HDFC Bank Fixed Deposit Interest Rates 2016

HDFC Bank Fixed Deposit Rates: The Housing Development Finance Corporation Limited, HDFC is an Indian banking and financial services company. It is started in the year 1977. It is having its head quarters in Mumbai, Maharashtra. It is the second largest private sector banks in India. It is the one of the leading banks in India.

It is always a good option to make some extra money with the hard earned money through HDFC bank fixed deposit. The money in the banks is supposed to be a safe and secure. It is having more number of employees and wide network across the globe. It is growing rapidly in the past few years. It is very well known bank for its excellent services over the years in various aspects. It is the largest bank having many branches spread across the country.

It provides Housing loans and non housing loans. HDFC Bank offers the core products like Personal Banking, Accounts & Deposits, Loans, Cards, Demat, Investments, Insurance, Forex, Premier Banking, Private Banking. The HDFC bank is providing highest interest rates depending on the deposit rates and the time period of deposit. The interest rates are subject to change from the time to time.

The applicable interest rates will be given as on the date or time of receipt of the funds by the bank. The Minimum tenure for earning FD interest is 7 days. When a person opens a Fixed deposit with HDFC Bank Interest the Term Deposits is calculated on a Quarterly basis for deposit of greater than 6 months and a Simple interest is paid at maturity for deposits of less than 6 months. The tax at source is deducted as per the Income Tax regulations prevalent from time to time. The interest rates will be given more for the Senior citizens.

HDFC Bank Fixed Deposit  Interest Rates Table 2015-16:

The special interest rates are applicable only for Resident deposits, Only Senior Citizens or Retired Persons (60 years and above) who are Resident Indians are eligible. The Cumulative Interest or the re-investment interest is calculated every quarter which is added to the Principal such that Interest is paid on the Interest earned in the previous quarter as well. 

Interest Rate of HDFC Bank:

The HDFC bank offers an interest rate of 8.75% for 1 year to 5 years of investment with the bank. 

HDFC Bank Fixed Deposit Interest Rates for Senior Citizens:

The HDFC bank offers an interest rate of 8.75% for 1 year to 5 years of investment with the bank with an additional 0.50 percent for senior investors.

The HDFC bank provides higher Fixed Deposit rates for higher period fixed deposits. As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of Fixed deposit.

Official Website: www.hdfcbank.com
HDFC Bank Fixed Deposit Interest Rates Table Click Here
HDFC Bank Fixed Deposit Interest Rates 2016 HDFC Bank Fixed Deposit Interest Rates 2016 Reviewed by amara sangati for Rating: 5