Open Fixed Deposit Offerring High Interest Rates and Guaranteed Returns

To open a Fixed Deposit account, you typically need to provide identification documents such as a PAN card, Aadhaar card, passport, driver's licence, and proof of address. 

A Fixed Deposit (FD) is a financial instrument where you deposit a lump sum of money with a bank for a fixed period at a predetermined interest rate.

The minimum deposit amount is ₹5,000. There is no specific maximum limit for most FDs. 

TDS will be deducted if interest payable/reinvested on RD and FD exceeds ₹50,000, ₹1,00,000 for senior citizens, in a financial year. There are certain tax benefits available on selected FDs such as the Five Year Tax Saving Fixed Deposit.

Investing in bank Fixed Deposits offers assured returns and capital protection with minimal risk. It provides a stable and predictable way to grow your savings. FDs offer flexible tenure options and competitive interest rates.

You can add a nominee when opening the FD account or update it later through NetBanking, visiting a branch or contacting customer service.

The Sweep-in facility links your savings or current account with the FD. It enables the automatic transfer of funds from FD to the account when the balance falls below a certain threshold.

Investing in an FD may be relatively safe because the returns are assured and known at the time of booking. Additionally, bank deposits are insured up to ₹5 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC).

You can withdraw your FD before maturity. However, a premature withdrawal penalty may apply. Please contact your RM in case you need to make premature withdrawals.

You can open multiple FDs with HDFC Bank, as there is no limitation on the maximum number of FDs you can open.

HDFC Bank offers loans against your FD. You can borrow up to 90% of the deposit amount without breaking the FD.

Interest can be received monthly, quarterly or at maturity, based on your preference.