Hdfc classic banking

[pprakash11]

I dont know about him but it's my salary account and I maintain around 20k rest I take out for other purposes. and I have been upgraded to classic banking

yes my sister with almost 0 MAB, but her salary account got upgraded to classic banking.
#weird HDFC

 

[Iamgora]

yes my sister with almost 0 MAB, but her salary account got upgraded to classic banking.
#weird HDFC

Maybe due to salary account we are getting the upgrade

 

[nadeem]

is it worth upgrading

 

[MOhit __]

is it worth upgrading

no

 

[Iamgora]

is it worth upgrading

Depends on your usage. This are some of the features

 

[AritraSaha]

My Account is Savings Max.
I do not need to maintain even 25k after Upgrade to Classic ?

I was thinking to close the Account to withdraw the balance but HDFC triggered the offer at right time.

Did you got ur answer?

Will they downgrade if i don't maintain 1L.?

 

[VISHESH_BANSAL]

Did you got ur answer?

Will they downgrade if i don't maintain 1L.?

Usually HDFC do not downgrade

But HDFC can downgrade.

I am not maintaining since I upgraded.

 

[ramirami]

I have ignored the offer earlier. Savings Max has everything and does not rely on luck for continued maintenance / non-maintenance charges.

Yes, most people are not charged after upgrade to classic, but what if HDFC decides to be strict about it in the future?

I have learned that the least premium account that meets all your criteria is the best account in any bank.

 

[funatlearn]

I have hdfc account for more than 16 years. Long back around 12 yrs back, my account was downgraded from classic to normal and I was charged nmc. I noticed it after 4 months and requested them for waiver. They denied. I won't trust any bank for these kind of charges.

Same happened in indus exclusive account. NMC charges

 

[deep@vie]

Did you got ur answer?

Will they downgrade if i don't maintain 1L.?

Yes,they downgrade but it also depends on luck.
But no harm in upgrading

 

[AritraSaha]

No non maintainance charges?

 

[deep@vie]

No non maintainance charges?

No charges till they downgrade.
Once downgraded
Non-maintenance plus complementary debit card charges(750+gst) shall be levied

 

[4uziaul]

It all depends on the kind of relationship you have with your bank branch. In my case, with IndusInd Bank, my RM is persistently encouraging me to upgrade to the Grande account by making an initial deposit of 5L, and I wouldn't need to maintain any minimum balance. He assured me that he will take care of NMC. 🤣 In short, anything is possible if your branch is on your side, and with a higher variant account, there's always Zero NMC. They will downgrade your account first and then pile up the charges. 😂

 

[Buttman]

This is HDFC Classic Banking program, In which You will get some features like lifetime free debit card, Zero MAB NON-MAINTENANCE charges, free ATM transactions and free money transfers.

To Be Eligible for this one need to maintain 1 lakh then he/she will be eligible for classic Banking, Still many gets upgrade if they just have good transactions. There is no MAB non-maintenance charges, So if you will not maintain the MAB, you will not be charged.
Also If you will upgrade and if you have good transactions in a month then it will not be downgraded.
Infact no-one gets downgrade from it, I had never seen anyone getting downgrade from classic banking.

My suggestions would be upgrade it and just maintain 1 lakh for 3 months (As this is the period where your account is under review)

So yeah there is not much Benefits but still you can upgrade it.

So I recently got an email asking me to maintain sufficient balance in order to continue with the classic program. Do I need to maintain 100k for a month or so going forward?

 

[pprakash11]

So I recently got an email asking me to maintain sufficient balance in order to continue with the classic program. Do I need to maintain 100k for a month or so going forward?

Share screenshot please

 

[realjayt]

So I recently got an email asking me to maintain sufficient balance in order to continue with the classic program. Do I need to maintain 100k for a month or so going forward?

Yes, most likely

 

[deep@vie]

So I recently got an email asking me to maintain sufficient balance in order to continue with the classic program. Do I need to maintain 100k for a month or so going forward?

They keep sending reminders.
If you can keep some funds here for few days in a month.

 

[Buttman]

Share screenshot please

Here you go

 

[deep@vie]

Here you go

Not an issue if you maintain funds do it.
Otherwise don't worry it won't be downgrade for few quarters .

 

[ramirami]

And so it begins...