HDFC is the second-largest private sector bank in India and it is both a nationally as well as the internationally accepted bank that runs with the single-minded focus of providing the best quality product and services to each and every corner around the globe. With the higher interest rate and special advantage to the senior citizens, the HDFC Fixed Deposit account is one of the trusted options among the customers. It also offers online access to the account with the premature option.
A Fixed store is a monetary arrangement presented by banks and NBFCs where you can store a single amount of cash and yield a higher pace of revenue contrasted with your bank account.
The time span for a FD can go from 7 days to 10 years. When you put aside the installment with your bank, it begins procuring a premium relying upon the term of the deposit.The principal rule of a Fixed Deposit is that the cash can be removed before development. Furthermore, in the event that you pull out before development, you will be expected to suffer the consequence.
Fixed store offers you adaptability in picking its time span. All in all, it very well may be opened however long you have inactive Funds
A few banks offer an untimely withdrawal office, yet this leads toa lower pace of revenue.
On the date of development, the bank attributes the chief sum and premium to the record holder's financial balance.
Tanmay 07 Mar, 2022
I had the fixed deposit with the HDFC bank.The rate of interest was 8.5%, and the interest amount will be compounded half yearly , I guess.There is no minimum lock in period.It was very long back that I deposited .I am happy with their services.