Interest on the deposit is compounded quarterly. HDFC Bank 5 Year tax saving FDĪ tax savings investment option that qualifies for tax deduction under Section 80C of the Income Tax Act. Resident Indians, Organisations, HUFs, Sole proprietorship firms, trusts, and companies can open a regular fixed deposit account. Also, one can always calculate their loan EMI using the loan EMI calculator. However, the loan interest rate varies based on the bank and type of loan. Loans such as loan against property, business loan, education loan, etc., can be taken against FD. Individuals can take a loan against a fixed deposit of up to 90% on the deposit amount.
Also, the Sweep and super saver facilities are available. Additionally, a nomination facility is available. Regular FD can be conveniently booked through net banking. The Regular fixed deposit FD provides flexibility and security to the depositor. HDFC Bank Fixed deposit schemesįollowing are the types of HDFC Bank fixed deposit schemes:
One can invest in HDFC Bank FDs through both online and offline modes with just a minimum investment of INR 5,000. The interest rate on HDFC Bank FDs is higher in their savings account. HDFC Bank offers multiple fixed deposits for various tenures with different interest rates to its investors.
