HDFC Bank Scholarship

No one would have imagined a situation where a virus will change the lives of millions globally. The coronavirus impact was everywhere and in every field. Office halls were empty and working from home became the new normal. While the world was just adopting the new normal, India was hit by the second wave. Many children lost either one or both of their parents. Various schemes were launched by the government in the previous months to support these children financially. HDFC Bank scholarship for all students affected by Covid- 19. The scholarship is a part of “Parivartan” which is HDFC’s umbrella for its social responsibility program. Continue reading to know more about HDFC Parivartan Scholarship.

Also Read: HDFC Education Loan

Also Read: Education Loan Scheme by Narendra Modi

About HDFC Scholarship 2023 – 24

Students in schools, undergraduate, postgraduate, and diploma-level courses are eligible for this scholarship. HDFC Bank aims to help students with one-time financial assistance. The scholarship will range from ₹15,000 to ₹75,000. The scholarship is only for students that have lost either one or both parents due to Covid-19. The scholarship is divided into two categories. 1800 students from school and 1400 college students. The bank has created an entity of Rs.9 crores.

“During this time of crisis, we believe in supporting talented young individuals who are going through hardships due to the pandemic and are at risk of dropping out of schools or colleges. As a socially responsible corporate citizen, we will lend our support in every manner possible”- Ashima Bhat, Group Head, HDFC Bank

Students from only Indian schools and colleges with incomes less than Rs.6 lakhs per annum will be eligible for HDFC scholarships. The initiative by HDFC bank is to help students on edge of dropping out of schools and colleges because of the financial crisis.

Eligibility Criteria

The HDFC Bank Parivartan’s ECS scholarship is open to individuals enrolled in classes from grade six to postgraduate level, including diploma and polytechnic programmes. Scholarship recipients are chosen based on their academic ability and financial need. The following prerequisites should be met by all interested candidates:

• The candidates should be Indian citizens.
• They should be studying in government, private or government-aided institutions recognised by the Indian government.
• The candidates should be pursuing one of the following courses:
  • Note: The candidates should be pursuing a professional course such as BBA, BTech, BCA, MBBS, MBA, MCA, MTech, etc. or a non-professional course such as BA, BCom, MA, MCom, etc.
  • Class VI to class XII
  • Diploma/ polytechnic
  • Undergraduate degree
  • Postgraduate degree

HDFC Scholarship Apply

The following are the steps for the HDFC Parivartan Scholarship apply online:

• Before applying the candidate must check the eligibility criteria
• To register for the scholarship, the candidates should visit the official website
• The candidate must complete the registration process by providing the required information to obtain the login credentials
• The candidate will be sent a link to verify their profile
• Next, use the login credential to log in to the application portal 
• Click on the “apply for starting the application”
• Fill out all the required information accurately and click on the “save” button to save all the details
• Finally, submit the application form, all application is email approved and provided with an online receipt 

Selection Process

• Multiple steps are included in the HDFC Bank Parivartan ECS scholarship selection procedure. For qualified students, the providers offer need-based and merit-based scholarships. The following are the phases that make up the selection process:
• Based on their academic standing and financial standing, the screening committee will narrow the field of candidates.
• The selected applicants ought to show up for a phone interview.
• After the phone interview, the committee will compile the final list of chosen students.

Scholarship Awards Details

Following mentioned is the award details for different scholarships offered by HDFC:

Last Dates

The application procedure for the HDFC bank scholarship started in the month of March 2022. The last date for the scholarship program is 31st August 2023. Those applicants who complete the basic eligibility criteria can apply for the scholarship before the last date.

This was all about the HDFC bank scholarship. For more updates on the application process and scholarship information, stay connected to Leverage Edu.