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What is difference between HDFC Bank and HDFC?
Housing Development Finance Corporation Limited (HDFC) is an Indian financial services company based in Mumbai, India….Housing Development Finance Corporation.
| Type | Public |
|---|---|
| Total equity | ₹156,351 crore (US$21 billion) (2021) |
| Number of employees | 3,226 (2021) |
| Subsidiaries | HDFC ERGO HDFC Life HDFC Mutual Fund HDFC Credila |
| Website | www.hdfc.com |
What does HDFC Asset Management do?
WHAT IS HDFC AMC? HDFC Asset Management Company is a joint venture between Housing Development Finance Corporation Limited (“HDFC”) and Standard Life Investments Limited (“SLI”). They manage mutual funds and most of their revenue comes from the fee they charge their clients to manage these funds.
Is HDFC better or Axis Bank?
Both Axis Bank and HDFC Limited follow the same formula when it comes to ascertaining the loan amount. But, in terms of interest rates, HDFC is a better option as its highest rate is 8\%. Whereas, Axis Bank Home Loan Interest rates are can go upto 8.55\%.
Which type of HDFC Bank is?
HDFC Bank
| Type | Public |
|---|---|
| Industry | Financial services |
| Founded | August 1994 |
| Headquarters | Mumbai, Maharashtra , India |
| Area served | India |
Is HDFC Life a good investment?
The highlight of this plan is the extremely low level of charges, comparable with the mutual fund industry. Being a unit linked plan, it offers good growth potential if invested over a long period of time. All these factors make it a good investment cum insurance product which offers tax savings also.
Is HDFC AMC and HDFC mutual fund same?
HDFC Asset Management (HDFC AMC) is the investment manager to HDFC Mutual Fund (HDFC MF) the largest mutual fund in India with total AUM of Rs. 343938 Crore as of March 31 2019. The Company is a subsidiary of Housing Development Finance Corporation Limited. …
What is the minimum balance in HDFC account?
For urban and metro branches, the minimum average balance is Rs. 10,000. For rural and semi-rural branches the minimum average balance is Rs. 5,000.
What is the difference between HDFC Bank and HDFC Ltd?
Hdfc Bank is a ful fledged bank which deals in all banking products like deposits, loans, cards , trade fx, etc, whereas HDFC Ltd is a nbfc dealing only in mortgage loans like home loan, LAP et 8 clever moves when you have $1,000 in the bank.
What is the parent company of HDFC Bank?
HDFC Ltd is the parent company of HDFC Bank and there are many like HDFC Bank under the umbrella.
How to open a new savings account in HDFC Bank?
Opening a new Savings Account is also easy and can be done almost instantly thanks to HDFC Bank InstaAccount process (App + Web), which provides a fully digital banking experience. This new account has both HDFC Bank NetBanking and MobileBanking enabled from the outset and lets you withdraw cash without a Debit Card.
Is hdhdfc good for home loan?
HDFC Ltd is a mono-line Non Banking Finance Company which provides housing loans. It is one of the most respected Institutions in India and is well known of its service standards, governance and performance.