Open Savings Accounts Online

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  • Verification via
    PAN & Aadhaar
  • Fill in your
    Details
  • Complete your KYC
    on a Video Call
  • Fund Your
    Account
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Reasons to Open Savings Account with Us!

When one starts a banking journey, the most common type of account that can be opted for is a Savings Account. The idea behind a Savings Account is to encourage thrift or the habit of saving a portion of one's income. You can apply online to open a Savings Account with HDFC Bank and benefit from the wide range of features and exclusive deals that come along with the different variants. The online saving account opening process is simple and easy, and can be completed online in just a few steps.

So why wait? It is high time you apply to open a Savings Account with HDFC Bank and kickstart your savings journey.

*Regular Savings, Women's, SavingsMax, Senior Citizens & DigiSave Youth account can be opened digitally.

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Now, with the increased digitalisation in almost every sphere including banking, an account holder can have 24x7 access to one's Savings Account via NetBanking or our mobile app, in addition to HDFC Bank's wide network of branches and ATMs. You also get to make the most of exclusive deals and offers on the Debit Cards, including lifestyle and healthcare benefits among other things. Some variants of HDFC Bank Savings Account also offer features like unlimited cash withdrawals at ATMs and zero-balance maintenance requirement, which further adds to the appeal of a Savings Account.

Savings Account

Savings Account

Enjoy a life more rewarding with inspired choices and luxurious indulgences that are ready for you.

You can now open a Savings Account of your choice instantly!

  • Exclusive accounts for Women, Senior Citizens, Young & Premium Customers
  • Enjoy Quick, Digital & Paperless Account Opening with Video KYC
  • Monthly savings with your Debit/ATM Card, SmartBuy & PayZapp
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Regular Savings Account

Rewarding Spends. Ready For You.

  • Get a free personalised chequebook
  • Choose Millennia Debit Card or MoneyBack card.an International Debit Card that suits your needs
  • Pay your bills safely and conveniently with BillPay service
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SavingsMax Account

  • Earn higher interest on idle money with automatic sweep-in facility
  • Lifetime Platinum Debit Card
  • Be safe with accident hospitalisation cover of ₹ 1 lakh
  • Get free unlimited number of cash withdrawals at ATMs
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Women's Savings Accounts

  • Get EasyShop Woman’s Debit Card for all your spending needs
  • Earn up to ₹ 1 cash back on every ₹ 200 spent
  • Enjoy Up to 3.5% lower interest rate on two-wheeler loan
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DigiSave Youth Account

  • Digital Platforms for all your needs
  • First year free MoneyBack Debit card
  • Round the year offers on all categories
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Senior Citizen's Account

  • Get accident hospitalisation reimbursement cover of ₹ 50,000 per annum
  • Claim a daily cash allowance of ₹ 500 per day for 15 days hospitalisation
  • Enjoy Preferential rates on fixed deposits (FDs)
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Saving Farmers Account

  • Get a free - ATM card to access your account
  • Enjoy 5 free transactions at HDFC Bank ATMs
  • Get easy payment option with free BillPay facility
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Specialé Gold And Specialé Platinum

  • Enjoy premium lifestyle benefits
  • Get better healthcare and insurance cover
  • Avail preferential pricing on Lockers, Demat and Trading account
  • Enhanced transactional limits
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Kids Advantage Account

  • Get International Debit Card for children with guardian consent
  • Get free education insurance cover of ₹ 1 lakh
  • Build up a future fund with ₹ 1,000 every month
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Institutional Savings Account

  • Manage donations and fees through Cash Management Services
  • Link account to HDFC Bank payment gateway easy collection
  • Simplify payments to employees, vendors, etc. by going online
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Basic Savings Bank Deposit Account

  • Enjoy a zero balance savings account
  • Avail of a free Rupay Card to access your account
  • Get 4 free cash withdrawals at branch per month
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Government Scheme Beneficiary Savings Account

  • Choose a premium debit card to match your banking needs
  • Enjoy higher cash transaction limits of Rs.10 Lakh/ month
  • Get easy payment option with free BillPay facility
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Basic Savings Bank Deposit Account (BSBDA) Small Account

  • Enjoy a zero-deposit, zero balance account
  • Avail of a free Rupay Card to access your account
  • Get 4 free withdrawals at ATMs per month
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Savings Account Video's

What is Video KYC and everything you need to know about it

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Savings Account FAQs

What is a Savings Account?

A Savings Account is a deposit account opted for by many who wish to save a certain part of their earnings. It is a type of bank account wherein you can park your funds, earn interest on the same and also withdraw money at any time. It provides the convenience of liquid funds.

How can one open a Savings Account online?

The online Savings Account opening process is a simple and fairly easy one. Click here to begin your online bank account opening process, right from the comfort of your home. At HDFC Bank, you can also opt for the Video KYC (Know Your Customer) facility to avoid an in-person visit to the bank branch.

What are the different types of Savings Account?

There are different types of Savings Account one can opt for at HDFC Bank- Savings MAX Account, Regular Savings Account, DigiSave Youth Account, Women's Savings Account and Senior Citizens Savings Account, to name a few. The saving bank account variants are designed keeping in mind the needs of our varying customer groups.

What is the minimum balance requirement in a Savings Account?

The minimum balance requirement or average monthly balance (AMB) requirement varies with the type of Savings Account chosen by the customer as well as the location of the account holder. For instance, a minimum initial deposit of Rs 7500 for metro/urban branches, Rs 5,000 for semi-urban branches and Rs 2,500 for rural branches is required to open an HDFC Bank Regular Savings Account.

What is the interest rate on a Savings Account?

Usually, banks in India offer interest rates of anywhere between 3.5% to 7% on Savings Accounts. Take a look at the table below to get an idea of the interest rates on offer on an HDFC Bank Savings Account.
Savings Bank balance Revised Rate w.e.f 11th June, 2020
Rs. 50 lakh and above 3.50%
Below Rs 50 lakh 3.00%
Note:

Savings Account interest will be calculated on the daily balances maintained in your account.

Savings Account interest will be paid at quarterly intervals

How can one transfer money from a Savings Account?

There are couple of ways to transfer money from your saving bank account. Firstly, you can use a banking mobile app to transfer funds almost instantly, from your Savings Account to that of another individual. Then there is the option of using NetBanking facility to transfer money quickly and easily via the digital mode. You also have the option of visiting a bank branch in person and transferring funds from your bank account.

How can one choose the best savings bank account?

Choosing a Savings Account that suits your individual needs is extremely important. At HDFC Bank, you can compare different saving bank account variants available to our customers and pick the one that best suits your requirements. The main things to take a look at are the interest rates on offer, the minimum monthly balance requirements and various requirements pertaining to cash withdrawal.

What are the documents required to open a Savings Account online?

Listed below are the documents one must keep handy when applying for an HDFC Bank Savings Account:

Identity Proof (driver’s license, passport etc.)

Address Proof (driver’s license, passport etc.)

PAN card

Form 16, which is a certificate issued by the applicant’s employer, asserting that TDS has been deducted from your salary. This is needed here if the applicant does not have a PAN card.

Two recent passport-sized photographs

Here is a list of acceptable identity/address proof documents.

  • Valid Passport
  • Voter's Identity Card issued by the Election Commission of India
  • Valid Permanent Driving license
  • Aadhaar
  • Job card issued by NREGA duly signed by an officer of the State Government
  • Letter issued by the National Population Register containing details of name and address

Online account opening can be easily done through AADHAAR, Pan Card and operational mobile number.

Tools & Calculators

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Learning Center Articles

What is a Savings Account?
Top 7 Features of a Savings Account
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