HDFC bank savings account

63°
Deal Newbie
DesiBond

I visited HDFC bank branch to open classic savings account. I have been recommended a savings max account with an AMB of 25K. However, a bank employee is also insisting that I open a 3-in-1 savings+demat+trading account since portfolio maintenance charges for demat account are “FREE” for the first year and I can close it before the end of the first year. I have a few queries. Please advise.
1. Should I open a demat+trading account even though I have no use for it ? Are there any hidden charges? How easy or difficult is it to close the demat+trading account? What’s the catch?
2. Is there any difference between easyshop classic platinum and easyshop platinum debit card? Which one should I opt for? Are there any card issuance charges for hdfc platinum or millenia debit card on opening a savings max account?
3. How can I verify from my end as an account holder that the account is upgraded to classic?

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Deal Cadet Deal Cadet
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Demat charges are free for first year only. Check their terms and conditions

Deal Newbie Deal Newbie
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christiano wrote:

Demat charges are free for first year only. Check their terms and conditions

Sorry, I meant I can close it before the end of the first year. I will edit the query now.

Deal Cadet Deal Cadet
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DesiBond wrote:

Sorry, I meant I can close it before the end of the first year. I will edit the query now.

I think you should open Savings Max online.

Deal Lieutenant Deal Lieutenant
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However, a bank employee is also insisting that I open a 3-in-1 savings+demat+trading account since portfolio maintenance charges for demat account are “FREE” for the first year and I can close it before the end of the first year
mat pado in chakkaro me, ragde jaoge
check if they have charges if account is closed within one year

Deal Cadet Deal Cadet
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So you are not going to use it and close within an year? rolleyes
Brother get what you want. Except for classic account all those they mentioned can be opened online, what’s the point of going to branch.

Deal Newbie Deal Newbie
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Ask for 10% of his annual incentive before you take a bite on his sales target.

Deal Cadet Deal Cadet
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Is rupay platinum card free on savings max account ?

Deal Subedar Deal Subedar
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Watcher wrote:

Is rupay platinum card free on savings max account ?

Every Dc is free from Savings Max

Op see if you can cut a deal with branch manager
They have schemes like deposit 1L-1.5L during account opening and get zero balance account
You can withdraw the money next day

Deal Cadet Deal Cadet
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EkdamSastaRaju wrote:

Every Dc is free from Savings Max

Op see if you can cut a deal with branch manager
They have schemes like deposit 1L-1.5L during account opening and get zero balance account
You can withdraw the money next day

some good hdfc cards : Millennia DC & Rupay Platinum DC.
Both are free with savings max then ?
So we can also cut deal with BM to Zero Balance account with good initial deposit ! Thats something lucrative . I think no online hdfc account variant provides low MAB or zero balance account with free Debit card charges , Right?

Deal Subedar Deal Subedar
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Watcher wrote:

some good hdfc cards : Millennia DC & Rupay Platinum DC.
Both are free with savings max then ?
So we can also cut deal with BM to Zero Balance account with good initial deposit ! Thats something lucrative . I think no online hdfc account variant provides low MAB or zero balance account with free Debit card charges , Right?

Every card is free with Max , but you can opt only 1 at a time
Debit card would be chargeable for 0 bal account

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