Latest HDFC Fixed Deposit Interest rates, Know All about it

by Narendra Pratap Job Seeker

What do we generally do for our left out money? We want to invest it where we could get good and handsome returns at less risk. And where do we go for the first time when it’s the time for savings and investments? Yes, we go for fixed deposits as it guarantees fixed rate of return with absolutely zero risk. And now a days what’s safer than that? Real estate, equities, mutual funds are all volatile in nature, thus, does not promises fixed returns and even does not promises returns sometimes. So, where the common man should go and knock the door for secured fixed investments? And the answer is “Fixed deposits”.

HDFC Bank as one of the top private sector banks gives us the opportunity to invest in its safe and fixed sort of investment and that is HDFC Bank Fixed Deposits. Let’s talk about some of its benefits in brief:

ü  Safer Investment with handsome returns.

ü  Competitive interest rates that gives you one of the highest returns.

ü  Make use of Sweep in facility where you can withdraw your money (even partly) from your FD, any time you need, through ATM or cheque, in which your remaining balance will convert into a new FD automatically and interest accrued upon your withdrawal amount will be credited to your savings account.

ü  You can use internet banking also to book your fixed deposits anywhere, without physically being present in a branch.

ü  Calculate your interest in advance by using HDFC Bank Fixed deposit calculator.

Therefore, these are some of the benefits of booking an FD with HDFC Bank Fixed deposit. Now, let’s talk about HDFC Bank Fixed deposit interest rates 2014:

HDFC Bank Fixed deposit Interest rates 2014:

For deposits Less than Rs 1 crore:

·          If the deposits are being invested for 7 – 14 days then the interest rate per annum would be 3.50% and 4.00% for senior citizens.

·          If the deposits are being invested for 15 – 29 days then the interest rate per annum would be 5.00% and 5.50% for senior citizens.

·          If the deposits are being invested for 30 – 45 days then the interest rate per annum would be 6.00% and 6.50% for senior citizens.

·          If the deposits are being invested for 46 days–6 months then the interest rate per annum would be 8.25% and 8.75% for senior citizens.

·          If the deposits are being invested for 6 months 1 day to 1 year then the interest rate per annum would be 8.75% and 9.25% for senior citizens.

·          If the deposits are being invested for 1 year 1 day – 1 year 16 days then the interest rate per annum would be 9.00% and 9.50% for senior citizens.

·          If the deposits are being invested for 1 year 17 days to 5 years then the interest rate per annum would be 8.75% and 9.25% for senior citizens.

·          If the deposits are being invested for 5 years 1 day – 10 years then the interest rate per annum would be 8.25% and 8.75% for senior citizens.

For deposits more than 1 crore up till 5 crores:

·          If the deposits are being invested for 7 – 14 days then the interest rate per annum would be 7.50% and 8.00% for senior citizens.

·          If the deposits are being invested for 15 – 29 days then the interest rate per annum would be 8.00% and 8.50% for senior citizens.

·          If the deposits are being invested for 30 days to 6 months then the interest rate per annum would be 8.25% and 8.75% for senior citizens.

·          If the deposits are being invested for 6 months 1 day – 9 months then the interest rate per annum would be 8.50% and 9.00% for senior citizens.

·          If the deposits are being invested for 9 months 1 day to less than 1 year then the interest rate per annum would be 8.75% and 9.25% for senior citizens.

·          If the deposits are being invested for 1 year then the interest rate per annum would be 9.00% and 9.50% for senior citizens.

·          If the deposits are being invested for 1 year 1 day to 5 years then the interest rate per annum would be 8.75% and 9.25% for senior citizens.

·          If the deposits are being invested for 5 years 1 day – 10 years then the interest rate per annum would be 8.25% and 8.75% for senior citizens.

Note:

Ø  All the above rates are subject to change, so you need to have a look at it very often in order to get the latest details.

Ø  If the FD is broken before 7 days, then no interest will be accrued on it.

Therefore, these are the HDFC Bank FD interest rates, which you can even use to calculate your future amount of investment by using HDFC Bank Fixed Deposit calculator. Plan your investments in advance to secure your future from contingencies.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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