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Old December 1st, 2017, 03:56 PM
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Join Date: May 2011
Default Re: Zero Balance Account Opening In HDFC Bank

HDFC (housing development financial corporation) Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra.

Zero Balance savings account is offered by HDFC Bank to specific category of customers such as salary account holders and on basis of Pradhan Mantri Jan Dhan Yojana (PMJDY)

Features of Zero Bank Savings Account

No condition of maintaining a minimum Monthly Average Balance or Quarterly Average Balance.
Free ATM/Debit card that can be used to transact worldwide.
Free cheque book of fixed amount of leaves per year. Subsequent request for cheque books are charged a nominal fee.
Complimentary passbook is issued as part of the welcome kit, at the time of opening the account.
Access to internet banking and online transactions and standard charges for payment transfers.
Specific number of free transactions every month,subsequent transactions are billed a nominal fee.
Special privileges and offers for salary account holders based on the category of company/institution.

Benefits of Savings Account Opened Under PMJDY

No need to maintain a minimum balance.
Interest on deposits as per prevailing bank rates.
Accidental insurance cover of Rs.1.00 lac.
Direct benefit transfer from Government schemes are credited to this account.
Overdraft facility is offered after 6 months of satisfactory operation.
RuPay debit card and free Accident insurance cover.

Bank profile:

Type Private

Traded as BSE: 500180



BSE SENSEX Constituent

CNX Nifty Constituent

Industry Banking, Financial services

Founded August 1994

Headquarters Mumbai, Maharashtra, India

Area served India

Key people Aditya Puri (MD)

Products Credit cards, consumer banking, corporate banking, finance and
insurance, investment banking, mortgage loans, private banking, private equity,
wealth management

Revenue 74,373 crore (US$12 billion) (2016)

Profit 12,817 crore (US$2.0 billion) (2016)

Total assets 86,384,021 lakh (US$130 billion) (2016)"HDFC Bank" .

Number of employees 84,325 (March 2017)
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