Regular Salary Account

A Regular Salary Account is an account provided by HDFC Bank that offers a zero-balance facility, and a range of benefits specifically designed for salaried individuals. Apply for a Regular Salary Account online now. 

The Regular Salary Account has no minimum balance requirement when there is a regular salary credit from the corporation. If there is no salary credit for 3 months, the account will be converted to a Saving Regular Savings Account with applicable charges and requirements. 

No, there is no minimum deposit required to open a Regular Salary Account online in India. It offers zero-balance banking with no minimum balance requirement. 

To open a Regular Salary Account, your monthly salary must be at least ₹15,000. Also, you must be employed by a corporation that maintains a salary account relationship with HDFC Bank.

The HDFC Bank Regular Salary Account features a zero-balance requirement, dynamic limits across HDFC Bank ATMs and other bank ATMs, and a an insurance protection cover. It also offers a range of discounts and CashBack offers on shopping, dining, and travel. 

The benefits of a Regular Salary Account include: 

1. CashBack and Discounts: Get up to ₹3,000 CashBack every year and enjoy CashBack on various categories of purchases. 

2. Insurance Coverage: Enjoy personal accidental death cover of up to ₹10 lakh and fire and burglary overdraft protection of ₹2 lakh. 

3. International Air Accident Cover: Get additional international air coverage of flat ₹1 crore on the purchase of an air ticket using your Debit Card. 

4. Fuel Surcharge Waiver: Benefit from fuel surcharge waiver for transactions done on HDFC Bank swipe machines. 

5. Airport Lounge Access: Get complimentary access to Clipper lounges at airports across India. 

Documentation: Check the required documents to open a Regular Salary Account online here.

There are no minimum initial deposit requirements to open a Regular Salary Account. Also, since Salary Accounts are zero-balance accounts, you are not required to keep an Average Monthly Balance (AMB).

HDFC Bank offers interest rates of up to 3.5% on balances in your Salary Account

HDFC Bank’s Regular Salary Account comes with numerous features & benefits. 

•  You get a free MoneyBack Debit Card with ₹25,000 as daily withdrawal limits and ₹3 Lakh as daily shopping limits.  
•  You can save more and enjoy discounts and cashback by shopping via PayZapp or SmartBuy.  
•  Your Debit Card comes with insurance covers like personal accidental death, air accident death, checked baggage loss, etc.  
• You can track your account from anywhere using our internet, mobile and phone banking services.  
•  Set standing instructions to pay multiple utility bills with NetBanking.  
•  Start trading with a free Demat Account for the first year. 

Yes, you can. While a major chunk of your account balance comes from your salary credit, you can also deposit cash. You can visit your HDFC Bank branch or use a Cash Deposit Machine at your nearest HDFC Bank ATM. 

The following are the broad Terms & Conditions of the captioned cover on Salary Account

• Accidental Death resulting from bodily injury due accident only.
• Accidental Death resulting from bodily injury which directly and independently of all other causes results in Death within twelve (12) months of the event date 
  
• On the event date, the account holder Is a bonafide employee (aged less than 70 years ) of the organisation to whom the specific offer has been extended 
  
• Is holding a Salary Account under the Corporate Salary Account Program with HDFC Bank and has received salary credit in the month or month prior
• Should have carried out at least one purchase transaction using the Debit Card, within 6 months prior to the date of loss.
• In case of Air Accidental Death claim ticket should have been purchased using Debit Card linked to Salary Account 
  
• Cover provided only to the primary account holder

Yes, in case an arrangement exists, we request you to visit the nearest branch along with a letter. The letter should have your complete name and account number and state that you have joined the corporate and want to convert your account to a Salary Account. 

No, a Company ID cannot be accepted as a Photo ID document. A government issued photo ID card is mandatory. No, a Company ID cannot be accepted as a Photo ID document. A government issued photo ID card is mandatory. 

The indicative time taken for the realisation of outstation cheques is given below: 
Cheques drawn where HDFC Bank has a branch, credit will be given on receipt of clear funds in: 

• Main metro locations (Mumbai, Chennai, Kolkata, New Delhi): 7 working days
• Metro centers and state capitals (other than those of North Eastern states and Sikkim): Maximum period of 10 working days.
• In all other centres where we have branches: maximum period of 14 working days.
• Cheques drawn on non-branch locations where we have a tie-up with correspondent banks, credit will be given on receipt of clear funds: Within a maximum period of 14 working days 
  
• Cheques drawn on non-branch locations where we do not have a tie-up with correspondent banks, credit will be given on receipt of clear funds: Within a maximum period of 14 working days