Managing money across multiple bank accounts, deposits, and equity/stocks can quickly become overwhelming. When your financial data is scattered, it’s difficult to understand where you stand or make confident decisions.

This is where HDFC Bank DigiPassBook (My Money) simplifies everything. Acting as a powerful financial organisation app, it brings all your financial information into one place, helping you track net worth online with ease and accuracy.

Net worth is one of the simplest ways to understand your financial position. It represents the difference between what you own and what you owe.

 Assets are things that hold financial value and belong to you. These may include:

• Savings Account balances
• Fixed Deposits and Recurring Deposits
• Investments such as equities and ETFs
• Property and vehicles
   

 Liabilities are financial obligations or dues that you need to repay. Examples include:

• Home Loans
• Personal Loans
• Credit Card dues
• Other outstanding payments
   

Net Worth = Assets – Liabilities

Tracking this regularly can help you better understand your financial progress over time.

Monitoring your finances regularly can help you:

• Understand spending habits
• Track savings growth
• Monitor investments 
• Identify unnecessary expenses
• Plan future financial goals
• Stay aware of liabilities and repayments
   

However, doing this manually across multiple institutions may become difficult as your finances grow. 

HDFC Bank DigiPassBook (My Money) feature is an intelligent financial dashboard available within Mobile Banking, Smart Wealth and SmartApp that consolidates your financial data across institutions.

Using a secure, consent-based framework, it connects your savings account and presents a unified view of your: Balances and Transactions across all Banks

• Fixed and Recurring Deposits 
• Equities and ETFs across depositories 
   

In simple terms, it works like a powerful net worth calculator on HDFC Bank Platform, eliminating the need for spread sheets or multiple apps.

The feature works through the RBI-regulated Account Aggregator framework, which allows financial information to be shared securely and only with user consent.

Once users link eligible accounts and provide approval:

• financial data is fetched securely,
• balances are consolidated, 
• investments are displayed together,
• and insights are organised into a simplified dashboard. 
   

This helps users manage finances online through one interface instead of using multiple applications.

View all your accounts, deposits and equities or stocks in one place without switching between apps through DigiPassBook (My Money).

1. Track Net Worth Online in Real Time: 
Automatically calculates your net worth by aggregating assets and liabilities

2. Consent-Based Account Aggregation: 
Securely link accounts across banks using the RBI-Regulated Account Aggregated framework

3. Track Your Investments: 
Monitor equities, ETFs and deposits across platforms in a single view.

4. Seamless Mobile Access: 
Access everything instantly through Mobile Banking and Smart Weath anytime, anywhere.

You can start tracking your finances in just few steps:

1. Log in to your HDFC Bank Mobile Banking or SmartWealth.

2. Go to the DigiPassBook (My Money) section.

3. Verify your identity via your mobile number and OTP.

4. Select and link the accounts using consent-based access.

5. View your consolidated dashboard with balances, transactions and equities/stocks.

Once set up, your financial data is automatically updated, allowing you to track net worth online anytime. 

HDFC Bank’s DigiPassBook (My Money) brings together key components of your finances to help you understand your net worth better.

• Assets
• Savings and Current Account balances across banks
• Fixed Deposits and Recurring Deposits
• Equity and ETF investments across depositories 

Besides tracking net worth online and improving financial organisation, a consolidated view of your finances can also help unlock better banking benefits. Need a higher Personal Loan or wish to know your eligibility for a Credit Card upgrade? Simply access DigiPassBook (My Money) through Mobile Banking and provide consent to link your bank accounts and investment accounts.

Usually, when you apply for a Credit Card or Personal Loan, the bank may evaluate funds visible within the bank relationship. HDFC Bank’s MYMONEY feature consolidates your financial data in one place (viz., Savings Account, Salary Account, Equity, ETFs), allowing the bank to understand your net worth and financial behaviour across accounts. This may make you eligible for:

• Higher Personal Loan amounts
• Credit Card offers
• Pre-Approved offers
   

Explore now

With a strong enough financial profile, you may become eligible for HDFC Bank’s High-Net-Worth (HNW) banking programme. Benefits include:

• Wealth Management Services
• Premium Debit Card with exclusive rewards
• Competitive rates on Deposits and Loans
• Global banking access
   

Know more

Building wealth starts with knowing where you stand. When your financial data is scattered, decisions are often based on assumptions. However, when everything, be it from bank balances to investments, is visible in one place, you gain the clarity needed to act with confidence. DigiPassbook (My Money)simplifies this process by turning complex financial data into a clear and actionable snapshot, thereby helping you track your net worth. 

Log into Mobile Banking and start using HDFC Bank DigiPassBook (My Money) today to track your net worth online and manage your finances smarter in one place 

*Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. You are recommended to obtain specific professional advice from before you take any/refrain from any action. Investments are subject to changes in tax laws. Please contact a professional consultant for an exact calculation of your liabilities.