HDFC Bank gives you an opportunity to make money; be your own boss and prosper

HDFC Bank will provide access to a holistic suite of services including banking accounts.

HDFC Bank on 4th December 2019 signed an MoU to promote and nurture startups in partnership with the Ministry of Electronics and IT (MeitY) Startup Hub. Photo: Reuters

Here is an opportunity presented by HDFC Bank that anyone who wishes to make money and be his or her own boss cannot afford to ignore it. HDFC Bank on 4th December 2019 signed a Memorandum-of-Understanding (MoU) to promote and nurture startups in partnership with the Ministry of Electronics and Information Technology (MeitY) Startup Hub (MSH). Through the MoU, startups enrolled with MeitY will have access to a holistic suite of services including banking accounts designed especially for Startups, advisory and mentorship programmes, as well as access to incubators to accelerate growth.

The Ministry of Electronics and Information Technology (MeitY), an executive agency of the Union Government, is responsible for IT policy, strategy and development of the electronics industry. The MoU was signed between Deepak Agarwal, CEO, Meity Startup Hub and Smita Bhagat, Country Head – Government and Institutional Business, E-Commerce and Startup, HDFC Bank, in the presence of senior Bank and MeitY officials.

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Speaking on the MoU, Bhagat said, “We firmly believe that for Startups to thrive, an ecosystem needs to be created where relevant stakeholders come together to be with them right from the start of their entrepreneurial journey and create solutions that evolve as the company grows. MSH too is driven by this belief. The MoU is a step towards a larger goal to encourage entrepreneurship and job creation.”

HDFC Bank has set up a smart solution called the SmartUp Program to assist startups realise their goals with financial tools, advisory services and technology. The Bank has developed a specialized end-to-end banking solution which includes corporate salary accounts (with no requirement of the minimum number of employees per startup), forex advisory services, payment and collections solutions & POS terminals at preferred rates and nodal accounts for market places among others. HDFC Bank also helps startups get listed on the BSE platform through an agreement with the exchange.

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