Can i upgrade to max saving hdfc online?

[ramandeep]

Can i upgrade to max saving account online by myself instantly or need to visit branch only?

 

[panu24]

You need to visit branch only. I did the same. Simple process.

 

[ramandeep]

You need to visit branch only. I did the same. Simple process.

Okay, do i need to maintain 25k mab or can also do 1.5 lakh fd and maintain 0 mab in max savings account.

 

[panu24]

In my case I wanted FD only so I did 1.5L FD and then went to branch. There I asked them its really 25k MAB or 1.5L FD right? they said yes only one need to be maintained. Once my account got converted to SavingsMax, MAB becomes zero. Then I blocked my existing debit card and applied for Platinum debit card.

 

[ramandeep]

In my case I wanted FD only so I did 1.5L FD and then went to branch. There I asked them its really 25k MAB or 1.5L FD right? they said yes only one need to be maintained. Once my account got converted to SavingsMax, MAB becomes zero. Then I blocked my existing debit card and applied for Platinum debit card.

Can fd be more than 1.5l or it is precised to be 1.5l? Also, is fd linked to max saving account or we can also close it anytime and maintain 25k or vice versa?

 

[panu24]

It should be minimum 1.5L
I think we can close FD anytime and maintain 25K MAB
FD is not linked to savings account based on monthly statements I am receiving.

Edit: Its written here that FD should be linked to savings account. Please check https://www.hdfcbank.com/personal/s...accounts/savings-max-account/fees-and-charges. So in this case closure of FD will downgrade your account.

 

[ramandeep]

It should be minimum 1.5L
I think we can close FD anytime and maintain 25K MAB
FD is not linked to savings account based on monthly statements I am receiving.

Edit: Its written here that FD should be linked to savings account. Please check https://www.hdfcbank.com/personal/s...accounts/savings-max-account/fees-and-charges. So in this case closure of FD will downgrade your account.

Thanks.. then i think 25k will be more beneficial.
will confirm from bank regarding linking too.
Also did you link your fd to max saving, if yes did you ever close it?

 

[panu24]

When I decided to convert to SavingsMax and thought FD is good way, I just want to do minimal FD and don't want to ask Bank people how much FD I should do to convert it. So I took proactive way of doing FD and then after one week I went to branch and filled the form.
I don't know if opening FD when i am logged into netbanking is considered as "FD opened linked to Saving account". I did not do any further step after I opened FD account. I recently converted 2 months back only and no intention to close the FD.

 

[ramandeep]

okay, i will visit bank on monday, confirm if there's a flexibility between maintaining a 1.5 lac fd and 25k mab, then will go with fd else 25k mab

 

[ramandeep]

When I decided to convert to SavingsMax and thought FD is good way, I just want to do minimal FD and don't want to ask Bank people how much FD I should do to convert it. So I took proactive way of doing FD and then after one week I went to branch and filled the form.
I don't know if opening FD when i am logged into netbanking is considered as "FD opened linked to Saving account". I did not do any further step after I opened FD account. I recently converted 2 months back only and no intention to close the FD.

I went to bank yesterday for applying max saving. After upgrading to max saving will i get banner in mobile banking regarding max saving instead of standard n how much time does it takes to update?
Also i asked for classic banking instead as i have balance according to that, but she refused and said i need to have 2 more accounts in blood relation to apply for that or else wait for upgrade offer in mobile banking.

 

[SiddharthR]

I went to bank yesterday for applying max saving. After upgrading to max saving will i get banner in mobile banking regarding max saving instead of standard n how much time does it takes to update?

Same banner as regular

Also i asked for classic banking instead as i have balance according to that, but she refused and said i need to have 2 more accounts in blood relation to apply for that

It's not true

 

[ramandeep]

Same banner as regular

It's not true

Then how would i now my account is upgraded to max savings?

 

[ramandeep]

Currently is showing 0 required balance as I have good amount of fd. Is my account updraged now?
Does it get updated in a day, as i yesterday only applied?
Or do we get some kind of badging in a account?

 

[panu24]

If you see your account required MAB is 0 then your account is already converted to SavingsMax.
Yes this is really confusing thing from HDFC bank. They should clearly change account name "Savings" to "SavingsMax".
I did not find any badging in my account.

 

[ramandeep]

If you see your account required MAB is 0 then your account is already converted to SavingsMax.
Yes this is really confusing thing from HDFC bank. They should clearly change account name "Savings" to "SavingsMax".
I did not find any badging in my account.

I am shocked and confused as well, i just went to bank yesterday in the afternoon and they upgraded so soon???
I just received mail yesterday that we have received a request nothing esle.
Although she mentioned me that it would be done within 7 days.
Hope there would be a way to confirm in mobile app/banking rather than visiting branch again.

 

[ramandeep]

I just checked 0 mab doesn't mean that you max saving account, for regular account either you have 10k balance or 1 lac fd for a year n 1 day above

 

[panu24]

I just checked 0 mab doesn't mean that you max saving account, for regular account either you have 10k balance or 1 lac fd for a year n 1 day above

Okay, do let me know your progress here to understand what changes happens to your account.

 

[ramandeep]

Okay, do let me know your progress here to understand what changes happens to your account.

I will visit the branch in 2 days to check with and keep u updated.

 

[ramandeep]

I just received a message from hdfc that my request is processed, but logo in app still showing standrad and its 0 required mab, so its confirmed either you need to maintain 25k min balance or 1.5 fd as I have 1.5 fd only. Rest will confirm will visit branch tomorrow that its been converted to max saving or not?

 

[SiddharthR]

I just received a message from hdfc that my request is processed, but logo in app still showing standrad and its 0 required mab, so its confirmed either you need to maintain 25k min balance or 1.5 fd as I have 1.5 fd only. Rest will confirm will visit branch tomorrow that its been converted to max saving or not?

You can ask virtual RM or cc