The Reserve Bank of India (RBI) has fined HDFC Bank ₹75 lakh, citing rule violations. According to RBI, the penalty was imposed due to lapses in following Know Your Customer (KYC) guidelines. RBI stated that HDFC Bank failed to classify some customers based on their risk category, such as low, medium, or high. Additionally, the … Read more
On Friday, March 7, HDFC Mutual Fund introduced the HDFC Nifty Top 20 Equal Weight Index Fund. This open-ended index fund aims to track the Nifty Top 20 Equal Weight Index TRI. The fund is now open for subscription, and investors can invest in it until March 21, 2025. After the NFO closes, the fund … Read more
Unified Payments Interface (UPI) has made transferring money easier for people, whether it’s for grocery shopping or paying vegetable vendors. UPI is now widely used in many countries, and in India, HDFC Bank, the country’s largest private bank, has issued an important notice about UPI services. Temporary Unavailability of UPI Services HDFC Bank has informed … Read more
HDFC Mutual Fund has announced the launch of a new fund offer (NFO) for the HDFC Nifty 100 Quality 30 Index Fund, which will track the Nifty 100 Quality 30 Total Returns Index. The NFO will be open for subscription from 31 January 2025 to 14 February 2025. This fund is a good choice for … Read more
HDFC Bank, the largest private sector bank in India, has made a significant change for its customers in the new year. On January 7, 2025, the bank reduced the Marginal Cost of Funds Based Lending Rate (MCLR) by 0.05% on certain loan tenures. This change applies to overnight, six-month, one-year, and three-year periods. While these … Read more
After Diwali, HDFC Bank, the largest private sector bank in India, has raised its Marginal Cost of Funds-based Lending Rate (MCLR) for certain loan tenures. This increase means that if you’re planning to buy a car or house, your loan will now come with a higher interest rate, leading to higher Equated Monthly Installments (EMIs). … Read more
HDFC Bank has announced that its Unified Payment Interface (UPI) service will be temporarily unavailable for two days due to necessary system maintenance. The UPI service will be shut down from midnight to 2:00 AM on November 5 and again from midnight to 3:00 AM on November 23. During these times, customers will not be … Read more
Hey there, HDFC Bank customer! Are you desperately seeking your Customer ID, but it feels like searching for a needle in a haystack? Fear not, for we are here to rescue you from this conundrum! In this comprehensive guide, we will walk you through the simple steps to obtain your Customer ID from HDFC Bank. … Read more
In the world of modern banking, every customer is assigned a unique identifier known as a Customer ID. This alphanumeric code plays a crucial role in facilitating smooth and secure banking transactions. In this article, one of India’s top financial institutions HDFC Bank’s Customer ID system’s intricate workings are examined. So, let’s begin our journey … Read more
I’m thrilled to share with you today some exciting information about HDFC Net Banking Login. HDFC Bank is one of India’s leading banks, and they offer a fantastic online banking platform that makes managing your finances easier than ever. Whether you’re looking to transfer funds, pay bills, or check your account balance, HDFC Net Banking … Read more