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There is good news for freelancers and small business owners. The HDFC Bank has launched GIGA, a bank account just for freelancers. This all-in-one banking solution is designed especially for self-employed professionals and freelancers to meet their financial needs. The GIGA Savings Account includes free withdrawals, unlimited NEFT and RTGS transactions, and exclusive rewards for gig-related expenses. The GIGA Debit Card gives you cashback on different transactions, provides insurance coverage, and offers discounts on selected merchant purchases.
In this article, we will discover the requirements, necessary documents, and features of the GIGA savings account and debit card. These financial products are designed to meet both personal and professional banking needs, providing a savings account and business expense debit card.
GIGA Savings Account
A GIGA Savings Account has been designed with the aim of meeting the financial requirements of people working as freelancers or self-employed professionals or contractual employees. This all-in-one savings account is designed to meet personal and professional banking needs. It offers various benefits that meet the unique needs of independent workers.
Features of GIGA Savings Account
- With the GIGA Savings Account, users can start their banking experience with an initial deposit of ₹2,000.
- The annual fee of this card is ₹250 plus taxes.
- People with this account can take advantage of 25 free cheque leaves every year.
- With the GIGA Savings Account, users can make unlimited NEFT and RTGS transactions free of charge.
- Freelancers will earn more debit card reward points, discounts, and offers on gig-related expenses.
- This account even offers free withdrawals and easy banking with a considerable network of 7,500+ HDFC Bank branches and 20,000+ ATMs.
- One can easily manage utility and other bills with HDFC Bank BillPay.
- You can easily send and receive payments to clients or receive them from India and abroad.
- With Payoneer, users can easily collect payments from clients worldwide, on gig platforms, and in marketplaces.
- The GIGA Savings Account helps you qualify for an NMC waiver, which will help you save big.
- Having this savings account, you will be able to get exclusive business debit card offers and discounts.
Eligibility Criteria
- The account holder should be an Indian resident.
- The minimum age required is 18 years of age.
- The account holder should be a freelancer or a self-employed professional.
Documents Required
The following documents are needed to open a GIGA Savings Account.
- A valid Aadhaar card for the identification process
- A valid PAN number
- The mobile number is linked to your Aadhaar.
GIGA Debit Card
The GIGA Business Debit Card offered by HDFC Bank is a significant option for small business owners. This card offers numerous benefits and features that can help a business grow. Users with this debit card offer cashback on gig-related expenses, along with insurance coverage. Cashback on PayZapp and SmartBuy transactions is also offered with this card. The GIGA Debit Card even offers 2.5% cashback points on particular categories such as Saas, education, restaurants, and air tickets. You can avail of discounts on gig-related products and services from selected merchants. One thing to remember is that users do not require any additional documents when applying for this account. This card is skilled and rewarding for business expenses.
Features
- Users will get 5% cashback on PayZapp and SmartBuy transactions.
- You will earn 2.5% cashback points for every ₹250 dollars spent on SaaS, education, air tickets, and restaurants.
- A 1% cashback on other spends, excluding insurance, services, and government.
- Four complimentary domestic airport lounge accesses are also provided with this card annually.
- On gig-related spending, a cashback of ₹500 is received by debit cardholders every month.
- Insurance coverage worth ₹10 lakh on personal accident cover, ₹1 crore on air accident cover, and zero liability cover of ₹5 lakh is also included with this card.
- Users get a discount on gig-related products and services purchased from Zoho, 42 Courses, Harappa, LegalWiz, etc.
- Cardholders can withdraw up to ₹1 lakh daily and withdraw ₹5 lakh.
- No-cost EMI conversion for purchases over ₹5,000 with a simple text message via the account holder’s registered mobile number.
Eligibility Criteria
To be eligible for the GIGA Debit Card, all you need to have a GIGA Savings Account.
Bottom Line
The GIGA Savings Account and Debit Card by HDFC Bank offer financial solutions for freelancers and small business owners in India. With features such as free withdrawals, unlimited transactions, exclusive rewards, and insurance coverage, these products are designed to meet the unique banking needs of self-employed professionals. The GIGA Savings Account provides benefits like free withdrawals, easy bill payments, and global payment solutions. On the other hand, the GIGA Debit Card offers cashback, insurance coverage, and discounts on gig-related expenses. The GIGA Savings Account and Debit Card are designed for freelancers and small business owners to reward financial solutions to support their professional struggles.
HDFC Bank also offers the HDFC GIGA Business Credit Card, which provides benefits on business expenditures and privileges on online business expenses like advertising, cloud hosting, etc. Click the link below to Apply Now.