HDFC Bank Scholarship is an initiative of HDFC Bank, a leading financial services provider in India. The scholarship program aims to provide much-needed financial assistance to deserving students who have the potential to pursue higher education, but lack the resources to do so. The scholarship seeks to support the educational aspirations of thousands of students, enabling them to pursue their dreams and secure a better future. HDFC Bank Scholarship offers financial aid to help cover the costs of tuition fees, books and other materials, and other educational expenses, enabling students to focus on their studies and reach their full potential.
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. It is named the HDFC Bank Parivartan’s ECS Scholarship.
|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
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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.
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
- 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|
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.
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