HDFC Bank Institutional Saving Account – Schemes & Interest Rates

·         Get access to free and unlimited demand darfts at HDFC Bank locations.

·         HDFC Bank eases out collections of fees, donations etc. From any institution through different online modes by linking the Institutional Saving Account with HDFC Payment Gateway, POS Terminals, Payment Kiosk etc.

·         It also facilitates with features and benefits of Netbanking, PhoneBanking, MobileBanking to make your banking procedures easier.

·         Khadi and Village Industries Board.

·         Agricultural Procedure Market Committees.

·         Societies that are registered under the Societies Registration Act 1860 or any other corresponding law in force in a State or a Union Territory except societies registered under the State Co-operative Societies Acts and specific state enactment creating Land Mortgage Banks.

·         Companies that are goverened by the Companies Act, 1956 which has been licensed by the Central Government under the Section 25 of the said Act or under the provision in the Indian Companies aAct, 1913 and permitted, not to add ‘limited’ ore ‘private limited’ with the companies name.

·         Government Departments / bodies / agencies in respect of grants / subsidies released for implementation of various programmes / Schemes sponsored by Central Government / State Governments subject to production of an authorization from the respective Central / State Government departments to open savings bank account.

·         Development of Women and Children in Rural Areas.

·         Self-Help groups,(registered or unregistered).

·         Farmers’ Clubs – Vikas Volunteer Vahini – VVV.