HDFC Limited, the parent organization of HDFC Bank, has revised its deposit rates w.e.f. 22-July-2010. Following are the new deposit rates-
Credit Ratings:
- CRISIL : FAAA
- ICRA : MAAA
HDFC FD Forms:
Procedure to apply for HDFC fixed deposit:
- Download form from above list
- Attach PAN card copy
- Deposit at nearest HDFC Branch or send it to our address
For any query, email at fd@moneyvriksh.com
HDFC Limited, the parent organization of HDFC Bank, has revised its deposit rates. This is for the first time that HDFC has done upward revision in interest rates. In 2009, HDFC decreased minified interest rates 4 times. This is the first interest revision of 2010 and is welcomed by all investors.
HDFC FD Interest Rate w.e.f. 08-March-2010
Credit Ratings:
- CRISIL : FAAA
- ICRA : MAAA
HDFC FD Forms:
Procedure to apply for HDFC fixed deposit:
- Download form from above list
- Attach PAN card copy
- Deposit at nearest HDFC Branch or send it to our address
For any query, email at fd@moneyvriksh.com
HDFC Limited has launched the systematic saving plan wherein people can invest fixed amount every month to get variable interest ranging from 7.00% to 7.75% per annum. Named differently, the plan works exactly as a bank recurring deposit (RD). One can invest Rs.2,000 to Rs. 50,000 per month for minimum period of 24 months and maximum of 5 years. It is a medium to long term installment plan offering assured market related returns to retail individual investors. Credit rating assigned to HDFC is ‘AAA’.
Rates effective from March 8, 2010
| Period (Months) |
Rate of Interest (% p.a.) |
| 24 - 35 |
7.25 |
| 36 – 59 |
7.50 |
| 60 |
8.00 |
Minimum Monthly Savings Amount – Rs. 2000.
Interest Rates are subject to change without any prior notice.
Product Features
Eligibility:
All Resident individuals can open the SSP account. SSP is available at select centres where ECS facility is available.
Monthly Savings Plan:
SSP is a monthly savings plan where one can save as little as Rs. 2000 per month and accumulate a larger capital for future needs.
Variable rate of interest:
Interest rate on SSP is linked to the benchmark rate and will vary from time to time with the benchmark rate. Benchmark rate is the rate of interest applicable on SSP product from time to time for the corresponding period. Rate of interest (ROI) will be reset at the beginning of each calendar quarter.
Convenience:
SSP provides the convenience of ECS (Debit clearing) facility where the monthly savings amount is automatically transferred from the account-holder’s bank account to the SSP account every month on a pre-determined date.
Flexibility:
Depositor has the flexibility to choose any deposit period between 24 and 60 months to plan the future needs.
Accumulation of interest:
Interest will be accrued and credited (net of TDS) on 31st March every year.
Resident Individuals can open the SSP account by remitting the first month’s savings amount through an account payee cheque drawn in favour of HDFC Ltd, along with duly filled-in application form and ECS (debit clearing) Mandate attested by the depositor’s banker. The subsequent month’s savings installments will be directly transferred through the ECS (debit clearing) system on pre-determined dates every month as indicated in the application form/mandate. HDFC will issue a Deposit Receipt for the initial deposit amount at the time of opening the account indicating terms of the deposit. A consolidated statement of account giving details of all transactions will be sent annually as of 31st March.
How to Apply for HDFC SSP?
- Download Application Form of the scheme from here
- Attach KYC Documents
- Attach ECS Mandate duly counter-signed by your bank
- Attach Account Payee cheque for the initial monthly savings amount drawn in favour of HDFC Ltd
- Submit the form at nearest HDFC branch or send it to our address
Download Application form to read complete details of the scheme
Image courtesy: HDFC Ltd.
In view of the changes in Market Scenario, HDFC has realigned the interest rates on its fixed deposit products with effect from November 12, 2009. The revised interest rates applicable on HDFC deposits are given below:
HDFC FD rates (effective from 12 Nov 2009)
To apply for fixed deposits, mail at fd@moneyvriksh.com
HDFC interest rate
HDFC has further reduced its interest rates. Now, it is offering 7.65% p.a. for 24-35 months, 7.90%p.a. for 36-59 months and 8.25 for 64-85 months deposits. All details are attached. Click the image to see all offered rates.
Meanwhile, Individual companies are offering better interest rates that can be seen on www.moneyvriksh.com/fixeddeposits
For the second time in May, HDFC has reduced interest rates for its term deposits. The new deposit rates mentioned above are effective from 19th May, 2009
In view of further softening of interest rates in the economy, HDFC has reduced its deposit rates with effect from May 08, 2009. New rates are as above.
Fixed Deposit | admin | July 25, 2010 | 
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