Does HDFC bank offer a discount of minimum balance requirement for senior citizens?
A minimum deposit of Rs. 5,000/- is required to open a Senior Citizens Account and thereafter an Average Monthly Balance (AMB) of the same amount has to be maintained.
All resident individuals (sole or joint) in the age group of 60 years and above are eligible to open a Senior Citizens Account. In the case of a joint account, the first applicant has to be a senior citizen.
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