Archives on June, 2016

HDFC Mobile Banking App for Apple Watch

Posted by Ronald Parker on June 6, 2016No Comments

HDFC (Housing Development Finance Corporation) is the second largest private sector bank in India in terms of assets. There are 4454 HDFC bank branches established across the country and providing financial support for their account holder. All the branches of HDFC bank are controlled and monitored by the RBI (Reserve Bank of India). Bank auditing will be conducted for all the banks by Reserve Bank. In order to make auditing process simple, RBI has issued unique 11 character IFS (Indian Financial System code) for all the branches. In both directing banking and internet banking, HDFC bank IFSC code is used for transferring fund between inter and intra banks.

HDFC Apple Watch App
HDFC bank introduced many online facilities, new android and apple applications to make customer banking safe, secure and convenient. Apple smartwatch will go on sale globally on April 24, 2016, and a watch will be available in India June and later. Recently, HDFC bank launches new mobile banking applications for Apple watch.

Nitin Chugh- HDFC bank Digital banking head said that they have started to develop an application for Apple smart watch when the watchkit released. He also said, they have included commonly banking facilities like utility bill payments, account statements, pre-paid mobile recharge, and requesting cheque books etc.

HDFC bank scored new record that “Bank which has the highest number of mobile banking transactions”. By considering this, HDFC planned to release new digit wallet at the beginning of this year and expected to launch in a month.

The basic price of this Apple smart watch starts from Rs.36,999 and they are going to include Apple watch edition version in the watch with a price of Rs.17.5 lakhs. Think how many people in India can buy this smartwatch.
HDFC is not only the banking sector which launched applications for Apple smart watch, ICICI bank also launched applications for both apple and android smartwatch.

This banking method is convenient for all. Using wearable device (Smart Watch) we can access and monitor our banking account. Hope that they will include Bank Branch locator in that app in future.