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HDFC Bank Ltd.
HDFC Bank House,
Senapati Bapat Marg,
Lower Parel,
Mumbai - 400 013.
HDFC Bank signed MoU with Himachal Pradesh government
 First-of-its-kind initiative to enable quick and easy payment of
Property tax through HDFC Bank’s Payment gateway
 HDFC Bank also enables booking hotel room and Volvo bus ticket
online
Shimla (Himachal Pradesh), November 19, 2015: HDFC Bank signed MoU with the
Department of Urban Development, Department of Town & Country Planning of the state
of Himachal Pradesh and the state-run Himachal Pradesh Tourism Development
Corporation (HPTDC).
Going forward residents of Himachal Pradesh will be able to make their property tax
payments online in a quick and convenient manner. It will also allow people who have
moved out of the city to make their payments in a timely manner from the comfort of their
homes or offices and also book HPTDC hotel rooms using any debit card, credit card, or
netbanking facility.
As part of the MoU signed with the department of the Urban Development, the department
will use HDFC Bank payment gateway for online collection of House-Property Tax and
Water bills for all the Urban Local Bodies (ULBs) in the state.
Similarly, the department of Town & Country Planning will use HDFC Bank Payment
gateway for online collection of fees and other receipts for all the planning areas in the
state.
As part of the MoU with the state’s Tourism Development Corporation, HDFC Bank will
provide Point-of-Sale terminals at hotels, Smartbuy for selling/hosting hotel room and
Volvo bus tickets, Payment gateway for making online booking, and PayZapp integration
with the mobile app of the HPTDC.
The service was officially launched today in the presence of Ms. Manisha Nanda,
Additional Chief Secretary, Capt. JM Pathania, Director - Urban Development, Mr.
Sandeep Kumar, Director - Town and Country Planning of the Himachal Pradesh
government and Mr. Navin Puri, Country Head - Branch Banking, HDFC Bank. Other
senior officials also present were Mr. Govind Pandey, Branch Banking Head - North,
HDFC Bank, and Mr. Harvinder Atma, Regional Head, HDFC Bank.
Speaking about the MoU with HDFC Bank, Ms. Manisha Nanda, IAS, Additional Chief
Secretary, Govt of Himachal Pradesh, said “This initiative will help fast-track the payments
of all taxes including property tax and reduce the outstanding dues that have not been
NEWS RELEASE
HDFC Bank Ltd.
HDFC Bank House,
Senapati Bapat Marg,
Lower Parel,
Mumbai - 400 013.
paid on account of the inability of the tax-payer to physically make the payment. This is a
significant step in the evolution of payment of government taxes in the district.”
Speaking on the occasion, Mr. Navin Puri, Country Head - Branch Banking, HDFC Bank
said "The Himachal Pradesh government has achieved a unique distinction by becoming
the first to enable electronic payment of property tax. At HDFC Bank, we feel privileged to
be chosen as a partner to implement this initiative. The Bank offers a full range of products
and services to meet the needs of every customer in Himachal Pradesh through multiple
channels. Today we are reaching out to even more people in the state and making a
difference in their lives by offering them increased convenience and flexibility to pay
government taxes."
HDFC Bank has 67 branches in the state of Himachal Pradesh with 94% of its branches in
semi-urban and rural area. At a national level, HDFC Bank has 56% of its branches in
semi-urban and rural areas and is continuously extending its reach in the hinterland in its
endeavor to support inclusive growth. As of September 30, 2015, the Bank had a
distribution network with 4,227 branches and 11,686 ATMs in 2501 cities.
The Bank offers products ranging from Savings Account, Fixed Deposits and Current
Account to Two-wheeler loan, Auto loan, Tractor Loan, Commercial Vehicle Loan, Kisan
Gold Card, Agri and Commodities Loans, International Credit and Debit Cards.
NEWS RELEASE
HDFC Bank Ltd.
HDFC Bank House,
Senapati Bapat Marg,
Lower Parel,
Mumbai - 400 013.
About HDFC BANK
Promoted in 1995 by Housing Development Finance Corporation (HDFC), India's leading housing finance
company, HDFC Bank is one of India's premier banks providing a wide range of financial products and
services to its 32.6 million customers across hundreds of Indian cities using multiple distribution channels
including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking. Within a
relatively short span of time, the bank has emerged as a leading player in retail banking, wholesale banking,
and treasury operations, its three principal business segments.
The bank’s competitive strength clearly lies in the use of technology and the ability to deliver world-class
service with rapid response time. Over the last 20 years, the bank has successfully gained market share in
its target customer franchises while maintaining healthy profitability and asset quality.
As of September 30, 2015, the Bank had a distribution network with 4,227 branches and 11,686 ATMs in
2,501 cities/towns.
For the quarter ended September 30, 2015, the Bank’s total income was INR 173.24 billion (`17324.3 crore)
as against INR 138.94 billion (`13, 894.7 crore) for the quarter ended September 30, 2014. Net revenues (net
interest income plus other income) were INR 92.32 billion (`9,232.7 crore) for the quarter ended September
30, 2015, as against INR 75.58 billion (`7,558.1 crore) for the corresponding quarter of the previous year. Net
Profit for the quarter ended September 30, 2015, was INR 28.69 billion (`2,869.5 crore), up by 20.5% over
the corresponding quarter ended September 30, 2014.
Total income for the year ended March 31, 2015, was INR 574.66 billion (`57,466.3 crore).
Leading Indian and international publications have recognised the bank for its performance and quality.
For more information please log on to: www.hdfcbank.com
For media queries please contact:
Rajiv Banerjee
Vice President, Corporate Communications
HDFC Bank Ltd., Mumbai.
Tel: 91 - 22 - 6652 1307 (D) / 6652 1000 (B)
Fax: 91 - 22 - 2490 3168
Mobile: 09920454102
rajivshiv[email protected]m