HDFC Bank has joined three other companies in announcing bonus share distributions this week, marking a significant move for shareholders. The banking giant has declared a generous 1:1 bonus share ratio, with the record date set for August 26.

Bonus Share Details

HDFC Bank's bonus issue will provide shareholders with one new share for every existing share held. This move effectively doubles the number of shares for current investors without diluting their overall stake in the company. The record date of August 26 is crucial for determining eligibility for the bonus allocation.

Other Companies Announcing Bonus Shares

In addition to HDFC Bank, three other companies have announced bonus share distributions:

Important Notes for Investors

• All bonus issues announced are subject to shareholder approval.
• Under India's T+1 settlement cycle, investors must purchase shares at least one trading day before the record date to be eligible for the bonus allocation.

The announcement of bonus shares by these companies, particularly the substantial 1:1 ratio by HDFC Bank, is likely to generate increased interest among investors. Shareholders of these companies should mark their calendars and ensure they meet the eligibility criteria to benefit from these bonus issues.

HDFC Bank , one of India's leading private sector banks, has announced a scheduled system maintenance that will result in a temporary disruption of select banking services. The maintenance is set to take place from 11:00 p.m. IST on August 22 to 6:00 a.m. IST on August 23, lasting for a total of seven hours.

Affected Services

During the maintenance window, several key services will be unavailable to customers:

• Chat banking via WhatsApp
• SMS banking
• Customer care services, including:
  • Phone banking IVR
  • Email support
  • Social media support

Services Remaining Operational

HDFC Bank has assured that the following services will continue to function normally throughout the maintenance period:

• Phone banking agent services
• Net banking
• Mobile banking
• PayZapp
• MyCards

Purpose of Maintenance

The bank stated that this system maintenance is aimed at enhancing the overall banking experience for its customers. By conducting these regular updates and improvements, HDFC Bank seeks to ensure the reliability and efficiency of its digital banking infrastructure.

Customer Advisory

Customers are advised to plan their banking activities accordingly, taking into account the temporary unavailability of certain services. For any urgent banking needs during the maintenance window, customers can still access the operational services mentioned above.

HDFC Bank's proactive approach in communicating this planned maintenance demonstrates its commitment to transparency and customer service. By scheduling the maintenance during late night and early morning hours, the bank aims to minimize inconvenience to its customers while working on improving its systems.

As digital banking continues to evolve, such maintenance activities are crucial for banks to keep pace with technological advancements and maintain the security and efficiency of their services. HDFC Bank customers can look forward to potential improvements in their banking experience following this maintenance activity.