Hfdc classic account

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I am having hdfc classic account. Do I need to maintain 1lac avg balance for every month to avail the benefits of the classic account?

52 Comments  |  
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@RupeeBachao if you have great relation with your RM (which is a rare thing with our RMs lol laughing ), your account won’t be downgraded…HDFC itself doesn’t downgrade the accounts in Classic or Preferred…I have seen several people not maintaining 1 lac in Classic & 2 lacs in Preferred but there accounts didn’t get downgraded…It’s upto your RM to decide if he/she will downgrade your account or not but considering most (if not all) RMs are crap in most Indian banks and they are only interested in forcing you to buy Insurance policies,MFs, SIPs, FD/RDs & some other crap banking services to achieve their “targets” which you may never need…So, you should not take the chance of not maintaining the AMB if you really want to stay in Classic…

P.S. My Yes Bank RM told me once to close my FD which I booked online just 1 day before & do an FD through him & transfer all my balance from other banks to my Yes Bank Account because he is not being able to meet his targets for that month… laughing laughing

RMs are a joke in Indian banks…Several times I had to block the number of my RMs…

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Sushrut.B wrote:

@RupeeBachao if you have great relation with your RM (which is a rare thing with our RMs lol laughing ), your account won’t be downgraded…HDFC itself doesn’t downgrade the accounts in Classic or Preferred…I have seen several people not maintaining 1 lac in Classic & 2 lacs in Preferred but there accounts didn’t get downgraded…It’s upto your RM to decide if he/she will downgrade your account or not but considering most (if not all) RMs are crap in most Indian banks and they are only interested in forcing you to buy Insurance policies,MFs, SIPs, FD/RDs & some other crap banking services to achieve their “targets” which you may never need) you should not take the chance of not maintaining the AMB if you really want to stay in Classic…

P.S. My Yes Bank RM told me once to close my FD which I booked online just 1 day before & do an FD through him & transfer all my balance from other banks to my Yes Bank Account because he is not being able to meet his targets for that month… laughing laughing

RMs are a joke in Indian banks…Several times I had to block the number of my RMs…

Thank you for explanation

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@Sushrut.B Suppose my account got downgraded to some other variant.Then, Do they charge immediately for platinum debit card(750+gst)?

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RupeeBachao wrote:

@Sushrut.B Suppose my account got downgraded to some other variant.Then, Do they charge immediately for platinum debit card(750+gst)?

If you keep atleast 25k AMB, then your account will get downgraded to SavingsMax account & EasyShop Platinum card comes LifeTime Free with it…So no charges will be applicable for it…But if you keep below 25k AMB, then it will get downgraded to the basic 10K AMB account where you will have to pay 750+GST for Easyshop Platinum every year…

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Deal Newbie
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As per my experience..
Mine is a 12 yr old account, originally opened as zero balance, for with basic atm card. Rarelly used it for coming few years.. and kept hardly 1k in that for next 6yrs.
Than.. got it converted to salary account, got easy shop dc offered lt free.
Around.. 2yr back.. salary credits stopped into hdfc, they changed it to normal saving account..and enforced 10k mab requirement.

But dc was never charged or downgraded from easyshop.
PS. I maintain bare minimum 10k mab, and a standard customer right now.

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I am maintaining less than 100 rupee in my hdfc acc
still it is in preferred category
rm told me to fund something
I told him no money coz of corona

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If we pay credit card bill with easy shop platinum card will we get rewards ?

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RupeeBachao wrote:

@Sushrut.B Suppose my account got downgraded to some other variant.Then, Do they charge immediately for platinum debit card(750+gst)?

You don’t have to worry about charges, debit card charges are yearly basis. If they charge anything you can call and request them to reverse change.

And your money will be refunded even you have normal 10k account.

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sitapodila227 wrote:

If we pay credit card bill with easy shop platinum card will we get rewards ?

Yes ,you will get 1% cashback if you have paid it from hdfc billpay platform.

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SARDARKHAN wrote:

I am maintaining less than 100 rupee in my hdfc acc
still it is in preferred category
rm told me to fund something
I told him no money coz of corona

From March they removed the min balance requirements. It’ll be downgraded after August.

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Simbha3 wrote:

From March they removed the min balance requirements. It’ll be downgraded after August.

pensive
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Sushrut.B wrote:

@RupeeBachao if you have great relation with your RM (which is a rare thing with our RMs lol laughing ), your account won’t be downgraded…HDFC itself doesn’t downgrade the accounts in Classic or Preferred…I have seen several people not maintaining 1 lac in Classic & 2 lacs in Preferred but there accounts didn’t get downgraded…It’s upto your RM to decide if he/she will downgrade your account or not but considering most (if not all) RMs are crap in most Indian banks and they are only interested in forcing you to buy Insurance policies,MFs, SIPs, FD/RDs & some other crap banking services to achieve their “targets” which you may never need…So, you should not take the chance of not maintaining the AMB if you really want to stay in Classic…

P.S. My Yes Bank RM told me once to close my FD which I booked online just 1 day before & do an FD through him & transfer all my balance from other banks to my Yes Bank Account because he is not being able to meet his targets for that month… laughing laughing

RMs are a joke in Indian banks…Several times I had to block the number of my RMs…

AFAIK rm’s cannot control the downgrade if the balance is not there. Banks have a software which calculates how much deposits you have in the bank. Say you have a 10 lac fd or some policy then they will never downgrade your account even if it is not having the minimum balance.

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Deal Subedar
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Classic customer for 3 years. Never had more than 20000 balance since 2018, still enjoying all previleges. Current balance is Rs.59. Enjoying platinum debit card for free, it’s 750 pa otherwise. After classic upgrade, got regalia first credit card too. RM calls once in a while asking for any loan requirements. It may be after seeing my balance, my RM never asked me to start an FD biggrin

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ZIZER wrote:

Classic customer for 3 years. Never had more than 20000 balance since 2018, still enjoying all previleges. Current balance is Rs.59. Enjoying platinum debit card for free, it’s 750 pa otherwise. After classic upgrade, got regalia first credit card too. RM calls once in a while asking for any loan requirements. It may be after seeing my balance, my RM never asked me to start an FD biggrin

How to check, if the account is classic or not?

Is it shown on netbanking that this account is classic/regular/special etc?

I do get calls from RM every month asking for loans, but he is more interested in deposits.

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ramadesidime wrote:

How to check, if the account is classic or not?

Is it shown on netbanking that this account is classic/regular/special etc?

I do get calls from RM every month asking for loans, but he is more interested in deposits.

Yes it does show i think the level is classic then imperia and then preferred?
Also has any one solved the issue pertaining to “no atm card link to this account” When trying to upgrade the card

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ZIZER wrote:

Classic customer for 3 years. Never had more than 20000 balance since 2018, still enjoying all previleges. Current balance is Rs.59. Enjoying platinum debit card for free, it’s 750 pa otherwise. After classic upgrade, got regalia first credit card too. RM calls once in a while asking for any loan requirements. It may be after seeing my balance, my RM never asked me to start an FD biggrin

Platinum vs millenia card? Any insight? Will pay cc bills with this

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saitama wrote:

Yes it does show i think the level is classic then imperia and then preferred?
Also has any one solved the issue pertaining to “no atm card link to this account” When trying to upgrade the card

.

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saitama wrote:

Yes it does show i think the level is classic then imperia and then preferred?
Also has any one solved the issue pertaining to “no atm card link to this account” When trying to upgrade the card

Classic ,preferred and imperia that’s order I think

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saitama wrote:

Yes it does show i think the level is classic then imperia and then preferred?
Also has any one solved the issue pertaining to “no atm card link to this account” When trying to upgrade the card

Where to see account type?

I’m also getting same error with debit card. Raised ticket but no response

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man…ppl take RM seriously? i never even bothered to speak wid dem

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ramadesidime wrote:

How to check, if the account is classic or not?

Is it shown on netbanking that this account is classic/regular/special etc?

I do get calls from RM every month asking for loans, but he is more interested in deposits.

They have disabled online debit card upgrade for now due to lockdown. if you want an upgrade just visi branch and fill form.

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HappyCarrot wrote:

They have disabled online debit card upgrade for now due to lockdown. if you want an upgrade just visi branch and fill form.

online upgrade of debit card started..applied today for millenia

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anshu wrote:

online upgrade of debit card started..applied today for millenia

Any extra charges for DC upgrade?

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Sins1995 wrote:

Any extra charges for DC upgrade?

i can see Rs 500 annual charges only. no upgrade charges mentioned..

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anshu wrote:

i can see Rs 500 annual charges only. no upgrade charges mentioned..

Are u holding Classic account or above??

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