What is the benefit of an HDFC Classic account, Preferred Account

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What is HDFC Bank Classic Banking, What is the benefit of an HDFC Classic account?

HDFC classic banking is just like any other saving account but given more privilege as compared to a normal saving account.

How to open HDFC Bank classic banking account?How can I upgrade my HDFC account from classic to standard?

If you want to open classic savings account instantly, you need to fulfill some criteria. First of all, you need to deposit a minimum of 1 lac rupees as a check for the opening of the classic savings account. Tell your branch manager to directly upgrade your account to the HDFC Bank classic account. After the procedure, your account will be upgraded to an HDFC Bank Classic Saving account, and you can enjoy your HDFC Bank Classic Banking Benefits. Aslo read: Can I transfer my HDFC bank account online to another branch? hdfc classic premium banking features

What happens if I don’t maintain hdfc classic banking minimum balance?

So most important question is what happens if I am unable to maintain the minimum required average balance for an HDFC Bank Classic account? And What is the benefit of an HDFC Classic account? So it’s assumed that you have maintained 2 lac rupees as a monthly average balance for more than 5 months, and then somehow you have used your money for some urgent work. In this case, your account will be downgraded to a normal savings account but not instantly.

HDFC Bank evaluates the transaction every 3 months for its customers. If you are unable to maintain the minimum required to balance your account will be reverted to normal savings account if you do this for more than 6 months. The Bank will send you a mail or by post letter to maintain the minimum required balance. After the procedure, your account will be downgraded. Topic – What is the benefit of an HDFC Classic account? Also read: HDFC Paytm Credit Card Apply

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HDFC Classic Banking Feature Compared To A Normal HDFC Savings Account HDFC Classic Banking Vs prefered hdfc classic banking vs preferred hdfc preferred savings account

As a classic account customer, you are not an ordinary person for the HDFC Bank. And HDFC Bank Classic Banking Benefits is a huge help to get a high-level credit card within a month or two. You have more privilege as compared to a normal saving account.

HDFC Bank Classic Banking or HDFC Preferred Account? What is the benefit of an HDFC Classic account?

1. Dedicated RM (relationship manager) that is just a call away for any kind of banking service. But you need to visit the branch. Without visiting service is available for only HDFC Bank Preferred Banking Customers.

2. Free Classic Platinum Debit Card without that debit card cost 750INR for Regular Saving Account.

3. NIL Charges on non Maintenance of Minimum Balance in Savings Accounts. But if you have done it again and again then your account will be downgraded and you need to fulfill all these criteria on per regular basis.h

4. 5% better rate on foreign transactions.
5. Free cheque book issuance.
6. Free NEFT/RTGS, BILLPAY. Nil charges on the demand draft.

7. Free unlimited ATM withdrawal on any atm (non-hdfc also)
8. Upto 2 lakh free cash deposit or withdrawal at any home or non-home-branch.

Benefits on family accounts of HDFC Bank Classic Account HDFC Classic Account Advantage

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Ive said almost everything about What is the benefit of an HDFC Classic account. Now you/your family member have an HDFC Bank Classic Banking account, you can enjoy the same to your account also by adding all the accounts in one place. HDFC Bank Classic Banking allows you to connect your family members to a classic banking program. But this feature is not available on HDFC Bank Netbanking, you need to contact the branch to do this.

What is the benefit of an HDFC Classic account

HDFC Bank Family Account Balance Maintenance

1. A minimum Average Monthly Balance of Rs.1 Lac in the Savings Accounts or
A minimum Average Monthly Balance of Rs.5 Lac in a combination of Savings Accounts and Fixed Deposit.

It means that you are not required to maintain 1 lac rupees as every account maintenance balance. Assume that you have five members in your family, and they have an HDFC Bank Classic Banking Account, then you can maintain 2.5 lacs for 2 accounts and zero balance for the other 3 accounts.

There’s no charge if you have not maintained the minimum required balance for 3 accounts if you have the minimum amount to your other 2 accounts. These are the same rule for hdfc nri classic banking account also. So What is the benefit of an HDFC Classic account? Now you have got the answer. Also read: HDFC Bank Millennia Debit Card Features

How can I upgrade my HDFC account from classic to standard?

Just simply visiting the home branch. If you have fulfil their criteria.

What is a classic bank account?

HDFC classic banking is just like any other saving account but given more privilege as compared to a normal saving account.

What is the minimum balance in HDFC current account?

No. HDFC doesn’t have any current account variant.

What happens if I don’t maintain minimum balance in HDFC classic account?

HDFC Bank evaluates the transaction every 3 months for its customers. If you are unable to maintain the minimum required to balance your account will be reverted to normal savings account if you do this for more than 6 months.
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3 thoughts on “What is the benefit of an HDFC Classic account, Preferred Account”

    • To be honest there’s no zero balance account in HDFC Bank. Some Youtubers are putting wrong thumbnail for only views. I request you personally to don’t do this.

      Please remember you have to maintain some balance.
      Urban areas: 10.000
      Semi urban: 5000
      Rural: 2500

      Reply

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