HDFC Classic Banking Query
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Don't believe him. Or, tell him give that in writing.
Also, contact CC & ask if that's possible.
You are lucky as that's not the norm.
"In case of change in account relationship/downgrade of account, the debit card annual charges shall be applicable from the date of change in relationship. The schedule of charges is subject to change from time to time and the customer is requested to visit the website www.hdfcba...om for further information. The customer further agrees and gives its express consent that, in case of a change in account relationship at any point in time, the Bank reserves the unconditional right to levy appropriate charges as applicable for the Debit Card variant on pro rata basis for the period from the date of change in account relationship till the next billing date, as may be applicable."
May Be True , My Father Has 25k Account... After A Long Time He Went To The Bank And Asked For 5k Avg Balance Conversion And Gave Form. After 2 Days Checked In Internet Banking , Showing Monthly Balance Required Is ZERO.
While My Mother Accounts Showing 5000 Monthly Balance Required.
He is right if you can open classic account directly through initial payment.
Even though there is 1 lack mab for classic account non maintenance charges are waived off and platinum debit card is free too
I have a classic account with hdfc for 7 years.and during my college days I have never maintained mab and there was no downgrade or charges levied
Right now I am using rupay platinum card and using to pay bill via amazon friday offer
Is rupay better or platinum ?
Get it in writing or on email, then you can get it otherwise forget it and go for regular SavingsMax
Dont worry about classic banking downgrade
just put some FD even 5k is fine as far as i know:) but 25k is better, so as long as you have 25k FD they wont easily downgrade
why?
because your TRV is 25k minimum thats what they want I think:) as max account is 25k with all features of classic except 0 balance, so if you can maintain 25k FD then your classic account features wont be downgraded as far as I faced with this HDFC classic banking:)
when downgrade email came i just put 5k FD and just left it as it is and still now no downgrade happened:)
but now eventually i maintain around 50k TRV now
20k in 2 HDFC account and 30k as FD+RD at this moment (maybe thats why too)
I am currently using HDFC Savings Max account so I am maintaining 25k+ MAB to make Plat ES DC fee waived off. And for last few months my account upgraded to Preferred variant. Now my question is do I need to still maintain 25k MAB to have LTF Plat ES DC? Because for preferred variant account, by default there are no charges for DC right? The reason I don't want to maintain 25k+ is or book any FD, due to my salary, I fall into last tax slab so I don't wanna end up paying more taxes on the savings account interest annually so planning to reduce as much balance as I can on my account
Don't believe him. Or, tell him give that in writing.
Also, contact CC & ask if that's possible.