When the banking sector in India was hit by a wave of liberalization in 1994, the Reserve Bank of India or RBI gave its in principle approval to HDFC to establish their bank in the private sector. HDFC or Housing Development Finance Corporation Limited bank was among the first ones who received this approval. It started operating as a scheduled commercial bank, HDFC India from January 1995.

Just like any other private sector bank, HDFC India dabbles in credit cards, online banking or net banking, securities, mutual fund, standard life insurance, home loans etc.

HDFC Branch

Since HDFC India is a major private banking force in this country, it has consolidated its presence by opening HDFC branches in major cities such as Mumbai – the headquarters, Ahmedabad, Hyderabad, Bangalore, Delhi, Chennai, Kolkata etc. Apart from these it has its presence in 212 plus cities and towns in the country and offers its valued customers easy and hassle free service through 468 plus branches.

ATMs

If you are a card holder of any of these companies – American Express Credit/Charge, Cirrus/Plus, Visa Maestro/Electron, and Master/Visa card – both international and domestic – you will be able to access any of the ATMs on HDFC India.

• HDFC India has an authorized capital of rs 450 crore.
• It has a paid up capital of rs 282 crore.
• It holds an equity share of 24.2%.
• Both the National Stock Exchange and the Stock Exchange of Mumbai have listed HDFC India. The New York Stock Exchange lists this bank’s American counterpart or American Depository Shares. The symbol used there is HDB.

HDFC product range

The product range offered by HDFC includes HDFC Standard Life Insurance, HDFC Mutual fund; Demat account, HDFC bank plus, super saver account, sweep in account, HDFC bank preferred and savings account.

HDFC India Innovative Services

They include HDFC Bill Pay, HDFC Mobile Banking, HDFC International Debit Card, HDFC Net Banking, and HDFC Intercity or inter branch banking, HDFC ATM, HDFC Phone Banking.

HDFC Finance

HDFC Bank offers several kinds of loans such as home loans, consumer loans, two wheeler loans, loan against shares, used car loan, new car loan, personal loan etc.

HDFC Bank Fixed Deposits

You keep your hard earned money with a bank to gain high rates of interest. HDFC bank Fixed Deposits can offer you the most attractive rates in the market and the best part is that a penalty won’t be slapped on you if you decide to withdraw the fixed deposit partially before the money has matured or before the tenure of maturity.

Another advantage of keeping money with HDFC Bank is that payment instructions, maturity period and deposit period can be altered if you want to , thus offering you more flexible options.

You can keep fixed deposits for 7-14 days and the tenure can extend up to a maximum of 8 years. Interest rates vary between 3.5 % per annum to 10% per annum depending on the kind of scheme you have chosen. Senior citizens obviously are entitled to higher rates.

(We have taken maximum care in gathering information from banks, But we always suggest you to check with http://www.hdfcbank.com for correct details.)