BANK-WISE
HDFC Bank
HDFC Bank Introduces Tailored Savings Accounts 'Max for Seniors' and 'Max for Her'
HDFC Bank has rolled out two customized savings account variants, 'Max for Seniors' and 'Max for Her', targeting senior citizens and women customers respectively.
Both account options provide a substantial debit card-linked accidental death coverage amounting to up to ₹3.19 crore alongside auto-sweep facilities.
The 'Max for Seniors' account includes cyber insurance protection up to ₹25,000 and an enhanced interest rate benefit of +0.5% on Fixed Deposits.
The 'Max for Her' variant offers a separate additional accident cover of up to ₹10 lakh, complementary health checkups, airport lounge passes, and a 50% discount on locker rentals.
Both account options provide a substantial debit card-linked accidental death coverage amounting to up to ₹3.19 crore alongside auto-sweep facilities.
The 'Max for Seniors' account includes cyber insurance protection up to ₹25,000 and an enhanced interest rate benefit of +0.5% on Fixed Deposits.
The 'Max for Her' variant offers a separate additional accident cover of up to ₹10 lakh, complementary health checkups, airport lounge passes, and a 50% discount on locker rentals.
Key Facts / Static GK
HDFC Bank MD & CEO: Sashidhar Jagdishan
HDFC Bank Headquarters: Mumbai, Maharashtra
HDFC Bank Tagline: We Understand Your World
HDFC Bank Headquarters: Mumbai, Maharashtra
HDFC Bank Tagline: We Understand Your World
Practice Quiz — 5 August 2026
Q1. Which of the following statements regarding the RBI's updated Bulk Deposit Interest Rate Directions 2026 is/are correct?
Answer: (B) Both statements I and II are correct — Statement I: The framework allows differential rates on bulk deposits based on LCR run-off rates from October 1, 2026. Statement II: Commercial banks and SFBs share a bulk deposit threshold of ₹3 crore, while RRBs have a threshold of ₹1 crore.
Q2. Under the revised CGSMFI 2.0 guidelines, what is the mandatory minimum combined allocation percentage of guarantee cover reserved for small and medium MFIs?
Answer: (C) 15% — Banks must now allocate at least 15% of the total guarantee cover under CGSMFI 2.0 to small and medium-sized MFIs, replacing the previous segregated structure of 5% and 10%.
Q3. Which agency constructed the new Income Tax Department office complex 'Aayakar Sindhu' inaugurated in Mumbai?
Answer: (B) Central Public Works Department (CPWD) — The 'Aayakar Sindhu' office complex in Nariman Point, Mumbai, was constructed by the Central Public Works Department (CPWD).
Q4. Which Non-Banking Financial Company (NBFC) has partnered with Flipkart as the principal lending partner for 'Flipkart Pay Later'?
Answer: (B) PayU Finance — PayU Finance, the NBFC arm of PayU, serves as the primary licensed lender for the Flipkart Pay Later digital credit solution.
Q5. Which founding document led to the formal establishment of the Arctic Council in 1996?
Answer: (B) Ottawa Declaration — The Arctic Council was officially established in 1996 through the adoption of the Ottawa Declaration.
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