18 May 2016 Current Affairs: HDFC Bank Ltd. on 16 May 2016 launched SmartUp solution. It is a first-of-its-kind dedicated platform for start-ups to fulfill all their banking needs.
The SmartUp is tailored to meet all the requirements of a start-up, offering banking and payment solutions, along with advisory and forex services.
It was launched in association with Zone Startups India, a start-up accelerator in Mumbai.
Zone Startups India is a collaboration between BSE Institute (a subsidiary of the Bombay Stock Exchange), Ryerson University’s accelerator Digital Media Zone, Ryerson Futures Inc. and Simon Fraser University.
Benefits of SmartUp include : Enhanced transaction limit with no minimum balance requirement for first six months.Customized Salary Account offering coupled with best-in class services and largest suite of product range.PayZapp for Business - for providing invoicing, delivery and collection solutions and secure money transfer.Dedicated Relationship Manager for taking care of all banking needs as well as investment advisory.Recommendation of a Chartered Accountant for Tax, Regulatory and Compliance issues
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