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How much initial funding required for HDFC Savings Max account ?

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Rkr
CreditLife said:
What is the initial funding required to open HDFC Savings Max account ? Bank representative have asked for 5 lakhs initial funding but didn't find anything on the website.

Savings Max Account - Open Savings Max Account for Max Savings with HDFC Bank

HDFC Bank Offers Savings Max Account with Max Savings and high interest rate that helps you save more money. Apply Online to open your savings max account at HDFC Bank.
www.hdfcbank.com www.hdfcbank.com
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You can open the HDFC saving max account with just 25K initial funding.The Average Monthly Balance (AMB) in the SavingsMax Account should be Rs. 25,000 or maintain requisite FD Relationship as per branch location.FD Relationship of Rs 1.50 lakh in Metro/ Urban location snd Rs 1 lakh in Semi Urban / Rural location
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SahilKr24 said:
Yes, I also called customer care and they said in their system kyc is done and all pan photo and signature are visible, still I was apprehensive as the mb showed kyc as pending. Seems like a common problem now. Will wait this saturday and update on what happens with welcome kit. I need the debit card to enable TPT it seems.
Still have to see when nb updates to reflect 25K MAB and all.
Click to expand...
Update: Today I got sms on how to set atm PIN, and when I checked in mb, kyc status is showing Y.
No sms about welcome kit yet
 
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I currently have a regular savings account and I'm a preferred program member. I'd like to open a Savings Max account. Is it possible to do this online? I'd like to maintain both accounts, the regular and the Savings Max. Will I need to undergo VKYC again since I already have a regular account?
 
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CreditLife said:
Bank representative has contacted me few days back so as a courtesy I have reached out. After the confirmation from rkr bro I have opened the account online 🚀
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The local branch executive asked me 5L FD as well and then said least we can do is 3L FD. I denied as I want to park minimum funds in FD. I have two doubts regarding online application:

1. Is there a way I can choose Millennia Debit card rather than the Platinum one, while applying itself or they will send Platinum by default and I wil lgave to close it and get Millennia?

2. If I choose 1L/1.5L FD route will it allow me to choose FD tenure since HDFC is offering better interest rates on 2 years FD?

Can someone please help with this?
 
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shivamk said:
The local branch executive asked me 5L FD as well and then said least we can do is 3L FD. I denied as I want to park minimum funds in FD. I have two doubts regarding online application:

1. Is there a way I can choose Millennia Debit card rather than the Platinum one, while applying itself or they will send Platinum by default and I wil lgave to close it and get Millennia?

2. If I choose 1L/1.5L FD route will it allow me to choose FD tenure since HDFC is offering better interest rates on 2 years FD?

Can someone please help with this?
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take lite.
directly apply online. process was pretty smooth when i did a month back. once i got the netbanking details, just deposited 25k and that's it, I didn't have to do anything else.
welcome kit can take 7-10 days to come; but with savingsmax you get platinum by default.
however, once you setup your account; then there is an option to take the millenia dc; as a replacement for platinum dc.
 
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dadofjohnwick said:
take lite.
directly apply online. process was pretty smooth when i did a month back. once i got the netbanking details, just deposited 25k and that's it, I didn't have to do anything else.
welcome kit can take 7-10 days to come; but with savingsmax you get platinum by default.
however, once you setup your account; then there is an option to take the millenia dc; as a replacement for platinum dc.
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Awesome, does net banking provide an option to choose FD instead of initial funding?
 
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shivamk said:
Awesome, does net banking provide an option to choose FD instead of initial funding?
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There's no requirement of IF while opening account online. You have trf money after acc is opened

If you want go via FD route, just open account and do a FD as per requirement. Nothing else has to be done. You can choose your own tenure, but IG min is 6 months for MAB waiver. Just after creating FD, shoot a mail confirming waiver of MAB in lieu of FD
 
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varun__goel_ said:
There's no requirement of IF while opening account online. You have trf money after acc is opened

If you want go via FD route, just open account and do a FD as per requirement. Nothing else has to be done. You can choose your own tenure, but IG min is 6 months for MAB waiver. Just after creating FD, shoot a mail confirming waiver of MAB in lieu of FD
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That sounds great. Thanks!
 
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Rkr said:
You can open the HDFC saving max account with just 25K initial funding.The Average Monthly Balance (AMB) in the SavingsMax Account should be Rs. 25,000 or maintain requisite FD Relationship as per branch location.FD Relationship of Rs 1.50 lakh in Metro/ Urban location snd Rs 1 lakh in Semi Urban / Rural location
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Hi,

I had HDFC Millennia credit card (since 2022) for which I created user ID to login in hdfc credit card portal, day before yesterday I had opened HDFC savings max account for which I received customer ID (numericals).

is it possible to login in savings account net banking using same user id which I had created to login in hdfc credit card portal?

(customer ID is complex to remember over user name)

TIA.
 
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hideaway said:
Open the acct online
Select acct type as Savings Max
Select the same branch which you have been asked for 5L Cheque
complete the VKYC Process.

Your acct will get activated in some time if all is gone well.

Wait for a day or two. Transfer 25k to this acct via UPI or netbanking. That's it.

This was the process i have done. Haven't even gone to my branch even once.
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Hey I just opened new account (saving max) yesterday and completed kyc I'm able to log in netbanking but debit card is not showing there neither I hdfc app
So should I wait for welcome kit to arrive before putting money into the account?
I can't use upi as I have no debit card linked to this account

Also I don't think the auto sweep is turned on by default in this account now but just to be sure how can I check if it is on or not ? I don't want auto sweep
 
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Hi guys , thinking of opening savings max account.
Can i add my mom and still maintain 25mab overall?
And with 1% cashback on CC payment gone, should i consider axis liberty account, for which i can maintain 25k overall with my mom.

Any other account recommendation?
 
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