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HDFC Domestic Term Deposits FD Scheme
The Hdfc Bank Domestic Term Deposits tenure ranges from min 7 Days to max 9 Year 11 Months 27 Days . The ROI ranges from 3.00% to 7.15 % for the general public. The lock-in period for this scheme is 5 Year
Hdfc Bank Domestic Term Deposits Scheme for amount ranging from ₹ 1,000 to ₹ 2.0 Cr
The rate of interest for deposited amount ranging from ₹ 1,000 to ₹ 2.0 Cr is as below
Tenure | Interest Rate for General Public (p.a.) | Interest Rates for Senior Citizens (p.a.) |
|---|---|---|
| 7 Days Upto 29 Days | 3.00% p.a. | 3.50% p.a. |
| 1 Months Upto 2 Months 28 Days | 3.50% p.a. | 4.00% p.a. |
| 2 Months 29 Days Upto 5 Months 29 Days | 4.50% p.a. | 5.00% p.a. |
| 6 Months Upto 9 Months | 5.75% p.a. | 6.25% p.a. |
| 9 Months Upto 11 Months 29 Days | 6.60% p.a. | 7.10% p.a. |
| 1 Year Upto 1 Year 11 Months 29 Days | 7.10% p.a. | 7.60% p.a. |
| 2 Year Upto 2 Year 11 Months 29 Days | 7.15% p.a. | 7.65% p.a. |
| 3 Year Upto 4 Year 11 Months 29 Days | 7.00% p.a. | 7.50% p.a. |
| 5 Year Upto 9 Year 11 Months 27 Days | 7.00% p.a. | 7.75% p.a. |
Key features of Hdfc Bank Domestic Term Deposits Scheme
Summary of Hdfc Bank Domestic Term Deposits Scheme features :
| Mutual Fund Schemes | Domestic Term Deposits |
| CRISIL Rating | AAA(stable)CRISIL Rating |
| Lock-in Days | 5 Year |
| Loan Against FD | NA |
| Pre-mature Withdrawal | NA |
| FD Nominee | Yes |
| Tenure | 7 Days to 9 Year 11 Months 27 Days |
| General Public | 3.00% to 7.15 % |
| Senior Citizen | 3.50% to 7.75 % |
| Amount | Rs.1,000 to Rs.200,00000 |
*Interest rates are subject to change at the discretion of the bank. These Interest rates are with effect from 10 November 2021.
What is an HDFC Domestic Term Deposits FD Scheme?
The HDFC Domestic term deposits FD scheme is an investment instrument designed for investors to park their savings. The assured returns on the investment make it a lucrative option for investors to consistently stimulate their corpus. Individuals can allocate funds in HDFC Domestic Term deposits for a tenure ranging from 7 days to 10 years. HDFC Bank is one of the largest private sector banks in India, and the first bank to be officiated by the Reserve Bank of India. The bank offers a diverse assortment of financial products apart from fixed deposits such as loans, insurance, net banking, debit, and credit card services. The HDFC Bank has a PAN-India influence as its 5,345 branches and 14,533 ATMs are spread across the country.
Eligibility Criteria
The following individuals and groups are eligible to invest in an HDFC Domestic Term Deposit.
- Hindu Undivided Families
- Indian Residents
- Companies
- Partnership firms
- Sole Proprietorship
- Trusts
Documents Required
The applicant is required to produce the following documents to establish an HDFC Domestic Term Deposit.
- Passport-size photographs
- KYC Documents
- Passport
- Driving License
- Voter IDs
Documents Required for Partnerships
In the case of partnership firms, you must prepare the following documents beforehand:
- Certificate of Incorporation
- ID proofs of Authorised Signatory
- Partnership Deed
- Signature of Authorised Signatories
Documents Required for Hindu Undivided Families
If you belong to a Hindu Undivided Family prepare the following documents beforehand:
- PAN Card with Self-attestation
- Declaration deed of the HUFs
- Bank Statement of Hindu Undivided Families
Key Attractions
The HDFC Domestic Term Deposits are a lucrative investment option where customers get the option to allocate their funds for a specified period of time.
Assured Returns
The HDFC Domestic Term Deposits is one of the safest investment products available in the market. The investments parked in the term deposits are immune to any market fluctuations. The investor can simply invest in the Term deposit and earn handsome interest on their investments.
Diversity in Tenure
The HDFC Domestic term deposits offer a flexible investment tenure. The depositor can invest funds from anywhere between 6 days to 10 years. Flexibility in investment tenure allows investors to select a period that complements their investment objectives.
Additional Interest Rates
The HDFC Domestic term deposits offer an additional interest rate of 0.25% to senior citizens. This provides them a platform to allocate their life savings in a safe investment avenue with assured and lucrative returns.
Features and Benefits
The HDFC Domestic Term deposits entail the following features and benefits that can be availed of by the investors:
- The depositor or investors who have an HDFC savings account can avail of the sweep-in facility. It allows investors to choose to invest in a savings account in case the amount present in the term deposit falls below a certain predetermined limit.
- The investor can also avail of the super saver facility where the investor can link their term deposits with their savings account to make use of the overdraft facility.
- The amount accumulated in the term deposit can also be reinvested in the scheme to secure substantial gains by utilising the compound effect.
- The investor also has a provision to designate a nominee for their HDFC domestic Term deposits.
How to Apply for HDFC Domestic Term Deposits FD?
Interested investors can easily establish their HDFC Domestic Term Deposit online from the comfort of their homes. The HDFC Term deposit has crafted a secure and straightforward method for investors. An investor can visit the nearest branch office of the HDFC Bank or can avail of the net banking services. Implement the following steps to open an account:
Step 1: Visit the net banking page to log into your respective account.
Step 2: Navigate to the ‘Transact’ section and select the ‘Open Fixed Deposits’ tab.
Step 3: Select the nearest branch and enter the determined investment tenure, and deposit amount and appoint a nominee for the account.
The applicant can instantaneously download a receipt on the deposited amount and conclude their application procedure.
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FAQs
What is HDFC Domestic Term Deposits FD?
As the name suggests HDFC term deposit FD is an investment instrument where an individual gets the opportunity to park savings for a predetermined tenure and earn interest from it.
Is HDFC Domestic Term Deposits FD tax-free?
If the interest on the term deposit exceeds the set minimum amount limit, the term deposits become taxable. However, there are many tax-saving term deposit options the depositor can avail of.
Is it good to invest in HDFC Domestic Term Deposits FD?
The HDFC Domestic Term deposits offer lucrative returns on the investments. It is a safe and secure investment product that offers assured returns that are immune from market volatility.
What is the minimum tenure for HDFC Domestic Term Deposits FD?
The minimum investment tenure for the HDFC Domestic term deposit is 7 days. However, a longer tenure will ensure substantial returns on the investment
