Questions and answers

What is DCD in HDFC bank?

What is DCD in HDFC bank?

. Dual Currency Deposit transaction (DCD), is the overall term used for the transaction where the Bank pays a premium in exchange for buying the option, while securing the deposit amount as collateral.

What is the full form of CBCI application in HDFC bank?

Certificate of the Business Continuity Institute. Business » Management. Rate it: CBCI.

What is POS RVSL?

Rvsl means Reversal. In a bank statement, it means certain charges have been reversed or credited back. Suggest new Rvsl Full Form.

What does CDM stand for on a bank statement?

Cash & Deposit Machine

Abbreviations on bank, credit card or utility statements
CDM Cash & Deposit Machine
CHG Charge
CHAPS or CHP Clearing House Automated Payment System

What is the minimum balance to maintain in HDFC Bank?

₹ 10,000
For regular savings accounts held in HDFC Bank’s metro and urban branches, the customer is required to maintain an average monthly balance of ₹ 10,000 to avoid penalty charges, according to the lender’s website – In semi-urban branches, an average of ₹ 5,000 is required.

What is the full form of DCD?

DCD Full Form

Full Form Category Term
Design Class Diagram Softwares DCD
Duty Cycle Distortion Electronics DCD
Direct Current Demagnetization (as Opposed To Alternating Current) Electronics DCD
Database Connection Details Database Management DCD

Who is owner of HDFC?

Housing Development Finance Corporation
HDFC Bank/Parent organizations

What is full form HDFC?

HDFC Bank Ltd Was incorporated on August 30 1994 by Housing Development Finance Corporation Ltd.

What is a POS bank transaction?

POS Debit means ‘Point of Sale’ in banking terms. A point of sale debit card transaction means that your debit card and PIN were used to make a purchase. A ‘DBT Purchase’ means that no PIN was required when either swiping or inserting your debit card for that purchase.

What is DC Intl POS TXN markup?

It is the foreign currency markup charges charged to your card for doing swiping your card at an International location. HDFC bank charges 3.5 of the transaction amount as a fee for using your debit card for a transaction in foreign currency.” Kindly explain this. Was this information helpful?

What is the full form of CDM?

CDM is termed as Cash Deposit Machine and sometimes people also refer to it as cash receiving machine. It is a terminal that helps us in depositing cash with the help of a machine without visiting a bank.

How can I access my HDFC bank account?

Choose from a wide range HDFC Bank’s Savings, Current, Salary & Rural Accounts. Our accounts allow you to access your bank anytime, anywhere through a wide network of branches and ATMs, and facilities like Netbanking, Phonebanking and Mobilebanking.

Why does HDFC securities have negative debit balance?

If fund holds could not be created in your bank account due to a shortfall of funds in your linked default bank account or some other technical reason, the debit balance will be displayed as negative Cash-n-Carry limits. Similarly, for outstanding sell positions, we will first attempt to create securities holds in your linked default demat account.

What can HDFC Securities Ltd do for You?

This will enable HDFC Securities Ltd to create holds on your bank account in the event of margin shortfall at the end of the day. 6. Off-market margin orders are not permitted.

What does 20CR balance mean in HDFC Bank?

Their job is to maintain 20cr balance for all their customers combined at all times. Balance means investment in some form or the other with HDFC. If they ask you for an “appointment”, it means that they are trying to sell you something. As a policy, I never buy financial services products because they do nothing.