HDFC Bank FD Rates – Check Details of Best HDFC Bank Fixed Deposit Rate in India. Sbi forex rates history Bank FD Interest Rates with Latest Schemes in 2017.
All written queries will be responded within 1 working day. We’d love to help you through every step along the way. Let’s start with your credit score and yes it is free. Enter your mobile number and get started! Why should I give my PAN? Do not close the browser! India as it is a safe and reliable investment which provides a higher rate of interest than a regular savings account.
It is considered to be a low-risk form of saving. Though the rewards are proportionately low as well when compared to investing in the stock market, for example, it is free from volatility and fluctuation. Money can be deposited in an FD account for a period that typically ranges from 7 days to 10 years. Banks are free to set their own FD interest rate which in India can generally range from 3.
If you have some extra money that you wish to invest, opening an FD is a simple and safe option, with minimal documentation required. Apart from banks, NBFCs and corporates too offer fixed deposits. The rate of interest paid on a fixed deposit varies according to the amount deposited, period and the issuing bank. The defining criteria for a fixed deposit is that the money cannot be withdrawn before maturity, unless on payment of a penalty.
Once the deposit matures, the bank credits the original amount plus the interest earned to the bank account specified when the FD is opened. HDFC Bank Term Deposit Rates and HDFC Bank Short-Term Fixed Deposit Interest Rates. Do keep in mind that these rates can change at any time and can be changed at the sole discretion of the Bank. For the latest rates, it is advisable to check with HDFC Bank directly.
HDFC Bank offers special Senior Citizen FD Rates which is generally a small percentage over the rates as applicable for a regular FD. You can use the HDFC Bank Fixed Deposit calculator to find out how much you can earn though an HDFC FD account. The FD calculator lets you calculate the maturity amount and the interest earned when you open a Fixed Deposit with HDFC. Alternatively, you can also use online resources to calculate the maturity amount and the interest earned on your FD account. There are several online sites that allow you to instantly calculate the interest earned.
You can enter as many combinations as you want, and the calculator will give you instant and accurate results. You can also calculate the interest earned and the maturity value on the principal amount using the following formula. Premature closure of an FD is subject to the terms agreed upon at the time of placing the deposit. You might need to break a fixed deposit before the maturity date in case of an emergency, like a medical crisis. In such cases it is possible to do so by paying a nominal penal charge.
Note that penalty will not be applicable for FDs booked for a tenure of 7-14 days. What is the minimum amount required to book an FD with HDFC? A minimum deposit of Rs. 5000 is required to open an FD with HDFC.
What is the eligibility for opening an FD account with HDFC Bank? Individuals: All resident individuals including minors and Hindu undivided families are eligible to open an FD account. In addition, Sole proprietorship firms, Partnership firms and Limited companies and trust accounts are eligible to open an FD with HDFC Bank. What are the documents required for individuals to open an FD account in HDFC?