GSL / Offshore and International Law. Offshore companies registration. / Offshore Banking / HDFC Bank

How to open a bank account in HDFC Bank

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

July, 2023

Last contact

May, 2024

Last update

October, 2023
  • HDFC Bank is one of the leading private banks in India, incorporated in 1994;
  • opens accounts only for local companies, it does not work with non-residents;
  • opening an account requires a visit to the bank by the director of the company;
  • cards can be issued;
  • Internet bank in English;
  • account opening period, please check with your consultant
GSL rating
Beginning of cooperation
July, 2023
Last contact
May, 2024
Last update
October, 2023
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General information and rating

7
Global rating
1
Countrywide rating
—
Countrywide rating of the head bank
—
Global rating of the head bank
Year of foundation
1994
History
HDFC Bank is a leading private bank in India, which was one of the first banks in India to get permission from the Reserve Bank of India (RBI) to set up a private bank in 1994.

HDFC Bank is a leading private bank in India. As of July 31, 2023, there are 7,895 branches and 20,462 ATMs in 3,825 cities / towns
Personnel
Staff speaks English
Bank’s shareholders
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED - 15,39%;

SBI Funds Management Ltd. - 4,851%;

Life Insurance Corporation of India (Investment Portfolio) - 4,209%;

HDFC Asset Management Co. Ltd. (Invt Mgmt) - 1,776%;

UTI Asset Management Co. Ltd. (Investment Management) - 1,649% etc.
Confidentiality
Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed
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    Minimum requirements

    0
    Minimum balance, €
    No restrictions
    Transactions permitted per month
    0
    Initial deposit of funds, €
    0
    Deadline for the initial deposit, month
    Transactions permitted per month
    No restrictions on the number of transfers
    Minimum turnover, €/year
    No turnover restrictions
    How fast payments are executed
    Same day or next day

    Tariffs and services

    1
    Outcoming transfer, €
    0
    Incoming transfer, €
    N/A
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    NEFT payments: up to INR 100 000 - INR 2; over INR 100 000 - INR 10; (Free via Netbanking);

    RTGS-payments: over INR 200 000 - INR 15 (Free via Netbanking);

    IMPS-payments: from INR 0 to INR 1 000 - INR 3,5, from INR 1 001 to INR 100 000 - INR 5; over INR 100 000 - INR 15
    Incoming transfer, €
    No commission for enrollment incoming transfer
    Distant access to the account
    Internet banking in English
    Financial products
    India's largest bank providing products and services such as wholesale and retail banking, treasury, loans, credit cards, lifestyle loans and other types of loans through Payzapp and SmartBUY as digital products
    Credit/debit cards
    Yes

    Account opening procedure

    Days to open for incoming transfers
    Case by case
    Days to open for outcoming transfers
    Case by case
    References
    Not necessary
    Purpose of the account
    Savings & current
    Visit to the bank
    Opening an account requires a personal visit of the director of the company to the bank
    Required
    Completed bank forms, client passport / ID, standard set of corporate documents, etc.
    Types of accounts
    Savings; Current
    Chances to open an account
    Predictable
    Business description
    Requirements to the description of the activity are standard: a story about the current state of the business and its formation, disclosure of the source of origin of funds, biography of the account beneficiary and contact information
    Offers
    Registration of a Private Limited Company in India. Service offer

    India is gradually becoming a fully-fledged player on the international market. It is no secret that the country attracts a growing number of foreign investors an...

    7600 USD

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