HDFC Bank launches two new variants of savings accounts aimed at senior citizens and women. The bank introduces features designed to improve returns and add safety-related benefits for account holders. One key offering is an Auto Sweep facility that moves surplus savings into fixed deposits to provide FD-like higher returns. The accounts also include personal accidental death coverage linked to the debit card, with coverage up to ₹3.19 crore. In addition, the bank provides complimentary benefits for customers under these account variants, alongside the standard services associated with savings accounts. The bank positions the launch as part of its broader effort to tailor retail banking products to specific customer needs, including financial planning and risk cover. Details on eligibility and how the auto sweep and insurance benefits work are provided by the bank as part of the product rollout.
HDFC Bank launches new savings accounts for senior citizens and women
HDFC Bank launches two new variants of savings accounts aimed at senior citizens and women. The bank introduces features designed to improve returns and add safety-related benefits for account holders...
- HDFC Bank launches two new savings account variants for senior citizens and women.
- The accounts offer an Auto Sweep facility that invests surplus funds into fixed deposits for FD-like returns.
- The debit card includes personal accidental death cover of up to ₹3.19 crore.
- The bank provides complimentary benefits as part of the new account offerings.
The bank offers features like FD-like higher returns on surplus savings with an Auto Sweep facility, personal accidental death cover on debit cards up to ₹3.19 crore, and complimentary benefits
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