HDFC Bank to expand SmartUp zones in Bengaluru

BENGALURU: After a year of launching dedicated zones exclusively for startups in Bengaluru, HDFC Bank is expanding its SmartUp zones across niche branches in the IT capital following in the footsteps of RBL and SBI who launched dedicated branches last year.

More than 35% of all the startup accounts opened after SmartUp launch and are based in Bengaluru, said HDFC Bank in a statement.

It will also be launching the service in 65 branches across 30 cities including states like Bihar, UP and in the North-East region. These zones will exclusively cater to startup requirements including legalities and other compliances and speed up the overall process for the companies by specially trained staff.