Table of Contents
Introduction
What is the Classic Banking Programme?
Benefits of HDFC Classic Banking
Features and Privileges
Updated Eligibility Criteria (Effective July 1, 2025)
Total Relationship Value (TRV) Explained
Charges and Waivers for Classic Customers
How to Apply or Upgrade to Classic Banking
Programme Terms and Group Linkage
Conclusion
Introduction
In today’s competitive financial landscape, premium banking services are no longer a luxury but a necessity for many. HDFC Bank’s Classic Banking Programme is crafted to meet the evolving financial needs of customers who seek not just banking but a relationship-driven, personalized financial journey. This comprehensive blog explores every dimension of the Classic Banking Programme, including its benefits, eligibility criteria, and major updates effective from July 1, 2025.
.
What is the Classic Banking Programme?
HDFC Bank’s Classic Banking Programme is a premium service offering elevated banking solutions to customers with a strong banking relationship. It is designed to provide an enhanced banking experience, access to exclusive benefits, relationship manager support, and priority service across branches and digital platforms. The programme links your banking relationship across various HDFC Bank products to deliver a unified and rewarding banking experience.
Benefits of HDFC Classic Banking
The Classic Banking Programme provides a wide range of benefits, covering everyday banking, wealth management, and lifestyle services. Here are the major benefits:
a. Personalized Services
Dedicated Relationship Manager (RM)
Customized banking solutions
b. Preferential Pricing
Waiver of certain service charges
Discounted locker rentals
Forex transaction benefits
c. Exclusive Debit Card Benefits
Classic Platinum Chip Debit Card
Annual fee of Rs. 850 waived under the programme
d. Zero Charges for Common Banking Transactions
Free issuance of chequebooks (Savings Account)
No fees on NEFT/RTGS via online banking
Nil DD/MC issuance charges up to Rs. 1 Lakh per day
e. Lifestyle & Forex Privileges
40% discount on select Forex Cards
Up to 5 paise better exchange rate on select currencies
f. Demat & Investment Privileges
Discounted AMC for Demat accounts
Priority access to investment products
Features and Privileges
| Feature | Classic Programme Benefit |
|---|---|
| Debit Card Annual Fee | Rs. 850 waived |
| Locker Rentals | 25% Discount on first locker per group |
| Forex Transactions | Better rate up to 5 paise |
| Forex Card | 40% discount on issuance fee |
| Chequebook | Free for savings accounts |
| DD/MC Charges | Nil up to Rs. 1 lakh/day |
| ATM Transactions | Unlimited domestic ATM usage |
| Cash Transaction Limit | Up to 5 free or Rs. 2.5L/month free |
| NEFT/RTGS (Online) | Free |
| Demat AMC | Rs. 500 (nil transactions), Rs. 250 (1+ transaction) |
| Insta Alerts, Bill Pay | Free |
| Standing Instructions | Free |
Eligibility Criteria
Starting July 1, 2025, HDFC Bank has updated the eligibility norms for its Classic Banking Programme. Here are the criteria:
Customers qualify if they meet any one of the following:
Savings Account: Maintain an Average Monthly Balance (AMB) of Rs. 1 Lakh
Current Account: Maintain an Average Quarterly Balance (AQB) of Rs. 2 Lakhs
Combined Balance: AMB of Rs. 5 Lakhs or more across Retail Liability Value
TRV: Total Relationship Value of Rs. 10 Lakhs or more
Salaried Individuals: Monthly net salary credit of Rs. 1 Lakh or more in HDFC Corporate Salary Account
Important Notes:
The Fixed Deposits considered must have a tenor of at least 6 months.
Combined balances include linked group accounts.
Total Relationship Value (TRV) Explained
TRV aggregates the following components:
Average balances in Savings and Current Accounts
Average balances in Fixed Deposits (tenor > 6 months)
Mutual Fund and Investment value via HDFC Bank
20% of outstanding value of Retail Loans from HDFC Bank
20% of Demat account balance
Insurance premium of all policies via HDFC Bank
TRV is considered at both Customer ID and Group ID level, enabling combined family/group banking benefits.
Charges and Waivers for Classic Customers
Waived or Discounted Charges:
Debit Card Fee: Waived
Locker: 25% discount on first locker per group
DD/MC Issuance: Free up to Rs. 1 lakh/day
NEFT/RTGS (Online): Free
Demat AMC: Rs. 250 (1+ transaction), Rs. 500 (nil transactions)
ATM Transactions:
Unlimited Domestic Usage: No charges for HDFC or other bank ATMs
Cash Transactions:
Up to 5 free transactions or Rs. 2.5 lakh free per month (Savings Account)
Cheque Returns:
Rs. 450 (1st), Rs. 500 (2nd), Rs. 550 (3rd onwards)
Rs. 350 for funds transfer, Rs. 50 for technical reasons
How to Apply or Upgrade to Classic Banking
Customers can apply or upgrade via:
Branch Visit: Talk to your Relationship Manager or Branch Executive
NetBanking/Mobile Banking: Request upgrade if eligible
PhoneBanking: Contact 24×7 customer support
Programme Terms and Group Linkage
Eligibility is measured at Customer ID or Group ID level.
A “Group” includes family members or businesses with linked accounts.
The Group’s combined balances and investments help meet eligibility.
For customers onboarded before June 30, 2025, changes take effect from Oct 1, 2025.
For upgrades/downgrades after July 1, 2025, new eligibility applies immediately.
Conclusion
HDFC Bank’s Classic Banking Programme offers a blend of personalized services, exclusive benefits, and financial advantages tailored for discerning customers. With updated eligibility norms and broader inclusion through group relationships, the programme now fits a wider range of customers—from salaried individuals to business owners and investors. If you’re seeking more from your banking experience, upgrading to Classic Banking is a strategic financial move worth considering.
📞 For more information, contact your nearest HDFC Bank branch or visit https://www.hdfcbank.com
