HDFC Bank Ltd.

HDFC Bank has blocked its credit, debit and prepaid cards towards purchase or trading of bitcoins, cryptocurrencies and virtual currencies.

The Bank has taken this step as there are increasing global apprehensions regarding such instruments and the Reserve Bank of India (RBI) has also cautioned regarding the potential economic, operational, legal and security related risks associated in dealing with such currencies.

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.