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HDFC Sales brings to you a variety of Fixed Deposit Plans provided by HDFC Deposits.
For over three and a half decades, HDFC Bank has delivered a consistent performance with its Fixed Deposits. We have earned the trust of more than 6 lac depositors.
HDFC Bank has received AAA ratings for its deposits programme from two leading credit rating agencies (CRISIL and ICRA) for 23 consecutive years, thus building utmost trust and confidence amongst investors and key partners.
Enhanced customer satisfaction has always been at the core of all HDFC Bank product offerings. HDFC Bank Depositors are serviced through its network of 420 inter-connected offices spread across India with instant services provided at 77 deposit centers. HDFC Bank has set high benchmarks of service delivery continuously by providing electronic payment facilities for interest payment, instant loan against the deposit and many more.
HDFC Sales is not an Investment Advisor and does not provide any investment or financial planning advice. The information provided on our website is for informational purposes only and it should not be considered as financial advice. Please consider your specific investment requirements before choosing any investment or designing a portfolio that suits your needs. The detailed terms and conditions as stipulated by the financial service providers for their respective products shall be applicable. You should read the same in detail before concluding any transaction.
You can take a Loan Against Deposit after three months from the date of deposit and up to 75% of the deposit amount, subject to the other terms and conditions framed by HDFC Bank. Interest on such loans will be 2% above the deposit rate.
Interest on your deposits will be credited directly to your account through National Automated Clearing House.
You will be paid Interest on the deposit from the date of realisation of the cheque or RTGS transfer to HDFC's bank account. Interest on deposits placed under Monthly Income Plan, Non-Cumulative Option and Annual Income Plan shall be paid on fixed dates as given below:
| Deposits Plan | Fixed Dates |
|---|---|
| Monthly Income Plan (MIP) | The last day of every month |
| Non-Cumulative : Quarterly Option | June 30, September 30, December 31 & March 31 |
| Non-Cumulative : Half-Yearly Option | September 30 and March 31 |
| Annual Income Plan (AIP) | March 31 |
Cumulative Interest Option: Interest will be compounded annually on 31st March of every year after deducting the tax, wherever applicable. The principal along with the interest will be paid on maturity once the discharged deposit receipt is received by us. Interest amount (net of TDS - where applicable) will be paid through NACH at all centres where this facility is available. Where this facility is not available, interest cheque will be paid through Account Payee cheque drawn in favour of the first - named depositor along with his bank account details furnished. In case of MIP, post-dated interest cheques for every financial year will be issued in advance. Interest on Monthly Income Plan under Variable Rate Deposit will be credited to the depositor's bank account on the last day of the month. Interest will accrue after the maturity date only if the deposit is renewed.
Rate of interest (RoI) will be reset at the beginning of each interest period. RoI prevailing on the first day of the interest period will be applicable for the entire interest period.
No tax deduction at source on interest paid/credited upto Rs.5000/- in a financial year. Income tax will be deducted at source under Section 194A of the Income Tax Act, 1961, at the rates in force. If the depositor is not liable to pay income tax and the interest to be paid/credited in a financial year does not exceed the maximum amount which is not chargeable to income tax, the depositor may submit a declaration in Form No. 15G so that income tax is not deducted at source. In such cases, PAN (Permanent Account Number) must be quoted in Form 15G, else the form is invalid. Senior Citizens (60 years and above) may submit a declaration in Form No. 15H. Section 139A(5A) of the Income-tax Act, 1961 requires every person receiving any sum or income from which tax has been deducted to intimate his PAN to the person esponsible for deducting such tax. Further, 139A(5B) requires the person deducting such tax to indicate the PAN on the TDS certificate. In case PAN is not mentioned, the rate of TDS would be 20% as per section 206AA(1) of the Income-Tax Act, 1961.
Your request for premature withdrawal may be granted at the sole discretion of HDFC Bank and cannot be claimed as a matter of right, subject to the Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 as applicable from time to time.
Premature withdrawal will not be allowed before completion of three months from the date of deposit. In case of request for premature withdrawal after the expiry of three months, the rates given in the following table shall apply.
| Months completed from the date deposit | Rate of Interest Payable |
| After 3 months but before 6 months | The interest payable shall be 3% per annum for individual depositor, and no interest in case of other category of depositors |
| After 6 months but before the date of maturity | The interest payable shall be one percent lower than the interest rate applicable to a public deposit for the period for which the deposit has run or if no rate has been specified for that period, then two percent lower than the minimum rate at which the public deposits are accepted by HDFC Bank. |
For renewal or repayment of deposit, the discharged deposit receipt must be surrendered to HDFC Bank. In case of renewal of deposit, the prescribed application form signed by all depositors is also required to be submitted. If the date of maturity falls on any day on which HDFC Bank's office remains closed, repayment will be made on the next working day. Repayment amount is remitted to depositor’s bank account directly through NEFT/RTGS/FT or paid through account payee cheque favouring the first depositor.
Only individual depositor/s, singly or jointly, can nominate a single person under this facility. In case the deposit is placed in the name of a minor, the nomination can be made only by a person lawfully entitled to act on behalf of the minor. Power of Attorney holder or any person acting in representative capacity as holder of an office or otherwise cannot nominate. The nominee shall have the right to receive the amount due in respect of the deposit and payment by HDFC Bank to the nominee shall constitute full discharge to HDFC Bank of its liability in respect of the deposit. Nominee's name will be printed on the Fixed Deposit receipt, unless mentioned otherwise.
In terms of the Prevention of Money Laundering Act, 2002, the rules notified thereunder and KYC Guidelines issued by the Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 you are required to comply with the KYC requirements by submitting the following documents:
In case you have already submitted the above documents in an earlier deposit, then you need not submit the above documents again, but must provide the reference of your customer number or deposit number.
