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HDFC Bank Millennia Debit Card & It's Benefits ❤️🔥

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D₹V

D₹V

TF Prestige
Charges: 500 + GST.

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Benefits:
• 5% cashback on PayZapp or Smartbuy
• 2.5% cashback on shopping i.e. on Flipkart, Amazon etc
• 1% on other transactions i.e. wallet loads, credit card payments etc
• Total rewards is capped at 400 RP/month
• Bonus - 5% cashback upto 1000 on Gift Vouchers purchase via Smartbuy per month. P.s. Smartbuy has introduced 2.5% & 3.25% + GST on ASV & AGV respectively.
• Cashback will be credited in 4 month after the transaction (i.e. 90 days), you can redeem via HDFC netbanking.
• You can get rewards worth ₹16,800 annually.

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How to milk the benefits?
• If you use it on smartbuy only then 5% upto 400 (card benefits) + 5% upto 1000 (smartbuy bonus), total 1400 RP/month you'll be getting. Since Smartbuy charging convenience fees on AGV & ASV, better to buy Flipkart GV without convenience fee on smartbuy.
• For example, if you buy Flipkart GV worth 8k via Smartbuy with Millennia DC, you'll get 400 + 400 = 800 cashback, meaning 10% cashback on Flipkart GV.
• In another example, if you buy worth 20k, you'll get 1400 cashback, meaning 7% cashback on Flipkart GV. So buy accordingly as per your needs.
• If you use Millennia DC for 40k CC Payments worth 40k via Mobikwik, Paytm etc only, then 1% upto 400 cap will be over & you'll get 5% cashback upto 1000 if you purchase any GV via Smartbuy now.

Hope you've understood the benefits & enjoy the rewards ❤️. Ask if any query.
 
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Apologies if this has already been asked before, is there any HDFC savings account variant that will help me get this debit card free?

I am eligible to upgrade to classic variant, should I opt for it to get this debit card annual fee waived?
 
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doraemon said:
Open savings max millennia is free in this
Classic also has this card free
Click to expand...
I am getting a little confused with savings max. How do I decide between savings max and classic? Can you please dumb it down for me? I tried reading the HDFC page for savings max and I am not able understand at all
 
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lhgeek said:
I am getting a little confused with savings max. How do I decide between savings max and classic? Can you please dumb it down for me? I tried reading the HDFC page for savings max and I am not able understand at all
Click to expand...
Yes of course

Upgrade to savings Max
It's best

Clasic is like har quarter RM ko phone Karo 1 lac daalo upgrade ho nikalo fir repeat


Max is great any day

Make good relation with bm rm if u want to go in classic
 
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lhgeek said:
I am getting a little confused with savings max. How do I decide between savings max and classic? Can you please dumb it down for me? I tried reading the HDFC page for savings max and I am not able understand at all
Click to expand...
See this calculation

Savings Max is great (I have considered millennia here)


According to me ,


Option 1:
- You keep 25k in a savings max account earning 3% interest per annum.
- This yields an annual return of 750 Rs.
- Additionally, there's a savings of 590 Rs dc charges ( millennia)
- So, the total return for Option 1 is 750 + 590 = 1340 Rs per year.

Option 2:
- You keep 5k in a savings account earning 3% interest per annum.(Regular rural)
- This yields an annual return of 150 Rs.
- You invest 20k in a fixed deposit (FD) earning 8.5% interest for 12 months.(E.g Jana bank)
- The FD generates an interest of 20,000 * 8.5% = 1700 Rs for the year.(I did simple intrest )
- You incur a debit card fee of 590 Rs.
- So, the total return for Option 2 is 150 + 1700 - 590 = 1260 Rs for the year.

Comparing the two options:
- Option 1 offers a total return of 1340 Rs per year.
- Option 2 offers a total return of 1260 Rs for the year.
- Therefore, Option 1 is best
 
Upvote 0 Downvote
doraemon said:
See this calculation

Savings Max is great (I have considered millennia here)


According to me ,


Option 1:
- You keep 25k in a savings max account earning 3% interest per annum.
- This yields an annual return of 750 Rs.
- Additionally, there's a savings of 590 Rs dc charges ( millennia)
- So, the total return for Option 1 is 750 + 590 = 1340 Rs per year.

Option 2:
- You keep 5k in a savings account earning 3% interest per annum.(Regular rural)
- This yields an annual return of 150 Rs.
- You invest 20k in a fixed deposit (FD) earning 8.5% interest for 12 months.(E.g Jana bank)
- The FD generates an interest of 20,000 * 8.5% = 1700 Rs for the year.(I did simple intrest )
- You incur a debit card fee of 590 Rs.
- So, the total return for Option 2 is 150 + 1700 - 590 = 1260 Rs for the year.

Comparing the two options:
- Option 1 offers a total return of 1340 Rs per year.
- Option 2 offers a total return of 1260 Rs for the year.
- Therefore, Option 1 is best
Click to expand...
Bhaiya ji usko classic upgrade mil raha hai to lene kahe usko saving max account open karne laga rahe ho 25k maintain karna padenga
Classic banking ki wajah se agar 10k bhi maintain karle to kaam ho jayega
 
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NShah said:
Bhaiya ji usko classic upgrade mil raha hai to lene kahe usko saving max account open karne laga rahe ho 25k maintain karna padenga
Classic banking ki wajah se agar 10k bhi maintain karle to kaam ho jayega
Click to expand...
Bhaiya ji
Classic is like hit miss
Sooner or later it will downgrade
Maine bola hai savings Max leke classic lele
Taaki baad m mab ka jhanjhat na rahe


Maine bhi savings Max se classic Kiya hai

Isse atleast dc charge nahi lagega even in downgrade
 
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Aisa lagraha hai

HDFC ke kal ke Khrab results(Q4FY23-24) ko Theek karne ki zimmedari

Ek hi Bande ne uthai hui hai

Jo bhi ho

images
 
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Classic is not a type of account but bank relationship/membership.

If you maintain 1lac+ balance in any type of savings account whether max, normal, woman or any other then you are offered/upgraded to classic membership.

It's just a simple method of hdfc to identify High Networth Individuals (HNI).

There is no downside in upgrading to classic rather it's beneficial, all normal charges/fee that bank levies are waived in classic account.

You can read more benefits of classic membership from this page : https://www.hdfcbank.com/personal/save/high-networth-banking/premier-banking/classic

If you maintain 5lac+ balance then you will be offered preferred banking.
 
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MrJJ said:
Classic is not a type of account but bank relationship/membership.

If you maintain 1lac+ balance in any type of savings account whether max, normal, woman or any other then you are offered/upgraded to classic membership.

It's just a simple method of hdfc to identify High Networth Individuals (HNI).

There is no downside in upgrading to classic rather it's beneficial, all normal charges/fee that bank levies are waived in classic account.

You can read more benefits of classic membership from this page : https://www.hdfcbank.com/personal/save/high-networth-banking/premier-banking/classic

If you maintain 5lac+ balance then you will be offered preferred banking.
Click to expand...
In classic .. millennia debit card charges are waived off right?
 
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doraemon said:
Free h bhai confirmed Kara hai maine

Also soc Jo milta hai kit m usme check karna rewards /millennia likha hua hai
And website PE savings max pe rewards card free h
Recently rewards card was renamed as milennnia

So that concludes it's free
Click to expand...
Thanks bhai batane ke liye.....
Trust Me said:
What was your source of this misinformation?
Click to expand...
This is literally the correct answer 👇🏻
doraemon said:
The thing is HDFC folks from Watchmen to bm all say this ki millennia is paid

But reality is opposite
Click to expand...
 
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