Is it worth upgrading to HDFC Prime Banking from an HDFC SavingsMax account?

[abhikbose]

I have a SiavingMax account with HDFC Bank. Today, I received an SMS offer that I am eligible for a Prime banking upgrade. I am not sure what this upgrade will provide. I have the following doubts. Any expert advice on this will be helpful

1. What are the benefits of Prime Banking over the SavingsMax account?
2. I have a free Platinum debit card with SavingsMax. Will Prime also get a free debit card? Nothing is mentioned on the HDFC site.
3. For SavingsMax, the MAB requirement is 25k in savings or 1.5lakh in FD. For Prime, it is 35k in savings or 1lakh in FD. So, FD-wise, Prime is cheaper. If Prime is an upgrade from SavingsMax, most customers will choose Prime during an account opening. Why should someone choose SavingsMax instead of Prime while opening an account? [When I opened the account, I didn't know about Prime]
4. Any other benefits of prime? Shall I consider this upgrade?

Thank you in advance

 

[HumorSimpson]

Currently any charges for you 'debit card annual fee', 'sms charges' etc.?

no ..as i had some junk debit card. Only recently switched to millenia dc. Charges , not sure when they levy

 

[helloworld]

no ..as i had some junk debit card. Only recently switched to millenia dc. Charges , not sure when they levy

I believe mostly urs still salary, and hence they don't want to downgrade. Because salary is high category in base account. If you didn't receive any charges for SMS then its salary, because 10k has some sms charges quarterly or IMPS charges also there if not salary.

Salary = SavingsMax = Classic = Preferred = Imperia.

 

[HumorSimpson]

I believe mostly urs still salary, and hence they don't want to downgrade. Because salary is high category in base account. If you didn't receive any charges for SMS then its salary, because 10k has some sms charges quarterly or IMPS charges also there if not salary.

Salary = SavingsMax = Classic = Preferred = Imperia.

Account details show 10k minimum balance required

 

[helloworld]

Account details show 10k minimum balance required

thats normal message, its still tagged as salary if no charges for IMPS, SMS etc. and no debit card annual fee.

IMPS: <1000, they'll charge 4rs. apprx for regular to classic accounts. Only salary, preferred, imperia exception.

 

[HumorSimpson]

thats normal message, its still tagged as salary if no charges for IMPS, SMS etc. and no debit card annual fee.

IMPS: <1000, they'll charge 4rs. apprx for regular to classic accounts. Only salary, preferred, imperia exception.

OK. IMPS never used as it is not my primary account. It's been 3 months since I got the Millenia DC and no charges yet. Is it safe to assume it's salary account?

 

[abhikbose]

Prime Premier Banking - All You Need to Know | HDFC Bank

Experience the best of both worlds with Prime Premier Banking. Enjoy premium benefits, personalized services, and expert financial guidance tailored to your unique needs.

www.hdfcbank.com

Prime Premier Banking - All You Need to Know | HDFC Bank duplicate duplicate

Experience the best of both worlds with Prime Premier Banking. Enjoy premium benefits, personalized services, and expert financial guidance tailored to your unique needs.

www.hdfcbank.com

"All other charges/fees not listed above will be applicable as per the respective base product variant held by the customer"



SavingsMax is account variant, Prime is the HNI program (Other HNI Programs, Classic, Preferred, Imperia etc.). If anything happens with downgrade or upgrades, base account variant will be same always.

Savings Accounts (Your BASE always): https://www.hdfcbank.com/personal/save/accounts/savings-accounts
HNI Programs (Changes as per balance): https://www.hdfcbank.com/personal/save/high-networth-banking/premier-banking

Prime

v.hdfcbank.com

I just applied for Prime banking. Can I check whether I am currently in the Prime banking program online or over the phone?

 

[HumorSimpson]

I just applied for Prime banking. Can I check whether I am currently in the Prime banking program online or over the phone?

I got an sms that it will be completed in 3 working days. So, wait for a welcome message once done.

 

[Ak Singh]

How to check in hdfc preferred that family member account linked to group level?

 

[helloworld]

I just applied for Prime banking. Can I check whether I am currently in the Prime banking program online or over the phone?

once done. netbanking shows 'prime' at top left as logo.

mobile app, menu shows 'prime' below profile pic.

 

[helloworld]

How to check in hdfc preferred that family member account linked to group level?

that only RM can confirm.