Jan 16, 2016 08:02 PM 32102 Views
(Updated Jan 17, 2016 06:41 PM)
If you are a businessman or use lots of net banking or you want to deposit large amount of moneythen HDFC is a good bank for you. Currently you can't open zero balance account in HDFC. You should have at-least 10, 000 in your account. if you can't have balance more than 10, 000 in your account then SBI is best option for you.
Products of HDFC bank:- Personal Banking, Accounts & Deposits, Loans, Cards, Demat, Investments, Insurance, Forex, Premier Banking, Private Banking, NRI banking and wholesale banking, etc.
Pros:
It's the number one bank for net banking and overseas banking(as its having branches in other countries like Bahrain, Hong Kong, Abu Dhabi, Kenya and Dubai).
Currently it's ranks number two among the banks in India after state bank of India and It comes under top 50 banks in the world in terms of asset size.
HDFC Bank is one of the strongest contenders in the private banking space in india.
Rapid growth(It started in 1994)
HDFC Bank was the first bank in India to launch an International Debit Card in association with VISA.
Cons:
HDFC is having limited free transactions monthly after that they will charge fee for every transaction.
The customer:employee ration is low. For example you have to wait for your transaction is most of the branches.
It's age is below 25 years( as it started in 1994) but it is second highest in its asset size among Indian banks.
The branches are very low but the ATM centres are moderate(more than 3, 251 branches and 11, 177 ATM's in 2022 cities in India).
