HDFC is the largest private bank also No 1 bank in India by market capitalization. The bank offers a wide variety of products and services including Retail and Wholesale Banking, Personal Banking, Home loans, insurance, Auto, Business Loans, Lifestyle Loans, Credit and Debit Cards, etc. The bank also provides digital products such as Payzapp and SmartBUY.

Type | Private Company |
Industry | Financial Services |
Founded | 1994 |
Key Person | Sashidhar Jagdishan |
Headquarters | Mumbai – India |
Area served | All India |
Products | Banking |
Asset | 82,31,22,12,96,000.00 Indian Rupee (US$110 billion) (2021) |
Number of Branches | 5103 |
Number of ATMs | 13160 |
Number of Employees | 1,00,000 + |
Official Website | https://www.hdfcbank.com/ |
Minimum Balance Requirements:-
- To open a Savings Regular Account, a minimum initial deposit of Rs. 10,000/- is required for urban branches, Rs. 5,000/- for Semi-urban branches and Rs. 2,500/- for rural branches.
- It is mandatory to maintain a minimum average monthly balance of Rs. 10,000/- for urban branches, Rs.5000/- for semi-urban branches, and an average quarterly balance of Rs. 2500/- or a Fixed Deposit of Rs.10,000/- for a minimum tenure of 1 year 1 day for rural branches
- If the required average balance is not maintained in savings account, the following non-maintenance charges will be levied.
Balance Non-Maintenance Charges* | ||
AMB Slabs (in Rupees) | Metro & Urban | Semi Urban |
AMB Requirement -Rs 10,000/- | AMB Requirement –Rs. 5,000/- | |
>=7,500 to < 10,000 | Rs. 150/- | NA |
>=5,000 to < 7,500 | Rs. 300/- | NA |
>=2,500 to < 5,000 | Rs. 450/- | Rs. 150/- |
0 to < 2,500 | Rs. 600/- | Rs. 300/- |
*Service Tax + Cess applicable.
AMB – Average Monthly Balance.
AQB Slabs (in Rupees) | Balance Non-Maintenance Charges* (per quarter) – Rural Branches |
>= 1000 < 2,500 | Rs. 270/- |
0 – <1000 | Rs. 450/- |
*Service Tax + Cess applicable
AQB – Average Quarterly Balance.
