HDFC Bank Divests 100% Stake in HDFC Edu for ₹192 Crore
HDFC Bank has introduced GIGA, a new suite of financial products and services specifically designed for gig workers and freelancers in India. The initiative aims to cater to an estimated 30-50 million gig workers across various job sectors, from white-collar to pink-collar roles. The new offerings include a range of financial tools such as savings and current accounts, debit and credit cards, health insurance, flexible investment options, and customized asset products.
Flexible Savings Account: Gig workers can choose between a quarterly balance of Rs 10,000 for urban areas or Rs 5,000 for rural areas. The GIGA Savings Account also features a business debit card with accelerated cashback and complimentary personal accidental death coverage of up to Rs 10 lakh.
GIGA Business Credit Card: This card provides an interest-free credit period of 55 days and includes an accelerated rewards program. It offers exclusive deals on co-working spaces, upskilling courses, book-keeping, health & wellness, and gig platform memberships.
Health Insurance: Health coverage is available for gig workers and their families at premiums starting as low as Rs 20 per day, provided through HDFC Ergo.
Specialized Retail Asset Products: GIGA includes various asset products like collateral-free business loans, car loans covering up to 100% of the on-road value, two-wheeler loans, and gold loans with faster disbursement.
Flexible Investment Options: Through HDFC AMC, freelancers can invest according to their available funds with adjustable plans, offering more flexibility than traditional SIPs.
SmartHub Vyapaar Solution: This digital payment solution supports a wide range of payment modes for domestic collections, featuring an instant onboarding process to streamline payment management for freelancers.
Razorpay Partnership: Enables gig workers to collect digital payments from domestic and international customers seamlessly.
Payoneer Partnership: Allows freelancers to accept payments in 11 major currencies from clients and marketplaces across over 190 countries and territories, enhancing their ability to operate globally.
The central government set to strengthen the local self-government in Ladakh has received positive response…
As India's digital financial ecosystem continues to expand rapidly, cyber threats are becoming more sophisticated,…
As artificial intelligence (AI) is growing faster than before, but the ability to monitor and…
The procedure for the allocating of Tariff Rate Quota (TRQ) allocations has been formally announced…
For Gujarat agriculture sector, Geographical Indication (GI) tag awarded to Unjha cumin (Jeera) and Unjha…
The Government of India has renamed the Central Vista redevelopment area as the Kartavya Bhawan…