What is the full form of HDFC ?

Answer:

Hdfc Definition: HDFC Full Form: Housing Development Finance Corporation

Hdfc Description:
HDFC full form or meaning is Housing Development Finance Corporation.
HDFC stands for Housing Development Finance Corporation which is a leading private sector bank and housing Finance Corporation of India.
HDFC mainly provides housing loans to middle-class people and builders for the residential projects and the main objective of HDFC to develop the residential housing stock by the provision of housing finance in a strategic way that will grow homeownership in India.
The Housing Development Finance Corporation is one of the leaders in the Indian banking sector and finance market and has its headquarter in Mumbai, Maharashtra, India.
HDFC has been the largest private sector lender by assets in India.
HDFC bank has a diversified customer segment all over India as well as globally. One of the prime customer segments of the housing development finance corporation includes large corporates, Individuals, Financial institution among others.
The housing development finance corporation was first established in 1977 but it began working as a private sector bank in India in 1994.
HDFC was formed on 17 October 1977 as a public limited company and was promoted by the industrial credit and investment corporation of India.
HDFC presented loan linked deposit scheme in 1980 that described that one has to have a passbook account with HDFC to get the loan benefits.
The housing development finance corporation launched a non-resident certificate deposit scheme in 1981.
After four years HDFC introduced a home saving plan which allowed a person to get a housing loan at 8.5% interest rate in 1985.
HDFC introduced a service named Advanced processing facility (APF) that allow builders to provide financial service to individuals to buy the residence in their projects in 1986.
In 1989 HDFC introduced two types of loan – Home improvement loans (HIL) and home extension loans (HEL) to economically weaker sections.
HDFC became the HDFC bank on 30th August 1994. It was one of the first banks to receive an “in principle” approval from RBI. HDFC Bank was established by Aditya Puri.
In 1999 HDFC launched its website. In 2009-10 HDFC offered systematic saving plans with variable interest rate.
HDFC launched an online real estate portal in 2010-11 as well as a new subsidiary HDFC Education and Development Services Pvt for education loans.
HDFC has nearly 427 interrelated branches as well as three branch offices in London, Dubai and Singapore to provide