HDFC Bank offers its customers two different types of national term deposit systems which are adapted to the different needs of investors. For these systems, the banking countries are interested in the customers for the current HDFC-FD tariffs. National deposits can be made up to Rs. 5 million rupees. FD options for NRIs are also available to customers of HDFC banks.
HDFC bank offers its customers a fixed deposit varying between 7 days and 10 years. The rates for such property vary from 3.50% to 6.40% for deposits below Rs. 2 crores.
For deposits of around Rs. Rs 2 million less than Rs. The interest rates of Rs 5 million, HDFC FD vary from 4.00% to 6.10%.
Short-term deposits made within 7 days – 90 days reach interest rates of 3.50% – 5.40% (4.00% – 5.00% for deposits worth 2 million rupees to less than 5 million Rupees).
From 6 months to less than a year, this range can go up to 6.05% (5.75% for deposits worth 2 million rupees to less than 5 million rupees).
The one-year FD will reach an interest rate of 6.30%, which corresponds to 6.00% for deposits with a value of 2 million rupees less than 2 million rupees. 5 million rupees.
Likewise, customers can earn 6.30%, 6.40%, and 6.30% interest for 2, 3 and 5 years to 10 years.
Here are the main features of HDFC Bank FD:
Deposits that expire in less than 6 months are subject to a simple interest payment on the due date
Deposits that expire in 6 months or more will bear interest based on quarterly funding
Interest earned is subject to TDS
To be interested in an FD, you must stay at the bank for at least 7 days.
The following advantages can be obtained by investing in an HDFC FD bank:
Easy investment with good returns with negligible risk
You can easily book via the HDFC banking network
Seniors offered higher interest rates (+ 0.50%)
HDFC Bank is expanding two different FD programs, which are tailored to the needs of their different customers. These schemes are:
HDFC Normal Term Deposit Account
HDFC Tax savings fixed deposit system