Products and Services of HDFC
- Home Loans: HDFC is best recognised for its home loan offerings, which cover a range of client needs, including the purchase of a new home, building a home, renovating a home, and adding on to an existing home.
- Deposits: HDFC provides its clients with fixed deposits, recurring deposits, and savings accounts with competitive interest rates.
- Insurance: To satisfy its clients’ insurance needs, HDFC offers a range of insurance products, including life insurance, health insurance, auto insurance, travel insurance, and house insurance.
- Loans secured by property: At affordable interest rates, HDFC offers loans secured by both residential and commercial properties.
- Credit Cards: HDFC provides a selection of credit cards with enticing reward points, cashback deals, and other advantages.
- Mutual Funds: HDFC provides its clients with mutual funds that enable them to invest in equity, debt, and hybrid funds in accordance with their risk tolerance and financial goals.
- Demat Accounts: Investors may keep and manage their securities electronically with the help of HDFC’s demat accounts.
- Fixed Deposits: HDFC provides fixed deposits with excellent interest rates for a variety of terms, from 7 days to 10 years.
- Personal Loans: HDFC provides personal loans to clients for a range of needs, including travel, wedding, and medical costs.
- Business Loans: HDFC offers a range of business loans, including loans for working capital, loans for equipment, and loans for SMEs and MSMEs.
HDFC Full Form
The full form of HDFC is Housing Development Finance Corporation. It is a financial organisation in India that was founded in 1977 with the intention of giving the country’s citizens access to cheap house financing. The Industrial Credit and Investment Corporation of India (ICICI), which funded HDFC at the time of its establishment, helped the World Bank set up the organisation. One of the major private sector banks in India today, HDFC offers a variety of financial services and products, including banking, insurance, loans, credit cards, and investment services. The primary component of the HDFC Group, HDFC Bank, is widely recognised for its innovative and client-focused approach to banking.
With its headquarters in Mumbai, Maharashtra, India, HDFC Bank also maintains a significant online presence through its website and mobile app in addition to having a substantial nationwide network of branches and ATMs. One of the most valuable firms on the Indian stock market, HDFC Bank is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).