HDFC Bank revamps Biz+ Current Accounts with four tiers

It offers businesses cash deposit limits, insurance, and special offers, amongst others.

HDFC Bank has launched its new Biz+ Current Accounts.

The reimagined suite of current account offerings are targeted for Indian businesses. Core benefits include cash handling services and dedicated bank/ relationship manager support.

For new current account customers, it incorporates business and payment protection insurance coverage for the first year.

The Biz+ Current Accounts now has a tiered structure, with four distinct variants.

Biz Lite+ Account is for businesses in the setup stage, offering free 6X cash deposit limit on account balance. It also offers up to 5% savings on tax payments, free shop and payment protection insurance, and monthly rental waiver on soundbox based on usage.

The Biz Pro+ Account, meanwhile, free 10X cash deposit limit on account balance, zero-collateral overdraft loan at special rates, as well as the insurance and waiver offered in the Lite+ account.

The Biz Ultra+ Account is for businesses in the ‘expansion stage’, with free 12x cash deposit limit on account balance, savings of up to ₹1.3 lakh annually with BizPower credit card, insurance, and special offers on banking services under the preferred program.

Finally, the Biz Elite+ account offers free 15x cash deposit limit on account balance, special offers under the imperial program, insurance, collections across 3,200 pin codes with HDFC Bank’s Cash Management Systems, and nil foreign bank charges on all overseas remittances.