hdfc bank interest rates on saving account for women

HDFC Bank offers a special interest rate for women on their savings accounts. This rate is 4.5% per annum, a percentage point higher than the standard rate.

For women, HDFC Bank's savings account interest rate is a great way to earn some extra money. The interest is compounded quarterly, which means you'll get a higher interest rate over time.

To be eligible for this higher interest rate, you need to have an HDFC Bank savings account in your name. This account must be a basic savings account or a salary account.

The interest is credited to your account on a quarterly basis, so you can earn interest on your interest. This is a great way to grow your savings over time.

HDFC Bank has revised its interest rates on its savings bank accounts, which is a positive trend among banks to hike interest rates on various deposit accounts.

The revised interest rates are applicable to domestic, NRO, and NRE savings accounts.

Savings account balance less than Rs 50 lakh earns 3 per cent interest per annum.

For savings account balance between Rs 50 lakh and Rs 1,000 crore, the interest rate is 3.50 per cent per annum.

And for savings account balance more than Rs 1,000 crore, the interest rate is 4 per cent per annum.

Savings Bank interest will be calculated on the daily balances maintained in your account.

Savings Bank interest will be paid at quarterly intervals.

The revised rates are effective from January 12, 2022.

This is the first time HDFC Bank has revised its interest rates on savings accounts in many years, with the last revision happening in 2020.

The HDFC Bank Women's Savings Account is a great option for women who want to save money while enjoying various benefits. You can open the account with an initial deposit of Rs. 10,000 minimum for urban and metro branches.

The account offers discounted rates on loans, no annual maintenance charge (AMC) on the Demat Account for the first year, and a daily cash allowance of Rs. 1,000 per day for 10 days per year in case of hospitalization due to an accident. This allowance is a maximum of Rs. 10,000 per year.

One of the unique features of this account is the MoneyMaximizer facility, which allows you to earn additional interest on idle money with the sweep-out automatic facility on request. The interest is calculated on the daily balances you have in the SB account.

The account also provides an accidental hospitalization cover of Rs. 1 lakh, which can be claimed by making at least one POS purchase with the Debit Card at a merchant establishment within 3 months before the accident. You can also get up to 90% funds on the vehicle's on-road price for an auto loan with a tenure of up to 7 years.

Here are some of the benefits you can enjoy with the HDFC Bank Women's Savings Account: