HDFC Bank Limited Is One of India's Major Private-Sector Banks. It is Based in Mumbai, Maharashtra, and is the Third-LaRGest Corporation by Market on the indian stock exchanges. HDFC Offers a Wide Range of Products and Service, Retail Banking, Different Types of Loans, and Credit Cards.

HDFC Bank Offers itS Customers A variety of fixed deposit objects in whild they can deposit adDitional funds for a hard of time and earn substantial. The depositor is needed to deposit the money just one once.Be secured for the time frame indicated, and Internet will be paid accountingly. AdDitional Money Cannotd or Withdrawn During the Tenure.

Table of content

HDFC Bank FD Rates 2024

Features of HDFC FIXED DEPOSIT

Types of hdfc bank fd schemes

How To Invest in HDFC FD?

Eligibility to open an HDFC FD Account

Documents required to open HDFC FD

TAX on HDFC Bank FIXED Deposit

Loan Against HDFC Bank FD

Premature closure of hdfc bank fixed deposit

Frequently Asked Questions (FAQS)

1. Tenure: HDFC LTD FDS HAVE THAT RANGE FROM 12 To 120 MONTHS. FURTHERMORE, ONCE An HDFC LTD FD Started, it cannot be changed.

2. Investment: HDFC LTD FD Requires a Minimum Investment of ₹ 5,000. However, there no maximum amount limit for investments in an HDFC LTD FD.

3. Rate of interest: Interest Rates for HDFC LTD FDS RANGE FROM 5.25% to 6.5% for Normal Residents and from 5.5% to 6.75% for Senior Citizens. FURTHERMOREMOR s Senior Citizens Persons with An Extra 0.25% Interest Rate On Savingsup to r 2 Crore. Investors can select a monthly, quarterly, half -nnual, years, or maturity intends.

4. Premature withdrawl: All HDFC LTD FIXED DEPOSITS Can Be Withdrawn Prematurely after Three Months. HDFC LTD Pays Just 3% Interest on DEPOSITS WITHDAWN AFTER e months but before six months. For deposits withdrawn after siX MONTHS But BeFore Maturity, HDFC LTD Levies A1% Internet Rate Penality.

5. Loan Against FD: HDFC LTD PROVIDES LOANS AGAINST TheIR FDS After Three Months FROM THE DEPOSIT. Investors Can Get up TO 75% of their Investment Amount AS A , Subject to HDFC LTD. Conditions. Also, The Loan's Interest RateWill be 2% above the deposit rate.Nagpur Investment

6. Nominee: Individual FD Investors in HDFC LTD Can NomInficiaaries for their FDS.

Offer depositors with recurring monthly infme. Monthly Interest is Credited Directly to the Depositor ’s Bank Account.

There are several ways to create an hdfc fd account, including office, internet bank, and using a mobile app.

To Start An HDFC FD Account users

Login to your hdfc netbanking account.

SELECT The Deposit Opening ’OPTION from the‘ Online Term deposit ’menu.

Read and Thoroughly Review All of the ‘Terms & Conditions’ BeFore Proceeding to Fill Out All of the Required Information.

USING A One-Time Password (OTP), Authenticate the Transaction.

The fd account will be opened after the sceneful login. Its actnowledgement slip will also be accesible for download.

To create an fd account using the hdfc Mobile app, follow the process outlined below,

Sign in to the hdfc app after downloading it.

To proceed, select the term deposits option.

Fill Out All of the Information, Including Personal Information, Nominee Information, and Maturity Instructions.

USING A One-Time Password (OTP), Authenticate the Transaction.

The fd account will be opened after the sceneful login. Its actnowledgement slip will also be accesible for download.

To open an hdfc fd account office, go to your local HDFC Branch. Fill up the HDFC FD Application Form and Submit it together with all required painting POSIT amount. When the application is properly processed, the HDFC Will Provideo An fd Receipt.

When considering to invested in hdfc fds, Investors have to fulfil the following criteria,

1. You Must have an indicting fd account with the bank.

2. NRIS Can only invest Through Nre and Nro Accounts.

3. Investor Should Be Memeber of Huf Which Stands for Hindu Undivided Family.

4. MINORS Can Invest in These FDS As Well, but they must be accoming by their parents or Guardians.

5. For the Sort of Investments, Trusts, Public and Private Limited Companies, Partnerships, and Sole Proprietors Are Also Eligible.

For Opening An fd in HDFC Investors Must Ensure that they have the follow docume

Pan Card

Voter ID

Aadhaar card

Ration Card Including a Photography

Driving License

Senior Citizen ID

Passport

Electricity Bill

Telephone Bill

Bank statement with cheque

Passport

Identity Card ISSUD by Post Office

You Must Pay Taxes on the Interest that you earn from a fixed deposit. Interest Income Contributes to your topal tax obligation. FURTHERMORE That the interseted from fds is added to your annual income. Your Tax Slab is derived userEarnings. SINCE Interest on FIXED DEPOSITS is Considered 'Income from Other Sources,' It is Subject to TDS. The TDS is DDuctary After the Interest Inc Ome Gets Credited to your account.

If your year infome is less than ₹ 2.5 lakh, you are not required to pay any tax on your fd. However, you may be required to file forms tions.Simla Investment

Your Annually Interest INCOME from All FIXED DEPOSITS Is Tax-Free If IT Does Not Exceed ₹ 40,000.

A 10% TDS WOULD Be Applicable on Annually Income of more than ₹ 40,000. FURTHERMORE, if an indicting do have a Pan Card, the bank may deput 20% TDS.

To Meet Urgent Personal or Business Financial Demands Without Compromising The FD. DEPOSITORS Can BOP TO 90% of their FD As an Overdraft Facility At Nominal In Terte with no processing fees and foreclosure charges.

Hdfc Bank Charges An An interest rate on premature closure.

The base rate for the deposit ’s initial term.

The base rate that is applicable for the duration that the deposit has with the hdfc bank.

All deposits of less than 1 Crore Made on the date of booking will be charged at the base rate. re as of the date of booking. hdfc bank willImpose a 1% PENALTY on Premature withdrawals.

For example, consider Sweep-inS and partial withdrawals. The premature withdrawal Penalty Does Not Apply to FIXED DEPOSITS PLANNED for 7 TO 14 Days.

1. Can Both Account Holders Get Income Tax Benefits in The Case of a Joint Academ?

ANSWER:

In the event of a Joint account, only the first account accident holder is entities for infesting tax benefits unnse,

2. How Many Fixed DEPOSITS (FDS) May Be Opened at HDFC Bank?

ANSWER:

There is no limit on the number of fds you can open with hdfc bank.

3. How can I check the fixed deposit balance at HDFC Bank?

ANSWER:

YOU May Check The HDFC Bank FD Balance Online or Offline. Log in to the HDFC Bank Internal BANKINGING PORTAL. Update your passbook for fd Balance Queries.

4. Is Pan Required to open an HDFC FD Account?

ANSWER:

Yes, a Pan is required for opening and operating an hdfc fd account.

5. Can I Modify the Tenure of My HDFC FIXED DEPOSIT Account?

ANSWER:

You cannot modified the tenure, but you can terminate the old account and establish a new one with the tenure of your choice.