Institutional Savings Account

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Institutional Savings Account

Key Benefits

1 Cr + Customers Trust HDFC Bank!

Open Institutional Savings Account by walking into our branches

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Fees & Charges

  • The fees and charges levied against the Institutional Savings Account depend on the type of service availed or transaction conducted. The Bank does not levy any charges on non-maintenance of Average Quarterly or Monthly Balances. All Cash transactions may be conducted for free at the home branch, and the Bank also offers waivers on certain non-cash transaction.

  • For the consolidated fees and charges, Click here.

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Most Important Terms and Conditions

  • *The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.
Most Important Terms and Conditions

Wondering if you are eligible?

As per RBI Master Direction DBR. Dir. No. 84/13/03.00/2015-16, eligible institutions for an Institutional Savings Account include:

  • Primary Co-operative Credit Society which is being financed by the bank
  • Khadi and Village Industries Boards
  • Agriculture Produce Market Committees
  • Societies under the Societies Registration Act, 1860
Institutional Savings Account
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Documents required to get you started

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 know complete documentation details

Ways to open a Bank Account

Frequently Asked Questions

You can easily open an Institutional Savings Account by visiting your nearest HDFC Bank branch. Simply locate a branch near you and let our executive assist you.

Yes, you will need to provide identity proof (Aadhaar, 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 an Institutional Savings Account in India. 

The HDFC Bank Institutional Savings Account offers a range of features tailored for institutions. These include high transaction limits, access to a dedicated relationship manager, personalised banking services, and convenient electronic fund transfer options. Additionally, account holders can benefit from competitive interest rates and customised solutions to meet their specific financial needs.

 The HDFC Bank Institutional Savings Account provides several benefits tailored for institutions. These include high transaction limits, access to a dedicated relationship manager, and personalised banking services. Institutions can also benefit from convenient electronic fund transfer options and competitive interest rates. Additionally, the account offers financial inclusion banking services, ensuring that institutions have access to banking solutions that meet their specific needs, thus promoting financial inclusion. 

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

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