HDFC Savings Max Account - Discussion

[am11]

The one with diamond shape print? Did you apply for the account online or offline? Can you confirm with your banker if its LTF or paid? And is this the only accuont you have with HDFC or are you enrolled in like a banking program like Preferred Banking?

Thanks!

Yes, the one with the diamond print. I applied online and this is my first account with HDFC. So no classic or preferred status yet. Only had credit cards (DCB, Swiggy and Neu) till date.
Will confirm via email whether the platinum card is free or not.

 

[CarbonLogic]

Yes, the one with the diamond print. I applied online and this is my first account with HDFC. So no classic or preferred status yet. Only had credit cards (DCB, Swiggy and Neu) till date.
Will confirm via email whether the platinum card is free or not.

Thanks im planning to apply online next week.

 

[am11]

Thanks im planning to apply online next week.

I have also taken confirmation from Customer Care via email that the new Platinum Debit Card is free for Savings Max account.

 

[CarbonLogic]

I have also taken confirmation from Customer Care via email that the new Platinum Debit Card is free for Savings Max account.

Thanks! Much appreciated!

 

[DarthBrooks]

I have an HDFC Savings Max Account, since my company isn't partnered with HDFC, I can't convert it to Salary Account, I am thinking to switch my salary to ICICI where my company is partnered and park balance in HDFC, will it change the situation in any way with HDFC or should I keep my salary coming in HDFC ?

 

[JSK111]

I have an HDFC Savings Max Account, since my company isn't partnered with HDFC, I can't convert it to Salary Account, I am thinking to switch my salary to ICICI where my company is partnered and park balance in HDFC, will it change the situation in any way with HDFC or should I keep my salary coming in HDFC ?

No issues as long as you either maintain 25k amb or 1.5L in FD.

 

[DarthBrooks]

No issues as long as you either maintain 25k amb or 1.5L in FD.

Oh great then, thanks for confirming.

 

[sriteja]

Anyone remember if IMPS was previously free in Savings Max Account?

In my statement, I saw that I am getting charged for IMPS transactions. But I remembered that it was free for savings max accounts. I checked on website but currently it is mentioned as free for only speciale accounts.

Was IMPS charged for savings max accounts from start itself and I remember it wrong ? or Did HDFC changed it's T&C for savings max account

 

[Humanbeing]

Anyone remember if IMPS was previously free in Savings Max Account?

In my statement, I saw that I am getting charged for IMPS transactions. But I remembered that it was free for savings max accounts. I checked on website but currently it is mentioned as free for only speciale accounts.

Was IMPS charged for savings max accounts from start itself and I remember it wrong ? or Did HDFC changed it's T&C for savings max account

I guess it was chargeable for Saving Max; it was only waived off for Preferred & Imperia customers if I recall correctly, but let other folks chime in for up-to-date information.

 

[6ix9ine]

Anyone remember if IMPS was previously free in Savings Max Account?

In my statement, I saw that I am getting charged for IMPS transactions. But I remembered that it was free for savings max accounts. I checked on website but currently it is mentioned as free for only speciale accounts.

Was IMPS charged for savings max accounts from start itself and I remember it wrong ? or Did HDFC changed it's T&C for savings max account

It was always chargeable

 

[CarbonLogic]

Was always chargeable

Check IMPS Charges & IMPS Fees applicable on Online Transfers at HDFC Bank

Find out the charges applicable on IMPS Payment done through internet banking or mobile banking offered by HDFC Bank. Also be aware of the fees levied for maintenance.

www.hdfcbank.com

 

[sriteja]

I guess it was chargeable for Saving Max; it was only waived off for Preferred & Imperia customers if I recall correctly, but let other folks chime in for up-to-date information.

It was always chargeable

Was always chargeable

Check IMPS Charges & IMPS Fees applicable on Online Transfers at HDFC Bank

Find out the charges applicable on IMPS Payment done through internet banking or mobile banking offered by HDFC Bank. Also be aware of the fees levied for maintenance.

www.hdfcbank.com

Thanks, I guess I read it wrong in that case.

Also FYI the cash transaction limit was previously 500000 for Savings Max account, but now it is reduced to 100000. I got charged around 2600 rupees for a cash transaction at the bank, even though the cashier at bank informed that it is free for savings max account. I have raised a complaint with HDFC, will see how it goes.


With all these I don't see any point in maintaining savings max account. Downgrading to a regular account with Classic/Preferred upgrade seems better in comparison to savings max account as all the charges are seems to be similar for savings max and a normal account.

 

[6ix9ine]

Downgrading to a regular account with Classic/Preferred upgrade seems better in comparison to savings max account as all the charges are seems to be similar for savings max and a normal account.

This is an upgrade buddy, not downgrade.

Classic and Preferred banking require a higher MAB than ₹25K. For classic, the MAB is ₹1L, and for preferred, it's ₹4L.

Also, IMPS transactions are still chargeable on classic banking. You need a preferred banking for free IMPS.

I don't use IMPS with HDFC, as UPI, NEFT, and RTGS work just fine.

 

[JSK111]

Imps is free with regular SBI savings account.

 

[6ix9ine]

Imps is free with regular SBI savings account.

+1 solid account to have.