MoneyWorks4Me

HDFC Bank adds 2.5 lakh new customers through online facility

08 Jun 2020 Evaluate

HDFC Bank has added 2.5 lakh new customers in the last 40 days through an online facility which helps open savings accounts instantly. The account is created using a ‘limited know your customer (KYC)’ requirement provision, and the customer has a year’s time after the instant account opening to update full details. Most of the accounts which have been opened are from containment zones and red zones in metros and urban areas.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

Peers
Company Name CMP
HDFC Bank 717.00
ICICI Bank 1352.00
Axis Bank 1220.35
Kotak Mahindra Bank 409.60
Indusind Bank 957.60
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