How it works A leading Indian bank recently slashed interest rate on Savings Account from 4% to 3.5% for deposits up to Rs. For urban and metro branches, in order to avoid penalty charges, the average monthly balance (AMB) should be Rs.10,000. Sweep in Facility, allows you to link your fixed term deposits with your current or savings account. HDFC Bank requires that customers maintain a minimum balance in their savings account if they are to avoid penalty charges. In your savings bank account you can set a threshold limit, above which any amount deposited in your savings bank account will automatically move to a fixed deposit and earn a higher rate of interest prevailing on the fixed deposits for the tenure that it remains with the bank. interest on your savings account balance above Rs 10 lakhs. I do not want to shift to savings plus account of SBI. The recent rate cut has caused a trigger for people to look for other alternatives to a Savings Account. Discuss RECRUITMENT PROCESS AT HDFC BANK LTD within the PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT forums, part of the Projects HUB for Management Students ( MBA Projects and dissertations / BMS Projects / … Click here to know more about the features and benefits of Sweep accounts and enjoy flexibility. Penalty for insufficient balance in HDFC Bank savings account . On the savings account balance up to Rs 1 lakhs, you will be able to earn 4% p.a. A sweep-in fixed deposit known by different names like money multiplier, 2-in-1 account, comes with a higher yield (around 6.75 per cent currently) compared to a savings account, at the same time maintains the liquidity of a savings account. On the convenience front, autosweep savings accounts may be particularly great because excess money from these get shifted to fixed deposit (FD) automatically. RECRUITMENT PROCESS AT HDFC BANK LTD. However, did you know that you could lose out on the interest? For a zero balance account, HDFC Bank offers an interest rate at 3.5 per cent for an amount up to Rs 50 lakh, and 4 per cent for Rs 50 lakh and above. The bank offers us interest on our savings bank a/c at around 4% per annum. News about HDFC Bank Savings Account . interest and 5.5% p.a. Now if you already have a bank account in HDFC and you want to change your Address, we can help you with it. Choose this method to enjoy liquidity on term deposits. HDFC Bank. The interest rate on savings deposit has always been relatively lower than other financial instruments available in the market such as liquid funds. Quora ज्ञान हासिल करने और बांटने की एक जगह है. Auto Sweep is a facility which you can enable in your saving account to convert it into saving account + Fixed deposits . as I have understand I can use the e-TDR/ e-STDR (MOD) multi option deposit in my online banking website. Google has many special features to help you find exactly what you're looking for.

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