HDFC DigiSave Youth Account
HDFC Bank offer special Bank account to attract the Youth of our country. The HDFC DigiSave Youth account is specially designated to need to our new generation. The new generation always try to get benefits on Digital Banking, Discount on recharge, offer on movie tickets. The Digisave Youth account provide you benefits on your Digital Banking habits as you will get discount on online transactions.
The HDFC Digisave Youth Account become perfect choice for the New generation, Generation Z and students who want to open savings account in HDFC Bank.
Age Criteria for DIGISAVE Youth Account
Any Indian can open DigiSave Youth Account in the HDFC Bank but the age of Applicant must be 18 to 25 Years. If your age is less than 18 years then you can open minor account in HDFC Bank. The Adult can open normal Savings account with the HDFC Bank.
Benefits of HDFC DigiSave Youth Account
The customer can open HDFC Digisave account with lower amount. The customer can open account DigiSave account with only Rs 5000 (Metro/ Urban Branch) & with Rs. 2,500 in Semi-urban / rural branches. If you choose normal savings account then you need to maintain Rs 10,000 if you are customer of Metro and Urban Branch.
Remember, You need to maintain average monthly balance to avoid the AMB charges. But the AMB charges are less as compared to the normal savings account. The DigiSave Youth Account Holder can start Dream Deposit which offer fixed interest rate. You can start your Dream deposit with even small amount like Rs 1000 only. The savings habit will help you to get compounding interest in the future. You can start your dream deposits to buy your dream Bike or mobile.
The HDFC Bank offer Free e-mail statements to the Digisave Youth account holder. You will also receive Free mandatory mobile and e-mail alerts for your HDFC Savings account. With the help of DigiSave account you can avoid these hidden charges in your HDFC savings accounts.
The customer can get Debit card at NIL charges in DigiSave account. You can save Debit card fee for first year if you choose DigiSave account as in Normal savings account you need to pay Debit Card issuance fee. You can get 5 Financial Transactions across all Cities ATM.
For the new Investors, If you wanted to open Demat account with DigiSave account then Annual Maintenance Charge (AMC) is waived off. You can start your SIP and start to invest in Mutual fund via DigiSave Youth account. You can start SIP on a weekly or monthly basis in Mutual funds from a young age. You can read article Advantages of Mutual Fund if you want to know benefits.
Offers on HDFC Youth Account
As we earlier discussed the DigiSave Youth account specially designated for the Youth population of India. If you opted for the HDFC Youth account then you can get advantages of exclusive discounts on offer on online shopping. The customer need to buy shhopping products with the help of portal offers.smartybuy.hdfcbank.com. You can shop from various online shopping platforms like Amazon, FlipKart via SmartBuy portal.
The DigiSave Youth Account gives you offer every month on your Mobile Recharge. You need to use PayZapp for the discount offer. You can use PayZapp for the discount offer on Travel, Movie and shopping. You can get 5% Cashback up to Rs.100 every month by setting Standing Instructions on your Debit card for Bill Payment service in DigiSave account.
The DigiSave Account holder can get Special Offers on Education Loan. Even you can get attractive Forex Cards Offering with HDFC Youth account. Most of customer aged between 18 to 25 want education loan for the higher studies or to study abroad. For these customer HDFC Bank offer Special Interest rate and pricing for the education loan.
The DigiSave account holder can get Forex Card with Card Issuance Fee waiver within 90 days. You can avail Discounts on Books, Food, Shopping, Accommodation in many countries with HDFC Bank’s forex card.
Offer on DigiSave Account’s Debit Card
As we talked earlier the DigiSave account provide Debit card at free of cost for the first year. Remember most of HDFC debit card offered free of cost in Youth account but still confirm with the Bank employee or HDFC Bank’s website. If you goes for the Free MoneyBack Debit Card then you will get daily ATM cash withdrawal limit upto Rs 25,000
You can get up to Rs 3,000 Cashback every year with the help of MoneyBack Debit card. You will get 1% CashBack on every Rs. 100 spent on Fuel, Apparels, Insurance and many more. You can get benefits upto Rs 250 per month with 1% cashback. The Youth Savings account holder can use PayZapp and Smartbuy to get extra 5% cash back on online shopping.
The DigiSave Savings account comes with Internet and Mobile Banking so you can enjoy Banking service without visiting the Bank. The DigiSave Account comes with lower AMB and AMB charges so if you want to try HDFC Bank’s service then it will be a great choice of account.
In My opinion, The HDFC DigiSave Youth account gives you experience of Banking services of HDFC Bank. The Youth account comes with lower AMB which help customer to avoid AMB charges. The new generation loves the Discount offer in online spending. The DIgisave account provide discount on online shopping, Recharge, Movie ticket which attract the youth to open account in the HDFC Bank.
Even HDFC Bank waived the Debit card issuance charge in DigiSave Savings account. So the customer don’t need to worry about the Debit card issuance charge. The Demat account offered at nil AMC charges for the first year s customer can start investment in Stocks and Mutual Fund. So go for DigiSave account as it is better than normal Savings account.
The article was updated on 18-02-2022. The information can change in Future so we request reader to cross verify information with Bank site or Bank employee.