Fuel your gig savings with an account that complements your lifestyle
Join the GIGA club
Fuel your gig savings with an account that complements your lifestyle
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1st bank account exclusively for gig workers - A relaxed half-yearly balance requirement
- Fully digital account opening process
GIGA Savings Account combines your gig & personal banking needs
Work Smarter!
Kickstart the account with an initial deposit of only ₹ 2,000
Send & receive payments to/from clients from India and abroad with ease.
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Grab exclusive Business Debit Card offers and discounts available only on your GIGA account
Get preferential FX rates on overseas collections
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You also get 25 free cheque leaves every year
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Make unlimited NEFT and RTGS transactions from your GIGA Savings Account, free of charge
- More debit card reward points, discounts and offers on gig-related expenses
- Hassle-free and affordable collections from international clients, gig platforms and marketplaces with Payoneer
- Sort your utility and other bills with HDFC Bank BillPay
- Enjoy free withdrawals & easy banking with our network of 7500+ HDFC Bank branches & 20,000 + ATMs
Work Smarter!
ELIGIBILITY CRITERIA
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A resident of India
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Minimum 18 years of age
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A freelancer/a gig worker/self-employed professional
DOCUMENTS REQUIRED
You will need the following to open your GIGA Savings Account online
- A valid Aadhaar number
- A valid PAN
- A mobile number linked to your Aadhaar number
Fees and Charges
GIGA by HDFC Bank gives one more reason to go digital. A lower initial deposit requirement is applicable for customers opening their account. For GIGA Savings accounts opened digitally/online, customers can start their account by depositing lower amounts than the required half-yearly account balance.
GIGA Savings Account | ||
Metro and Urban | Rural & Semi-urban | |
Initial deposit required to open your account online | Initial deposit to be transferred as part of the digital account opening process. You can deposit: ₹2000 ₹5000 ₹10,000 ₹15,000 | Initial deposit to be transferred as part of the digital account opening process. You can deposit: ₹2000 ₹5000 ₹10,000 ₹15,000 |
Half Yearly average Balance requirement | ₹10,000 | ₹5,000 |
Non maintenance charges
Minimum balance requirement for GIGA Savings Account | Non-maintenance charges |
Metro/ Urban: ₹ 10,000 half-yearly balance | 6% of the shortfall from the average balance requirement OR Rs. 600 (whichever is lower) |
Semi-Urban/ Rural: ₹ 5,000 half-yearly balance | 6% of the shortfall from the average balance requirement OR Rs. 300 (whichever is lower) |
For other charges: Click here
Important account opening terms and conditions
- an online account can be opened in the name of one individual only. Visit the nearest branch to add joint account holders.
- To activate your account, VKYC process is necessary. Click here to know more about the Video KYC
FREQUENTLY ASKED QUESTIONS
What is a GIGA Savings Account?
A GIGA Savings Account has been specially curated to meet the needs of those working in the gig economy (e.g., gig workers, self-employed professionals, independent workers, contractual employees, etc.). An all-in-one account that looks after both your personal and professional banking needs.
Who is it for?
Anyone working in the Gig economy, e.g. Gig workers, self–employed professionals, independent workers, contractual employees, etc., who are:
- An Indian resident
- And aged 18 years and above.
How can I open a GIGA Savings Account online?
You can simplyclick hereto open GIGA Savings Account.
To open an account online, you will need:
- Valid Aadhaar Number
- Valid PAN
- Mobile Number linked to Aadhar
What if I don’t want to use my Aadhaar Card to open the account?
Visit any HDFC Bank branch and furnish other forms of ID and address proof to open your account. Commonly accepted forms of ID and address proof are as follows:
- Valid Passport (ID and address proof)
- Voter's Identity Card issued by the Election Commission of India (ID and address proof)
- Valid Permanent Driving license (ID and address proof)
What is the balance requirement for a GIGA Savings Account?
You need to maintain a half-yearly average balance (HYB) of ₹10,000 if your account is attached to metro/urban branches and ₹5,000 if your account is attached to rural branches.
Are there any charges for not maintaining the balance requirements?
Yes, please refer to the fees and charges of GIGA by HDFC Bank Savings Account by clickinghere.
What is the interest rate on a GIGA Savings Account?
The standard Savings Account interest rates wiill apply. To know more, click here.
Can this account be opened in Joint names?
Yes, the account can be opened in joint names, however you must visit the nearest branch to add other names to the account.
Can I open a GIGA Savings Account if my annual turnover crosses the threshold limits of ₹20 lakh (Services) and ₹40 lakh (Goods)?
Yes, you can open GIGA Savings Account by providing your GST number
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