HDFC

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I, SACHIN RAJ VERMA, student of M.B.A., S.D.College of Management Studies, Muzaffarnagar (Affiliated to U.P.Technical University, Lucknow), hereby declare that that the research project report on DEPOSITARY SCHEME OFFERED BY H.D.F.C. BANK in Muzaffarnagar city is my original work and has not been submitted by any other person to U.P.Technical University or elsewhere. Further, I also declare that I have tried my best to complete this project with my most sincerity and accuracy, even then if any mistake or error has crept in, I shall most humbly request the readers to point out those errors or omissions and guide me for the removal of those errors.
SACHIN RAJ VERMA
Sachin Raj Verma/MBA/2005-07
First of all, I would like to thank the management of my institute for providing me an opportunity to work in an organization of such repute. I am grateful to Mr. M.K. KULSHRESHTHA, (Director of S.D.C.M.S) for giving me an opportunity to do this project. I also extend my thanks to my internal guide, Mr. HITESH KHURANA for his continuous encouragement, invaluable help and guidance throughout the course of this project work without which it would not have been successfully completed. I am deeply indebted to my parents and colleagues for their valuable suggestions and constructive criticism from time to time.
SACHIN RAJ VERMA
The research project report is the parcel of M.B.A. a two-year full time course. In the end of fourth semester, student is required to do research in their respective field and submits a report the award of the degree. In todays world of dynamism and competitiveness, Finance is the most important element to retain organization viability. With out finance no organization can run. Therefore there is a need to identify the requirement of financial position in the organization. Finance management is one which deals with the finance of the organization. It is one of the principles of management is that all work performed in an organization, in some way, directly or indirectly, contribute to the objectives of the organization. Finance is that of the management function which is primarily concerned with the financial relationship within an organization. The objective of the project is to see depository schemes offered by HDFC Bank.
SACHIN RAJ VERMA
PROFILE
AWARDS & ACHIEVEMENTS PRODUCT RANGE FINANCIAL INFORMATION BOARD OF DIRECTORS OBJECTIVE OF THE STUDY RESEARCH METHODOLOGY DEPOSITORY SCHEMES FINDINGS
ABOUT HDFC BANK LIMITED, INDIA
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI's liberalisation of the Indian Banking Industry in 1994. The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.
HDFC is India's premier housing finance company and enjoys an impeccable track record in India as well as in international markets. Since its inception in 1977, the Corporation has maintained a consistent and healthy growth in its operations to remain the market leader in mortgages. Its outstanding loan portfolio covers well over a million dwelling units. HDFC has developed significant expertise in retail mortgage loans to different market segments and also has a large corporate client base for its housing related credit facilities. With its experience in the financial markets, a strong market reputation, large shareholder base and unique consumer franchise, HDFC was ideally positioned to promote a bank in the Indian environment.
HDFC Bank's mission is to be a World-Class Indian Bank. The objective is to build sound customer franchises across distinct businesses so as to be the preferred provider of banking services for target retail and wholesale customer segments, and to achieve healthy growth in profitability, consistent with the bank's risk appetite. The bank is committed to maintain the highest level of ethical standards, professional integrity, corporate governance and regulatory compliance. HDFC Bank's business philosophy is based on four core values - Operational Excellence, Customer Focus, Product Leadership and People.
The authorised capital of HDFC Bank is Rs.450 crore (Rs.4.5 billion). The paid-up capital is Rs.311.9 crore (Rs.3.1 billion). The HDFC Group holds 22.1% of the bank's equity and about 19.4% of the equity is held by the ADS Depository (in respect of the bank's American Depository Shares (ADS) Issue). Roughly 31.3% of the equity is held by Foreign Institutional Investors (FIIs) and the bank has about 190,000 shareholders. The shares are listed on the The Stock Exchange, Mumbai and the National Stock Exchange. The bank's American Depository Shares are listed on the New York Stock Exchange (NYSE) under the symbol "HDB".
In a milestone transaction in the Indian banking industry, Times Bank Limited (another new private sector bank promoted by Bennett, Coleman & Co./Times Group) was merged with HDFC Bank Ltd., effective February 26, 2000. As per the scheme of amalgamation approved by the shareholders of both banks and the Reserve Bank of India, shareholders of Times Bank received 1 share of HDFC Bank for every 5.75 shares of Times Bank. The acquisition added significant value to HDFC Bank in terms of increased branch network, expanded geographic reach, enhanced customer base, skilled manpower and the opportunity to cross-sell and leverage alternative delivery channels.
HDFC Bank is headquartered in Mumbai. The Bank at present has an enviable network of over 583 branches spread over 263 cities across India. All branches are linked on an online real-time basis. Customers in over 120 locations are also serviced through Telephone Banking. The Bank's expansion plans take into account the need to have a presence in all major industrial and commercial centres where its corporate customers are located as well as the need to build a strong retail customer base for both deposits and loan products. Being
a clearing/settlement bank to various leading stock exchanges, the Bank has branches in the centres where the NSE/BSE have a strong and active member base.
The Bank also has a network of about over 1155 networked ATMs across these cities. Moreover, HDFC Bank's ATM network can be accessed by all domestic and international and Visa/MasterCard, Visa Electron/Maestro, Plus/Cirrus
American Express Credit/Charge cardholders.
Mr. Jagdish Capoor took over as the bank's Chairman in July 2001. Prior to this, Mr. Capoor was a Deputy Governor of the Reserve Bank of India.
The Managing Director, Mr. Aditya Puri, has been a professional banker for over 25 years, and before joining HDFC Bank in 1994 was heading Citibank's operations in Malaysia. The Bank's Board of Directors is composed of eminent individuals with a wealth of experience in public policy, administration, industry and commercial banking. Senior executives representing HDFC are also on the Board. Senior banking professionals with substantial experience in India and abroad head various businesses and functions and
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report to the Managing Director. Given the professional expertise of the management team and the overall focus on recruiting and retaining the best talent in the industry, the bank believes that its people are a significant competitive strength.
HDFC Bank operates in a highly automated environment in terms of information technology and communication systems. All the bank's branches have online connectivity, which enables the bank to offer speedy funds transfer facilities to its customers. Multi-branch access is also provided to retail customers through the branch network and Automated Teller Machines(ATMs). The Bank has made substantial efforts and investments in acquiring the best technology available internationally, to build the infrastructure for a world class bank. In terms of software, the Corporate Banking business is supported by Flexcube, while the Retail Banking business by Finware, both from i-flex Solutions Ltd. The systems are open, scaleable and webenabled. The Bank has prioritised its engagement in technology and
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the internet as one of its key goals and has already made significant progress in web-enabling its core businesses. In each of its businesses, the Bank has succeeded in leveraging its market position, expertise and technology to create a competitive advantage and build market share.
HDFC Bank offers a wide range of commercial and transactional banking services and treasury products to wholesale and retail customers. The bank has three key business segments:
Wholesale Banking Services

The Bank's target market ranges from large, blue-chip manufacturing companies in the Indian corporate to small & mid-sized corporates and agri-based businesses. For these customers, the Bank provides a wide range of commercial and transactional finance, banking services, including working services, capital cash trade services, transactional
management, etc. The bank is also a leading provider of structured solutions, which combine cash management services with vendor and distributor finance for facilitating superior supply chain management for its corporate customers. Based on its superior product delivery / service levels and strong customer orientation, the Bank has made significant inroads into
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the banking consortia of a number of leading Indian corporate including multinationals, companies from the domestic business houses and prime public sector companies. It is recognized as a leading provider of cash management and transactional banking solutions to corporate customers, mutual funds, stock exchange members and banks.
Retail Banking Services

The objective of the Retail Bank is to provide its target market customers a full range of financial products and banking services, giving the customer a one-stop window for all his/her banking requirements. The products are backed by world-class service and delivered to the customers through the growing branch network, as well as through alternative delivery channels like ATMs, Phone Banking, NetBanking and Mobile Banking. The HDFC Bank Preferred program for high net worth individuals, the HDFC Bank Plus and the Investment Advisory Services programs have been designed keeping in mind needs of customers who seek distinct financial solutions, information and advice on various investment avenues. The Bank also has a wide array of retail loan products including Auto Loans, Loans against marketable securities, Personal Loans and Loans for Two-wheelers. It is also a leading provider of Depository Participant form.
(DP)
services
for
retail
customers,
providing
customers the facility to hold their investments in electronic
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HDFC Bank was the first bank in India to launch an International Debit Card in association with VISA (VISA Electron) and issues the Mastercard Maestro debit card as well. The Bank launched its credit card business in late 2001. By September 30, 2005, the bank had a total card base (debit and credit cards) of 5.2 million cards. The Bank is also one of the leading players in the "merchant acquiring" business with over 50,000 Point-of-sale (POS) terminals for debit / credit cards acceptance at merchant establishments.
Treasury
Within this business, the bank has three main product areas - Foreign Exchange and Derivatives, Local Currency Money Market & Debt Securities, and Equities. With the liberalisation of the financial markets in India, corporates need more sophisticated risk management information, advice and product structures. These and fine pricing on various treasury products are provided through the bank's Treasury team. To comply with statutory reserve requirements, the bank is required to hold 25% of its deposits in government securities. The Treasury business is responsible for managing the returns and market risk on this investment portfolio.
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HDFC Bank has its deposit programmes rated by two rating agencies - Credit Analysis & Research Limited. (CARE) and Fitch Ratings India Private Limited. The Bank's Fixed Deposit programme has been rated 'CARE AAA (FD)' [Triple A] by CARE, which represents instruments considered to be "of the best quality, carrying negligible investment risk". CARE has also rated the Bank's Certificate of Deposit (CD) programme "PR 1+" which represents "superior capacity for repayment of short term promissory obligations". Fitch Ratings India Pvt. Ltd. (100% subsidiary of Fitch Inc.) has assigned the "tAAA (ind)" rating to the Bank's deposit programme, with the outlook on the rating as "stable". This rating indicates "highest credit quality" where "protection factors are very high". HDFC Bank also has its long term unsecured, subordinated (Tier II) Bonds of Rs.4 billion rated by CARE and Fitch Ratings India Private Limited. CARE has assigned the rating of "CARE AAA" for the Tier II Bonds while Fitch Ratings India Pvt. Ltd. has assigned the rating "AAA(ind)" with the outlook on the rating as "stable". In each of the cases referred to above, the ratings awarded were the highest assigned by the rating agency for those instruments.
Corporate Governance Rating

The bank was one of the first four companies, which subjected itself to a Corporate Governance and Value Creation (GVC) rating by the rating agency, The Credit Rating Information Services of India Limited (CRISIL). The rating provides an
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independent assessment of an entity's current performance and an expectation on its "balanced value creation and corporate governance practices" in future. The bank has been assigned a 'CRISIL GVC Level 1' rating which indicates that the bank's capability with respect to wealth creation for all its stakeholders while adopting sound corporate governance practices is the highest.
Awards and Achievements - Banking Services
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HDFC Bank began operations in 1995 with a simple mission: to be a "World-class Indian Bank". We realised that only a single-minded focus on product quality and service excellence would help us get there. Today, we are proud to say that we are well on our way towards that goal. It is extremely gratifying that our efforts towards providing customer convenience have been appreciated both nationally and internationally. 2007 The Asian The Asian Banker Leadership Achievement Award Banker Achievement Awards 2006 Business Today Forbes Magazine Best Bank in India. One of Asia Pacific's Best 50 companies.
Businessworld Best listed Bank of India. The Asset Best Domestic Bank. Magazine's Triple A Country Awards Asiamoney Awards Euromoney Awards Best Local Cash Management Bank in Large and Medium segments. "Best Bank" in India.
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2005 Asiamoney Awards Asiamoney Awards Best Domestic Commercial Bank Best Cash Management Bank - India .
The Asian Retail Banking Risk Management Award in Banker India. Excellence Hong Kong- Best Bank India based Finance Asia magazine Economic "Company of the Year" Times Awards Corporate Excellence. Award for
Asiamoney also named the bank:

Best Local Cash Management Bank in India 2004 - US$11100m Best Local Cash Management Bank in India 2004 >US$501m Best Local Cash Management Bank in India 1989-2004 (poll of polls) Best Overall Domestic Trade Finance Services in India 2004 Most Improved company for Best Management Practices in India 2004
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The Business Today-KPMG Survey published in the leading Indian business magazine Business Today has named HDFC Bank "Best Bank in India" for the third consecutive year in 2005. The Asset magazine named HDFC Bank "Best Cash Management Bank" and "Best Trade Finance Bank" in India, in 2006. HDFC Bank named the "Most Customer Responsive Company Banking and Financial Services in The Economic Times - Avaya Global Connect Customer Responsiveness Awards 2005" HDFC Bank has been named Best Domestic Bank in India in The Asset Triple A Country Awards 2005. HDFC Bank has been named Best Domestic Bank in India Region in The Asset Triple A Country Awards 2004 and 2003. In 2004, HDFC Bank was selected by BusinessWorld as "One of India's Most Respected Companies" as part of The Business World Most Respected Company Awards 2004. In 2004, Forbes Global again named us in its listing of Best Under a Billion, 100 Best Smaller Size Enterprises in Asia/Pacific and Europe, in its November 1, 2004 issue. In 2004, HDFC Bank won the award for "Operational Excellence in Retail Financial Services" - India as part of the Asian Banker Awards 2003. In 2003, Forbes Global named us in its ranking of "Best Under a Billion, 200 Best Small Companies for 2003".
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Leading business newspaper The Financial Express named HDFC Bank the "Best New Private Sector Bank 2003" in the FE-Ernst & Young Best Banks Survey 2003. Leading Personal Finance Magazine in India Outlook Money named HDFC Bank the "Best Bank in the Private Sector" for the year 2003. Leading Indian business magazine Business Today in a survey rated us "Best Bank in India" 2003, and "Best Private Sector Bank" in India in 1999. NASSCOM and economictimes.com have named us the 'Best IT User in Banking' at the IT Users Awards 2003.
There have been moments as well:
some
other
proud
London-based Euromoney magazine gave us the award for "Best Bank - India" in 1999, "Best Domestic Bank" in India in 2000, and "Best Bank in India" in 2001 and 2002 Asiamoney magazine has named us "Best Commercial Bank in India 2002". For our use of information technology we have been recognized as a "Computerworld Honors Laureate" and awarded the 21st Century Achievement Award in 2002 for
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Finance,
Insurance
&
Real
Estate
category
by
Computerworld, Inc., USA. Our technology initiative has been included as a case study in their online global archives.The Economic Times has conferred on us The Economic Times Awards for Corporate Excellence as the Emerging Company of the Year 2000-01. Leading Indian business magazine Business India named us "India's Best Bank" in 2000. In the year 2000, leading financial magazine Forbes Global named us in its list of "The 300 Best Small Companies" in the world and as one of the "20 for 2001" best small companies in the world. We are aware that all these awards are mere milestones in the continuing, never-ending journey of providing excellent service to our customers. We are confident, however, that with your feedback and support, we will be able to maintain and improve our services.
PRODUCT RANGE
Banking should be effortless. With HDFC Bank, the efforts are rewarding. No matter what a customer's need and
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occupational status, we have a range of solutions that are second to none. Whether you're employed in a company and need a simple Savings account or run your own business and require a robust banking partner, HDFC Bank not only has the perfect solution for you, but also can recommend products that can augment your planning for the future.
SAVINGS ACCOUNT:
These accounts are primarily meant to inculcate a sense of saving for the future, accumulating funds over a period of time. Whatever your occupation, we are confident that you will find the perfect banking solution. Open an account in your name or register for one jointly with a family member today. Regular Savings Plus SavingsMax No Frills Retail Trust Kids Advantage Pension Savings Family Savings Salary Classic Payroll Regular Premium Defence Reimbursement
CURRENT ACCOUNTS:
Now, with an HDFC Bank Current Account, experience the freedom of multi-city banking! You can have the power of multiSachin Raj Verma/MBA/2005-07
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location access to your account from any of our 535 branches in 228 cities. Not only that, you can do most of your banking transactions from the comfort of your office or home without stepping out. We make it our business to help you with your business by offering you a Current Account with all the benefits you need to stay ahead of your competition. At HDFC Bank, we understand that running a business requires time and money, also that your business needs are constantly evolving. That's where we come in. We provide you with a choice of Current Account options to exclusively suit your business - whatever the size or scope. Open an HDFC Bank Current Account & control your business operations centrally. Plus Premium Trade RFC Domestic Premium
FIXED DEPISITS:
Long-term investments form the chunk of everybody's future plans. An alternative to simply applying for loans, fixed
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deposits allow you to borrow from your own funds for a limited period, thus fulfilling your needs as well as keeping your savings secure. Regular Fixed Deposit 5 Year Tax Saving Fixed Deposit As per the finance (No 2) Act 2004, all fees & charges mentioned in the Tarriffs, Charges or Fees Brochures will attract Service Tax @10% & Education Cess @2% of the service tax amount effective 10th September 2004. The same will appear as separate debits in the statements. SuperSaver Sweep-In
DEMAT ACCOUNT:
Conduct hassle-free transactions on your shares. You can also access your Demat Account on the internet.
PHONE BANKING:
24-hour automated banking services with 39 Phone Banking numbers available.
ATM 24-HOUR BANKING:
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Apart from routine transactions, you can also pay your utility bills and transfer funds, at any of our ATMs across the country all year round. Inter-city/inter-branch Banking: Access your account from any of our 468 branches in 212 cities.
NET BANKING:
Access your bank account from anywhere in the world, at anytime, at your own convenience. You can also view your Demat Account through NetBanking.
INTERNATIONAL DEBIT CARD:

An ATM card you can shop with all over the country and in over 140 countries with. You can spend in any currency, and pay in Rupees.
MOBILE BANKING:
Access your account on your mobile phone screen at no airtime cost. Use SMS technology to conduct your banking transactions from your cellphone.
BILL PAY:
Pay your telephone, electricity and mobilephone bills through our ATMs, Internet, phone or mobile phone. No more standing in long queues or writing cheques.
LOANS FOR EVERY NEED:

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Now, our loans come to you in easy-to-pay monthly instalments, and are available with easy documentation and quick delivery.
MUTUAL FUNDS:
Apart from a wide choice of mutual funds to suit your individual needs, you benefit from export advice on choosing the right funds based on in-depth market analysis. International credit card: Get an option of Silver, Gold, or Health Plus Credit card, accepted worldwide from a world-class bank. If you have outstanding balance on your other credit card, you can transfer that balance to this card at a lower interest rate.
NRI SERVICES:
A comprehensive range, backed by unmatched features and world-class service, ensures NRIs all the banking support they need.
FOREX FACILITIES:
Avail of foreign currency, travelers cheques, foreign exchange demand drafts, to meet your travel needs.
INSURANCE:
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HDFC Bank now brings you Life Insurance and Pension Solution like Risk Cover Scheme, Saving Scheme, Childrens Plan and Personal Plan from HDFC Standard Life Insurance Co. Ltd.
Financial Information
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The last nine years have been very fulfilling. We can of course wax eloquent about it in so many ways, but they say, figures don't lie, so we will let the figures do all the talking. They will give you a fair idea of how we have grown in the past few years.
Financial Results Annual Reports
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BOARD OF DIRECTORS
The composition of the Board of Directors of the Bank is governed by the Companies Act, 1956, the Banking Regulation
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Act, 1949 and the listing requirements of the Indian Stock exchanges where the securities issued by the Bank are listed. The Board had strength of 11 Directors as on March 31,2005. The Board had an optimum combination of Executive and Nonexecutive Directors and a majority of Directors are independent Directors. The Board consists of eminent persons with considerable professional expertise and experience in banking, finance and other related fields. None of the Directors on the Board is a member of more than 10 committees and Chairman of more than 5 committees across all the companies in which he/she is a Director. All the Directors have made necessary disclosures regarding committee positions occupied by them in other companies. Mr. Vineet Jain is nominated by the Bennett, Coleman Group on the Board of the Bank. All Directors other than Mr. Aditya Puri, managing Director, are Non-executive Directors on the Board.
All Directors other than Mr. Jagdish Capoor, Mr.Aditya Puri,
Mr. Keki Mistry and Mrs. Renu Karnad, are Independent Directors on the Board. The Bank has not entered into any materially significant transactions during the year, which could have a potential conflict of interest between the Bank and its promoters, directors, management and / or their relatives etc. Other than the transactions entered into in the normal course of business.
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OBJECTIVE OF THE STUDY
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The research project work is done to fulfill the requirement of our M.B.A degree course. It is an integral part of the circulation of this program. The main objective of this project is to have a deeper insight in the Depository Schemes Offered by HDFC Bank. This will help to know that how many types of deposit schemes and facilities provided by the Bank for those schemes. It also includes the offers, rebates and etc. schemes that are provided by the HDFC bank on time to time.
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RESEARCH METHODOLOGY
Methodology of the study refers to the methods used to collect the required data research work. The data required has been collect from following sources.
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PRIMARY SOURCES:
For this project there is no primary data is collected.
SECONDARY DATA:
The secondary data provided by the bank helped me a lot. I have collected all the figures from Annual Reports & Financial Result of the HDFC Bank. The informations are also collected from catalogs provided by the bank regarding the various schemes. Some valuable informations are also collected from the source of internet.
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An easy-to-operate savings account that allows you to issue cheques, draw Demand Drafts and withdraw cash. Check up on your balances from the comfort of your home or office through NetBanking, PhoneBanking and MobileBanking. Need money urgently? Withdraw cash from any of the 1200 ATM centres spread across the country.
Features & Benefits

Wide network of branches and over thousand ATMs to meet all your banking needs no matter where you are located. Bank conveniently with facilities like NetBanking and MobileBanking- check your account balance, pay utility bills or stop cheque payment, through SMS.
Never overspend- Shop using your International Debit Card
that reflects the actual balance in your savings account. Personalised cheques with your name printed on each cheque leaf for enhanced security.
Take advantage of BillPay, an instant solution to all your
frequent utility bill payments. Instruct for payment over the phone or through the Internet.
Avail of facilities like Safe Deposit Locker, Sweep-In and
Super Saver facility on your account.
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Introducing the best banking option for you with HDFC Bank Savings Plus Account. Now you can get access to some of the finest banking facilities with HDFC Bank's Savings Plus Account. All you have to do is maintain an Average Quarterly Balance of Rs. 10,000/- and experience the benefits as mentioned below:
Features & Benefits

Wide network of branches and over thousand ATMs to meet all your banking needs no matter where you are located. 2 Free txns on SBI ATMs per month
Free International Debit Card for all account holders for life time of the account.
Free Payable at Par chequebook*. Customers to apply separately for a PAP chequebook. Free Demand Drafts on HDFC Bank locations, upto a limit of 25,000/- per day.
Free BillPay & InstaAlerts for all account holders for lifetime of the account Free Electronic Funds Transfer facility, NetBanking,
PhoneBanking & MobileBanking
Special relationship discount on purchase of Gold Bars
25%-off on the Locker rental for the 1st year (only). Intercity Banking / Multi-city Banking
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Welcome to a world of convenience. Presenting SavingsMax account, loaded with maximum benefits to make your banking experience a pleasure. By maintaining an average quarterly balance of just Rs. 25,000/- you get a host of premium services from HDFC Bank absolutely free*.
Features & Benefits

Free unlimited cash withdrawal and balance enquiry transactions at all HDFC Bank ATMs & on any other Bank's ATM using your HDFC Bank Debit Card.
Free Gold Debit Card for primary account holder for lifetime of the account. Gold Debit Card for other account holders at Rs 250/- p.a.
Free Woman's Advantage/International Debit Card for all account holders for lifetime of the account.
Free Payable-at-Par (PAP) chequebook, without any usage charges upto a limit of 1 lac per month.* Free Demand Drafts on HDFC Bank locations, upto a limit of 50,000/- per day at home branch. Self/Third Party Cash Deposit/Withdrawal at non-home branches, upto Rs 50,000/- per day free. Above Rs 50,000 a charge of Rs 2.90 per thousand on the full amount would be applicable. Optional sweep out facility to transfer extra savings to a Fixed Deposit, at the threshold of Rs.50,000/-.In the event of the balance in SavingsMax account exceeding Rs
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50,000/-, the amount in excess of Rs 50,000/- will be swept out in to a Fixed Deposit with a minimum value of Rs 25000/- for a 1year 1day period.
Free BillPay & InstaAlerts for all account holders for lifetime of the account.
50% off on the Locker rental for the 1st year (only). Free Monthly Statement of Account.
50% off on the Locker rental for the 1st year only. year.
Folio maintenance charges on Demat account free for first
Free
National
Electronic
Funds
Transfer
facility,
NetBanking, PhoneBanking & MobileBanking.
In an effort to make banking simpler and more accessible for our customers, we have introduced the 'No Frills' Savings Account, which offers you all the basic banking facilities. You can even avail of services like NetBanking, Mobilebanking free of cost. All this with a Zero Initial Pay-in and a Zero Balance account! Read more about the benefits you get on the 'No Frills' Savings Account.
Features & Benefits
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Access a wide network of branches and over a thousand ATMs across the country to meet all your banking needs. Bank conveniently with facilities like Free NetBanking and MobileBanking. Use the Free Electronic Funds Transfer (EFT) facility to transfer funds from your HDFC Bank account to an account in another Bank at the locations as specified by RBI. Enjoy Free IVR based PhoneBanking. (Agent assisted calls will be charged*) Get Free Quarterly Account Statements. Access your account through a Free ATM Card. Enjoy free Cash Deposits at Branch/ATM. 9 Free Cash withdrawals per Quarter at Branch and HDFC Bank ATMs This includes 1 Cash withdrawal per month at the Branch and 2 Cash withdrawals per month at HDFC Bank ATMs Additional ATM Cash withdrawals in the month will be charged Rs. 15/- per transaction. Other transactions like cheque deposit, balance enquiry and ministatement at the ATMs will be free of charge and without any restrictions Additional Branch Cash withdrawals in the month will be charged @ Rs.50/- per transaction. Cheque deposits at branches will be free of charge and without any restrictions
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International Debit Card available only
on
request at the branch @ Rs. 100/- p.a. for each applicant. First Chequebook consisting of 25 leaves free and subsequent cheque books to be charged at the rate of Rs 5/- per cheque leaf. Take advantage of BillPay, an instant solution to all your frequent utility bill payments. Instruct for payment over the phone or through the Internet*. charges*. Avail facilities like Safe Deposit Locker, SweepIn and Super Saver on your account. Enjoy InstaAlerts via e-mails or SMS at nominal
The Retail Trust Account is beneficial for Trusts and Societies as it earns them a higher interest as compared to a conventional Current Account that offers no interest.
HDFC Bank's Retail Trust now offers features and benefits previously offered only on Current Accounts.
Features & Benefits

Enjoy free DD's payable on HDFC bank locations up to a limit of Rs. 50,000/- per DD, per day. Avail of Free Outstation Cheque Collection at HDFC Bank locations across the country.
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Payable at Par Cheque facility: At a nominal cost, you can avail a PAP cheque book of 25 leaves (Regular non-PAP cheque book come free of cost).
Avail
of
Special
discounts
on
Foreign
exchange
transactions and Forex rates at most branches across the country. Access your account from any of the branches in the HDFC banking network.
Avail of facilities like Safe Deposit Locker and Sweep-In facility on your account Avail of facilities like Free 24-hour PhoneBanking and NetBanking and carry out banking transactions from the comfort of your office or home.
Cash delivery & Cash pick-up facility* Cheque pick-up facility*
Structured Investment Program: Avail of the facility for investing surplus funds lying in your account into Mutual Funds, RBI Bonds and other financial instruments through any of our branches across the country.
The HDFC Bank payroll account comes with the following benefits and features.
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Features & Benefits

Zero Balance Account Nil Interest payout on account balance Personal Accident Insurance cover of Rs. 2,00,000/ Free Payroll Debit Card - (max cash withdrawal at ATMs- Rs 15,000/- and Rs 25,000 at shopping avenues) Branch transactions at Rs. 60/- per transaction. Free Net Banking, Phone Banking, Mobile Banking. BillPay facility at Rs 25/- (plus taxes) per qtr. per Customer ID. InstaAlert facility at Rs 25/- (plus taxes) per qtr. per account. Up to 6 free ATM cash withdrawal transactions; thereafter Rs. 30/- per transaction. Six-monthly account statements. Cheque book issuance @ charge of Rs.5 per leaf (only on request and this is not a standard offering )
The Classic Salary account is a Zero Balance Account which earns you interest on your savings from salary at a competitive rate fixed by the bank from time to time. There is no fee applicable for branch transactions and you receive banking statements once every six months.
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Features & Benefits

Zero Balance Account Free personalised cheque books Free ATM Card with a withdrawal limit of up to Rs. 10,000/per day. Free facilities like Net Banking, Phone Banking and Mobile Banking. Free inter-city and inter-branch banking Half yearly statements. Billpay facility
The HDFC Bank Regular Salary account is a Zero Balance account and comes with below mentioned features and benefits.
Features & Benefits

No minimum balance required Interest at the applicable savings account rate Free International Debit card with ATM cash withdrawal limit of up to Rs. 15,000 and Rs. 25,000 (non-cash) at shopping avenues.
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Free issuance of Demand Drafts up to Rs. 25,000 per instrument, payable at branches within the HDFC Banking network. Free Net Banking, Phone Banking, Mobile Banking Free Sweep-in facility Free inter-city/branch banking. Safe Deposit Lockers (subject to availability) Quarterly statements Free personalised cheque book Preferential rates on loan products offered by the bank Preferential rates on forex transactions Billpay facility Free InstaAlert facility
A power-packed account for successful salaried professionals, the Premium Salary account comes with a free International Debit Card and add-on Debit card for life, with the option of choosing between a Silver or Gold credit card at preferential rates.
Features & Benefits

Free International Debit Card and Add-on Debit card for life
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Free
Personal
Insurance
Accident
cover
up
to
Rs.
2,00,000/- on the Debit card Free Debit card withdrawals - max cash withdrawal at ATMs- Rs 25,000/- and Rs 50,000 (non-cash) at shopping avenues Preferential rates for Gold and Silver credit cards Free Demand Drafts up to Rs. 25,000 per instrument, per instrument payable at branches within the HDFC Banking network. Free BillPay and Insta Alert facility Free "Payable at Par" cheques - ONLY on Request. Free monthly account statements Free ATM transactions on non-HDFC Bank Visa/Cirrus network ATM's
Are you a defence personnel employed with the Indian Armed Forces or the Indian Navy? Then this account is for you. Rather than collecting your cheque/cash at the end of the month, you can instruct your salary wing to start crediting your salary to your Defence Salary Account.
Features & Benefits

The Defence Salary Account is a Zero Balance account. Free for life International Debit Card and one add-on Debit Card with no annual fees for the first year.
49
Enjoy
facilities
like
NetBanking,
PhoneBanking,
MobileBanking, BillPay, ATM facility, inter-city and interbranch banking. Free Funds Transfer to any other HDFC Bank account in any city/branch and free Demand Drafts up to Rs. 25,000/-. Enjoy preferential rates on Loans Against Shares, New Car Loans and Used Car Loans, Consumer Loans and Personal Loans. Free payable at par cheque book Enjoy Free InstaAlert Facility
As a financial inclusion initiative, we have introduced the "No Frills Salary" product specifically targeted at the "urban" poor and the low salaried class. This is a Zero Balance Salary Account!
Features & Benefits

Access a wide network of branches and over a thousand ATMs across the country to meet all your banking needs. Bank conveniently with facilities like Free NetBanking and MobileBanking. Use the Free Electronic Funds Transfer (EFT) facility to transfer funds from your HDFC Bank account to an account in another Bank at the locations as specified by RBI.
50
Enjoy Free IVR based PhoneBanking. (Agent assisted calls will be charged*). Get Free Quarterly Account Statements. Access your account through a Free ATM Card. Enjoy free Cash Deposits at Branch/ATM. Free Cash withdrawals per Month at Branch and HDFC Bank ATMs This includes 1 Cash withdrawal per month at the Branch and 2 Cash withdrawals per month at HDFC Bank ATMs Additional ATM Cash withdrawals in the month will be charged Rs. 15/- per transaction. Other transactions like cheque deposit, balance enquiry and mini-statement at the ATMs will be free of charge and without any restrictions Additional Branch Cash withdrawals in the month will be charged @ Rs.50/- per transaction. Cheque deposits at branches will be free of charge and without any restrictions Free ATM Card for life. International Debit Card available only on
request at the branch @ Rs. 100/- p.a. for each applicant. First Chequebook consisting of 25 leaves free and subsequent cheque books to be charged at the rate of Rs 5/- per cheque leaf.
51
Take advantage of BillPay, an instant solution to
all your frequent utility bill payments. Instruct for payment over the phone or through the Internet*. charges*. Avail facilities like Safe Deposit Locker, SweepIn and Super Saver on your account. Enjoy InstaAlerts via e-mails or SMS at nominal
Start saving for your child today and secure his/her future. Open a Savings Account and transfer money every month into his/her Kids Advantage Account. Watch the savings grow as your child grows. The accumulated savings in the Kids Advantage Account can over the years help in meeting your child's needs.
Features & Benefits

Builds up savings for your child's future. Automatically increases the balance in your Kids Advantage Account by transferring a fixed sum from your Savings Account every month. Amounts in excess of Rs. 5,000/- over and above a balance of Rs. 10,000/- gets converted into Fixed Deposits for a specified period in your child's name. Free International Debit Card for your child (above 7 years of age) with a maximum drawing capability of Rs. 2,500/per day.
52
Free Education Insurance cover of up to Rs. 1,00,000/- for your child with every Kids Advantage Account. Net Banking facility to monitor both, your Savings Account as well as your Kids Advantage Account. Free Funds Transfer between your Savings Account and your Kids Advantage Account. Opt for systematic Investment in Mutual Funds to plan for your childs future.
A Pension Saving Account is a Zero Balance Account that accumulates your pension over the years. It comes with a free International Debit Card and facilities like Phone and Net Banking. You can access this Account from any branch within the HDFC network and also request for transfer to another bank.
Features & Benefits

The Pension Saving account is a Zero Balance Account. Timely credit of receivables Free International Debit Card. Enjoy facilities such as NetBanking, PhoneBanking, BillPay, ATM facility, inter-city and inter-branch banking. Pension Accounts are transferable from one branch/bank to another.
53
The HDFC Bank advantage

Pension Accounts are opened immediately after advice, and deliverables reach in time- within the 1st and 5th of the new month (in case of EPFO) and last day of the month (in case of Central Govt. Civil Pensions). Timely communication to the customer on receipt of the PPO. No delays in commencement of pension disbursals (subject to all the stipulated terms/conditions are fulfilled by the pensioner). Dispatch of credit advice containing detailed calculations of the amount credited each month within 10 days of the payment. Timely issue of Form- 16A (by April 15th) for tax deducted at source in the immediately previous financial year. Timely intimation of revisions due to changes in rates of Pension or Dearness Allowance. Immediate action in case family pension devolves to the spouse.
54
In today's fast-paced world, your business regularly requires you to receive and send funds to various cities in the country. HDFC Bank Plus Current Account gives you the power of intercity banking with a single account and access to more than 220 cities. From special cheques that get treated at par with local ones in any city where we have a branch, to free** collection of outstation cheques (payable at branch locations), to free intercity funds transfers of up to 100 lakhs, our priority services have become the benchmark for banking efficiency.
Read on to know the powerful plus points of the HDFC Bank Plus Current Account.
Features & Benefits

Free** outstation cheque collection (non HDFC Bank location cheques will incur a nominal charge).
Free
limited*
NetBanking
for
checking
balances
in
accounts.*Full fledged Net Banking can be availed of after completion of certain formalities.
55
FREE Demand Drafts (without any limit) payable at Mumbai, Delhi, Kolkata, Chennai, Ahmedabad, Bangalore, Hyderabad, Trivandrum, Chandigarh, Bhopal, Nagpur, Jaipur, Bhubaneshwar, Kanpur, Patna & Guwahati. At all other HDFC Bank Branch locations, Demand Drafts will be issued Free up to a total of Rs.50 lacs per month, incremental to be charged @ Rs.0.25 per Rs.1,000, minimum Free Funds Rs.25/-,maximumRs.5,000. TransferHuge savings! These drafts are available free only from the Home Branch You can transfer funds* absolutely FREE across all locations, except Dahej, in the HDFC Bank network upto a total value of Rs.100 lakhs* per month. * any incremental amount above Rs.100 lakhs will be charged @ Rs. 0.50 /Rs.1000. Easy cash deposit and withdrawal. You can avail of the service FREE, at home branch, as per the branch's discretion. At non-home branches within the same city, you can withdraw cash up to Rs.50,000/-, but cash deposits are allowed to account-holder (self) only, upto Rs.100,000/- per day at a charge of Rs.2/- per Rs.1,000/-. Free Cheque book with "At Par" cheque leaves.
In today's changing busines requirements, you need to transfer funds across cities, and time is of the essence. HDFC Bank Trade Current Account gives you the power of inter-city
56
banking
with
singleaccount.
From special cheques that get treated at par with local ones in any city where we have a branch, to free** collection of outstation cheques (payable at branch locations), to free intercity funds transfers of up to 25 lakhs, our priority services have become the benchmark for banking efficiency. Read on to know the powerful features of the HDFC Bank Trade Current Account.
Features & Benefits
Convenient Inter-city banking across more than 185 cities: Due to your account being Trade account, cheques are treated at par with local cheques and get cleared within 2 days instead of 7 days for national cheques. You also save nearly 50% of what you would normally spend on issuing Demand Drafts.
Safe
&
convenient
Intra-city
banking
Deposit and withdraw cash in more than one branch/ATM in a city (only for sole proprietorship companies)
FREE ATM Card to access your account from the wide network of HDFC Bank ATMs, across the country - Know more...
Enjoy facilities like 24-hour PhoneBanking, NetBanking and MobileBanking
FREE Funds Transfer. Huge Savings. You can transfer funds* absolutely FREE across all locations, except Dahej, in the HDFC Bank network upto a total value of Rs.25
57
lakhs*
per
month.
* any incremental amount above Rs.25 lakhs will be charged @ Re.1.00 /Rs.1000. FREE Demand Drafts (without any limit) payable at Mumbai, Delhi, Kolkata, Chennai, Ahmedabad, Bangalore, Hyderabad, Trivandrum, Chandigarh, Bhopal, Nagpur, Jaipur, Bhubaneshwar, Kanpur, Patna & Guwahati. At all other HDFC Bank Branch locations, Demand Drafts will be issued Free up to a total of Rs.20 lacs per month, incremental to be charged @ Rs.0.25 per Rs.1,000, minimum
Rs.25/-,
maximum
Rs.5,000
These drafts are available free only from the Home Branch. Utilise a safe deposit locker (available at select branches ) for your valuables and important documents.
Your business needs a partner who can manage your finances while you concentrate on growing your business. You can avail benefits of inter-city banking account with Premium Current Account, that requires an average quarterly balance of only Rs. 25,000 per quarter-offers Payable-At-Par cheque book facility & FREE inter-city finds transfer across our network upto Rs.10 Lacs per month.
58
A Current Account with the benefits of accessing your account from a large network of branches, and through direct access channels - the phone, mobile, Internet and through the ATM. Enter into a profitable relationship and access all the privileges flowing your way.
Features & Benefits
Convenient Inter-city banking across more than 185 cities: Due to the Premium status of your Account, cheques are treated at par with local cheques and get cleared within 2 days instead of 7 days for national cheques. You also save nearly 50% of what you would normally spend on issuing Demand Drafts.
Safe
&
convenient
Intra-city
banking
Deposit and withdraw cash in more than one branch/ATM in a city (only for sole proprietorship companies)
FREE ATM Card to access your account from the wide network of HDFC Bank ATMs, across the country. Enjoy facilities like 24-hour PhoneBanking, NetBanking and MobileBanking. Automatically transfer funds from your Fixed Deposit to your Current Account in times of need - Click here to know more...
59
FREE Funds Transfer* across all locations in the HDFC Bank network up to a total value of Rs. 10 lacs per month, (except Dahej), any incremental amount above Rs.10 Lacs will be charged @ Rs.1.50 per Rs.1000/-
*Effective November 2004 Acceptance of cash at the home branch is as per branch's discretion Utilise a safe deposit locker (available at select branches ) for your valuables and important documents.
A Current account is ideal for carrying out day-to-day business transactions. With the HDFC Bank Regular Current Account, you can access your account anytime, anywhere. Withdraw and deposit cash, issue and encash cheques, make balance-inquiries or ask for mini statements, and even request for cheque books any time,anywhere.
With a vast network of branches in cities all over the country, and access to a multitude of ATM's, you can keep track of all your transactions anytime.
Features & Benefits
Convenient
inter-city
banking
Deposit your local cheques in one branch of a city and
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have it credited to your account at a branch in another city, at a nominal rate
FREE ATM Card to access your account from the wide network of HDFC Bank ATMs, across the country - Know more
Enjoy
FREE
24-hour
PhoneBanking,
NetBanking
and
MobileBanking that helps you check your balance, find out the status of your cheque or stop cheque payment.
Sweep-In Account With the Sweep-In Facility you can automatically transfer funds from your Fixed Deposit to your Current Account in times of need.
Attractive
rates
for
inter-city/inter-branch
transactions Your funds will be transferred at Rs.1.50/per Rs.1000/-. The minimum charge is Rs. 50/-. You can also deposit or withdraw cash for an additional charge of Rs. 2 per Rs. 1000/- (on full amount, if amount is more than Rs. 50,000) at branches other than the branch where you have opened your account Acceptance of cash at the home branch is as per branch's discretion Utilise a safe deposit locker (available at select branches ) for your valuables and important documents. FREE personalised cheque book for enhanced security containing 50 leaves. A charge of Rs. 2/- per leaf is charged for subsequent cheque books.
61
No more paperwork, no more receipts to keep track of - a hassle-free basis. How to Open a Reimbursement Account Procure an Account Opening Document (AOD) from HDFC Bank. (If you have just joined, first request your company to open up a Salary Account for you). Mention your Salary Account number and your Debit Card number on the AOD so that your Debit card can be linked to both, your Salary Account as well as your new Reimbursement Account. Request your company to directly credit cash payments to the Reimbursement Account. account that allows you to deposit the reimbursements you receive from your company on a monthly
Features & Benefits

Easily distinguish between reimbursements and basic monthly salary. Choose from either your Salary Account or your Reimbursement Account when withdrawing cash from HDFC Bank ATMs. Utilise Net Banking, Phone Banking and Mobile Banking facilities.
62
Receive receipts.
half-yearly
statements
of
all
your
reimbursements, thus doing away with filing individual No need to maintain a minimum balance (Zero Balance Account) Receive a separate cheque book (on request) for your Reimbursement Account.
Have you accumulated foreign currency from travelling abroad frequently? Received gifts from relatives in foreign currency? Or earned it by any other means as approved by the Reserve Bank of India? If so, open Resident Foreign Currency Domestic Account* and manage your foreign currency efficiently. You can choose to set up your account either in US Dollar, Great Britain Pound or Euro. *Please note that this account has to be operated strictly under FEMA guidelines
How to Open a RFC Domestic Account

Choose the currency in which you wish to operate. Open your account with an initial amount as per the following-US Dollar = 250 | Great Britain Pound = 200 |
63
Euro = 250 and maintain an Average Quarterly Balance of the same amount.
Features & Benefits

Maintains a record of your foreign exchange transactions through monthly statements. Enjoy preferential rates when converting your foreign currency into Indian Rupees. Protects you from losing money due to exchange rate fluctuations.
64
If you believe in long-term investments and wish to earn higher interests on your savings, NOW is the time to invest your money in our Fixed Deposit. Get upto 9.50% on HDFC Bank Fixed Deposit with an additional 0.50% for Senior Citizens. What's more NO PENALTY if you withdraw part of the FD in times of need. Flexibility, Security and High Returns all bundled into one offering. Check out the rates and book an FD TODAY!! NetBanking Users can login and book their Fixed Deposit online immediately.
Features & Benefits

Time based rate of interest- longer periods of deposit accrue higher interests.
65
Potential to earn compound interest by reinvesting the principal amount along with the interest earned during the period. Add to your Fixed Deposit. (minimum add-ons of Rs. 5,000/-) when you have surplus funds. No penalty for premature withdrawal. Flexibility in altering period of deposit, maturity and payment instructions, principal amount and rollover mode. Higher rate of interest on Fixed Deposits for Senior Citizens.
Fixed Deposits at one time were the most popular investment financial markets, FDs lost their sheen. However today they have once again become attractive !! In 2006, it was announced for the first time that Bank fixed deposits booked by an Individual/HUF for 5 years & upto Rs. 1,00,000/- will be allowed exemption under Sec 80C of the Income Tax Act,1961 subject to necessary declarations taken from the Customer. avenue. However with the changing market scenario-booming
Features & Benefits

Minimum Amount: Rs.100/ Multiples of Rs.100/Sachin Raj Verma/MBA/2005-07
66
Maximum Amount: Rs. 1 lac (in a FY) Tenure - 5 years (lock in period). Rate of Interest - 8.25% p.a, Senior Citizen rate - 8.75% No Partial/Premature withdrawal allowed. Sweep-in not allowed. No OD or pledge allowed. Relationship pricing on other products. In the case of joint holder deposit, the deduction from income under section 80C of the Act shall be available only to the first holder of the deposit.
Enjoy a high rate of interest along with the liquidity of a Savings Account by opting for a SuperSaver Facility on your savings account. Avail of an overdraft facility of up to 75% of the value of your Fixed Deposit.
Features & Benefits

It's like two Accounts working in tandem to give you better returns.
Choose between a Savings Account or Current Account to link to your Fixed Deposit.
Avail an overdraft facility to supplement your household or business needs.

67
Pay back with interest only on the drawn amount, while the remaining Fixed Deposit continues to earn you interest. Flexibility in altering period of deposit, maturity and payment instructions, principal amount and rollover mode. Senior citizens enjoy a higher rate of interest on their Fixed Deposits.
Do you wish to avoid taking overdrafts, and still take advantage of your Fixed Deposits? Then what you need is a Sweep-In Facility on your savings account. Link your Fixed Deposit to your Savings or Current Account and use it to fall back on in case of emergencies. A deficit in your Savings or Current Account is taken care of by using up an exact value from your Fixed Deposit. Since deposits are broken down in units of Re 1/-, you will lose interest only for the actual amount that has been withdrawn.
Features & Benefits

Choose between a Savings Account or Current Account to link to your Fixed Deposit. Earn higher interest on the money till it is swept-in, while the remaining Fixed Deposit continues to earn you interest.
68
Only an exact amount required to make up for the deficit in the Savings account is withdrawn from your Fixed Deposit (units of Re. 1/-) thereby minimising interest loss. Multiple deposits can be linked to the Savings account. Flexibility in altering the period of deposit, maturity and payment instructions, principal amount and rollover mode.
You can avail of both, a SuperSaver Facility as well as a Sweep-In Facility if you have linked your deposits to a Savings Facility.
Senior citizens enjoy a higher rate of interest on their Fixed Deposits.
Avail an International Debit card and a Free cheque book on your Sweep-in Savings account.
HDFC BANK is one of the leading Depository Participant (DP) in the country with over 8 Lac demat accounts.
69
HDFC Bank Demat services offers you a secure and convenient way to keep track of your securities and investments, over a period of time, without the hassle of handling physical documents that get mutilated or lost in transit. HDFC BANK is Depository particpant both with -National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL).
Features & Benefits

As opposed to the earlier form of dealing in physical certificates with delays in transaction, holding and trading in Demat form has the following benefits : Settlement of Securities traded on the exchanges as well as off market transactions. Shorter settlements thereby enhancing liquidity. Pledging of Securities. Electronic credit in public issue. Auto cerdit of Rights / Bonus / Public Issues / Dividend credit through ECS. Auto Credit of Public Issue refunds to the bank account. No stamp duty on transfer of securities held in demat form. No concept of Market Lots. Change of address, Signature, Dividend Mandate, registration of power of attorney, transmission etc. can be
70
effected across companies held in demat form by a single instruction to the Depository Participant (DP). Holding / Transaction details through Internet / email. In case you need any more information please mail your queries to dphelp@hdfcbank.com Disclaimer: Whatever have been stated above are in the good interest of the Investor / Demat Applicants / holders to provide a brief picture about the depository system. You are requested go through the guidelines of the depositories before taking any further action. For detailed guidelines, you are requested to approach your nearest HDFC Bank branch. HDFC Bank will not be responsible for any misunderstanding / act based on the above. Also HDFC Bank might ask for additional information / documentation than what has been stated above to process your application / instruction.
Whatever your need, our range of loans can help.
Personal Loan:
A wedding in the family? Maybe your house needs renovation? Our range of Personal Loans brings you one step closer to your dreams.
71
Home Loans:
Get the home of your dreams - with a little help from us.
Two Wheeler Loans:

With flexible payment options and easy repayment, our Two Wheeler Loan offers the perfect excuse to purchase that bike you've always wanted.
New Car Loans:

Drive away the car of your dreams - with our New Car Loan!
Used Car Loans:

Choose any used car manufactured in India and we'll put you in the driver's seat!*
Overdraft Against Car:

Get an overdraft against your car and utilise the money for your personal or business needs.
Express Loans:
Borrow from Rs 10,000/- to 75,000/- for any purpose at low interest rates.
Gold Loan:
With HDFC Bank's Gold Loan, you can get an instant loan against your gold jewellery and ornaments. The procedure is simple, documentation is minimal and approval is quick.
72
Loan Against Securities:

Get an overdraft against your securities like Equity Shares, Mutual Fund Units, GOI Relief Bonds, LIC Policies, NSC, KVP, UTI Bonds (6.60% ARS Bonds & US64 Bonds).
Loan Against Property:

Get a loan against your residential or commercial property. Flexibility to choose between an EMI based loan or an Overdraft.
73
FINDING AND CONCLUSION
1. There are different types of current account that works best of specific business needs. 2. In every type of current account many free services offer to all current account holder i.e. Net Banking, Free A.T.M. Cards. Etc. 3. In saving account in average balance of just Rs. 5000/and Bank provides many facilities also i.e. Net Banking, Free A.T.M. Cards. Etc.
74
4. Many types of Loans provided by HDFC Bank at low rate of interest. 5. HDFC Bank provide mobile banking, from this service, you can access your account on your mobile phone screen, any time, any where. 6. There are different type of NRI Account i.e. NRO Account, NRE Account etc.

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SACHIN RAJ VERMA

Sachin Raj Verma/MBA/2005-07

SACHIN RAJ VERMA

Sachin Raj Verma/MBA/2005-07

SACHIN RAJ VERMA

Sachin Raj Verma/MBA/2005-07

Sachin Raj Verma/MBA/2005-07

ABOUT HDFC BANK LIMITED, INDIA

Sachin Raj Verma/MBA/2005-07

Sachin Raj Verma/MBA/2005-07

Sachin Raj Verma/MBA/2005-07

American Express Credit/Charge cardholders.

Wholesale Banking Services

Retail Banking Services

customers the facility to hold their investments in electronic

Sachin Raj Verma/MBA/2005-07

Corporate Governance Rating

Awards and Achievements - Banking Services

Sachin Raj Verma/MBA/2005-07

Sachin Raj Verma/MBA/2005-07

Asiamoney also named the bank:

Sachin Raj Verma/MBA/2005-07

There have been moments as well:

Sachin Raj Verma/MBA/2005-07

ATM 24-HOUR BANKING:

Sachin Raj Verma/MBA/2005-07

INTERNATIONAL DEBIT CARD:

LOANS FOR EVERY NEED:

Sachin Raj Verma/MBA/2005-07

Sachin Raj Verma/MBA/2005-07

Sachin Raj Verma/MBA/2005-07

Sachin Raj Verma/MBA/2005-07

Sachin Raj Verma/MBA/2005-07

Sachin Raj Verma/MBA/2005-07

Sachin Raj Verma/MBA/2005-07

OBJECTIVE OF THE STUDY

Sachin Raj Verma/MBA/2005-07

Sachin Raj Verma/MBA/2005-07

Sachin Raj Verma/MBA/2005-07

Sachin Raj Verma/MBA/2005-07

Sachin Raj Verma/MBA/2005-07

Features & Benefits

Never overspend- Shop using your International Debit Card

Take advantage of BillPay, an instant solution to all your

Avail of facilities like Safe Deposit Locker, Sweep-In and

Super Saver facility on your account.

Sachin Raj Verma/MBA/2005-07

Features & Benefits

PhoneBanking & MobileBanking

Special relationship discount on purchase of Gold Bars

Sachin Raj Verma/MBA/2005-07

Features & Benefits

Folio maintenance charges on Demat account free for first

NetBanking, PhoneBanking & MobileBanking.

Features & Benefits

Sachin Raj Verma/MBA/2005-07

Sachin Raj Verma/MBA/2005-07

International Debit Card available only

Features & Benefits

Cash delivery & Cash pick-up facility* Cheque pick-up facility*

Sachin Raj Verma/MBA/2005-07

Features & Benefits