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GIGA Savings Account

GIGA Savings Account by HDFC Bank

Fuel your gig savings with an account that complements your lifestyle
Join the GIGA club
Fuel your gig savings with an account that complements your lifestyle

COMBINE YOUR GIG & PERSONAL BANKING NEEDS

Kickstart the account with an initial deposit of only ₹ 2,000

Kickstart the account with an initial deposit of only ₹ 2,000

Send & receive payments to/from clients from India and abroad with ease.

Send & receive payments to/from clients from India and abroad with ease.

Grab exclusive Business Debit Card offers & discounts

Grab exclusive Business Debit Card offers & discounts 

Get preferential FX rates on overseas collections

Get preferential FX rates on overseas collections

  • Save Big: See if you Qualify for an NMC waiver

  • You also get 25 free cheque leaves every year

  • Make unlimited NEFT and RTGS transactions from your GIGA Savings Account, free of charge

  • More debit card reward points, discounts and offers on gig-related expenses
  • Hassle-free and affordable collections from international clients, gig platforms and marketplaces with Payoneer
  • Enjoy free withdrawals & easy banking with our network of 8,851+ HDFC Bank branches & 21,163 + ATMs

  • Sort your utility and other bills with HDFC Bank BillPay
ELIGIBILITY CRITERIA
  • A resident of India

    A resident of India

  • Minimum 18 years of age

    Minimum 18 years of age

  • A freelancer/a gigsters/self-employed professional

    A freelancer/a gigsters/self-employed professional

DOCUMENTS REQUIRED

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

GIGA by HDFC Bank gives one more reason to go digital. A lower initial deposit requirement is applicable for customers opening their account. For GIGA Savings accounts opened digitally/online, customers can start their account by depositing lower amounts than the required Average Quarterly Balance (AQB).  

GIGA Savings Account

 

Metro and Urban

Rural & Semi-urban

Initial deposit required to open your account online

Initial deposit to be transferred as part of the digital account opening process. You can deposit:


₹2000


₹5000


₹10,000


₹15,000


Initial deposit to be transferred as part of the digital account opening process. You can deposit:


₹2000


₹5000


₹10,000


₹15,000


Average Quarterly Balance (AQB) requirement

₹10,000

₹5,000

 

Non maintenance charges

 

Minimum balance requirement for GIGA Savings Account

Non-maintenance charges

Metro/ Urban: ₹ 10,000 Average Quarterly Balance (AQB)

6% of the shortfall from the Average Quarterly Balance (AQB) requirement

OR

₹600 (whichever is lower)

Semi-Urban/ Rural: ₹ 5,000 Average Quarterly Balance (AQB)

6% of the shortfall from the Average Quarterly Balance (AQB) requirement

OR

₹300 (whichever is lower)

For other charges: Click here 

  • New hassle-free ways to avoid Non-Maintenance Charges! 

  • Fixed Deposit Power: Hold an FD for 1 year and 1 day with at least ₹1,00,000 (metro & urban branches) and ₹50,000 (Semi -urban/Rural branches)
  • OR
  • Swipe and Thrive: Spend ₹1,50,000 online with your GIGA Business Debit Card in the same quarter 
  • OR
  • Smart Transactions: Do any  two  of these in the same quarter:
  •  Auto Pay your Credit Card or Bills *
  •  Start a SIP (min ₹3,000**) .
  •  Start a Recurring Deposit (min ₹3,000, 12-month tenure**)
  •  Pay your GST, CBDT, or Custom Duty from your GIGA account
  •  Set up an EMI on any HDFC Bank loan*** from your GIGA account
  • OR
  • Get Credited: Receive ₹2,50,000 in your GIGA account in the same quarter^.
  • OR
  • Prefer the traditional way?
  • You still have the option to maintain an Average Quarterly Balance (AQB):
  • ₹10,000 (Metro branches and urban branches)
  • ₹5,000 (Semi-urban and rural branches)
  • Disclaimer:
  • * Autopay should be enabled for all 3 months in the relevant calendar quarter 
  • **Debits for RD and SIP to occur for all 3 months in the relevant calendar quarter, for the minimum deposit amount 
  • *** Debits for EMI from GIGA account should happen at least once in the relevant quarter for any HDFC Bank loan 
  • ^All customer induced credit transactions only 

FREQUENTLY ASKED QUESTIONS

A GIGA Savings Account has been specially curated to meet the needs of those working in the gig economy (e.g., Gigsters, self-employed professionals, independent workers, contractual employees, etc.). An all-in-one account that looks after both your personal and professional banking needs. 

Anyone working in the Gig economy, e.g. Gigsters, self–employed professionals, independent workers, contractual employees, etc., who are:

  • An Indian resident
  • And aged 18 years and above.

You can simply click here to open GIGA Savings Account. 

To open an account online, you will need:

  • Valid Aadhaar Number
  • Valid PAN
  • Mobile Number linked to Aadhar

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)

You need to maintain a Average Quarterly Balance (AQB) of ₹10,000 if your account is attached to metro/urban branches  and ₹5,000 if your account is attached to rural branches.

Yes, please refer to the fees and charges of GIGA by HDFC Bank Savings Account by clicking here.

The standard Savings Account interest rates wiill apply. To know more, click here

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