Women Savings Account

GIGA Savings Account by HDFC Bank

Fuel your gig savings with an account that complements your lifestyle
 

  • Saving Account exclusively for Gig workers
  • No Minimum Balance required* for Zomato delivery partners (eligibility criteria applicable) 
  • Open your GIGA account with Rs 99/- initial deposit only
  • Manage and track your account as you go on mobile with HDFC Bank Mobile App or on WhatsApp 

Additional benefits with Giga Account:
 

  • Insurance benefits -  
  • Investments - Invest as and when you can, starting from Rs. 100 only. Click here to start 
  • GIGA Business Debit Card: This is a completely optional card. Apply for a GIGA debit card & enjoy offers, discounts and Complimentary Personal Accidental Death Cover (PADC) for up to Rs. 10 lakhs** (Annual fee of Rs.250 plus taxes applicable)
Eligibility Criteria Documentation required

For opening Giga account: 
 

  • A resident of India,
  • Minimum 18 years of age,
  • A Gig worker / freelancer

For waiver of minimum balance criteria *-

  • Must be an active delivery partner of Zomato
  • Must receive at least 1 credit from Zomato every month per quarter in GIGA Savings account
     

You will need the following to open your GIGA Savings Account online
 

  • A valid Aadhaar number
  • A valid PAN
  • Mobile number linked to your Aadhaar number

Fees And Charges
 

  Metro and Urban Semi Urban Rural
Average Quarterly Balance (AQB) requirement ₹10,000/- ₹5,000/- ₹2,500/-
Non maintenance Charges (NMC) 6% of the shortfall from the Average Quarterly Balance (AQB) requirement OR ₹600 (whichever is lower) 6% of the shortfall from the Average Quarterly Balance (AQB) requirement OR ₹300 (whichever is lower)
NMC waiver 

NMC is waived for Delivery Partners of Zomato subject to the following 

  • Active delivery partner of Zomato 

  • Minimum 1 Credit per month in every quarter from Zomato in your GIGA savings account 

In case above conditions are not met, then AQB balance to be maintained as above
Initial deposit required to open your account online ₹99/-

Steps To Open GIGA Account
 

  • Provide your Aadhaar-linked mobile number, Date of birth and PAN. 
  • Start your GIGA account opening journey by clicking here
  • Enter and submit the OTP received on your mobile. 
  • Verify with Aadhar e-KYC by generating a new OTP and submitting it. 
  • Verify all your details on the screen and click on 'continue'. 
  • GIGA Savings account gets generated 
  • Fund your account online via UPI/Net Banking with Rs 99/-  
  • Complete the Video KYC (V-KYC) verification through a video call with a bank representative. 
  • Your bank account will be activated, and you can start using it immediately.

Handy tips for VKYC (Video KYC)​

  • Keep below things handy-

    • Original PAN card​
    • A blank white paper and a blue/black pen​
  • Initiate VKYC from either Permanent or Mailing Address provided in your application journey​
  • During VKYC you should be able to confirm the details that you have submitted in the application journey​
  • Ensure you have a good internet connection​
  • Ensure you are in a well-lit room​
  • VKYC link is valid for 72 hours.​
  • Connect anytime between 10 am and 12 midnight, 7 days a week.​
  • If VKYC is not completed after 72 Hrs,​

    • Request bank branch to re-trigger the V-KYC link​
    • Visit branch to complete KYC and account activation​

Frequently Asked Questions

You can simply click here to open a GIGA Savings Account. 

To open an account online, you will need:

  • Valid Aadhaar Number

  • Valid PAN 

  • The mobile number linked to Aadhaar 

Average Quarterly balance (AQB) requirement AQB Non-maintenance charges
Metro/ Urban: ₹10,000 6% of the shortfall from the Average Quarterly Balance (AQB) requirement OR ₹600 (whichever is lower)
Semi-Urban ₹ 5,000/ Rural: ₹2,500 6% of the shortfall from the Average Quarterly Balance (AQB) requirement OR ₹300 (whichever is lower)

Please note criteria for NO minimum balance requirement is as below - 

  • You should be active delivery partner of Zomato 

  • There must be minimum 1 credit per month in every quarter from Zomato in your GIGA Blue savings account 

A GIGA Saving Account has been specially curated for Gig workers like delivery partner.

The interest rate on the GIGA Savings Account may vary based on your account balance. HDFC Bank account holders enjoy attractive interest rates, with the interest amount getting crediting quarterly. You can click here to view the latest prevailing rates.

To apply for GIGA Business debit card, you must visit the nearest branch or apply online. Please note, issuance charges and annual fee of  Rs.250/- will be applicable.

Yes, the account can be opened in joint names, however you must visit the nearest branch to add other names to account.

Incase of NO credit, you need to maintain Average quarterly balance (AQB) as mentioned above else non-maintenance charges will be applicable if AQB is not maintained.

Visit any HDFC Bank branch and furnish other forms of ID and address proof to open your account. Commonly accepted forms of ID and address proof are as follows: 

  • Valid Passport (ID and address proof) 

  • Voter's Identity Card issued by the Election Commission of India (ID and address proof)

  • Valid Permanent Driving license (ID and address proof)