You are not currently holding any other banking relationship with HDFC Bank.
You are a resident individual with incomplete KYC, lacking:
-Photo ID proof from the bank's acceptable list of documents.
-Address proof from the bank's acceptable list of documents.
The total balance in your account must not exceed ₹50,000 at any point in time.
The total credits across all your accounts must not exceed ₹1 lakh at any point in time.
The total withdrawals and transfers from your account must not exceed ₹10,000 in a month.
If the balance across all your bank accounts exceeds ₹50,000, no further credit transactions will be allowed in your Small Savings Account until the balance decreases below ₹50,000.
If the total credits within a financial year exceed ₹1 lakh, no additional credit transactions will be permitted in your Small Savings Account for the remainder of that financial year.
If withdrawals and transfers exceed ₹10,000 in a calendar month, no further debit transactions will be allowed in your Small Savings Account until the end of that month.
Proof of having applied for valid KYC documents (according to the specified list for BSBDA Small Savings Accounts) within 12 months of account opening.
Actual KYC documents (ID proof, address proof, and photograph) as per the bank's acceptable list of KYC within 24 months of account opening.
If you meet the following criteria, you can apply for an HDFC Bank BSBDA Small Savings Account: Firstly, you should not have any existing banking relationship with HDFC Bank. Secondly, you must be a resident individual with incomplete KYC, meaning you lack photo ID proof and address proof from the bank's specified list of documents.
To meet the eligibility criteria for BSBDA Small Savings Account, you should not have any existing banking relationship with HDFC Bank. Additionally, you must be a resident individual with incomplete KYC, lacking photo ID proof and address proof from the bank's specified list of documents. Once eligible, you can operate the BSBDA Small Savings Account with certain limitations: the account balance should not exceed ₹50,000 at any time, total credits across all accounts should not exceed ₹1 lakh and withdrawals/transfers should not exceed ₹10,000 in a month. If the account balance exceeds ₹50,000, further credit transactions are halted until the balance decreases. Exceeding ₹1 lakh in credits during a financial year or ₹10,000 in withdrawals/transfers in a calendar month also restricts further transactions. It is essential to provide evidence of applying for valid KYC documents within 12 months of account opening and submit actual KYC documents within 24 months to adhere to bank regulations.