This special offer will be applicable to new Fixed Deposit booked as well as for the Renewals, by Senior Citizens during the above period. Interest amount (net of TDS - where applicable) will be paid through ECS at all centres where ECS facility is available. The interest rates for below 1 crore and above 1 crore on fixed deposit depend on which category you fall under and your choice between different banks. *Senior Citizen Care FD (w.e.f 18th May’20) : An Additional Premium of 0.25% (over and above the existing premium of 0.50%) shall be given to Senior Citizens who wish to book the Fixed Deposit less than 5 crores for a tenure of 5 (five) years One Day to 10 Years, during special deposit offer commencing from 18th May'20 to 31st Mar’21. Interest on a Recurring Deposit will be calculated from the date the instalment is paid. The Interest on Term Deposits for the deposits booked by us, is calculated as below:1) Fixed Deposits for the tenor <= 6 months : Simple Interest is paid2) Fixed Deposits for the tenor > 6 months with Quarterly Interest Payout option : On a Quarterly basis3) Fixed Deposits for the tenor > 6 months with Monthly Interest Payout option : Interest is calculated for the quarter and paid monthly at a discounted rate over the standard deposit rate4) Fixed Deposits for the tenor > 6 months with Interest Reinvestment option : Cumulative Interest for the Quarter is added to the Principal in subsequent quarter and interest is calculated on total amount, [The paid interest amount (in case of monthly/quarterly/half yearly payout mode) will be adjusted against Principal Balance of the Deposit incase of Premature withdrawal of the NRE Deposit before 1 year], Tax at Source is deducted as per the Income Tax regulations prevalent from time to time (applicable on NRO Fixed Deposits). Provides you with a lump sum at the end of the deposit tenure. The Minimum tenor for earning the interest on NRE Fixed Deposit is 1 year. The base rate applicable for the tenure for which the deposit has been in force with the Bank. In order to see the latest information, we request you to clear your browsers cache to see the updated interest rates. No Interest will be paid if the NRE Deposit is prematurely withdrawn before 1 year. Ideal to plan the fund requirements at the end of each quarter/half-year. When booking FD through NetBanking please note the actual interest rate being applied on the "Confirm" screen. This will be applicable for deposits booked on or after 24th January 2011. Maturity Period Interest Rate (With Effect From November 13) Public: Senior citizen: Seven days to 14 days: 2.50% : 3.00%: 15 days to 29 days: 2.50% : 3.00%: For deposits booked on or after 7th march'19, the base rate is the rate applicable to deposits of less than Rs.2 Cr as on the date of booking the deposit. HDFC Fixed Deposit (FD) Rates 2021 Updated on January 11, 2021 , 6033 views. HDFC Bank fixed deposits offer higher interest to senior citizen investors. Interest rates are subject to change from time to time. on deposits upto ₹2 Crore (Other than Recurring Deposits). TDS on RD accounts (if applicable) will be recovered on RD interest if Savings/Current accounts linked to RD are not maintained for TDS recovery, effective 4th Feb '2018. EXISTING Customers: Click here to book a deposit online through NetBanking!! A certified copy of the proof of identity, Option to also be a distributor of other financial institutions. E.g. Ideal option to accumulate funds for future requirements and maximize returns. Click on the header to view the rates. In case the deposit is placed in the name of a minor, the nomination can be made only by a person lawfully entitled to act on behalf of the minor. Currently, HDFC Bank offers 2.5 per cent interest rate for 7-14 days and to senior citizens HDFC Bank offers an additional 0.5 per cent interest rate on fixed deposits. Please fill in your details to get a call from our Loan Expert! HDFC NRE & NRO fixed deposit interest rate ranges from 3.50% to 6.15%. This is to inform you that our RFC Savings Account Interest Rates effective July 1, 2017 are as below: EEFC Deposit would be accepted only in current A/c (According to RBI guidelines.). Couldn't find what you were looking for? If the depositor is not liable to pay income tax and the interest to be paid/credited in a financial year does not exceed the maximum amount which is not chargeable to income tax, the depositor may submit a declaration in Form No. For fixed deposits up to Rs 2 crore with maturity period between 7 and 29 days, the bank is offering an interest rate of 2.5 per cent. The applicable interest rates will be given based on the date and time of receipt of the funds by the bank.We request you to clear your browsers cache to see the most recently updated interest rates. Step 2: Provide information pertaining to whether or not the user is a senior citizen, choose the type of fixed deposit and enter the deposit term. Your co-operation will help us in serving you better. As per the Terms & Conditions of Fixed Deposit Accounts of the bank, the penalty on premature closure of Fixed Deposits, including sweep-in and partial closures, has been fixed by the Bank at the rate of 1% of the fixed deposit interest rate. In case, the Deposit is spread over a leap and a non-leap year, the interest is calculated based on the number of days i.e.,366 days in a leap year & 365 days in a non leap year.The period of Fixed Deposit is calculated in number of days. This offer is not applicable to Non-Resident Indian. The nominee shall have the right to receive the amount due in respect of the deposit and payment by HDFC to the nominee shall constitute full discharge to HDFC of its liability in respect of the deposit. You will be interviewed and if found suitable, you will be registered as an Authorized Key Partner. Provides you with regular periodic interest income, either on a quarterly or a half-yearly basis. Compare Fixed Deposit interest rate with SBI vs HDFC Bank vs ICICI bank Finance / By admin / fixed deposit , hdfc bank , icici bank , interest Rates , sbi Fixed deposits (FD), also known as term deposits (TD), are fixed-income instruments that give guaranteed returns over a pre-determined period of lock-in. 5 Cr please click here, Domestic / NRO and NRE Non-withdrawable Fixed Deposit rates greater than or equal to 5 Cr, For Non-withdrawable Domestic term Deposit rates greater than or equal to Rs. Please fill in your details to get a call from our Loan Expert! If you want to change the amount, you need to open a new fixed deposit account with HDFC. In case of request for premature withdrawal after the expiry of three months, the rates given in the following table shall apply. Is there a Woman Co-Owner in the Property? HDFC Bank offers 75 bps higher interest rate on these deposits. Fixed Deposit (FD)- HDFC offers a wide range of FD schemes at a competitive interest rates with attractive and assured returns. You can earn FD interest rate of 5.50%% p.a. The Housing Development Finance Corp (HDFC) Ltd has lowered fixed deposit interest rates by 10 to 20 basis points with effect from 22 October. FD interest rates HDFC Bank (below Rs 2 crore) effective from November 13, 2020: On deposits between 7 days and 29 days, HDFC Bank offers a 2.50 percent interest rate. The interest rate applicable on premature closure of deposits (all amounts) will be lower of : The base rate for the original/contracted tenor for which the deposit has been bookedOR, The base rate applicable for the tenor for which the deposit has been in force with the Bank. Interest on deposits placed under Monthly Income Plan, Non-Cumulative Option and Annual Income Plan shall be paid on fixed dates as given below: Cumulative Interest Option: Interest will be compounded annually on 31st March of every year after deducting the tax, wherever applicable. Please read the guidelines carefully before visiting us. on all deposit products. While we shall continue to serve customers at our offices, in the interest of everyone’s health and safety, kindly visit our offices only in case it is absolutely necessary. New Customers: Click here to talk to our Executive!! For rates greater than equal to Rs. The bank offers 75 bps higher interest rate on these deposits. HDFC Bank Fixed Deposits and Recurring Deposits offer a safe and convenient way of achieving your financial goals. Please clear browser history/cookies before accessing the interest rate chart in order to view the latest effective interest rates. with effect from 07 December, 2020, Click here to View Forex Card Rates. Ideal for parents planning for their child’s higher education/marriage. for a tenure ranging between more than 5 years and 10 years. Step 1: Open the fixed deposit calculator facility on HDFC Bank’s webpage. TDS on RD is applicable as per Finance Act 2015. No tax deduction at source on interest paid/credited upto Rs.5000/- in a financial year. It is reiterated that the interest rate applicable on multiple deposits, across all channels, made by the same customer in a single day in one particular tenor bucket would be the rate which is applicable for the aggregate value. HDFC FD Detail (Fixed Deposit Rates and Review) Incorporated in 1977, Housing Development Finance Corporation Ltd (HDFC) is engaged in housing finance in India. As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of FD. When booking Fixed Deposit through NetBanking, please note the actual interest rate being applied on the "Confirm" screen. Note: Interest rates are subject to periodic changes. The principal along with the interest will be paid on maturity once the discharged deposit receipt is received by us. Enhanced customer satisfaction has always been at the core of all HDFC product offerings. Prompt doorstep assistance through our key partner network. FCNR Fixed deposit depends on term deposit for example 1 year, 2 years or upto 5 years you deposit your money and your choice between different banks. Interest and Penalty calculation methods are as per the IBA Guidelines. Your request for premature withdrawal may be granted at the sole discretion of HDFC and cannot be claimed as a matter of right, subject to the Housing Finance Companies (NHB) Directions, 2010, as applicable from time to time. Provides you with regular yearly interest income. HDFC Bank is one of the largest private sector lenders on the Basis of assets. The maturities of various company fixed deposits can range from a few months to a few years. Click here to talk to our PHONEBANKING Agent!! ), Deposits exceeding ₹5 crore & upto ₹10 crore (p.a. Please Click here to go to Homepage of version. FD @ 8.00%* Rate You can choose from Regular Scheme and 5 Year Tax Saving Fixed Deposit schemes to … Section 139A(5A) of the Income-tax Act, 1961 requires every person receiving any sum or income from which tax has been deducted to intimate his PAN to the person esponsible for deducting such tax. Fixed deposits or FDs are secure investment instruments that yield higher interest rates than deposits in savings accounts. HDFC Bank Fixed Deposits and the interest on them are a good source of income – in a safe and assured manner. Corporate Fixed Deposit. New Delhi: Private sector lender HDFC Bank has revised interest rates on fixed deposits (FDs) on selected tenures with effect from November 13, 2020.The bank has cut the interest rate on deposits maturing in one year and two years. Ques. HDFC Fixed deposit assures maturity benefits on the deposited amount as the investment. Please click here to go to English version of the same page. The page you are looking for is not available in . Power of Attorney holder or any person acting in representative capacity as holder of an office or otherwise cannot nominate. Ques. Interest will accrue after the maturity date only if the deposit is renewed. Considering the current COVID-19 situation, we are taking the necessary precautionary measures to control the spread of the virus. HDFC Bank special FD scheme for senior citizens is called 'HDFC Senior Citizen Care'. HDFC Bank Fixed Deposit Rates. ), Deposits exceeding ₹10 crore & below ₹25 crore (p.a. **Only Resident Senior Citizens are eligible for higher rates of interest.. for 1+3, enter 4. (Senior Citizen Rates do not apply to NRIs | Minimum tenor for NRE Deposit is 1 Year. In case of renewal, the prescribed application form signed by all depositors is also required to be submitted simultaneously. 12th June, 2020. The Minimum tenure for earning FD interest is 7 days. Impeccable service through a network of over 420 offices across the country. Premature withdrawal will not be allowed before completion of three months from the date of deposit. Monthly interest is directly credited to your bank account through ECS. Fixed deposit tenures vary from 1 year 17 days to 5 years, and HDFC FD interest rates are more competitive for longer tenures than shorter ones. Besides benefitting from attractive brokerage/commission structures, our Key Partners are also free to be agents of other financial institutions. Note: As per the Terms & Conditions of Fixed Deposit Accounts of the bank, the penalty on premature closure of Fixed Deposits including sweep-in and partial closures has been fixed by the Bank at the rate of 1% provided your RFC FD interest is equivalent to 1% or more . In case of premature closure of Fixed Deposit booked in the above offer (including sweep in / partial closure) on or before 5 years, the interest rate will be 1.00% below the contracted rate or the base rate applicable for the period the deposit has remained with the bank, whichever is lower , In case of premature closure of Fixed Deposit booked in the above offer (including sweep in / partial closure) post 5 years, the interest rate will be 1.25% below the contracted rate or the base rate applicable for the period the deposit has remained with the bank, whichever is lower. 15G so that income tax is not deducted at source. What is the highest interest rate on HDFC Fixed Deposits? Trade Watchlist Portfolio Message Set Alert live bselive nselive Volume Todays L/H More × For tenures ranging from 7 days to 10 years, top banks like State Bank of India (SBI), HDFC Bank, Punjab National Bank (PNB), ICICI Bank and Axis Bank offer fixed deposits (FDs). The highest HDFC FD interest rates provided by HDFC Bank is 5.50% for a medium-term FD ranging from 5 years to 10 years. You can take a Loan Against Deposit after three months from the date of deposit and up to 75% of the deposit amount, subject to the other terms and conditions framed by HDFC. If a senior citizen puts a fixed deposit under HDFC Bank Senior Citizen Care FD, then interest rate applicable to the FD will be 6.25%. The maturity period for fixed deposits offers by HDFC range from 7 days to 10 years. Please clear browser history/cookies before accessing the interest rate chart in order to view the latest effective interest rates. Hdfc Bank FCNR FD Interest Rates (as on 18 Jan 2021). When the date of maturity falls on any day on which HDFC's office remains closed the repayment will be made on the next working day. Senior Citizens (60 years+) will be eligible for an additional 0.25% p.a. Savings Bank interest will be paid at quarterly intervals. *B. Choose a tenure and amount of your choice to grow your income in a steady fashion. 5 Cr please click here. HDFC has set high benchmarks of service delivery on a continuous basis by providing electronic payment facility for interest payment, instant loan against deposit and many more. Partial premature withdrawal and sweep-in facility is not allowed for fixed deposits booked for 5 Crore and above. REGULAR DEPOSITS Fixed & Variable Rates Fixed Rates only Interest rates on Deposits upto ` 2 Crore Interest rates on Deposits exceeding ` 2 Crore upto ` 5 Crore Interest rates on Deposits exceeding ` 5 Crore upto ` 10 Crore Interest rates on Deposits exceeding ` 10 Crore & below ` 25 Crore 12 - 23 Months 5.45% 5.50% 5.55% - 5.65% EXISTING Customers: Click here to book a deposit online through NetBanking!! Ans. The special rates are applicable only for, When you open a Fixed deposit with HDFC Bank Interest on Term Deposits is calculated as below. Prior to this the base rate is the rate applicable to deposits of less than Rs.1 Cr as on the date of booking the deposit. Retail Prime Lending Rate (RPLR) is 16.10% w.e.f 10th November, 2020, Retail Prime Lending Rate (RPLR) - Non Housing is 9.70% w.e.f. Though, HDFC FD rates vary, the highest interest is 7% per annum, which changes based on the repo rate that RBI periodically fixes. On rest of the term deposits, the bank has kept rates … Tenor Bucket "means the various tenure slabs as updated in the interest rate sheet on the website . Solve this simple math problem and enter the result. The FCNR FD interest rates on currency like USD, GBP, EUR ,AUD, CAD, YEN. *Applicable interest rates will be given as on the date of receipt of the funds by the bank. HDFC has mobilized household funds from over 17 lac depositors. 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Option to accumulate funds for future requirements and maximize returns a call from our Loan!... We are taking the necessary precautionary measures to control the spread of the funds by the Bank at 77 centers! / time of receipt of the largest private sector lenders on the tds.... Tenor Bucket `` means the various tenure slabs as updated in the following changes would applicable. Customer satisfaction has always been at the end of the virus deposits to... Quarterly or a half-yearly Basis for over three and a half decades, HDFC has delivered performance! Will help us in serving you better cheques for every financial year will be paid through ECS go! Higher interest rates: SBI vs HDFC Bank Fixed deposits booked on or after 24th 2011! 77 deposit centers co-operation will help Customers to reduce their liability deposits can from. Period will be applicable for deposits booked on or after 24th January 2011 > Conversion Enquiry tab for any details. 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Deducted when interest payable orreinvested on RD and FD per customer across all branches, exceeds Rs.40,000/- (.. 0.25 % p.a FCNR FD interest rate chart in order to view the latest information, we request to. The NRE deposit is prematurely hdfc fixed deposit rates before 1 year rates provided by HDFC is. Short term product offerings single person under this facility tds on RD is as!
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