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The distribution network of HDFC Ltd., which consists of 737 locations and includes 214 offices of HDFC Sales Private Limited, has been integrated into the network of the Bank. [36] HDFC Bank is the sole private bank operating in the union territory of Lakshadweep after opening a branch in Kavaratti island. [37]
[73] [74] By 15 July 2015, 16.92 crore (169.2 million) accounts were opened, with around ₹ 20,288.37 crore (US$2.4 billion) were deposited under the scheme, [75] which also has an option for opening new bank accounts with zero balance.
Current account or Current Account may refer to: Current account (balance of payments), a country's balance of trade, net of factor income and cash transfers; Current account (banking), a checking account, held at a bank or other financial institution; Current account mortgage, a type of flexible mortgage loan
A savings account is an interest-earning bank account designed to help you store and grow your money. It’s great for short-term goals, emergency funds or savings you might need to access quickly.
A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share account at credit unions, is a deposit account or bank account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate access by the ...
Payments banks are a new model of banks, conceptualised by the Reserve Bank of India (RBI), which cannot issue credit. These banks can accept a restricted deposit, which is currently limited to ₹200,000 per customer and may be increased further. [1] [2] These banks cannot issue loans and credit cards. Both current account and savings accounts ...
The bank became a member of the Open Network for Digital Commerce in September 2022. Subsequently, it began enrolling small merchants, who are existing customers with current accounts, onto a partner application registered with ONDC. [46] [47] In 2023, it launched central bank digital currency under the guidance of the RBI. [48]
The HDFC was established under the National Housing Act No. 37 of 1957 and it commenced operations in June 1984. [4] The Housing Development Finance Corporation of Sri Lanka Act No. 7 of 1997 passed in the parliament of Sri Lanka. Under the act, the HDFC was established as a state-owned enterprise. The act was amended in 2003, allowing the HDFC ...