HDFC Bank is the Largest Private Sector Bank in India. Housing development Finance Corporation Providing services for a period of last more than 25 years is the largest and best private sector bank in India in terms of Assets and Market capitalization.
HDFC Bank Tagline
The HDFC Bank Tagline is: We Understand your world
HDFC is the best bank in India and holds a top 60th Position in the most valuable brands list 2020. In 2016 HDFC became the Best Performer Bank. HDFC has More than 5,350 Branches, 14,543 ATMs spread all over the country.
Type: Private Sector Bank
Founder: Late. Mr. H.T.Parekh
Industry: Banking and Financial Services
Headquarter: Mumbai, Maharashtra India
HDFC Bank Tagline: We Understand your world is the HDFC Bank Tagline
COVID-19 Coronavirus Banking Updates
HDFC bank Reduces Banking Hours
Due to Novel Coronavirus, HDFC bank requested to customers use cheque and Net banking services to prevent the spread of coronavirus.
HDFC Bank and Some Other banks like ICICI Bank changed its Banking Hours from 10 A.M to 2 P.M.
Services Suspended Passbook updating and Foreign Currency temporary Basis.
Customers can Pay the bills and their utility through UPI and Payment Techniques Platform.
Services and Products
HDFC Bank provides various services and products including:
- Wholesale Banking
- Retail banking
- Personal Loans
- Property Loans
- Credit card
- Debit Card
- Online Banking etc.
- Premium Banking
HDFC Saving Account
- Saving Max Account
- Regular Saving Account
- Women’s Saving Account
- Kid’s Advantage Account
- Senior Citizen Account
- Family Saving Group Account
- Basic Saving Bank Deposit Account
- Institutional Saving Account
- BSBDA Small Account
- Current Bank Account
HDFC Current Account
HDFC Bank Current account to serve the different business needs, it does not limit the number of transactions in a day and money withdrawal easily.
Private Sector Banks in India
- Axis Bank limited
- Bandhan Bank Limited
- CSB Bank Limited
- City Union Bank Limited
- DCB Bank
- Dhanlaxmi Bank Limited
- Federal Bank Limited
- HDFC Bank
- ICICI Bank Ltd
- Induslnd bank limited
- IDFC First Bank Limited
- Jammu and Kashmir Bank Limited
- Karnataka Bank Limited
- Karur Vyasa Bank Limited
- Kotak Mahindra Bank Limited
- Lakhsmi Vilas bank Limited
- Nainital Bank Limited
- RBL Bank Limited
- South Indian Bank Limited
- Tamilnadu Mercantile Bank limited
- YES Bank Limited
- IDBI Bank Limited
HDFC bank customer care number
HDFC Bank Customer care services – Customers can access Accounts, Credit Cards, Loans, Demat Account and Investment Services by calling on a Number with STD Code of respective place – 61606161
Banking Awareness Related terms
Reserve Bank of India takes some interest from the bank when it provides a loan to the bank for a short term period i.e. 1 to 90 days, this Rate percentage is known as Repo Rate.
Reverse Repo Rate
Reserve bank of India provides some percentage of interest to the bank when any Bank deposit money in RBI, Known as Reverse Repo Rate.
Statutory Liquidity Ratio SLR
In the form of Gold + cash+ Bonds + Securities etc. Every bank has to maintain a certain percentage of the total deposit with themselves at the end of business days, Known as SLR.
Cash Reserve Ratio CRR
In the form of Cash + Net Demand + Time liabilities, every bank has to maintain a certain percentage with Reserve Bank of India, known as Cash reserve ratio (CRR).
The rate through which Reserve Bank of India charges a certain percentage for providing money to other banks without any security for a long period for 90 days.
Marginal Standing facility
Marginal Standing Facility is the rate through which banks can borrow funds for a short period- Overnight basis.
Retail banking also known as Consumer Banking or Personal Banking in which direct dealing with customers is done. It is a visible face of a bank to the customer.
Schedule Banks which are included in the second schedule of Reserve bank of India Act 1934. These banks are fulfilling certain conditions:
- Paid-up capital and collected funds should be not less than Rs. 5 lakh.
- Any activity of the bank should not adversely affect the interests of the customers.
Non Performing Assets
Non Performing asset of a bank is the assets which are not producing any income.
Non-performing assets classify as any:
- Commercial loans: Overdue more than 90 days and
- Customers loans: Overdue more than 180 days.
A cheque is an unconditional order addressed to the banker, signed by the person who has deposited money with a banker, requesting him to pay on demand a certain sum of money only to the order of the certain person or to the bearer of the instrument.
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