HDFC Bank Biz+ Current Account Suite for MSMEs
Why in the news
HDFC Bank brought out Biz+, current accounts built for small businesses, as it sharpens its MSME focus.
Key facts
- Product: Biz+ suite for micro, small and medium enterprises.
- Design: tailored by business size and stage, with dedicated services and simpler daily account handling.
- Add-ons: cash management, trade services, digital banking tools.
Why it matters
- MSMEs account for over 30% of GDP; competition for their accounts is rising.
- Matches RBI and government priorities on MSME inclusion and formalisation.
Exam angle
- HDFC Bank, Biz+, MSMEs, over 30% of GDP.