What is eligible criteria of classic banking in HDFC Bank?

[Manishg]

I have Hdfc savings account of mab 5000 from August 2023 but have one lakh fd so amb non maintenance waived off. I have done transactions of 3 lakhs through debit card millennia, 5 lakhs UPI and have swiggy credit card. Can you tell me benefits of classic banking by your experience or simple words because Hdfc website complicates it. Can I be upgrade only by meeting criteria. Or I force my BM to made me in classic. Also what happens if I can't maintain the eligibility criteria for classic after upgrading? And does Hdfc also offers classic banking as pre approved offer and how much time requires it to so?

 

[Hell_Kitty]

I have Hdfc savings account of mab 5000 from August 2023 but have one lakh fd so amb non maintenance waived off. I have done transactions of 3 lakhs through debit card millennia, 5 lakhs UPI and have swiggy credit card. Can you tell me benefits of classic banking by your experience or simple words because Hdfc website complicates it. Can I be upgrade only by meeting criteria. Or I force my BM to made me in classic. Also what happens if I can't maintain the eligibility criteria for classic after upgrading? And does Hdfc also offers classic banking as pre approved offer and how much time requires it to so?

All banks offer different account variants by the minimum amount you maintain in your savings account. It's not like credit card where you get offers based on your spends but rather on the amount you keep with them by which banks earn money. All of these higher variants are just fancy wrappers, but the core remains same. If you don't maintain the required balance, they will levy fine on shortfall amount and over next 6 months they ask you to fulfil the required balance criteria failing to which they will downgrade the account.

 

[panu24]

Check already discussed thread

Thread 'HDFC Premier Banking Programmes: Classic vs Preferred vs Imperia'

Jul 12, 2024

Classic
(Eligibility: AMB 1L Savings OR 2L Current OR 1L Salary OR 5L Savings+FD)
https://www.hdfcbank.com/personal/save/high-networth-banking/premier-banking/classic
Preferred
(Eligibility: AMB 2L Savings OR 5L Current OR 1.5L Salary OR 15L Savings+FD)
https://www.hdfcbank.com/personal/save/high-networth-banking/premier-banking/preferred
Imperia
(Eligibility: AMB 10L Savings OR 15L Current OR 3L Salary OR 30L Savings+FD)
https://www.hdfcbank.com/personal/save/high-networth-banking/premier-banking/imperia

Eligibility...

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[Hell_Kitty]

I have Hdfc savings account of mab 5000 from August 2023 but have one lakh fd so amb non maintenance waived off. I have done transactions of 3 lakhs through debit card millennia, 5 lakhs UPI and have swiggy credit card. Can you tell me benefits of classic banking by your experience or simple words because Hdfc website complicates it. Can I be upgrade only by meeting criteria. Or I force my BM to made me in classic. Also what happens if I can't maintain the eligibility criteria for classic after upgrading? And does Hdfc also offers classic banking as pre approved offer and how much time requires it to so?

For you its 5 lakhs to be eligible for Classic Banking.

 

[Abhishek007]

I recently opened around 30L FD for my parent in HDFC, do I have to ask hdfc for the upgrade or it will automatically get upgraded?

 

[itzmycard]

I recently opened savings max account with 25k initial funding and I was directly put in classic banking programme. how did hdfc decide I require classsic services ??