The Fixed Deposit will be booked in the same combination/ order of names as the existing Current/Savings account, from which the funds are being transferred. Once registered as a Senior Citizen, you are eligible for preferential rates of interest on Fixed Deposits opened through NetBanking as well.Ĭlick here to Interest Rates on Fixed Deposits. If you are a senior citizen, all you need to do is register as one by calling any Branch with proof of your Date of Birth. HDFC Bank Q1 preview Expect strong profit growth YoY sequential growth to be weak HDFC Bank Q1 Net Profit seen up 20 YoY to Rs. We offer preferential rate of interest on Fixed Deposits for Senior Citizens. The interest amount will be credited to your account at quarterly / monthly intervals.ĭoes HDFC Bank offer preferential rate of interest on Fixed Deposits for Senior Citizens? When your Fixed Deposit is booked with the quarterly / monthly interest pay out option, the maturity amount is the same as the principal amount. Why is the principal amount and the fixed deposit maturity amount of my Fixed Deposit the same? This is applicable with effect from 24th January, 2011. 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.Īs per the Terms & Conditions of Fixed Deposit Accounts of the bank,In case of premature closure of Fixed Deposit (including sweep in / partial closure) the interest rate will be 1.00% below the contracted rate or the rate applicable for the period the deposit has remained with the bank, whichever is lower,except for the tenor of 7-14 days.ĭo I need to pay any penalty on premature closure of Fixed Deposit?Īs 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. The base rate applicable for the tenor for which the deposit has been in force with the Bank.įor 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. The rate for the original/contracted tenor for which the deposit has been booked OR The interest rate applicable on premature closure of deposits (all amounts) will be lower of: The bank will pay interest as per the rates published on the website for the respective dates and tenors The rates auto populated are for Resident deposits < 2Cr The rates are subject to change from time to time Login via NetBanking > Accounts > Transact > Open Fixed Deposit Here are the easy ways to book your Fixed Deposit HDFC Bank on January 14 reported a 19.9 percent year-on-year (YoY) jump in its consolidated net profit for the quarter ended Decemto Rs 12,698 crore. Please refer the FD/ RD advice to get the exact maturity amount *The amount mentioned in the calculator is an indicative figure. Pradhan Mantri Jeevan Jyoti Bima Yojana.Recommended Portfolio Equity and Debt Mutual Funds. Already have a Demat and Trading Account.Remittance (International Money Transfers ).
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