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Home » Our Products » Fixed Deposit » HDFC Ltd.

HDFC Ltd.

HDFC is a leading provider of Housing Finance in India. HDFC has delivered consistent performance and has gained the trust of more than 6 lakhs depositors. HDFC Ltd. has 474 offices across India. It has a broad Loan book of Rs. 3,87,753 crores and has a consistent profit margin of more than 30% in the last 5 years. It has the lowest NPA to advance ratio of 0.80%. Company has shown a high complaint redressal of 99%+. HDFC has received AM rating for its deposit programme from CRISIL and ICRA for 24 consecutive years. The above details show the strength of HDFC from both financial and rating wise.

What are the schemes of deposits available?


Non – Cumulative:

In a ‘Non-cumulative scheme’ the interest is payable on a half-yearly or quarterly basis. The option will be convenient for someone (like pensioners) who requires periodic cash flow.

Cumulative:

In the “Cumulative deposit scheme’, the interest is payable at the time of maturity along with the principal. This scheme is suitable for people who do not require periodical interest payments. This option generally results in overall better yield due to the compounding effect.

Minimum Deposit:

  • • Cumulative deposit scheme: Rs.20,000
  • • Non cumulative scheme: Rs. 40,000


Suitability:

This fund is Suitability investors:

  • • Looking for Better returns than Bank FD
  • • Wants Safety of Capital

Interest Rates:

1) Company Name: HDFC Premium Deposit (upto Rs. 2 Cr.) For Individual

Rating: FAAA CRISIL , MAAA ICRA

Period: 1yr/12 18M 2yr/24 3yr/36 4yr/48 5yr/60 6yr/72
Interest Rate (%)
15M-5.90
22M=6.00
22M=6.00
30M=5.95
30M=5.95
44M=6.20
44M=6.20

Minimum Amount: 10,000/-

Remarks: 0.25% extra for Sr. Citizen upto Rs.1 Crore

2) Company Name: HDFC Ltd-Regular (upto Rs. 2 Cr.)- For Individual

Rating: FAAA CRISIL , MAAA ICRA

Period: 1yr/12 18M 2yr/24 3yr/36 4yr/48 5yr/60 6yr/72
Interest Rate (%)
5.85
-
5.85
6.05
6.05
6.05
6.05

Minimum Amount: 10,000/-

Remarks: 0.25% extra for Sr. Citizen upto Rs.1 Crore

Premature Withdrawal:

a) After 3 months but before 6 months: The maximum interest payable shall be 4% per annum for individual depositor, and no interest in case of other category of depositors

b) After 6 months but before the date of maturity: The interest payable shall be 1% lower than the interest rate applicable

Taxability:

The interest income from Company FDs are added to Total Income of an investor under the head ‘Other Income’, and accordingly taxed as per tax slab of the investor. If the estimated annual interest is likely to exceed Rs.5000/- during the financial year, then the interest payment will be subject to tax deduction at source (TDS).

However, to avoid such deduction of Tax, the investors can furnish self-declaration in Form 15G/H or by submitting the Exemption certificate from the perspective income tax authority for every financial year.

Note: Senior Citizens (60 years+) will be eligible for an additional 0.25% p.a. on deposits upto Rs. 1 Crore

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