What Is The HDFC Bank Credit Card Family And Who Is HDFC Bank?

If you haven't heard about the HDFC Bank credit card family, you might not be aware of the many choices in credit cards they offer. The HDFC Bank credit card family includes a variety of commercial cards, including purchase and distributor cards for paying business expenses, but the wide array of personal credit cards offers unmatched spending power because they can be custom-tailored. Visa Signature Chip cards, World MasterCard and the Woman's Gold Card are just a few of the many choices in Platinum, Gold, Silver and Titanium products. But just who is HDFC Bank?

HDFC Bank was derived from the Housing Development Finance Corporation Limited, which was one of the first candidates that were granted approval to set up a private sector bank under the Reserve Bank of India deregulation. When the RBI deregulated the Indian Banking Industry in 1994, the HDFC Bank Limited was incorporated and registered in Mumbai, India. By January of 1995, they were in operation as a Scheduled Commercial Bank. The HDFC Bank credit card family is only part of the services that are offered by the AAA-rated banking conglomeration. With a deposit program that is CARE rated AAA and a Fitch rating of AAA, they have obtained ratings that are the highest assigned by these rating agencies.

With the HDFC Bank credit card programs, families can take vacations, businesses can track and pay expenses or those with special credit needs can find a secure "chip-implanted" credit card for security. The nationwide network of 1,725 branches and 5,016 ATMS in 780 Indian towns and cities offers convenient options for those that visit the country, but what if you don't live in India?

If you are looking to invest your money, there are fixed deposits, mutual funds, portfolio investment services, private banking and with the online services, it is possible to send money to India and invest in HDFC Bank. Credit card accounts are only part of the business and personal services they offer because financial services subsidiaries include HDFC Securities, HDFC Mutual Fund, HDFC Standard Life and HDFC General Insurance. You can access the HDFC Group websites online, but the registered address of Mumbai, India has become a location that is synonymous with wealthy investment from all over the world.

What some consumers might not know is that you can get your new or used car loan approved in 3 hours. Besides the HDFC Bank credit card family, there are options for a Current account, Demat account, educational loan, new home loan, two wheeler loan, life insurance and other personal financial planning tools. While more people are looking at the options that foreign banks offer for high yield on savings depository accounts, there are online trading account options, besides NRO savings and NRE savings account options.

You might be wondering how a foreign bank can offer such a wide array of products and certainly, the wide variety of HDFC Bank credit card choices are more than you will find almost any other place. Each one has different characteristics, but they are designed to offer flexibility in personal choice and spending ease.


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