Are you a young person looking for the perfect bank account? Look no further than HDFC Bank’s DigiSave Youth Account! This account is designed specificall
y for youth and students, with features that make banking easy and convenient.With the DigiSave Youth Account, you’ll enjoy unlimited access to your money, no monthly or annual fees, and lots of other great benefits.
Banking can be confusing and frustrating, especially for young people just starting. Managing your money can be difficult, especially if you’re unsure where to start. And if you’re a student, it’s even harder to find the time to go to the bank branch and deal with paperwork.
HDFC Bank’s DigiSave Youth Account is perfect for young people who want an easy and convenient way to manage their money.
This article will go over HDFC Bank’s DigiSave Youth Account and the features that make it such a great account for young people.
What”s Ahead
- The Benefits& features
- Who can open a DigiSave Youth Account?
- Documents required
- How to Open
- Minimum Balance Requirements.
- Digisave youth account Vs. Regular bank account?
- Final Thought
The features of the DigiSave Junior Account make it ideal for youngsters.
Here are the benefits HDFC’s DigiSave Youth Account offers to its customers.
#1. Discounts and Offers.
HDFC DigiSave youth account offers two types of discounts & Offers.
- The first is by smartybuy.hdfcbank.com: On this portal, you can get exclusive HDFC bank offers on online shopping, travel, Blues, etc. HDFC bank also gives lifestyle discounts for Amazon, Flipkart, MakeMyTrip, etc.
- The second is by HDFC PayZapp: PayZapp allows you to use your mobile phone to make purchases at partner apps, buy movie tickets groceries, compare and book flight reservations and hotels, shop online and get great savings on SmartBuy.
#2. Debit Card
If you have youth savings, then you will get MoneyBack Debit Card which is free for the first year.
This card comes with a daily domestic shopping limit of Rs. 3 lakhs (at merchant outlet & Online store) and a daily ATM cash withdrawal limit of Rs 25,000. Plus, you can get up to ₹3,000 CashBack every year!
You’ll earn 1% CashBack on every Rs. 100 spent on Fuel, apparel, Insurance, Education & Grocery (Max CashBack – Rs 250/- per month per card).
#3. Additional CashBack.
If you have moneyback Debit ard, make sure to use PayZapp and SmartBuy. You’ll get 5% CashBack on all your purchases, and that’s in addition to any other discounts or promotions you may be eligible for.
Plus, if you register for automatic bill payments on BillPay, you’ll get an extra 5% CashBack for the first 12 months of registration.
#4. Insurance
Your moneyback Debit card offers you a host of benefits, including an accelerated personal accident death cover up to Rs.10 lakh. You are also entitled to a base personal accident death cover by air/road/rail for a sum assured of Rs.5 lakh.
Additionally, you are eligible for an accelerated personal accident death cover up to a maximum of Rs.5 lakh, subject to minimum transactions at merchant locations / online.
However, all you should this their debit cards at retail or online stores at least once every 30 days.
The sum insured for personal death insurance is up to Rs. 12 Lacs for Managed Customers (Imperia, Preferred, and Classic Customers).
International air coverage of flat Rs. Crore on purchase of air ticket using your Debit Card.
International air coverage of flat Rs. 1 Crore on purchase of air ticket using your Debit Card. Days to enjoy all these benefits!
Make sure to use your debit card at least once every 30 days to enjoy all these benefits!
#5. Several ways to bank
With banking transactions, you can do them from anywhere at any time. You have the option of mobile banking and net or phone banking as well! Plus, if your account needs some assistance, then just visit one of the HDFC branches nearby so that they may be able to assist with whatever issue it may very well turn out being
The banks provide many different ways in which their customers could access their accounts, including via online mode too–allowing those who work odd hours or maybe out of town to always view their account and transactions. HDFC is also present in almost all the Cities in India.
#6. Multiple Payment Modes
You can easily transfer funds online to any bank across the country through NEFT / RTGS / UPI online.
In addition, you can use our free BillPay facility to pay your bills. You can also split bills with your friends on the go with BHIM on MobileBanking App.
Plus, you can now Pay Bills or Book a Cab on HDFC Bank OnChat – all you need to do is open up your Facebook Messenger, find ‘HDFC Bank OnChat,’ and just say ‘Hi.’
And don’t forget about Missed Call Recharge – you and your family & friends can recharge your mobile phones just by giving a missed call to 73 08 08 08 08!
#7. Special Benefits
When it comes to getting an education, the options can be expensive. But don’t worry, HDFC Bank’s DigiSave Youth Account has special offers on our education loan and forex card to help you out!
For our education loan, they are offering special rates and pricing. Plus, you can get your forex card issuance fee waived within 90 days! And that’s not all – you can also get discounts on books, food, shopping, accommodation, and travel across 41,000 partners covering 130 countries.
#8. Statements & alerts
You can log in to HDFC Bank MobileBanking anytime, anywhere to view your account balance and details for free. Additionally, HDFC bank also provides e-statements that allow their customers to have the option of viewing the monthly statement online in a digital manner.
You will also get free mandatory mobile and e-mail alerts to keep you updated on your HDFC Bank account.
You can access HDFC Bank MobileBanking from any device, whether a smartphone, tablet, or PC. It’s simple to use and can be done anywhere at any time!
#9. Extra Benefits
HDFC Bank DigiSave Youth Account provides some additional benefits such as
- Demat Account Annual Maintenance Charge (AMC) Wavier: HDFC Bank offers HDFC Bank DigiSave Youth Account holders an AMC waiver on their HDFC Bank Demat account for the first year.
- Dream Deposit: You can start your account with as little as Rs.1,000 and choose from various options to build your money over time. The bank offers customers a unique deposit product called HDFC Bank Dream Deposit, which allows them to start small and grow their savings.
- Systematic Investment Plan: HDFC Bank offers HDFC Bank DigiSave Youth Account holders an HDFC bank Systematic Investment Plan which is a great way to save regularly and watch their money grow.
- Credit Product: HDFC Bank also provides HDFC Bank DigiSave Youth Account holders with access to HDFC credit cards, loans (new/used motor, home, etc.), HDFC millennia cards, as well as many other HDFC Bank products and services.
Who can open a DigiSave Youth Account?
Not all individuals can open HDFC Bank DigiSave Youth Account. HDFC Bank has a minimum age requirement of 18 years old to open an HDFC bank account. Here are the details.
- Resident Individuals: HDFC bank account can be opened by a Resident Indian Individual who is a first-time HDFC Bank Account Holder.
- Age: Individuals up to 25 can open an HDFC Bank DigiSave Youth Account.
- Joint Account: This account can also be opened in the name of a Joint Account, subject to HDFC bank’s discretion. Time to time.
Documents Needed to Open an HDFC Bank Account.
Individuals who are interested in opening an HDFC bank account. HDFC can visit any HDFC Bank Branches or HDFC Bank Online to fill out the HDFC bank Account Opening Form and submit the following documents:
- Photo ID proof (Passport, PAN Card, Voter ID Card / Driving License, etc.)
- Address Proof with customer’s name and photograph, the residential address mentioned.
How do you open an HDFC Bank DigiSave Youth Account?
If you meet the eligibility criteria and wish to open HDFC Bank DigiSave Youth Account. You can visit any HDFC Bank Branch to fill out the HDFC bank DigiSave account opening form and submit the required documents for verification.
After HDFC bank has completed its verification process, you will contact HDFC Bank DigiSave account opening confirmation through HDFC Mobile Banking or SMS.
Minimum Balance Requirements.
You’ll need to deposit a minimum of Rs. 5,000 to open a DigiSaveAccount in a Metro/ Urban branch, or Rs. 2,500/- if you’re opening one in a Semi-urban / rural branch, maintaining a minimum average monthly balance is necessary for all account holders.
For Metro/ Urban branches, the required minimum average monthly balance is Rs. 5,000. For semi-urban / rural branches, the required minimum average monthly balance is Rs.2,500.
The account maintenance fee is levied by HDFC bank if the required minimum average monthly balance is not maintained.
Here are the table for Digisave youth account minimum balance.
| Type of Savings Account | Rural | Semi- Urban | Urban | Metropolitan |
| DigiSave youth account HDFC Bank | Rs.2500 | Rs.2500 | Rs.5,000 | Rs.5,000 |
| If Balance not Maintained and is Below Rs.2500 , Then Charges is | Rs.150 | Rs.150 | Rs.300 | Rs.300 |
| If Balance is Above Rs.2500 | Nil | Nil | Rs.150 | Rs.150 |
Is there a difference between a Digisave youth account and a regular bank account?
There are several differences between HDFC Bank DigiSave Youth Account and a regular HDFC Bank Account.
- HDFC Bank DigiSave Youth Account is designed for individuals between the ages of 18 to 25, while a regular HDFC Bank Account can be opened by anyone who is over the age of 18.
- An HDFC Bank DigiSave Youth Account also offers many benefits such as Amazing offers every month on Recharge, Travel, Movies, Shopping via PayZapp, and 5% Cashback up to Rs.250 every month setting Standing Instructions on your Debit card for Bill Payment.
- In DigiSave Youth Account, you only need to maintain Rs.5,000 monthly average balance, while for Regular HDFC bank accounts, you need to maintain at least Rs.10,000.
Final Thought
The HDFC Bank DigiSave Youth Account is perfect for today’s youth and students. With this account, you can enjoy discounts and offers, a debit card with additional cashback, insurance coverage to protect against life events like accidents or illness, multiple payment modes including online banking so you can bank on your schedule 24/7—and more!
If that sounds good to you, then why not share the post? You just might convince someone else who needs a new bank account.
FAQ about DigiSave Account
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What is DigiSave youth account?
HDFC Bank’s DigiSave Youth Account is designed specifically for individuals between the ages of 18 and 25. The account offers many benefits, such as Amazing offers every month on Recharge, Travel, Movies, Shopping via PayZapp, and 5% Cashback up to Rs.100 every month by setting Standing Instructions on your Debit card for Bill Payment.
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What is the minimum balance for the DigiSave youth account?
The minimum balance required to open HDFC Bank’s DigiSave Youth Account is Rs. 2,500 for branches in semi-urban and rural areas and Rs. 5,000 for branches in metro and urban areas. Additionally, you must maintain a minimum monthly balance in order to avoid fees.
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DigiSave Youth account is a zero balance account?
No, HDFC Bank’s DigiSave Youth Account does not have a zero balance requirement. You are required to maintain a minimum monthly balance in order to avoid fees, which is different from HDFC Bank’s regular account, where you are required to maintain a minimum average monthly balance.
