Country’s second largest private sector lender HDFC Bank launched a dedicated product for start-ups which will offer banking, payments and forex services.

The product’s features include enhanced transaction limits with no minimum balance requirement for the first six months, customised salary accounts and a dedicated relationship manager, the bank said in a statement.

Launched in association with the start-up accelerator Zone Startups India, it also offers support for foreign trade and remittances services, Payzapp for business, recommendation of a chartered accountant to take care of tax, regulatory and compliance, it said.

It can be noted that following the launch of the Startup India initiative by the Government in January, the banks have come out with special offerings for the entrepreneurs.

 Source: The Economic Times