HDFC was incorporated in 1977 with the primary objective of meeting a social need that of promoting home ownership by providing long-term finance to households for their using needs. HDFC was promoted with an initial share capital of Rs 100 million.
The primary objective of HDFC is to enhance residential housing stock in country through the provision of housing finance in a systematic and professional manner, and to promote home ownership. Another objective is to increase the flow of resources to housing sector by integrating the housing finance sector with the overall domestic financial market.
HDFC’s main goals are as follows.
Ø Develop close relationship with individual households.
Ø Maintain is position as a premier housing finance institution in country.
Ø Transform idea in to viable and creative solution.
Ø Provide consistently higher returns to shareholders.
Ø To grow through diversification by leveraging if the existing client base.
The first chairman and founder of HDFC Bank was Hasmukhbhai Parekh. Today’s Chairman of HDFC Bank is Mr. Jagdish Capoor. HDFC Bank's business philosophy is based on four core values - Operational Excellence, Customer Focus, Product Leadership and People.
Awards
Ø Best Retail Bank in India-2007, in Retail financial service awards.
Ø Best Bank in India-2006 by Business today.
Ø HDFC Ranked No-3 – ‘India’s Best Managed Companies’ by Finance Asia.
Ø One of the Top Ten – Most Admired Companies in India-2003 by Business Barons.
Ø Best Listed Bank of India-2006 by Business World.
Besides this, HDFC Bank got many awards.
HDFC Credit Cards
To keep with the changing times, HDFC Bank offers you the finest Payment solution, from Debit Cards all internationally valid.
Following are credit cards offered by HDFC Bank:
Ø International Gold Credit Card
Ø International Silver Credit Card
Ø Value plus Credit Card
Ø Health plus credit Card
Ø Gold Business Credit Card
Ø Women’s Gold Credit Card
HDFC BANK –CREDIT CARDS
International Silver credit card
Features and Benefits
Ø All-purpose credit card
The HDFC Bank Silver Credit Card can be used for all your requirements, be it shopping, eating out, holidaying, and fuelling up your vehicle, railway ticket reservations - just about any financial requirement, planned or on impulse.
Ø Earn while you spend
With us, money spent is money earned. For every Rs. 100 you spend, you earn 2 reward points. You can redeem these accumulated points for exciting gifts and offers from our exclusive rewards program.
W.e.f 1 June, 2007 you will accumulate 1 reward point per Rs 150 spent with your HDFC Bank Silver Credit Card.
W.e.f 1 June, 2007 you will accumulate 1 reward point per Rs 150 spent with your HDFC Bank Silver Credit Card.
Ø Add on cards
Get up to 3 add-on cards for your spouse, parents, siblings (own brother/sister), son and/or daughter (over 18 years) and allow them to enjoy the many benefits of the HDFC Bank International Silver Credit Card.
Ø Zero liability on lost card
In case your credit card gets lost, report it immediately to our24 hour call center. After you do this, you carry zero liability on any fraudulent transactions on your card
Ø Widely accepted
Accepted at over 110,000 merchant establishments across India and Nepal and close to 18 million merchant establishments around the world.
Ø Privilege Pricing Loans:
As HDFC Bank International Silver Credit Card holder gets loans from the bank at special rates. The rate discount offered is as follows.
LOAN
|
DISCOUNT OFFERED
|
Personal loans
|
1%
|
Car Loans
|
0.5%
|
Used Car loans
|
0.5%
|
Special Benefits Cards
1. Value plus Credit Card
Ø Value plus Cash back- Anytime Anywhere
Use your Value plus Credit Card anywhere anytime during the year and avail up to 5% cash back on all retail spends.
Ø Worldwide acceptance
The HDFC Bank International Value plus Credit Card is accepted at over 23 million Merchant Establishments around the world, including 110,000 Merchant Establishments in India. so now one don’t carry large amount of cash while you shop, travel or entertain, making that purchase on impulse or planned one so much more convenient.
One can also use to ATMs to:
· Withdraw Cash
· Check the available Credit limit
· Apply for a PIN change
· Pay your credit card bills
Ø Accidental Death
In case of death in an air accident your nominated next of kin will receive compensation of Rs 2, 00,000 and in case of death in rail or road accident, your nominated next of kin will receive a compensation of Rs 1, 00,000.
Ø 24-hour customer Call Center
If you have a query or need any assistance, just call the 24-hour Customer Call Center.
Ø Cash Advance
Just step into any one of our ATMs or VISA Member ATMs and withdraw cash up to 30% of your credit limit at a very nominal charge.
Ø Interest Free Credit Period
Your Card now gets an Interest Free Credit Period of up to 50 days from the date of purchase.
Ø Balance Transfer Option
If you have any other credit card and wish to transfer their balances to your HDFC Bank International Value plus Card, those balances will attract a nominal charge for a period of six months from the transfer
Date. The outstanding amount transferred can be up to 50% of your HDFC Bank International Value plus Card Credit Limit.
Description
|
Charges for Value Plus Credit Card
|
Interest Free Period
|
Up to 50 days
|
Minimum Repayment Amount
|
5% Minimum of Rs 200
|
Cash Advance Limit
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30% of credit limit
|
Joining fee
|
Rs .300
|
Annual Fee
|
Rs .700
|
Additional card fee
|
Free for Life
|
Charges on revolving Credit
|
2.95%p.m. 35.4% annually- from transaction date
|
Cash Advance Charges
|
2.5% of amount withdrawn or Rs 300 whichever is higher
|
Balance transfer Processing charges
|
Rs. 100
|
Petrol Transaction Charges
|
2.5% (subject to a minimum of Rs 10)
|
Railway Ticket Purchase Fee
|
Rs 30 + 2.5% of transaction amount
|
Reissue of Lost, Stolen or Damaged Card
|
Rs. 100
|
Outstation Cheque Processing Charge
|
Rs. 100
|
Service Tax
|
Applicable on all fees, interst and other charges.
|
2. Health plus Credit Card
A Credit Card that takes care of your financial health as well as your family's health and fitness. This is not just a card but a guarantee of a healthy and secure future.
Features and Benefit
Ø Cashless Mediclaim
This credit card comes with a free cashless mediclaim cover of Rs.50, 000 plus a critical illness cover of Rs.1.5 lakhs. The critical illness cover includes open heart surgery, cancer, kidney failure and vascular stroke. You can avail cashless mediclaim facility at any of more than 3000 networked hospitals of the Third Party Administrator (TAPE) across the country.
Ø Extra protection for your family - Add-on Float Cover
You have the option of extending the Rs.50,000 mediclaim plus the critical illness cover of Rs.1.5 lakhs cover to the add-on cardholders,
be it your spouse, children, brothers or sisters. What's more, the add-on cardholders can also avail the discounts at participating hospitals.
Ø Protection through insurance
The HDFC Bank Health plus International Credit Card offers you a comprehensive insurance package at no additional cost. In case of death in an air accident, the nominated kin will receive a compensation of Rs.10 lakhs. In the case of a rail or road accident the nominated kin will receive a compensation of Rs.2 lakhs.
Ø Cash Advance
Just step into any one of our ATMs or any ATM displaying MasterCard logo or Maestro Cirrus logo and withdraw cash up to 30% of your credit limit at a very nominal charge.
Ø Revolving credit facility
This feature allows you to pay a minimum amount, which is 5% (subject to a minimum amount of Rs.200) of your total bill amount or any higher amount whichever is convenient for you. You can then carry forward the balance to a better financial month, for which you pay a charge of 2.95% (2.85% per month for HDFC Bank Account Holders), per month.
Ø Interest Free Credit Period
Your Card now gets an Interest Free Credit Period of up to 50 days from the date of purchase (subject to the submission of the charge by the Merchant). Subsequently, if you carry forward your outstanding balance you just pay a nominal interest of 2.95% (2.90% per month for HDFC Bank Account Holders) per month.
Ø Interest Free Credit Period
Your Card now gets an Interest Free Credit Period of up to 50 days from the date of purchase (subject to the submission of the charge by the Merchant). Subsequently, if you carry forward your outstanding balance you just pay a nominal interest of 2.95% (2.90% per month for HDFC Bank Account Holders) per month.
Ø Third Party Administrator (TPA)
The TPA is an intermediatery between the hospital, the Insurer and the card member. Under the TPA system, the mediclaim policyholders need not pay the medical bills upfront. Instead the settlement is to be done between the hospital and the TPA. For the customer, medical expenditure becomes a cashless transaction. For the HDFC Bank
Health plus International Credit Card, the insurer United India Insurance Company (UIIC) has appointed Family Health Plan Limited (FHPL) as the TPA.
Eligibility
You are eligible for the Health plus International Credit Card if you are:
Salaried
|
Self Employed
| |
Minimum Age
|
21
|
21
|
Maximum Age
|
60
|
65
|
Annual Income(Rs)
|
Rs 2,00,000 p.a.
|
Rs 1,50,000 p.a
|
Fees and Charges
Description
|
Charges for Health plus Credit Card
|
Interest Free Period
|
Up to 50 days
|
Minimum Repayment Amount
|
5% Minimum of Rs 200
|
Cash Advance Limit
|
30% of credit limit
|
Joining fee
|
Rs .300
|
Annual Fee
|
Rs .700
|
Additional card fee
|
Free for Life
|
Charges on revolving Credit
|
2.95%p.m. 35.4% annually- from transaction date
|
Cash Advance Charges
|
2.5% of amount withdrawn or Rs 300 whichever is higher
|
Balance transfer Processing charges
|
Rs. 100
|
Late Payment Charges
|
Rs 350 for credit card bills up to Rs 10000, Rs 500 for credit card bills between Rs 10000 and Rs 20000, Rs 600 for credit card bills above Rs 20000 *
|
Petrol Transaction Charges
|
2.5% (subject to a minimum of Rs 10)
|
Railway Ticket Purchase Fee
|
Rs 30 + 2.5% of transaction amount
|
Reissue of Lost, Stolen or Damaged Card
|
Rs. 100
|
Outstation Cheque Processing Charge
|
Rs. 100
|
Service Tax
|
Applicable on all fees, interest and other charges.
|
Commercial Credit Cards
1. Corporate card
HDFC Bank Corporate card is the first among few to provide you with truly world beating features on your credit card. It comes with a unique 24x7 Expense management solution called SMART DATA ONLINE, powered by MasterCard International.
Corporate benefits
Ø 24x7 online MIS availability.
Ø 60 MIS reports for better informed business decisions.
Ø Substantial savings for the business through better negotiations with airlines, hotel chains and other service providers.
Ø Streamlines accounting procedures by consolidating transaction data from around the world.
Ø Helps in integrating with the existing accounting systems.
Ø Helps in minimizing paperwork and simplifying reconciliation and compliance tasks.
Ø Smart Data online Reports
- Card programme analysis including transaction totals, ATM usage etc.
- Spending Analysis by category
- Expense reports
- Cost allocation details & summary
- Merchant summary & details
- Account management for detailed transaction information at
employee level.
- Spending Analysis by category
- Expense reports
- Cost allocation details & summary
- Merchant summary & details
- Account management for detailed transaction information at
employee level.
Card-Holder Benefits
Ø My rewards
Earn up to 1 reward points for every Rs.150 spent on the card. Points earned can be redeemed for exciting gifts and Air miles.
Earn up to 1 reward points for every Rs.150 spent on the card. Points earned can be redeemed for exciting gifts and Air miles.
Ø Fabulous Discounts all over the world
Complementary IBTC membership would ensure you get up to 50% discounts at over 10,000 Star Hotels all over the world.
Ø Petrol Surcharge Waiver
Offering 0% surcharge on petrol spends across all petrol pumps.
Offering 0% surcharge on petrol spends across all petrol pumps.
Ø Lower Interest rates
Up to 50 days interest free period on your along with lower interest rates of 2.25 % on your card.
Ø Protection Through Insurance
To show how much we care, we have provided insurance covers against the various risks you might face and to ensure a hassle free travel, a host of travel-related insurance covers are provided on your card.
2. Gold Business Credit Card
Features of card
Ø Higher Credit Limits
Get Up to 10 lakes as credit limit on the card basis the company / business financials.
Ø Spend Based Interest Rates
Pay lesser rate of interest when you spend more on the Gold Business card. The card offers you a unique benefit of spend based interest rates. i.e. the more you spend on the card in a month the less interest you accrue. The interest rates are 2.75% for spends up
to Rs.10, 000 in a month and 2.35% for spends more than Rs.10, 000 on incremental spends.
Ø Petrol surcharge waiver
Drive the extra mile with the Gold Business card. Enjoy full waiver of the fuel surcharge across all fuel pumps.
Ø Earn rewards with your Card
Enjoy the benefits of our exciting Rewards Programme. You will earn 1 Rewards Point for every Rs.200 spent on your Card. By
accumulating these, you can redeem them into air miles, gift cards and host of exciting gifts and offers.
Ø Save on Business spends
Save on your business related spends with our extensive partner tie-ups. Our partner tie-ups are across office and business equipment, services and supplies, Travel services, Telecommunications & Security System and Services with leading brands including HP Laptops, Tata AGE, Airtel Blackberry, Godrej, AFL Wiz and many more.
Ø Business and Travel Insurance Covers
HDFC Bank Gold Business card provides you insurance against various risks the business and the cardholder might face.
Ø Business Insurance
The card offers inbuilt insurance to cover your business office premises towards fire and burglary for up to 2 lacs.
Ø Travel Insurance Covers
o Air Accident Cover - 10 Lacs.
o Rail / Road Accident Cover - 3 Lacs.
o Purchase Protection - 50,000.
o Hospitalization Cover - 50,000
Ø Cash at your fingertips
In a situation where you need cash, just step into any one of our ATMs or MasterCard Member ATMs and withdraw cash up to 40% of your credit limit at a very nominal charge.
Ø Free Credit Period*
Enjoy up to 45 days interest free credit on your purchases.
3. Women’s Gold Credit Card
Features and Benefits
Ø 5% cash back on your Monthly household purchases
Get whopping 5% cash back on all grocery/supermarket & select departmental store purchases on your woman's card. Here's more good news - there is no upper limit on this cash back! It functions as the ideal household credit card.
Ø Discounts on hotel tariff
Assured 50% discount on hotel stays across 30cities in India through International Business Traveler’s Club. It also entitles you to discounts of up to 50% at over 10000 hotels worldwide.
Ø Accelerated rewards programme
Rewards simply multiply with Woman's Gold card. Get 5 reward points for every Rs.100 spent above Rs.5, 000 in a month. For spends up to Rs 5000 in a month you get 2 reward points per Rs 100 spent.
Ø Worldwide acceptance
Accepted at over 23 million merchant establishments around the world, including 110,000 merchant establishments in India.
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