Government Scheme Beneficiary Savings Account

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Government Scheme Beneficiary Savings Account

Open a Small Savings Account for easy banking, secure savings, and higher interest. Perfect for hassle-free money management. Start saving today!

  • cheque availibilty
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Details for Government Scheme Beneficiary Savings Account

The Small Savings Account is designed for individuals seeking a simple and secure way to save money. Enjoy easy banking, minimal balance requirements, and attractive interest rates. Ideal for beginners and small-scale savers, this account ensures financial security with seamless transactions and essential banking benefits.

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Interest Rate

3.50% p.a

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Withdrawal Limit

Not available

₹
Transaction Limit

Not available

Minimum Balance Required

  • Not Required Minimum Balance

Eligibility Criteria for Opening an Account

  • Resident Individuals (sole or joint account) are eligible to open a Savings Beneficiary Account:
  • Minor above the age of 10 years are eligible to open self operated minor account and an ATM/Debit card can be issued to the Minor

Additional Benefits

  • Higher cash transaction limits of Rs.10 Lakh/ month
  • Personal Accidental Death Cover / Permanent Disability Cover up to 2 Lacs provided your Rupay premium debit card is active on POS in last 30 days
  • 3.5% Cashback on Utility Payments upto Rs.50/month on Rupay Premium debit card
  • Complimentary Lounge Program (2 Per Quarter) - International and Domestic Lounge on Rupay Premium debit card
  • Annual Maintenance Charge (AMC) waived off for the first year for your first Demat Account
  • Our wide network of branches and ATMs ensure all your banking needs are met, no matter where you are
  • Our NetBanking, PhoneBanking and MobileBanking facilities allow you to check your account balance, pay utility bills, stop cheque payments and more from wherever you are
  • BillPay allows you to pay your utility bills with ease. You can set instructions for payments over the phone or online
  • Make use of our free passbook and email statement facilities Enjoy Special Discounts & Offers
  • Take advantage of exclusive discounts and offers through our online shopping portal offers.smartybuy.hdfcbank.com
  • Easy Banking with Your Debit Card
  • Get personalised cheques with your name printed on each cheque leaf for enhanced security
  • Dedicated Relationship program manager under respective programs
  • Get Safe Deposit Lockers

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