HDFC Savings Max - Worth It ?

[DEEP_RAY]

Have received "Savings Max Upgrade" Email. I am aware of basic features.


Anyone please help me one following queries ->

1. I have applied for Millennia. Is it chargeable or will be free for Savings Max holder. Branch seems confused.
2. Is it easy to downgrade to Regular Savings account ?
3. Or keeping 10K in normal savings and doing 15K (7%) FD is better option ?

 

[TheTrickySid]

Have received "Savings Max Upgrade" Email. I am aware of basic features.
View attachment 7971

Anyone please help me one following queries ->

1. I have applied for Millennia. Is it chargeable or will be free for Savings Max holder. Branch seems confused.
2. Is it easy to downgrade to Regular Savings account ?
3. Or keeping 10K in normal savings and doing 15K (7%) FD is better option ?

All DC's are free for savings max account.
Savings max is a better value for money product in my opinion.
Almost every thing is free.

 

[Copycat]

Have received "Savings Max Upgrade" Email. I am aware of basic features.
View attachment 7971

Anyone please help me one following queries ->

1. I have applied for Millennia. Is it chargeable or will be free for Savings Max holder. Branch seems confused.
2. Is it easy to downgrade to Regular Savings account ?
3. Or keeping 10K in normal savings and doing 15K (7%) FD is better option ?

Why are you opting for Millenia instead of the Easyshop Platinum card? If you have credit card bills to pay (non HDFC, non IDFC) then Easyshop Platinum Visa card is a far better choice.
Note: What is given below works with Easyshop Platinum Visa card. If you want to get the 400 rupees on Millenia then you cannot do it this way

Please read this:

Pay Credit Card Bill Via HDFC Bill Payment Portal And Get 1% Cashback

Are you paying your credit card bill via 3rd party app or directly from your bank portal? then you are probably losing 1% cashback. If you pay your credit card bill via HDFC Bank bill payment portal using your HDFC Bank debit card then you can earn 1% cashback, maximum Cashback capping depends...

www.technofino.in

 

[DEEP_RAY]

Why are you opting for Millenia instead of the Easyshop Platinum card? If you have credit card bills to pay (non HDFC, non IDFC) then Easyshop Platinum Visa card is a far better choice.
Note: What is given below works with Easyshop Platinum Visa card. If you want to get the 400 rupees on Millenia then you cannot do it this way

Please read this:

Pay Credit Card Bill Via HDFC Bill Payment Portal And Get 1% Cashback

Are you paying your credit card bill via 3rd party app or directly from your bank portal? then you are probably losing 1% cashback. If you pay your credit card bill via HDFC Bank bill payment portal using your HDFC Bank debit card then you can earn 1% cashback, maximum Cashback capping depends...

www.technofino.in

Actually I applied for Millennia Debit card a week before and I got this email today.

 

[Patil007]

Have received "Savings Max Upgrade" Email. I am aware of basic features.
View attachment 7971

Anyone please help me one following queries ->

1. I have applied for Millennia. Is it chargeable or will be free for Savings Max holder. Branch seems confused.
2. Is it easy to downgrade to Regular Savings account ?
3. Or keeping 10K in normal savings and doing 15K (7%) FD is better option ?

Yes, Worth it.

Closed millenia debit card and take Easy shop platinum, it is free for Max account + 1% cashback upto Rs. 750/ month on utility bill payment including credit card.

 

[thekirang]

What if i open saving max account for ladies in urban location by doing fd of 1Lakh.

So there will be no compulsion on keeping any running balance in account.

Now the main doubt or question is,



can I opt for money maximizer facility if my running balance goes above 5k ?
Or should I maintain another 1 lakh running balance so than amount above 1 Lakh will be automatically opt for money maximizer??

 

[TIBREWA]

Why are you opting for Millenia instead of the Easyshop Platinum card? If you have credit card bills to pay (non HDFC, non IDFC) then Easyshop Platinum Visa card is a far better choice.
Note: What is given below works with Easyshop Platinum Visa card. If you want to get the 400 rupees on Millenia then you cannot do it this way

Please read this:

Pay Credit Card Bill Via HDFC Bill Payment Portal And Get 1% Cashback

Are you paying your credit card bill via 3rd party app or directly from your bank portal? then you are probably losing 1% cashback. If you pay your credit card bill via HDFC Bank bill payment portal using your HDFC Bank debit card then you can earn 1% cashback, maximum Cashback capping depends...

www.technofino.in

I am a student and it's hard for me to maintain 25k but i can maintain 10k and also I have millennia debit card can I get 1% cashback with hdfc bill pay?

 

[satish0987]

I am a student and it's hard for me to maintain 25k but i can maintain 10k and also I have millennia debit card can I get 1% cashback with hdfc bill pay?

U get max 400₹ per month in Millinea
They will credit cashback points after 90 days
And these points lapse in 1 year

Where as in visa platinum cashback points will be credited within 5 days

 

[Deleted member 5552]

On Wednesday HDFC charged twice for Platinum debit card issuance fee Rs 885 + 885. Even though they sent me two cards, I blocked first card for some reasons.

I raised a complaint regarding this and they reversed issuance fee of both cards, total amount of Rs 1770 today 😄

 

[satish0987]

On Wednesday HDFC charged twice for Platinum debit card issuance fee Rs 885 + 885. Even though they sent me two cards, I blocked first card for some reasons.

I raised a complaint regarding this and they reversed issuance fee of both cards, total amount of Rs 1770 today 😄

Is your account regular savings account or Savings max account?

 

[Deleted member 5552]

Is your account regular savings account or Savings max account?

Regular (Balance to be maintained is ₹ 2500 only)

 

[satish0987]

Regular (Balance to be maintained is ₹ 2500 only)


View attachment 10093

u hit jackpot lol

 

[ramandeep]

On Wednesday HDFC charged twice for Platinum debit card issuance fee Rs 885 + 885. Even though they sent me two cards, I blocked first card for some reasons.

I raised a complaint regarding this and they reversed issuance fee of both cards, total amount of Rs 1770 today 😄

How did you raised a complaint?

 

[ramandeep]

Have received "Savings Max Upgrade" Email. I am aware of basic features.
View attachment 7971

Anyone please help me one following queries ->

1. I have applied for Millennia. Is it chargeable or will be free for Savings Max holder. Branch seems confused.
2. Is it easy to downgrade to Regular Savings account ?
3. Or keeping 10K in normal savings and doing 15K (7%) FD is better option ?

If you are having savings max account, just do a annual fd of min 1.5 lac.. your account will become 0 mab

 

[ramandeep]

All DC's are free for savings max account.
Savings max is a better value for money product in my opinion.
Almost every thing is free.

Are you sure all debit cards are lifetime free in savings max or just platinum debit card?

 

[Deleted member 5552]

How did you raised a complaint?

https://leads.hdfcbank.com/applications/webforms/apply/HDFC_CustomerCenter/Customer_Center.aspx

Select Bank Account---ATM/Debit Card Related---Annual Fees & Charges Billed to Bank Account

 

[TheTrickySid]

Are you sure all debit cards are lifetime free in savings max or just platinum debit card?

 

[Deleted member 5552]

Have received "Savings Max Upgrade" Email. I am aware of basic features.
View attachment 7971

Anyone please help me one following queries ->

1. I have applied for Millennia. Is it chargeable or will be free for Savings Max holder. Branch seems confused.
2. Is it easy to downgrade to Regular Savings account ?
3. Or keeping 10K in normal savings and doing 15K (7%) FD is better option ?

Did you upgrade or not? If you regularly maintain more than 25k, it is a good option.

 

[panu24]

View attachment 10119

I remember someone in some other topic pasted this image with row drawn just for easyshop to point that only platinum is LTF. Can't find that topic now.

 

[ramandeep]

View attachment 10119

Can you share original link, so that i can share with hdfc support and get back issuance charges regarding milennia debit card..which i had earlier