Does HDFC bank offer a discount of minimum balance requirement for senior citizens?


#1

Does HDFC bank offer a discount of minimum balance requirement for senior citizens?


#2

Hi Dhyan,

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.

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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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Cheers,
BB Expert