HDFC bank increases their FDs rates for selected tenors. The rates are effective from 1st December 2021. According to bank website , HDFC bank is offering a 2.50 % interest rates on FD deposits with a maturity time 7 to 29 Days , 3 % interest rate on FD deposits with a maturity time of 30 to 90 days , 3.5 % interest rates on FD deposits with a maturity time of 91 days to 6 months , 4.4 % interest rates on FD deposits with a maturity time of 6 months 1 day to less than 1 year tenor , On one year FDs bank provide 4.9 % interest , On FD maturity time is one or two year HDFC bank increased interest rate 5 %.
All about HDFC bank -
HDFC bank is one of india's leading private sector bank and HDFC bank is the first private in india to receive approval from Reserve Bank of India (RBI) to set up a first private sector bank in 1994. The bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional / branch banking on the retail side. It also offers financial services . The bank's segments include Treasury , retail banking wholesale banking and other banking business. The treasury segment primarily consists of net interest earnings from the bank's investment portfolio, money market borrowing and lending , gains and losses on investment operations and on account of trading in foreign exchange and derivative contracts. The retail banking segment serves retail customers through a branch network and other delivery channel , as well as through alternative delivery channel. The bank provides its corporate and institutional clients a range of commercial and transactional banking products. The other banking business segment includes income from para banking activities. Today HDFC Bank has banking network of 5,653 branches and 16,291 ATMs in 2,917 cities/towns.About the Bank.
How to open Fixed Deposit (FD) account in HDFC account.
A fixed deposit is a best way to invest lumpsum money. If you have a bank account it is easy to open FD by visiting the nearest branch or through your net-banking account.
How to open FD online
You can open FD online in easy Four steps :-
1. Log in to your Net Banking Account
2. Click the TRANSACT section and choose Open Fixed Deposits.
3. Select the branch and tenure and amount, appoint a nominee, click continue and then confirm.
How to open FD account in HDFC bank branch
If you are HDFC saving account holder and want to FD by visiting the nearest branch then fill FD application form and submit it in branch office.
How to Open FD if you don't have saving account.
If you don't have saving account and you want to open FD account then you can easily open FD with holding a account in bank, the steps are easy 1. Submit your identity cards, address proof, 2. Complete your KYC, 3. Fill your application form and submit form in the branch.
| Name of the bank | for general citizens | for senior citizens |
| State bank of india | 2.90 to 5.40 % | 3.40 to 6.20% |
| HDFC bank | 2.50 to 5.50% | 3 to 6.25% |
| Punjab national bank | 2.90 to 5.50% | 3.50 to 5.75% |
| Canara Bank | 2.90 to 5.25% | 2.90 to 5.75% |
| Axis bank | 2.50 to 5.75% | 2.50 to 6.50% |
| Bank of baroda | 2.80 to 5.25% | 3.30 to 6.25% |
| IDFC bank | 2.50 to 5.28% | 3 to 5.75% |
| Bank of India | 2.85 to 5.05% | 3.35 to 5.5% |
| Punjab and sind bank | 3.0 to 5.30% | 3.50 to 5.80% |
| Name of the Bank | for General Citizens | for Senior Citizens |
| Yes bank | 3.25 - 6.50% | 3.75- 7.25% |
| IndusInd bank | 2.50 - 5.50% | 3 - 6% |
| UCO bank | 2.75 - 5% | 3 - 5.50% |
| United bank of india | 2.90 - 5.15% | 3.40 - 5.65% |
| Allahbad bank | 2.90 - 5.15% | 3.40 - 5.65% |
| Central bank of India | 2.75- 5% | 3.25 - 5.5% |
| Indian bank | 2.90 - 5.15% | |
| Indian overseas bank | 3.40 - 5.20 % | 3.90 - 5.70 % |
| Bandhan bank | 3.00 - 5.50 % | 3.75 - 5.00 % |
| DBS Bank | 2.50 - 5.50 % | 3.50 - 6.00 % |
| Andhra bank | 3.00 - 5.50 % | 3.50 - 6.00 % |
Frequently Asked Questions
Q. What is meant by Fixed Deposits ?
A fixed deposit, also known as FD, is an investment instrument offerred by bank and non bank (NBFC) to the their customers to help them to earn extra income without any risk. With an FD account you can invest a sizeable amount at predefine interest rate or fixed period of time.
Q. How does a fixed deposit work ?
In a fixed deposit, the sum of money is blocked for the period of the deposit. Banks allow depositors the flexibility to invest their funds from periods as low as 7 days to 10 years .
Q. Is FD is BAD ?
No, but FD is taxable, and their interest (return) rates are limited and fixed.
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Frequently Asked Question
Q. What is an IPO ?
IPO or Initial public offering is a way where company want to raise sum amount of money for their business expansion, paying debt, etc. It is a process where private limited company convert into public limited company which is traded publicly in Stock exchanges like Bombay stock exchange and national stock exchange.
Q. Who decides the price of IPOs ?
Company decides the price of IPO with the help of Lead mangers. Sebi or stock exchange does not interfere in the price of IPOs . There is risk in decide best and suitable premium rate for IPOs because investors do not like higher premium rates.
Q. Who will decides dates of IPO or listing date ?
Once SEBI and Stock exchanges approved for IPO then company cunsult with lead managers or registrar , stock exchanges to fix the date.
Q. What is the Role of Registrar ?
Basis work of Registrar are to provide facility like transfer stocks to investor demat accounts, transfer refunds in the investor account who do not get IPO and they are registered with SEBI and Stock Exchanges.
Q. Is it mandatory to have PAN number to apply for IPO ?
YES, since july 2006, SEBI made PAN compulsary for IPO applicants.
Q. How many times One person apply ?
Only one time a one person will be applied but you apply for IPOs from your family's account.
Q. How IPOs listing price is decided ?
The listing price of IPO is decides through book building by syndicate of investment banks.
Q. One can apply for IPO for Offline ?
Yes, you can apply for IPO offline.
Q. How many days IPOs subscription open ?
At least 3 working days IPO will be open for subscription.
Q. What is 'market lot' or 'Minimum order quantity' ?
When a company launches a IPO , company decide, how many numbers of shares that an investor can get .
Q is it mandatory trading account apply for IPO ?
No, it is not mandatory for demat account.