HDFC Bank begins SmartUp for start-ups in Kolkata

HDFC Bank Ltd on Friday launched SmartUp, a first-of-its-kind dedicated solution for start-ups in Kolkata. SmartUp is HDFC Bank’s tailored solution to meet all the banking requirements of start-ups, and offers banking and payment solutions, along with advisory and forex services. 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.

In a function organised at the Salt Lake, SmartUp for start-ups was launched by Branch Banking Head – East AtulBarve and Nasscom Head – East Ravi Ranjan. SmartUp was earlier launched in Mumbai in partnership with Zone Start-ups India.

This initiative is part of a larger effort by HDFC Bank to create an ecosystem to nurture the spirit of innovation and enterprise in the start-up space. The benefits of SmartUp include, enhanced transaction limit with no minimum balance requirement for first six months, customised salary account offering coupled with best-in-class services and largest suite of product, PayZapp for Business - enabling requesting and receiving payments on the go,          SmartHub payment acquiring solutions - Single platform for collections through multiple online and offline modes (Payment Gateway , POS, mPOS, QR codes, Wallet etc.)

Dedicated relationship manager will be taking care of all banking needs as well as investment advisory. Chartered accountant will be available for recommendation for tax, regulatory and compliance issues. Also end to end support for all foreign trade and remittances services with respect to regulatory guidelines and special exchange rates is on the card. The bank will provide opportunity to showcase products on SmartBuy to over 37 million customers.

“SmartUp for start-ups is a complete banking solution created by HDFC Bank. It not only provides the basic banking transactions, but also valuable services like advisory services, forex and payment solutions,” Barve said.