HDFC Bank’s Preferred Banking is a premium banking service designed for customers seeking elevated banking privileges, better relationship management, and priority services. If you maintain a substantial relationship with HDFC Bank—through savings, current accounts, investments, or salary—you may qualify for this upgraded experience.
From 1st July 2025, HDFC has introduced new eligibility rules, features, and fee waivers for this program.
New Eligibility Criteria (Effective 1st July 2025)
To qualify for HDFC Bank Preferred Banking, you need to meet any one of the following updated criteria:
₹4 Lakhs minimum Average Monthly Balance in Savings Account
₹6 Lakhs minimum Average Quarterly Balance in Current Account
A combined average monthly balance of ₹20 Lakhs across Retail Liability Products
A Total Relationship Value (TRV) of ₹50 Lakhs or more
Monthly Net Salary Credit of ₹2 Lakhs or above in an HDFC Bank Corporate Salary Account
Important Notes:
Retail Liability Value includes average balances in Savings, Current, and Fixed Deposits.
TRV (Total Relationship Value) includes:
Bank balances across accounts
Mutual Funds & investment products via HDFC
20% of retail loan value
20% of Demat value
Insurance premiums
Key Features & Benefits of HDFC Preferred Banking
If you’re eligible for the program, here’s what you get:
| Feature | Benefit |
|---|---|
| 🧑💼 Dedicated Relationship Manager | Personal assistance for all banking needs |
| 🏦 Priority Service at Branches | Faster queue handling and better support |
| 💳 Debit Card | Free Platinum Chip Debit Card (worth ₹850 p.a.) |
| 🔐 Locker Rental | 50% Discount on 1 locker per group |
| 🌐 Forex Transaction Rates | Up to 8 paise better rates + 50% discount on issuance |
| 🧾 Chequebook | Free chequebook issuance |
| 💰 Demand Draft / MC | No issuance charges up to ₹1 Lakh/day |
| 🏧 ATM Transactions | Free across HDFC and other banks |
| 💵 Cash Transactions | 7 free/month OR up to ₹5 Lakh/month |
| 🔄 ECS / Cheque Returns | Reduced rates for senior citizens |
| 📦 Demat AMC | NIL AMC if at least 1 transaction/year |
| 🔁 NEFT/RTGS/IMPS/Bill Pay etc. | NIL charges through online mode |
Charges (If Conditions Not Met)
If you fail to meet the eligibility criteria:
HDFC may downgrade your relationship and levy standard account charges.
Locker discounts and free services may be revoked.
You may be charged standard debit card fee (₹850 + taxes).
Ensure you consistently monitor your TRV or account balances to retain these benefits.
How to Apply for Preferred Banking?
If you meet the above eligibility:
Login to NetBanking or Mobile App
Visit your nearest HDFC Bank Branch
Ask your Relationship Manager to assist in enrolment
No additional paperwork is required if your accounts already qualify under the criteria.
Precautions to Take
Ensure fixed deposits are maintained for minimum 6 months
Track average balances every month to avoid ineligibility
Keep an eye on your TRV components, especially investments and loans
Check for email/SMS alerts regarding status changes in your account
Final Thoughts
HDFC Bank Preferred Banking Program 2025 is ideal for those seeking premium services and better financial management under one roof. With updated eligibility and extensive benefits, it’s a perfect upgrade for serious banking customers.
