HDFC Bank Ltd.

HDFC Bank, the country’s second largest private sector bank has signed a memorandum of understanding (MoU) with the Indian Navy to offer Salary account to Navy personnel. As a part of the Defence Salary Account offering, Navy personnel, currently in service as well as retired, will get access to HDFC Bank’s world-class banking services and a suite of digital banking products, offering convenience and access. The initiative is part of a larger focus to serve people in uniform.

Indian Navy personnel having account in HDFC Bank will be able to avail a host of benefits including wide range of international debit and credit cards, concessional interest rates on loans, and free ATM transactions, among others. This is in addition to HDFC Bank’s powerful Netbanking portal and mobile banking app, which allows customers to perform over 205 and 85 different types of transactions, respectively.