HDFC Bank Scholarship

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No one would have imagined a situation where a virus will change the lives of millions globally. Coronavirus impact was everywhere and in every field. Office halls were empty and work 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 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 an HDFC’s umbrella for its social responsibility program. 

Particulars Details
Name of the Scholarship HDFC Bank Parivartan’s ECS Scholarship
Provider Detail HDFC Bank
Scholarship Type Merit-cum-Means basedNeed based
Scholarship Category In School ProgrammeBeyond School ProgrammeProfessional Education Programme 
Eligibility Students pursuing Class 6 to UG and PG course level studies
Scholarship Award Up to INR 75,000
Application Timeline Between March and July

Also Read: HDFC Education Loan

Also Read: Education Loan Scheme by Narendra Modi

About HDFC Bank Scholarship

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.

Credits: Mayank Mishra

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 

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:

Scholarship Name Scholarship Amount
HDFC Bank Parivartan’s ECS Scholarship in School Programme (Merit-Cum-Means Based) Up to INR 35,000
HDFC Bank Parivartan’s ECS Scholarship Beyond School Programme (Merit-Cum-Means Based) Up to INR 45,000
HDFC Bank Parivartan’s ECS Scholarship Professional Education Programme (Merit-Cum-Means Based) Up to INR 75,000
HDFC Bank Parivartan’s ECS Scholarship in School Programme (Need-Based) Up to INR 35,000
HDFC Bank Parivartan’s ECS Scholarship Beyond School Programme (Need-Based) Up to INR 45,000
HDFC Bank Parivartan’s ECS Scholarship Professional Education Programme (Need-Based) Up to INR 75,000

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

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