HDFC Personal Loan Rates: Types, Eligibility
HDFC Personal Loan Rates: Types, Eligibility
May 10, 2023
5 Minutes
Unlocking Financial Growth: A Deep Dive into HDFC Fixed Deposits (FD) in 2023
Explore the Avenues of Stability and Returns with HDFC Bank Fixed Deposits
HDFC Bank Limited, a financial powerhouse headquartered in Mumbai, Maharashtra, stands tall as one of India's largest private sector banks. Offering an extensive array of financial products and services, HDFC is a name synonymous with trust and innovation. Among its diverse offerings, HDFC Bank's Fixed Deposit (FD) schemes provide a reliable platform for customers to grow their savings systematically.
Types of HDFC Bank FD Schemes: Tailored for Every Need
Regular Fixed Deposits:
Attractive interest rates.
Nomination facility available.
Option for sweep-in and super saver facility.
5-Year Tax Saving Fixed Deposit:
Eligible for tax savings under Section 80C.
Compounded quarterly interest.
Option for monthly or quarterly payout.
HDFC FCNR Fixed Deposit:
Ideal for earning interest on foreign income.
Fully repatriable principal and interest.
Tax exemption on the entire deposit.
Dream Deposits:
Flexibility to set aside a portion of your salary.
Competitive rates without penalties.
Supports financial goals seamlessly.
Overdraft Against Fixed Deposits:
Link savings or current account with FD for liquidity.
Interest is payable only on the drawn amount.
FD continues to earn interest.
Features and Benefits: Steering Towards Financial Growth
Senior Citizens Advantage:
The additional interest rate of 0.50% p.a.
Minimum Deposit Requirement:
Open an FD account with just Rs. 5000.
Nomination Facility:
Ensure smooth succession planning.
Attractive Interest Rates:
Competitive rates for optimal returns.
Sweep-in and Super Saver Facility:
Maximize liquidity without compromising on returns.
HDFC Bank FD Rates for 2023: Effective from 1st Oct 2023
TenureRegular CustomersSenior Citizens3 months - 5 months4.50%5.00%5 months 1 day - 6 months4.75%5.25%6 months 1 day - 7 months4.80%5.30%7 months 1 day - 8 months4.85%5.35%8 months 1 day - 9 months4.90%5.40%9 months 1 day - 1 year5.00%5.50%1 year 1 day - 3 years5.75%6.25%3 years 1 day - 5 years6.00%6.50%5 years 1 day - 10 years6.25%6.75%
How to Open an HDFC FD Account: Seamless and Convenient
Internet Banking:
Log in to NetBanking.
Choose 'Open Fixed Deposits' under 'Transact.'
Fill in details, provide nominee information, and confirm.
Mobile App (HDFC Bank App):
Download the HDFC Bank App.
Navigate to 'Deposit' under 'Save.'
Select 'Open Fixed Deposit,' fill details, and confirm.
Offline:
Visit the nearest HDFC Bank branch.
Fill out the FD application form, submit documents and deposit the amount.
Eligibility and Documents: Inclusivity Simplified
Eligibility:
Indian residents
Sole proprietorship enterprises
Trusts
Limited companies
Hindu Undivided Family (HUF) members
Partnership firms
Documents Required:
Proof of Identity: Aadhaar, Voter ID, PAN card, Driving license, etc.
Proof of Address: Electricity bill, Bank statement, Telephone bill, Passport, etc.
Tax on HDFC Bank Fixed Deposit: Unlocking Savings with Tax Benefits
Eligible for tax deduction under Section 80C.
TDS on interest deducted quarterly.
Submit Form 15G/15H for exemption from TDS on interest income.
Loan Against HDFC Bank Fixed Deposits: Leveraging Assets for Financial Flexibility
Avail a loan up to 90% of the FD value.
Applicable to NRE and NRO FD account holders.
Not available for HDFC Tax Saving Fixed Deposit.
Premature Closure: Navigating Unforeseen Situations
The interest rate for premature closure is determined by original tenure and current tenure.
1% penalty for premature withdrawals (except for 7 days to 14 days deposits).
FAQs: Unraveling Queries for Informed Decisions
Can I change the tenure of my HDFC FD account?
No, the tenure cannot be changed. Close the existing FD and open a new one.
What is the highest FD interest rate by HDFC Bank?
The highest interest rate is 7.25% for regular citizens.
What is the minimum deposit for opening an HDFC FD account?
Open an FD account with just Rs. 5000.
Can I deposit additional amounts in my HDFC FD account?
No, additional deposits are not allowed.
What is the eligibility to open an HDFC FD account?
Open to Indian residents, companies, trusts, and more.
For the latest information, visit the official HDFC Bank website or contact customer care. Invest wisely, and thrive financially!
Unlocking Financial Growth: A Deep Dive into HDFC Fixed Deposits (FD) in 2023
Explore the Avenues of Stability and Returns with HDFC Bank Fixed Deposits
HDFC Bank Limited, a financial powerhouse headquartered in Mumbai, Maharashtra, stands tall as one of India's largest private sector banks. Offering an extensive array of financial products and services, HDFC is a name synonymous with trust and innovation. Among its diverse offerings, HDFC Bank's Fixed Deposit (FD) schemes provide a reliable platform for customers to grow their savings systematically.
Types of HDFC Bank FD Schemes: Tailored for Every Need
Regular Fixed Deposits:
Attractive interest rates.
Nomination facility available.
Option for sweep-in and super saver facility.
5-Year Tax Saving Fixed Deposit:
Eligible for tax savings under Section 80C.
Compounded quarterly interest.
Option for monthly or quarterly payout.
HDFC FCNR Fixed Deposit:
Ideal for earning interest on foreign income.
Fully repatriable principal and interest.
Tax exemption on the entire deposit.
Dream Deposits:
Flexibility to set aside a portion of your salary.
Competitive rates without penalties.
Supports financial goals seamlessly.
Overdraft Against Fixed Deposits:
Link savings or current account with FD for liquidity.
Interest is payable only on the drawn amount.
FD continues to earn interest.
Features and Benefits: Steering Towards Financial Growth
Senior Citizens Advantage:
The additional interest rate of 0.50% p.a.
Minimum Deposit Requirement:
Open an FD account with just Rs. 5000.
Nomination Facility:
Ensure smooth succession planning.
Attractive Interest Rates:
Competitive rates for optimal returns.
Sweep-in and Super Saver Facility:
Maximize liquidity without compromising on returns.
HDFC Bank FD Rates for 2023: Effective from 1st Oct 2023
TenureRegular CustomersSenior Citizens3 months - 5 months4.50%5.00%5 months 1 day - 6 months4.75%5.25%6 months 1 day - 7 months4.80%5.30%7 months 1 day - 8 months4.85%5.35%8 months 1 day - 9 months4.90%5.40%9 months 1 day - 1 year5.00%5.50%1 year 1 day - 3 years5.75%6.25%3 years 1 day - 5 years6.00%6.50%5 years 1 day - 10 years6.25%6.75%
How to Open an HDFC FD Account: Seamless and Convenient
Internet Banking:
Log in to NetBanking.
Choose 'Open Fixed Deposits' under 'Transact.'
Fill in details, provide nominee information, and confirm.
Mobile App (HDFC Bank App):
Download the HDFC Bank App.
Navigate to 'Deposit' under 'Save.'
Select 'Open Fixed Deposit,' fill details, and confirm.
Offline:
Visit the nearest HDFC Bank branch.
Fill out the FD application form, submit documents and deposit the amount.
Eligibility and Documents: Inclusivity Simplified
Eligibility:
Indian residents
Sole proprietorship enterprises
Trusts
Limited companies
Hindu Undivided Family (HUF) members
Partnership firms
Documents Required:
Proof of Identity: Aadhaar, Voter ID, PAN card, Driving license, etc.
Proof of Address: Electricity bill, Bank statement, Telephone bill, Passport, etc.
Tax on HDFC Bank Fixed Deposit: Unlocking Savings with Tax Benefits
Eligible for tax deduction under Section 80C.
TDS on interest deducted quarterly.
Submit Form 15G/15H for exemption from TDS on interest income.
Loan Against HDFC Bank Fixed Deposits: Leveraging Assets for Financial Flexibility
Avail a loan up to 90% of the FD value.
Applicable to NRE and NRO FD account holders.
Not available for HDFC Tax Saving Fixed Deposit.
Premature Closure: Navigating Unforeseen Situations
The interest rate for premature closure is determined by original tenure and current tenure.
1% penalty for premature withdrawals (except for 7 days to 14 days deposits).
FAQs: Unraveling Queries for Informed Decisions
Can I change the tenure of my HDFC FD account?
No, the tenure cannot be changed. Close the existing FD and open a new one.
What is the highest FD interest rate by HDFC Bank?
The highest interest rate is 7.25% for regular citizens.
What is the minimum deposit for opening an HDFC FD account?
Open an FD account with just Rs. 5000.
Can I deposit additional amounts in my HDFC FD account?
No, additional deposits are not allowed.
What is the eligibility to open an HDFC FD account?
Open to Indian residents, companies, trusts, and more.
For the latest information, visit the official HDFC Bank website or contact customer care. Invest wisely, and thrive financially!
Author
Pluto Team
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