ANALYSIS OF VARIOUS SERVICES PROVIDED BY HDFC Bank
BY:NEHA JINDAL ROLL NO:-1208722 MBA(2nd year) SECTION - A
HDFC BANK
Housing Development Finance Corporation HDFC Bank was incorporated in August 1994 Among the first in new generation commercial banks Registered office in Mumbai, India Promoted by HDFC, the parent company Listed in NSE, BSE, NYSE(ADR)
BRANCH NETWORK
1416 branches 3382 ATM’s in the country 550 cities in India All branches are OLRT connected Representative offices in Hong Kong, NewYork, London & Singapore
BUSINESS PROFILE Major business key areas are: Wholesale banking services Retail banking services Treasury operations
OBJECTIVES OF THE STUDY
To know concept of Banking sector & explore various services provided by HDFC Bank To know which is the most popular scheme of the bank & promotional efforts adopted by HDFC bank. To know problems faced by customers. To find out awareness level & cause of dissatisfaction towards direct banking channels. To provide suggestions for improvement.
VARIOUS SERVICES OF HDFC BANK
SAVING ACCOUNT
Ragular saving account
Sweep-in account
Senior citizen account
CURRENT ACCOUNTS
Ragular current account
Premium current account
HDFC bank trade
HDFC bank plus
FIXED DEPOSITS
Simple FD
Super saver account
5 year tax saving FD
OTHER SERVICES ARE:
Loans Demat account Free 24 hours atm Phone banking Intercity/ inter branch banking Net banking Bill pay Debit cards
FINDINGS
People get attracted towards special offers while opening an account. Saving account is the most important product,next come FD then currently and lastly demat account. Super saving account is most important scheme in FD. ATM facility is mostly used among all banking channels. HDFC Bank is prefered the most because of facilities & better plans.
CONCLUSION HDFC bank is providing a number of products & services to its customers.As we have seen the features & benefits of these products & services.But the bank is facing compitition from both private & public sector banks.so bank should adopt promotional efforts & should improve its products and services so that it can exist in this compititive environment.