Whole Sale and Retail Financing - Group 1 PDF

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Whole Sale and Retail Financing - Group 1...

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Wholesale and Retail Finance Facilitator: Dr. Chandan Das Gupta

Current Account – Wholesale and Retail Financing ICICI Bank

Smart Business Account 2.0 Ivy A unique Smart Business Account with exclusive benefits for high-end firms! It adapts to your business cycle and provides you with solutions that have a minimum Quarterly Average Balance (QAB) of Rs 10,00,000. Features and benefits  On the Quarterly Average Balance, there are no non-maintenance fees (QAB)  Anywhere free cash deposit of up to 6 times the maintained MAB or Rs 75 crore, whichever is smaller, is known as a dynamic cash deposit.  Anywhere in the country, you can get a free check collecting and payment.  Transactions such as Real-Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) are available for free.  Outward cheque returns, cheque leaves, branch transactions, and Demand Drafts (DDs)/Pay Orders are all unlimited (POs)  Business Gold Debit Card is provided free of charge.  If the user is transaction active on Digital Pack: either Corporate Internet Banking or InstaBIZ app and has done any two of the following transactions online, there is no QAB need for the first two quarters. Within two months of opening the account, you'll have GST payment, CMS, Debit Card (via POS), Connected Banking, and Bill Pay.  For every Rs 1 lakh in balance, you get 100 free IMPS transactions every month.  Asset-Linked - Lifetime Zero QAB as long as the account's EMI auto debit is enabled.  Connected Banking - Lifetime Zero QAB when connected banking throughput exceeds or equals Rs 25,000 for the quarter.

Smart Business Account 2.0 Platinum A Smart Business Account for high-end firms that reacts to your business cycle and provides you with solutions starting at Rs 5,00,000* Quarterly Average Balance (QAB). Features and Benefits  Anywhere free cash deposit of up to 12 times the maintained MAB or Rs 10 crore, whichever is smaller, is known as dynamic cash deposit.  Anywhere in the country, you can get a free check collecting and payment.  Transactions such as Real-Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) are available for free.  Returns on outgoing checks are unlimited.  For every Rs 1 lakh in balance, you get 150 free cheque leaves per month.  Every Rs 1 lakh of balance maintained entitles you to 200 free branch transactions every month.  Demand Drafts (DDs)/Pay Orders (POs) indefinitely (POs)  Business Gold Debit Card is provided free of charge.  If the user is transaction active on Digital Pack: either Corporate Internet Banking or InstaBIZ app and has done any two of the following transactions online, there is no QAB need for the first two quarters. Within two months of opening the account, you'll have GST payment, CMS, Debit Card (via POS), Connected Banking, and Bill Pay.  For every Rs 1 lakh in balance, you get 100 free IMPS transactions every month.  Asset-Linked - Lifetime Zero QAB as long as the account's EMI auto debit is enabled.  Connected Banking - Lifetime Zero QAB when connected banking throughput exceeds or equals Rs 25,000 for the quarter.

Smart Business Account 2.0 Gold

A Smart Business Account that responds to your business cycle and provides you with offerings starting at Rs 1,00,000* Quarterly Average Balance (QAB).

Smart Business Account 2.0 Silver A one-of-a-kind current account that responds to your business cycle. The free limitations are linked to the average balance you maintain in the account, giving you the needed flexibility. Maintain a minimum Quarterly Average Balance (QAB) of Rs 50,000* and receive a free cash deposit worth up to ten times the MAB.

Classic 2.0 A current account designed for small enterprises that enables seamless operations with a minimal Quarterly Average Balance (QAB) commitment of Rs 25,000.

RCA Standard A minimum monthly average balance (MAB) of Rs 10,000 is required. Online RTGS and NEFT transactions are free, as well as check collection and payment anywhere in the country. M2O Customize your Current Account to meet your specific business requirements! The ICICI Bank Made to Order Account (M2O) is a customised account designed with transactions specific to your business in mind. M2O allows you the freedom to select the services that are most relevant to your company's needs. For M2O current account, the minimum MAB required is Rs. 3,00,000. Features and benefits  The ability to choose the MAB on a whim  Flexibility in selecting on a higher level of free time Limitations in services that are regularly used  Limits on DD/Pay Orders that are customized  Cash deposit limitations are flexible at both base and non-base branches.  Charges and free limits that are tailored to the services that are used often  The ability to choose from a variety of free check leaves

Additional Features Anywhere deposit and withdrawal multi-location fund transfer Banking on the go Banking on the Internet Banking over the phone Statement sent by e-mail every day

HDFC Bank HDFC Bank has a Current Account to satisfy the needs of any business, whether it's a huge corporation, a small business, a charitable trust, a housing society, a hospital, or a professional. Max Advantage Current Account • •

Dynamic Pricing ensures cost-efficiency at all times with increase in value Deposit and withdraw cash up to 12 times current month AMB at any HDFC Bank branches • Unlimited Free NEFT/RTGS/IMPS Market – Open Ended (resident individuals to public limited companies) Ascent Current Account •

Dynamic Pricing ensures cost-efficiency at all times with increase in value Deposit & Withdraw cash up to 10 times current month AMB at any HDFC Bank branches • Issue 30 DDs/ POs month free for every 1 lac of balance maintained Market – Open Ended (resident individuals to public limited companies) Active Current Account • •

Dynamic Pricing ensures cost-efficiency at all times with increase in value Deposit & Withdraw cash up to 10 times current month AMB at any HDFC Bank branches • Issue 30 DDs/ POs month free for every 1 lac of balance maintained Market - Retail Business Customers/Merchant Segment Plus Current Account •

Deposit up to Rs. 10 lakh cash free per month OR 50 txns (whichever is breached first) at HDFC Bank Home Branches • Withdraw up to Rs. 1 lakh a day at HDFC Bank Non-Home Branches • Issue 50 DDs and 50 POs a month free from any HDFC Bank branch Market – Individuals running large retail outlets Premium Current Account • • •

Deposit up to 3 lakhs cash free per month OR 25 txns (whichever is breached first) at HDFC Bank Home Branches Withdraw up to Rs. 25,000 cash per day at HDFC Bank Non-Home Branches Get 100 free payable at par cheque leaves per month

Market - corporates, businessmen, traders, entrepreneurs, and individuals

Regular Current Account •

Deposit up to 2 lakhs cash free per month OR 25 txns (whichever is breached first) at HDFC Bank Home Branches • Free local/intercity cheque collection & payment within HDFC Bank Branch locations • Get instant alerts on your transactions through our Insta Alert service Market – Small Business Owners SmartUp for Start-ups • • •

Get a choice of 3 product variants as per your requirement Get a platform to showcase your products and accelerate your growth Get access to value-added initiatives to enable your entrepreneurship journey through cost savings, access to business and / or fund raise opportunities Market –StartUp Owners Saksham Current Account •

Zero Non-Maintenance charges for 2 calendar half years (including account opening year) • Deposit cash up to 50 lacs OR 50 txns per month (whichever is breached first) at HDFC Bank branch in your city • Withdraw cash up to 1 lac per day FREE at HDFC Bank Non-Home Branches Market - Small Business Owners Business Solutions for E-Commerce Industry • •

E-Commerce Current Account for all your business-related needs Nodal Account to manage your aggregator business effectively and seamlessly without any cost. • PPI Escrow Account for your online wallet business offering seamless flow of payment to merchants through ERP integration • Host of Value added services to manage your Online Business Market – E-Commerce Industry Current Account for Professionals •

Free Cash Deposits up to Rs. 10 lakhs per month OR 25 txns (whichever is breached first) at HDFC Bank Home Branches. • Free local/intercity cheque collection & payment within HDFC Bank Branch locations.  Issue 30 DDs and 30 POs a month free from any HDFC Bank branch Market – Business Professionals

Agri Current Account • Deposit up to 10 lakhs cash free per month OR 25 txns (whichever is breached first) at HDFC Bank home branches • Withdraw cash free at home branches • Free local/intercity cheque collection & payment within HDFC Bank Branch locations. Market – People in the agri industry Institutional Current Account • •

No need to maintain balance in this account Free Cash Deposits up to 50 lakhs per month OR 50 Txns (whichever breached first) across all HDFC Bank Home Branches • Issue Unlimited Free Demand Draft (DD) & Pay Orders (PO) payable at all HDFC Bank Locations Market -trusts, associations, non-governmental organisations, and other similar institutions. RFC Domestic Account • Open your RFC account in three currencies – USD, EUR, GBP • Retain foreign exchange in the currency you earn it in • Enjoy preferential rates when you convert to local currency Market – Individual level account, resident Indians Exchange Earner’s Foreign Currency Account • Open your EEFC account in multiple currencies • Retain foreign exchange in the currency you earn it in • Enjoy preferential rates when you convert to local currency Market – Foreign Exchange Earners including exporters

Savings Account A savings account is an interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay a modest interest rate (3-3.5% in India) their safety and reliability make them a great option for parking cash you want available for shortterm needs. ICICI Bank ICICI Bank offers different savings accounts for different types of investor needs. Instant saving account The Insta Save Account is a Savings Account that can be opened online. It is an instant savings account which is Aadhaar-based, for customers over 18 years on age that want to open an Insta Savings Account. Head Service can be availed MAB NMMAB Transaction Charges (withdrawal)

Information Anyone with age >18, Indian Individual Rs. 10,000 Rs 100 + 5% of shortfall 1) There is a number limit (Sum total of deposits and withdrawals) Per month, you are entitled to four free cash transactions. Charges for transactions that exceed the free limits are Rs 150 per transaction. 2) Amount Limit (Sum total of deposits and withdrawals) Both house and non-home branch transactions are included in the value limit. a) The Main Branch (Branch where account is opened or ported) 2 lakh rupees Per month, each account is free. Above Rs 2 lakh, the rate is Rs 5 every Rs 1,000, with a minimum of Rs 150. b) Off-campus branch – For cash transactions up to Rs 25,000 per day, there are no fees. Above Rs 25,000, the rate is Rs 5 every Rs 1,000, with a minimum of Rs 150. 3) Cash transaction with a third party (total of deposits and withdrawals) – Rs 150 per transaction up to a limit of Rs 25,000 per day.

Additional Transaction (cash)

It is not permitted to spend more than Rs 25,000. In case of non-maintenance of the applicable minimum Monthly Average Balance (MAB) stipulated in the terms and conditions applicable to your account, all free cash transactions at ICICI Bank branches or cash deposits made at ICICI Bank Cash Recycler Machines will be charged at Rs 100 (per transaction) for the first two transactions and Rs 125 (per transaction) for any subsequent transaction. This charge will be in addition to the non– maintenance of MAB costs specified in the account's terms and conditions.

Documentation 1. Proof of Identity and Address 2. Passport Voter ID ob card issued by the National Rural Employment Guarantee Act (NREGA), signed by a State Government Officer Letter from the National Population Register Proof of possession of a complete Aadhaar number 3. The PAN Card, which was issued in India, is no longer considered a valid form of identification. 4. Proof of Communication Address If the above proof of address does not include a communication address, the following documents might be used as evidence of address. In such circumstances, the customer must update the Officially Valid Documents (OVD) with a communication address within three months after creating the account and submit it to the Bank.  Utility bill (no more than 2 months old) (electricity, telephone, post-paid mobile phone, piped gas, water bill).  A property tax bill or a municipal tax receipt that is less than a year old.  State or federal government departments, statutory or regulatory authorities, public sector undertakings, Scheduled Commercial Banks, financial institutions, and publicly traded companies may issue a letter of allotment for housing.  Any of the above employers can offer you a leave and licence agreement. The customer's name must be listed as the employee on the contract.  If the order contains the address, it is a pension or family pension payment order issued by Government departments or Public Sector undertakings to retired personnel. The ONE’ Savings Account The ONE Savings Account is aimed at benefitting high income or Net-worth individuals looking to gain better and premium features from their bank account. This Savings Account can help such individuals make smart investments to secure their family’s future. Advantage Woman Aura Savings Account

Advantage Woman Aura Savings Account aims to help working women fuel all their aspirations and needs. This women’s Savings Account comes with a number of unique offers, such as housing convenience, shopping, travel, knowledge enhancement and more. Head Service can be availed MAB NMMAB Transaction Charges (withdrawal)

Information Women >18, Indian Individual Rs. 10,000 Rs 500 or 6% of shortfall – whichever is lower 1) There is a number limit (Sum total of deposits and withdrawals) Per month, you are entitled to four free cash transactions. Charges for transactions that exceed the free limits are Rs 150 per transaction. 2) Amount Limit (Sum total of deposits and withdrawals) Both house and non-home branch transactions are included in the value limit. a) Rs 1 lakh free per month per account at the home branch (branch where the account is started or migrated). Above Rs 1 lakh, the rate is Rs 5 every Rs 1,000, with a minimum of Rs 150. b) Non-Home branch: There are no fees for cash transactions up to Rs 25,000 per day. Above Rs 25,000, the rate is Rs 5 every Rs 1,000, with a minimum of Rs 150.

Additional Transaction (cash)

Proof of Identity and Address 1. Passport

3) Cash transaction with a third party (total of deposits and withdrawals) - up to a limit of Rs 25,000 per transaction – Rs 150 per transaction. In case of non-maintenance of the applicable minimum Monthly Average Balance (MAB) stipulated in the terms and conditions applicable to your account, all free cash transactions at ICICI Bank branches or cash deposits made at ICICI Bank Cash Recycler Machines will be charged at Rs 100 (per transaction) for the first two transactions and Rs 125 (per transaction) for any subsequent transaction. This charge will be in addition to the non– maintenance of MAB costs specified in the account's terms and conditions.

2. Voter ID 3. ob card issued by the National Rural Employment Guarantee Act (NREGA), signed by a State Government Officer 4. Letter from the National Population Register 5. Proof of possession of a complete Aadhaar number 6. The PAN Card, which was issued in India, is no longer considered a valid form of identification. Proof of Communication Address If the above proof of address does not include a communication address, the following documents might be used as evidence of address. In such circumstances, the customer must update the Officially Valid Documents (OVD) with a communication address within three months after creating the account and submit it to the Bank.  Utility bill (no more than 2 months old) (electricity, telephone, post-paid mobile phone, piped gas, water bill).  A property tax bill or a municipal tax receipt that is less than a year old.  State or federal government departments, statutory or regulatory authorities, public sector undertakings, Scheduled Commercial Banks, financial institutions, and publicly traded companies may issue a letter of allotment for housing.  Any of the above employers can offer you a leave and licence agreement. The customer's name must be listed as the employee on the contract.  If the order contains the address, it is a pension or family pension payment order issued by Government departments or Public Sector undertakings to retired personnel. Seniors Club Savings Account Avail of our Senior’s Club Savings Account to get more returns on savings, more banking convenience and more benefits. Your life after retirement will be truly enriched after applying for this account. Young Stars Savings Account The Young Stars Savings Account is a great Savings Account for kids that helps parents plan and balance their children’s needs with ease. A parent or a guardian only needs a minimum amount of Rs 2,500 to get started and open up a world of possibilities for their kids.

HDFC Bank The idea behind a Savings Account is to encourage thrift or the habit of saving a portion of one's income. You can apply online to open a Savings Account with HDFC Bank and benefit from the wide range of features and exclusive deals that come along with the different variants.

Types of saving account

Specialé Gold and Specialé Platinum 1. 2. 3. 4.

Enjoy premium lifestyle benefits Get better healthcare and insurance cover Avail preferential pricing on Lockers, Demat and Trading account Enhanced transactional limits

Super Kids Savings Account 1. Get Free Rupay Kids Debit Card for children with guardian consent 2. Get free education insurance cover of ₹ 5 lakh 3. Get free unlimited number of ATM transactions Women's Savings Account 1. Get EasyShop Woman’s Debit Card for all your spending needs 2. Earn up to ₹ 1 cash back on every ₹ 200 spent 3. Enjoy Up to 3.5% lower interest rate on two-wheeler loan Regular Savings Account 1. Get a free personalised chequebook 2. Choose Millennia Debit Card or MoneyBack card.an International Debit Card that suits your needs 3. Pay your bills safely and conveniently with BillPay service SavingsMax Account 1. 2. 3. 4.

Earn higher interest on idle money with automatic sweep-in facility Lifetime Platinum Debit Card Be safe with accident hospitalization cover of ₹ 1 lakh Get free unlimited number of cash withdrawals at ATMs

DigiSave Youth Account 1. Digital Platforms for all your needs 2. First year free MoneyBack Debit card 3. Round the year offers on all categories Senior Citizen's Account 1. Get accident hospitalisation reimbursement cover of ₹ 50,000 per annum 2. Claim a daily cash allowance of ₹ 500 per day for 15 days hospitalization 3. Enjoy Preferential rates on fixed deposits (FDs) Kids Advantage Account

1. Get International Debit Card for children with guardian consent 2. Get free education insurance cover of ₹ 1 lakh 3. Build up a future fund with ₹ 1,000 every month

Institutional Savings Account 1. Manage donations and fees through Cash Management Services 2. Link account to HDFC Bank payment gateway easy collection 3. Simplify payments to employees, vendors, etc. by going online Basic Savings Bank Deposit Account 1. Enjoy a zero balance savings account 2. Avail of a free Rupay Card to access your account 3. Get 4 free cash withdrawals at branch per month Government Scheme Beneficiary Savings Ac...