Jan 21, 2005 10:21 AM
2078 Views
(Updated Jan 21, 2005 10:21 AM)
HDFC is one of the better banks around. It actually started as a housing finance corporation, and it retains the name still: Housing Development Finance Corporation.
It is a pioneer in housing finances, and people who have availed their home loan services are more or less satisfied. It came to banking business much later. And when it came, it came with a bang.
I have an account with them for more than 5 years now, and my experiences with them have been mostly positive.
Account Opening:- Hassle free. Just a photograph and a few formalities, and I was through. The charges were told to me clearly. A lot of people have complained that there are certain hidden charges, and those are not clearly communicated. While I agree that this can indeed be the case, in my case, it was not so.
Actually, it all depends on whom you are interacting with. No matter what technology they use, it is the people who implement technologies, not technologies implement people. Discipline and goodness of character comes before technology.
Area of improvement can be personal loans. Their personal loans fees/interests are higher than the market rate. Signature verification charges are Rs 100/- That also needs some reduction.
