1st July 22)  for urban branche.

• The  average monthly balance of Rs.5000 or Fixed Deposit of Rs 50,000 for minimum 1 year 1 day period (w.e.f 1st July 22) for semi-urban branches. 

• The average quarterly balance of Rs. 2500 or a Fixed Deposit of Rs. 25,000 for a minimum tenure of 1 year 1 day (w.e.f 1st July 22) for rural branches.

If the average balance is not maintained, the following charges will be levied:

*Service Tax + Cess applicable

AMB – Average Monthly Balance

*Service Tax + Cess applicable

AQB – Average Quarterly Balance

This is all from my end on

HDFC bank minimum balance for savings account