HDFC Bank launches new savings accounts for senior citizens, women: Check features and benefits

HDFC Bank has introduced two new savings account variants designed for specific customer groups—senior citizens and women. While the Specialé Senior Citizen Savings Account focuses on security, healthcare and doorstep banking services, the SavingsMax Account for Women offers a mix of lifestyle, health and banking benefits. Here's a look at the features and benefits of both new savings accounts.

What are the features of the Specialé Senior Citizen Savings Account?

The Speciale Senior Citizen Savings Account from HDFC Bank offers a range of features tailored for senior citizens. It includes cyber insurance cover up to Rs 1.5 lakh to safeguard against cyber frauds, ensuring peace of mind.

Complimentary doorstep banking service

HDFC Bank’s Speciale Senior Citizen Savings Account holders can benefit from complimentary doorstep banking services, including cash and cheque pickups, as well as cash drops.

Vouchers from top brands

Specialé Senior Citizen Savings Account customers can also enjoy vouchers worth Rs 1,000 from various popular brands like Amazon Pay, Uber, Swiggy, Zomato, Apollo Pharmacy and NetMeds.

Specialé Senior Citizen Savings Account discount offers

The Specialé Senior Citizen Savings Account also provides exclusive discounts on medicines and healthcare needs, along with opportunities to engage with the community through tie-ups with Samarth eldercare, Emoha, and Seniority, enhancing the overall banking experience for senior citizens.

SavingsMax Account for women

It is a premium savings account with smart savings, lifestyle, health and banking benefits. The account comes with a complimentary MediBuddy health check-up, subject to eligibility. Also, surplus funds can move into a fixed deposit through the MoneyMaximizer facility. Also, a 50% first-year locker rental discount is available, subject to availability and terms.

SavingsMax Account for women: Product features

• Lifestyle brand vouchers: Rs 300
• Medibuddy health check-up: Rs 2,000
• Personal accidental death cover of Rs 10 lakh on your SavingsMax Account*: Rs 1,500 per year
• Personal accidental hospitalisation cover of Rs 1 lakh per annum*: Rs 1,000 per year
• Personal accidental death cover of Rs 15 lakh on your Platinum Debit Card*: Rs 2,600 per year
• Air accident cover of Rs 3 Cr*: Rs 1,200 per year
• Waiver on Platinum Debit Card charges for the primary holder: Rs 850 per year
• Waiver on Platinum Debit Card charges for the secondary holder: Rs 850 per year
• CashBack on Swiggy, Bookmyshow, international spends with Debit Card: Rs 9,000 per year
• 50% off on locker rentals for the first year on SavingsMax account: Rs 3,000 per year
• (Assuming medium / small-sized locker)
• Domestic airport lounge access - 2 per quarter on Platinum Debit Card: Rs 6,000 per year
• (assuming 4 usage per year)