HDFC DSP Account features, benefits, eligibility, documents required and ATM cards issued to DSP Account holders and charges
HDFC BANK DEFENCE SALARY ACCOUNT
Housing Development Finance Corporation Limited (HDFC) bank is a leading private sector bank of the Indian Banking Industry established in 1994. The HDFC Bank was amongst the first Indian banks to receive an approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of RBI’s liberalisation of the Indian Banking Industry.HDFC Bank introduced Defence Salary Account to suit the needs of serving soldiers, pensioners and their family members.
Features of HDFC Bank Defence salary account are as under:
Eligibility of DSP Account:
HDFC Defence salary Account can be opened by any person employed in defence forces who is not having any other Account with HDFC Bank.Documents required for DSP Accout:
- Duly filled in application form.
- Latest passport size photographs of the applicant.
- Valid address proof and identity proof of the applicant.
- Proof of the latest employment.
Benefits of HDFC Defence Salary Account:
- DSP Account holders need not maintain any minimum balance in their salary Accounts.
- Zero issuance charges for ATM Cards.
- DSP Account Holders are entitled to free Personal Accidental insurance cover of Rs. 05.00 Lac
- DSP Account Holders are entitled to free Air Accidental insurance cover of
- Rs. 25.00 Lac.
- DSP Account holders can make unlimited free of charge Demand Drafts from
- their salary Account.
- Concessional Rates for Neft and RTGS
- Free of charge CTS (Cheque Truncation System) Personalized Cheque Book.
- No charges for SMS alerts in DSP account.
- Free and easy access to Internet Banking, Mobile Banking, Electronic
- Pass-Books, and e-statement etc.
- DSP Account holders are also eligible for an overdraft facility.
- No charges for e-mail and SMS alerts.
ATM CARDS FOR DSP ACCOUNT HOLDERS
For Commissioned Officers:
Millennia Debit Card
- Cash Withdrawal Limit - 50,000/-
- P.O.S. transaction limit – Rs. 03.50 Lac.
For Non-commissioned:
Titanium Debit Card:
- Cash Withdrawal Limit - Rs. 50,000/-
- P.O.S. transaction limit – Rs. 01.75 Lac.
ATM Card Cash Back Points
- Get up to ₹4800 CashBack every year
- 5% CashBack on shopping via PayZapp and SmartBuy.
- 2.5% CashBack on all online Spends
- 1% CashBack on all offline spends and Wallet reloads
- 4 Complimentary Domestic Airport Lounge access annually.
benefits of the Millennia Debit Card
- CashBack Points can be earned for every transaction greater than ₹400
- Maximum aggregate CashBack Points per card per month is ₹400
- CashBack Points need to be redeemed through NetBanking in mulitples of 400
- CashBack Points will be credited in 90 days from the date of transaction
- CashBack Points will be valid for redemption within the next 12 months after which your CashBack Points will lapse.
Fee and Charges for DSP account holders
| Description | Charges for Defence Salary Account |
| Account Statement | Soft Cop: Nil Physical Copy: Rs. 100/- |
| Duplicate Pass Book | Rs. 100/- |
| Demand Draft | Nil |
| DD Cancellation | Rs. 100/- no cancellation charges on DD Value up to Rs. 1000/- |
| Cheque Return Charges | Drawn on HDFC: insufficient funds - Rs.500 /- Funds transfer cheque return - Rs. 350/- Technical reasons - Rs.50/ per instance Cheque deposited returned unpaid Rs.200/ per instance |
| Balance Certificate | current year - free Previous year Rs. 50/- |
| Interest Certificate | Rs. 50/- |
| Account Closure | up to 14 days - nil 15d - 12m - Rs. 500/- Beyond 12 m - No Charge |
| Stop Payment | Particular Cheque - Rs. 100/- Range of Cheques - Rs. 200/- Free through Net Banking |
| Debit Card Replacement | Rs. 200/- plus GST |
| Debit Card Annual Fee | Free |
| Neft Charges | Up to 1 Lac - Rs. 2(plus GST) Above 01 Lac - Rs. 10(plus GST) |
| RTGS Charges | 02 Lac & Above - Rs. 15(plus GST) |
| ECS / ACH Debit Return | Rs. 500/- instance |
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