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GSL rating
Beginning of cooperation
July, 2023
Last contact
November, 2025
Last update
October, 2023
HDFC Bank – recognized as one of the new generation private sector 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 banking in English;
account opening period, please check with your consultant
Founded in 1994. The company has successfully opened representative offices in Dubai, London and Abu Dhabi
Personnel
Staff speaks English
Bank’s shareholders
IndusInd International Holdings Ltd. - 11,53%; Route One Investment Co. LP - 5,092%; Indusind Ltd. - 3,603%; SBI Funds Management Ltd. - 3,145%; Life Insurance Corporation of India (Investment Portfolio) - 2,762% 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
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Tariffs and services
75
Outcoming transfer, €
0
Incoming transfer, €
N/A
Account maintenance, €/year
N/A
Payment limit for credit cards, €/day
Outcoming transfer, €
Transfer fee is ~ 0,10% - 0,15%
Incoming transfer, €
No commission for enrollment incoming transfer
Distant access to the account
Internet banking in English
Financial products
Recognized as one of the new generation private sector banks in India, including corporate banking, retail banking, treasury and foreign exchange operations. Investment banking, capital markets, high net worth individuals banking and non-resident banking as services
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
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...
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