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HDFC SavingsMax Account With High Interest

Moneymaximizer is a sweep in sweep out facility provided by HDFC bank to their savings account holder to obtain high-interest rate on savings account.

MoneyMaximizer (sweep-out) facility puts surplus funds into high earning fixed deposit at the threshold of Rs. 1,25,000. If the balance in SavingsMax Account exceeds/reaches Rs. 1,25,000, the amount in excess of Rs. 1,00,000 will be put in a fixed deposit at a minimum value of Rs. 25,000 for a one year and one-day period.

What are the eligibility criteria for a SavingsMax Account?

Get details on eligibility criteria & documents required for HDFC SavingsMax Account

The following are eligible to open a SavingsMax Account:

  • Resident individuals (sole or joint account)
  • Hindu undivided families
  • Foreign nationals residing in India
  • If you are a foreign national residing in IndiaFree Reprint Articles, you may open a Savings Account by temporarily attaching an undertaking (QA 22 form) stating sources of credit and a copy of your residence permit
  • Continue Reading>>

Article Tags: Hdfc Savingsmax Account, Hdfc Savingsmax, Savingsmax Account

Source: Free Articles from ArticlesFactory.com

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