How do we check monthly average balance in HDFC Bank?

[crazyuploader]

Hello,

I've been trying to check monthly average balance for quite a while now, and for some reason I'm not able to get any option in HDFC Bank Mobile app or its NetBanking. Any place where I'm missing? Or HDFC Bank shows monthly average balance at all?

Regards.

 

[VISHESH_BANSAL]

In the old method, whole average day balance are not considered.

In New method, mab is average of whole average day balance of days of a month.

Hour, minutes, milliseconds balance are also considered.

For example federal neo banking jupiter, considers hourly balance.

Old is Gold.

Then Jupiter would also Calculate interest per hour Hour Basis
If not then it is just doglapan.

 

[varun__goel_]

Is this some offer or something? I'm seeing 0 required MAB from past 3 months or so. And also I don't mean that one, I mean my average balance for a month. Weird we can't see in HDFC Bank

You might have opened the account online. HDFC waives off AMC for 1 year if account is opened online

 

[Anil_Singh]

You might have opened the account online. HDFC waives off AMC for 1 year if account is opened online

I opened account offline. A month ago. I don't need to maintain any balance for 1 year? Check image.

 

[Rkr]

I opened account offline. A month ago. I don't need to maintain any balance for 1 year? Check image.

View attachment 15091

Ohhh tahts good...

 

[crazyuploader]

Yes It is fine, but do not do such withdrawals/deposits midnight I.e just before 12 AM

Alright, so I'll do all the stunts before midnight!

 

[crazyuploader]

Hdfc still follows old aged method.

Only day end I.e 23:59 balance will be considered as average balance of the day. Even the hdfc says this type method only to calculate mab.

https://www.hdfcbank.com/personal/tools-and-calculators/amb-calculator

You are max ac, once ask rm

That's great, thanks for the help. Also I don't think I get a RM in SavingsMax account

 

[Rkr]

I opened account offline. A month ago. I don't need to maintain any balance for 1 year? Check image.

View attachment 15091

You account varriant..?

Alright, so I'll do all the stunts before midnight!

Hahhah

 

[crazyuploader]

You might have opened the account online. HDFC waives off AMC for 1 year if account is opened online

Yes indeed my account was opened online as in offline they were asking for a cheque of 5k, and I didn't have a chequebook so opened account online. I was going for a typical MAB account which was going to be 5k, but one of my friends told me to go for SavingsMax as I can get Platinum Debit Card for free and that can be great for Credit Card payments, and to my surprise till date I keep seing required MAB as 0. And also this HDFC waive off thingy, is it written somewhere on their website? So that I at least have proof if I go below MAB and if I'm charge I have something to retaliate with

 

[varun__goel_]

W

Yes indeed my account was opened online as in offline they were asking for a cheque of 5k, and I didn't have a chequebook so opened account online. I was going for a typical MAB account which was going to be 5k, but one of my friends told me to go for SavingsMax as I can get Platinum Debit Card for free and that can be great for Credit Card payments, and to my surprise till date I keep seing required MAB as 0. And also this HDFC waive off thingy, is it written somewhere on their website? So that I at least have proof if I go below MAB and if I'm charge I have something to retaliate with

When opening it online, they mention it under there under req bal.I also opened online, but after 4 months it changed to 5k mab as per netbanking, may be they are considering a calendar year for this purpose, as I opened in Sep, and when checked in jan they changed it to 5k

 

[varun__goel_]

Here in this, it shows only for regular savings account so can't confirm it for SavingsMax

 

[SiddharthR]

One can use this to calculate AMB https://www.hdfcbank.com/personal/tools-and-calculators/amb-calculator

Below ss says Required balance is zero, does this mean I don't need to maintain AMB for my HDFC Preffered AC (Initially opened ac is SavingsMax) @VISHESH_BANSAL

 

[saucy]

What is the new age method to calculate AMB ? Explain (20 Marks)

Mention kya fuuk ke likhte ho for extra marks

 

[VISHESH_BANSAL]

One can use this to calculate AMB https://www.hdfcbank.com/personal/tools-and-calculators/amb-calculator

Baat toh wahi hai end of day balance nikal hi rahe hai toh thodi mhnat aur kar lege Add karne ki and divide karne ki.

Below ss says Required balance is zero, does this mean I don't need to maintain AMB for my HDFC Preffered AC (Initially opened ac is SavingsMax) @VISHESH_BANSAL
View attachment 15104

Do not have any idea about this.
Even after Classic Account, It is reflecting 25k for me. and before Classic Upgrade also It was 25k.

Better to confirm over E-Mail.
support@hdfcbank.com

 

[saucy]

One can use this to calculate AMB https://www.hdfcbank.com/personal/tools-and-calculators/amb-calculator

Below ss says Required balance is zero, does this mean I don't need to maintain AMB for my HDFC Preffered AC (Initially opened ac is SavingsMax) @VISHESH_BANSAL
View attachment 15104

Preferred me AMB is zero. You can check it on the website - for "HNI banking"

 

[saucy]

Baat toh wahi hai end of day balance nikal hi rahe hai toh thodi mhnat aur kar lege Add karne ki and divide karne ki.

Do not have any idea about this.
Even after Classic Account, It is reflecting 25k for me. and before Classic Upgrade also It was 25k.

Better to confirm over E-Mail.
support@hdfcbank.com

Could be that you applied for sweep in facility. If my memory serves me right, there's some clause for activating sweep in that has to do with 25k

 

[saucy]

Yes indeed my account was opened online as in offline they were asking for a cheque of 5k, and I didn't have a chequebook so opened account online. I was going for a typical MAB account which was going to be 5k, but one of my friends told me to go for SavingsMax as I can get Platinum Debit Card for free and that can be great for Credit Card payments, and to my surprise till date I keep seing required MAB as 0. And also this HDFC waive off thingy, is it written somewhere on their website? So that I at least have proof if I go below MAB and if I'm charge I have something to retaliate with

You might want to consider doing some good FDs and upgrading to preferred/classic banking. 0amb as i could understand.

Also 1.5L fd with 0 savings balance is OK for savings max

 

[VISHESH_BANSAL]

Could be that you applied for sweep in facility. If my memory serves me right, there's some clause for activating sweep in that has to do with 25k

Yes right Branch enabled it automatically but I never closed it.

So , I have to maintain 25k even after Classic?

 

[saucy]

Yes right Branch enabled it automatically but I never closed it.

So , I have to maintain 25k even after Classic?

 

[saucy]

Ye bhi kuch mast hi fuukte hain, bata raha hu.

 

[varun__goel_]

One can use this to calculate AMB https://www.hdfcbank.com/personal/tools-and-calculators/amb-calculator

Below ss says Required balance is zero, does this mean I don't need to maintain AMB for my HDFC Preffered AC (Initially opened ac is SavingsMax) @VISHESH_BANSAL
View attachment 15104

Yeah my father has preferred, he never mantains mab, not for even savings max level