16th March 2016Category : Start-upsPublished by :Rahul Verma Reading Time : 2 Minute News Sourced : India
HDFC Bank, the front-runners in banking process in India, has pushed ‘SmartUp’, a dedicated solution for startups, to bestow all their banking needs.
The SmartUp has been introduced this service in association with Mumbai-based Zone Startups India (ZSI).
SmartUp is tailored to meet all the requirements of a startup, offering banking and payment solutions, along with advisory and Forex services.
The benefits of SmartUp current account include—waiver of AMB (average monthly balance) for the first six months and extendable to 12 months, salary account for employees by waiving the minimum number of employees criteria, 'PayZapp' for business - a payment and collection solution and a dedicated relationship manager.
Account holders can also get recommendations of a chartered accountant for tax, regulatory and compliance issues. They also would have the opportunity to showcase products on SmartBuy to 32 million HDFC Bank customers.
The services will be available across India, even in tier-2 and 3 cities which are emerging as start-up hubs.