HDFC Bank launches SmartUp for start-ups

May 18, 2016 15:08 IST

OECD MCAA HDFC Bank Ltd. on 16 May 2016 launched SmartUp solution. It is a first-of-its-kind dedicated platform for start-ups to fulfill all their banking needs.

The SmartUp is tailored to meet all the requirements of a start-up, offering banking and payment solutions, along with advisory and forex services.

It was launched in association with Zone Startups India, a start-up accelerator in Mumbai.

Zone Startups India is a collaboration between BSE Institute (a subsidiary of the Bombay Stock Exchange), Ryerson University’s accelerator Digital Media Zone, Ryerson Futures Inc. and Simon Fraser University.

The benefits of SmartUp include

• Enhanced transaction limit with no minimum balance requirement for first six months

• Customized Salary Account offering coupled with best-in class services and largest suite of product range

• PayZapp for Business - for providing invoicing, delivery and collection solutions and secure money transfer

• Dedicated Relationship Manager for taking care of all banking needs as well as investment advisory

• Recommendation of a Chartered Accountant for Tax, Regulatory and Compliance issues

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