- Is Icici Bank better than HDFC?
- What is minimum monthly balance?
- What is average monthly balance in HDFC Bank?
- How can I check my minimum balance in HDFC Bank?
- How can we avoid minimum balance charges?
- What happens if I don’t maintain minimum balance in HDFC?
- Can I open zero balance account in HDFC Bank?
- Which bank is best Axis or HDFC?
- What if I do not maintain minimum balance?
- Can I have 2 accounts in HDFC Bank?
- Which bank has lowest minimum balance?
- Is HDFC better than SBI?
- Is Axis Bank better than Icici?
- Is HDFC Bank Safe?
- Which bank has zero balance?
Is Icici Bank better than HDFC?
ICICI Bank scored higher in 3 areas: Work-life balance, Culture & Values and % Recommend to a friend.
HDFC Bank scored higher in 6 areas: Overall Rating, Career Opportunities, Compensation & Benefits, Senior Management, CEO Approval and Positive Business Outlook..
What is minimum monthly balance?
Monthly Average Balance (MAB), also known as the minimum average balance is nothing but the minimum amount you are required to maintain in your Savings Account every month. The figure is calculated at the end of each month and failure to maintain this minimum average balance will result in penalties.
What is average monthly balance in HDFC Bank?
HDFC BankBranch typeAverage monthly balanceUrbanRs. 10,000Semi-urbanRs. 5,000RuralRs. 2,500(Source: hdfcbank.com)1 more row•Feb 11, 2019
How can I check my minimum balance in HDFC Bank?
You can avail HDFC’s SMS and Miss Call service to know your account balance without internet. To know your bank balance, call 022-61606161 or give a missed call on 1800-270-3335. You can also send ‘BAL
How can we avoid minimum balance charges?
Pay your bills online. If you use your bank’s online bill paying features, you can often avoid minimum balance fees. Even if you use the online bill paying as infrequently as once a month, many banks will credit this and will not charge the maintenance fees. Combine resources with a trusted friend.
What happens if I don’t maintain minimum balance in HDFC?
For savings account in metro cities, HDFC Bank may charge you as much as 600 rupees for not maintaining the minimum balance. With service Tax and other cess, the amount is more than Rs 600. The minimum balance limit in case of HDFC Bank is Rs 10,000 for urban branches and Rs 5,000 for semi-urban branches.
Can I open zero balance account in HDFC Bank?
HDFC Bank zero balance savings account can be opened by any resident individual who is not having an existing relationship with the bank and do not have complete KYC. A zero balance basic savings account can be opened with HDFC Bank which will have certain transactional and operational limits.
Which bank is best Axis or HDFC?
But, in terms of interest rates, HDFC is a better option as its highest rate is 8%. Whereas, Axis Bank Home Loan Interest rates are can go upto 8.55%….People Also Look For.Home Loan Interest Rates November 2020Axis Bank7.75% – 8.55%Bank of Baroda6.85% – 8.25%Citibank8.20%HDFC6.90% – 7.65%9 more rows
What if I do not maintain minimum balance?
If customers fail to maintain this balance, they will have to pay a penalty of up to Rs 75 – every month! Source – PTI. Most banks require their customers to maintain a minimum balance in their account. They charge their account holders for the non-maintenance of minimum average balance (MAB).
Can I have 2 accounts in HDFC Bank?
You can add up to 5 Bank accounts at one time. Currently, these five Bank accounts have to be from HDFC Bank, Citibank, ICICI Bank, HSBC India, Standard Chartered Bank. You can add or delete accounts as and when you choose to.
Which bank has lowest minimum balance?
ICICI Basic Savings Account.HDFC BSBDA Small Savings Account.SBI Basic Savings Bank Account.Axis Bank Small Basic Savings Account.Indus Small Savings Account.Standard Chartered Bank’s Basic Banking Account.RBL Bank’s Abacus Digital Savings Account.IDFC Bank Pratham-savings account (BSBDA)
Is HDFC better than SBI?
This is despite the fact that SBI’s balance sheet is four times larger than HDFC Bank, has 10 times more customers, and is owned by the government of India. What’s worse, the stock shed nearly 6% more in value in trade today….BankMarket capitalisation as of May 4HDFC Bank₹5 lakh crore1 more row•May 5, 2020
Is Axis Bank better than Icici?
ICICI Bank scored higher in 8 areas: Overall Rating, Career Opportunities, Compensation & Benefits, Senior Management, Culture & Values, CEO Approval, % Recommend to a friend and Positive Business Outlook. Axis Bank scored higher in 1 area: Work-life balance.
Is HDFC Bank Safe?
HDFC Bank constantly updates its security features to make sure your banking experience is safe and secure at all times. All the banking systems are secured using cutting edge security arrangements, for example firewalls, intrusion detection systems, intrusion prevention systems, and anti-malware.
Which bank has zero balance?
Latest Interest Rate for Zero Balance Savings AccountBankName of zero-balance savings accountInterest rateHDFC BankBasic Savings Bank Deposit Account3.50% to 4%Axis BankBasic Savings Account3.50% to 4%ICICI BankBasic Savings Account3.50% to 4%State Bank of IndiaBasic Savings Bank Deposit Account3% to 3.25%5 more rows