HDFC Savings Max Account - Discussion

[napster003]

I want to know you experience with hdfc saving max account
I'm currently using indie account with 50k maq but I can't use asba there so wanted a good account for investment
Hdfc seems good although interst rate is low but saving max has fre debit card which I can use to pay cc bill (for my dad)
Does hdfc provide any ltf credit cards with this account ?
Or is there any other account you recommend I can keep 50k mab

 

[banker]

My hdfc saving max account mab is 25k and I think 25k is mab for everyone.

 

[Wealth is my birth right!]

My hdfc saving max account mab is 25k and I think 25k is mab for everyone.

Either 25k balance or 1.5l fd
I opted fd

I want to know you experience with hdfc saving max account
I'm currently using indie account with 50k maq but I can't use asba there so wanted a good account for investment
Hdfc seems good although interst rate is low but saving max has fre debit card which I can use to pay cc bill (for my dad)
Does hdfc provide any ltf credit cards with this account ?
Or is there any other account you recommend I can keep 50k mab

25k balance wont promise any ltf card with good limit
Even after having savings max account and fd i applied ltf Regalia card offline by salary criteria

 

[banker]

Either 25k balance or 1.5l fd
I opted fd

25k balance wont promise any ltf card with good limit
Even after having savings max account and fd i applied ltf Regalia card offline by salary criteria

From what I understand, it's not how much balance u have but how u much u spend, what will give u offer on card.

 

[phoenix1386]

I want to know you experience with hdfc saving max account
I'm currently using indie account with 50k maq but I can't use asba there so wanted a good account for investment
Hdfc seems good although interst rate is low but saving max has fre debit card which I can use to pay cc bill (for my dad)
Does hdfc provide any ltf credit cards with this account ?
Or is there any other account you recommend I can keep 50k mab

All the information you want is already readily available, only thing required of you is to use the magnifying glass 🔍. There was no need to create another thread.

Nonetheless, if possible, I recommend straightaway entering the Classic Banking programme with a cheque of 1 lakh.

This gives you a 25k Savings Max with free debit card just like it would normally, but, being in the programme, you essentially get a zero balance account. They may downgrade you back to your account level (SBMAX) but until they do, you have a zero balance account.

Eligibility and offers for credit cards are a whole different beast altogether with a logic that defies all logic you could possibly apply.

 

[Rahul Gupta]

I want to know you experience with hdfc saving max account
I'm currently using indie account with 50k maq but I can't use asba there so wanted a good account for investment
Hdfc seems good although interst rate is low but saving max has fre debit card which I can use to pay cc bill (for my dad)
Does hdfc provide any ltf credit cards with this account ?
Or is there any other account you recommend I can keep 50k mab

Hdfc savings account by far one of the best savings account out there. They don't charge for anything in this account and all you gotta do is either maintain 25k as balance or 1.5lac as FD. You should opt for FD route though.

In future you can ask your branch for family banking and upgrade your account to classic. Good thing is you can open upto 8 family members account under this program and you will have to maintain 1 lakh combined balance of alla accounts.

 

[Tejo]

I want to know you experience with hdfc saving max account
I'm currently using indie account with 50k maq but I can't use asba there so wanted a good account for investment
Hdfc seems good although interst rate is low but saving max has fre debit card which I can use to pay cc bill (for my dad)
Does hdfc provide any ltf credit cards with this account ?
Or is there any other account you recommend I can keep 50k mab

LTF is might be not possible unless if you are a corporate employee.

There is no difference of account variant in HDFC, everyone gives proper response for every query.

I think Max SA variant just offers free dc, personal accident insurance.

If you have good income and no credit history, then hdfc will give high variant card with high limit. If not same don't hope on HDFC.

 

[Sudip]

All the information you want is already readily available, only thing required of you is to use the magnifying glass 🔍. There was no need to create another thread.

Agreed,
OP kindly delete this thread and post your query-if any in relevant thread.

 

[jadoo3]

Using savings max from past two years(FD backed).getting every features as promised ,also service and support from my home branch is spot on

 

[RadTheCrab]

Either 25k balance or 1.5l fd
I opted fd

Is it a normal FD, like created online using Net Banking, or you had to enable sweep-in facility for it? I had read somewhere that a simple FD wouldn't give you 0 MAB, rather it should be a sweep-in FD linked to the account.

 

[Wealth is my birth right!]

Is it a normal FD, like created online using Net Banking, or you had to enable sweep-in facility for it? I had read somewhere that a simple FD wouldn't give you 0 MAB, rather it should be a sweep-in FD linked to the account.

In my case its a normal fd done in my app
I made it on auto renewal i mean no maturity
Issue with auto renewal if we break it anytime some preclosure % there
Post fd for many years my balance is less than 10k so far no charges i got

 

[RadTheCrab]

In my case its a normal fd done in my app
I made it on auto renewal i mean no maturity
Issue with auto renewal if we break it anytime some preclosure % there
Post fd for many years my balance is less than 10k so far no charges i got

Thanks for confirming, bro! I was on the fence about opening my mother's account in HDFC due to this reason. If that's the case, I'll open a savings max account for my mother and deposit more than 1.5L in FD.

 

[Wealth is my birth right!]

Thanks for confirming, bro! I was on the fence about opening my mother's account in HDFC due to this reason. If that's the case, I'll open a savings max account for my mother and deposit more than 1.5L in FD.

Thats good always bro
No panic of account checking and aqb or mab calculations
I use same with IndusInd as well

 

[dadofjohnwick]

Hdfc savings account by far one of the best savings account out there. They don't charge for anything in this account and all you gotta do is either maintain 25k as balance or 1.5lac as FD. You should opt for FD route though.

In future you can ask your branch for family banking and upgrade your account to classic. Good thing is you can open upto 8 family members account under this program and you will have to maintain 1 lakh combined balance of alla accounts.

i think they do charge for IMPS.

 

[Rahul Gupta]

i think they do charge for IMPS.

Yes they do. I forgot about it.

Its free for preferred and imperia.

 

[rafzy]

Quick Q guys
I have savings max is on preferred.
Can I open a basic 5k or 10k hdfc account for my spouse and attach her to my preferred status? Does doing so get her a zero mab there after?
Meaning I'll hold and retain the status, but she can use it without worrying about the min bal or debitcard fee etc?

 

[Anindya98]

Can I open a basic 5k or 10k hdfc account for my spouse and attach her to my preferred status? Does doing so get her a zero mab there after?
Meaning I'll hold and retain the status, but she can use it without worrying about the min bal or debitcard fee etc?

Yes, open an account for her after that add her under family banking, and she will get all the same benefits without maintaining anything
Yes

 

[rafzy]

Yes, open an account for her after that add her under family banking, and she will get all the same benefits without maintaining anything
Yes

Thanks a mill mate..

 

[napster003]

Yes they do. I forgot about it.

Its free for preferred and imperia.

Hey I had a query
In saving max account is auto sweep turned on by default? And if it is how can we turn off auto sweep?

 

[Rahul Gupta]

Hey I had a query
In saving max account is auto sweep turned on by default? And if it is how can we turn off auto sweep?

Its not turned on by default.