What is the full form of HDFC?
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 RBI’s liberalisation of the Indian Banking Industry in 1994.
Is Axis Bank good for students?
Axis Bank is also the best bank for students by helping them manage their funds without any hassle. You get multiple deals and discounts with this Axis Bank savings account. The bank will offer you a debit card that comes with an ATM limit of INR 40,000 per day and a shopping limit of INR 1 lakh.
Which axis savings account is best?
Prime Savings Account
- Unlimited (free) cheque books, without any charge.
- Unlimited (free) Demand Draft (DD), without any charge.
- A Secure Plus Debit Card, at a zero issuance fee.
- Daily withdrawal limit of Rs 50,000 at ATMs.
- Daily limit of Rs 75,000 on shopping transactions.
- Earn Axis eDGE Reward points.
Can I open zero balance account in HDFC Bank?
HDFC Bank zero balance savings account can be opened by any resident individual who is not having an existing relationship with the bank and do not have complete KYC. HDFC Bank provides a Rupay ATM-cum-debit card to all the account holders of zero balance savings bank account.
Can I open HDFC account online?
You can apply online to open a Savings Account with HDFC Bank and benefit from the wide range of features and exclusive deals that come along with the different variants. The online saving account opening process is simple and easy, and can be completed online in just a few steps.
What happens if I don’t maintain minimum balance in HDFC?
Banks are allowed to charge non-maintenance of minimum balance penalty to the customers but there is no cap on the charges. For example, HDFC Bank has an average monthly balance (AMB) requirement of ₹10,000 for urban branch accounts while for semi-urban branch accounts the requirement is ₹5,000.