HDFC Bank Ltd. launched SmartUp, a first-of-its-kind dedicated solution for start-ups in Kolkata.
Launched in association with Nasscom, an IT and BPO industry body which is running the 10,000 Start-ups initiative, this solution is aimed at scaling up the start-up ecosystem in the country.
Key Points
SmartUp is HDFC Banks tailored solution to meet all the banking requirements of start-ups, and offers banking and payment solutions, along with advisory and forex services.
The benefits of SmartUp current account include—waiver of AMB (average monthly balance) for the first six months and extendable to 12 months, salary account for employees by waiving the minimum number of employees criteria, 'PayZapp' for business - a payment and collection solution and a dedicated relationship manager.
Accountholders can also get recommendations of a chartered accountant for tax, regulatory and compliance issues. They also would have the opportunity to showcase products on SmartBuy to 32 million HDFC Bank customers.
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