Savings Max Account

What's in store for you

More rewards than ever before

Insurance Benefits

  • Accidental Hospitalisation cover of ₹1 lakh

Cross-Product Benefits

  • Locker service available at a 50% discount for the first year

Transaction Benefits

  • Unlimited cash withdrawals and balance enquiries across HDFC Bank ATMs

Check out the deals

  • CashBack and discounts with Debit Card: 5% CashBack on shopping via PayZapp and SmartBuy.

  • SmartBuy Offer: Click here

  • PayZapp offer: Click here

  • UPI offers: Click here

  • NetBanking offers: Click here

  • BillPay offers: Click here

Savings Max Account

Key Benefits

Know more about Savings Max Account

Value Chart

Savings up to ₹26,000*

Product Features SAVINGS
Personal Accidental Death Cover of ₹10 lakh on your SavingsMax Account* ₹1,500 per year
Personal Accidental Hospitalisation cover of ₹ 1 lakh per annum* ₹1,000 per year
Personal Accidental Death Cover of ₹15 lakh on your Platinum Debit Card* ₹2,600 per year
Air Accident Cover of ₹3 Cr* ₹1,200 per year
Waiver on Platinum Debit Card charges for the primary holder ₹850 per year
Waiver on Platinum Debit Card charges for the secondary holder ₹850 per year
CashBack on Swiggy, Bookmyshow, international spends with Debit Card ₹9,000 per year
50% off on Lockers rental for the first year on SavingsMax account
(Assuming Medium / Small sized locker)		 ₹3,000 per year
Domestic Airport Lounge Access - 2 per quarter on Platinum Debit Card
(assuming 4 usage per year)		 ₹6,000 per year
Total savings ₹26,000

* Terms and Conditions Apply

Value Chart

Fees & Charges

  • Account Opening Charges: Nil
  • Average Monthly Balance (AMB): AMB for Metro / Urban / Semi Urban/ Rural - ₹25,000 or having an FD Relationship with the Bank (₹1.50 lakh in Metro/ Urban location & ₹1 lakh in Semi Urban/Rural location). Non-maintenance charges applicable*
  • Check Depositing Charges: Nil for cheque deposited into your account in a city other than the city, in which your account is located
  • Charges for Payable at Par Cheques: Nil for cheques issued in a city outside your account charges.
  • Issue Of Duplicate / Adhoc Online Statement: No charge for last 5 years statement through NetBanking or e-Statement on registered E-mail ID
  • Issue Of Duplicate/Adhoc Offline Statement (Physical Copy): ₹100 for Regular Account holders, ₹50 for Senior Citizen Account holders

To check the comprehensive list of savings fees and charges, please click here.

Click here for T&Cs for Savings onboarding offers

Fees & Charges

Loan Offers

  • Up to 90% financing on the on-road price of your vehicle and a 7-year tenure

  • Save ₹2,375 with a 50% discount on processing fees for Two-Wheeler Loans

Additional product features over and above the value proposition

Deals & Offers

Check out the deals

CashBack and discounts with Debit Card: 5% CashBack on shopping via PayZapp and SmartBuy.

SmartBuy Offer: Click here

PayZapp offer: Click here

UPI offers: Click here

NetBanking offers: Click here

BillPay offers: Click here

Special Discounts and Offers

  • Get up to 90% finance on the on-road price of a vehicle and 7-year tenure when you apply for an Auto Loan
  • Save ₹2,375 and get a 50% discount on the processing fees when you apply for a Two-Wheeler Loan 
  • 50% discount on the issuance charges when you load a minimum of USD 2,000 (or equivalent) on a Forex Plus Card at any branch 
  • 50% discount on the issuance of a Gift Plus Card when you load a minimum of ₹5,000 on the card through the branch or via NetBanking 
Additional product features over and above the value proposition

MoneyMaximizer Facility (Sweep-out facility)

MoneyMaximizer

With our MoneyMaximizer facility, convert your surplus money into high earning Fixed Deposits with the flexibility of using these funds whenever required. So you get the best of both the worlds - the liquidity of a Savings account and the benefit of higher interest rates

  • Maximize Returns - Money is never idle in the savings account. Creation of a linked Fixed Deposit ensures higher earnings through a higher rate of interest as against the regular savings bank interest rate.
  • Hassle free Fixed Deposit booking - Automated Fixed Deposit booking based on predefined thresholds ensures there is no need to visit or contact the branch to book Fixed Deposits
  • Maximize Flexibility & Liquidity - Fixed Deposits booked through the MoneyMaximizer facility comes along with sweep-in facility. Thus the shortfall of funds in the savings account can be addressed through sweep-in of funds from Fixed Deposits booked through sweep-out.
  • Auto Renewal - Under this facility, when your deposits fall due, the bank will automatically renew the principal and accrued interest for the same tenure as the original deposit

 

Eligibility

MoneyMaximizer facility is available on demand with the SavingsMax, Women’s Savings account and the Kid's Advantage account.


Particulars
 		 SavingsMax/NR Elite Account Women’s Savings Account Kid’s Advantage Account
Sweep-out facility threshold In the event of the balance in SavingsMax account exceeding / reaching Rs.1,25,000/-, the amount in excess of Rs. 1,00,000/- will be swept out in to a Fixed Deposit In the event of the balance in Women’s Savings Account exceeding / reaching Rs.1,00,000/-, the amount in excess of Rs. 75,000/- will be swept out in to a Fixed Deposit In the event of the balance in Kid’s Advantage account exceeding / reaching Rs.35,000/-, the amount in excess of Rs. 25,000/- will be swept out in to a Fixed Deposit
Minimum amount of FD booked through sweep-out Rs 25,000/- Rs 25,000/- Rs 10,000/-
Minimum amount retained in Savings account post Sweep-out Rs 1,00,000/- Rs 75,000/- Rs 25,000/-
Maximum amount of FD booked through sweep-out Rs. 14,99,999/- Rs. 14,99,999/- Rs. 14,99,999/-
Example - 1 If the balance in the a/c reaches Rs.1,35,000/-, amount retained in the a/c will be 1,00,000/- & value of FD booked will be Rs.35,000/- If the balance in the account reaches Rs.1,10,000/-, amount retained in the a/c will be 75,000/- & value of FD booked will be Rs.35,000/- If the balance in the account reaches Rs.40,000/-, amount retained in the a/c will be 25,000/- & value of FD booked will be Rs.15,000/-
Example - 2 If the balance in the a/c reaches Rs.1,24,900/-, total amount is retained in the a/c, no fixed deposit would be booked If the balance in the account reaches Rs.99,900/-, total amount is retained in the a/c, no fixed deposit would be booked If the balance in the account reaches Rs.34,900/-, total amount is retained in the a/c, no fixed deposit would be booked

 

Important note

  • Sweep Out from CASA accounts will be considered and allowed at UCIC ID / Cust ID level for booking of Fixed Deposits. The Fixed Deposit terms and conditions to such sweep out cases will also be applicable at Cust ID / UCIC level of customer.The interest rate applicable on multiple deposits, across all channels, made by the same customer in a single day( through sweep out / renewal / fresh booking ) in one particular tenor bucket would be the rate which is applicable for the aggregate value
  • Sweep-out request will be processed only if PAN number of the 1st applicant is quoted on the Savings Account Opening Form or MoneyMaximizer form
  • Sweep-out will be triggered every Monday, at the start of the day
  • An email advice will be sent to the email id, for the Fixed Deposits booked through this facility. Physical hard copies of the advices will not be sent on the mailing address
  • Fixed Deposits will be booked for a tenure of 1 year 1 day, at the prevailing interest rates.
  • Sweep - In facility is available by default on the Fixed Deposits booked through sweep-out.
  • The customer will be eligible for senior citizens rates on Fixed Deposits only if the age proof has been provided to the Bank, and status of customer ids updated as senior citizen
  • Funds from the Fixed Deposit booked through sweep-out would be utilized only for shortfall of funds. Any shortfall in minimum balance requirement would not be fulfilled through Money Maximizer facility.
  • Sweep in facility is available for IPO Application through ASBA/ rights issue.
  • Sweep in facility is not available for investing in securities. There should be sufficient clear balance in account for such processes
  • Rest of the T&C would be as per respective Savings account & Fixed Deposit booked for customer.
    (To know more about the Savings account ==> Refer respective Savings account product page
    To know more about your Fixed Deposits ==> Refer Fixed Deposits Section)
Additional product features over and above the value proposition

Most Important Terms and Conditions

For Cyber insurance/Hospicash facility, you need to carry out at least 1 purchase transaction i.e POS/ ECOM transaction using the Debit Card, within 12 months prior to the event date. ATM transactions or withdrawals will not be considered under successful debit card purchase transactions)
 
Click here to know more about doorstep banking
 
Please note:
 
  • Bank reserves the right to change/ modify/ withdraw/ suspend the offers from time to time.
  • In case of any issue relating to the above offer including any dispute or discrepancy or non-receipt of voucher or on my/our eligibility, HDFC Bank’s decision shall be final and binding on me/us in all respects.
  • Click to know more about doorstep banking
  • Interest rates are subject to change. Please check with your RM or closest bank branch for current interest rates. 
  • FD cushion is not applicable for claiming merchant benefits. Only successful debit card transactions will be considered and reversals on any transactions will not be considered as successful debit card transactions. ATM transactions or withdrawals will not be considered under successful debit card transactions. Account upgrades are not eligible for these offers
  • Merchant alliance offers are not eligible for account upgrades and will be provided only on new account opening. However, the Customer will be eligible for other product benefits on Investments / Transaction benefits like ATM, Cash, Cheque book/ etc. will be eligible. Any downgrade in the product (to Other Savings account) would lead to the Customer for not being eligible for Merchant Alliance benefits.
  • Bank reserves the right to change/ modify/ withdraw/ suspend the offers from time to time.
  • Customer would be eligible for all the subject debit card offers only once and cannot re-apply for the offers. The offers can be availed only once by the customer and would not be applicable for another account opened under the same product
  • Vouchers will be sent to you on your registered mobile number and email ID. The Bank will not be responsible or liable in case the above offer is not configured or could not be availed due to any restrictions including DNC/ NDNC or any delay, congestion on any telephone network or line or issues related to computer on-line system, servers or providers, website or mobile app or any other reason beyond the control of HDFC Bank.
Additional product features over and above the value proposition

Wondering if you are eligible?

The following are eligible to open an HDFC Bank Savings Max Account:

  • Resident Individual (sole or joint account)
  • Hindu Undivided Families
  • Foreign Nationals Residing in India*
  • Minor above the age of 10 years

*Foreign Nationals residing in India may open a Savings Max Account by temporarily attaching an undertaking (QA 22 Form) stating their sources of credit with a copy of their residence permit

 

Savings Max Account

Documents required to get you started

Officially Valid Documents (OVDs) for establishing Proof of Identity And Mailing Address

OVD (any 1)

  • Passport 
  • Aadhaar card
  • Voter ID 
  • Driving licence
  • Job Card
  • Letter issued by the National Population Register

**Proof of possession of Aadhaar (any 1):

  • Aadhaar letter issued by UIDAI
  • E-Aadhaar only downloaded from UIDAI website
  • Aadhaar Secure QR Code
  • Aadhaar Paperless Offline e-KYC
  • Click here to see the complete documentation details.

Ways to open a Bank Account

Frequently Asked Questions

To apply for an HDFC Bank Savings Max Account, visit the HDFC Bank website or any branch. Fill out the application form, submit the required documents (ID proof, address proof, and photograph), and deposit the minimum required amount. Alternatively, you can also apply online through the HDFC Bank website or mobile app. 

Yes, you need to provide identity proof (Aadhaar Card, PAN Card), address proof (latest utility bill, passport), and income proof (latest salary slips for salaried individuals, income tax returns for self-employed individuals) to open a Savings Max Account. 

The HDFC Bank Savings Max Account offers several benefits to account holders. These include total insurance cover up to ₹3.29 crore, providing financial security for you and your family. Account holders can earn higher interest rates on idle money with the MoneyMaximizer facility, ensuring that your money works harder for you. Finally, the account provides free insurance cover, offering peace of mind for you and your loved ones. 

Grow your savings today with flexible, safe and easy banking.

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