SureCover FD: Double Protection

No, customer cannot avail another SureCover FD, if he has a Live SureCover FD under his customer id. However, Customer can avail another SureCover FD only after completion of 1 year from his existing FD maturity/pre closure date

• SureCover FD is a unique product proposition which offers Term Life Cover valid for 1 year on opening of the FD. The premium for the subsequent years i.e. 2nd year onwards (if availed) shall be chargeable and paid by the primary holder of the FD. 

• Term Life cover equivalent to FD principal value is given for the 1st year on a minimum deposit of Rs 2 lacs with a deposit tenure of >=1 year 
  
  

Yes. However, if the Fixed Deposit is liquidated fully or partially i.e. (>=50% of original principal value) within a year, then the insurance cover will be de-activated with immediate effect

The life insurance will be valid for one year and can be renewed by the primary holder 2nd year onwards by paying the applicable premium amount. 

Interest on SureCover FD is same as offered on Regular Fixed Deposit 

• Resident individuals in the age group of 18 to 50 years can book an HDFC Bank SureCover FD.

• Fixed Deposit should be of minimum ₹2 lakh and maximum ₹10 lakh.

• Tenure should range between 1 year and 10 years.

SureCover FD offers attractive returns on short-term investments, provides financial security through life insurance coverage, offers immediate liquidity through OD facility, allows flexibility in selecting minimum tenure options, and ensures assured returns and compound interest on reinvestment deposits.

TDS will be applicable on the SureCover FD as per the extant guidelines 

SureCover FD is a unique product which combines benefits of Fixed deposit & safety of insurance. A life insurance cover equivalent to the Fixed Deposit principal for the first year will be provided on booking HDFC Bank SureCover FD.

SureCover FD can be booked for minimum amount of Rs. 2 lacs & Maximum amount of Rs. 10 lacs

Yes, monthly/quarterly interest payout option is available on SureCover FD. However, rate applicable on monthly payout will be discounted over the standard deposit rate.

FD should be of Rs 2 lacs and above (max 10 lacs) and of minimum tenure of 1 year.
Age of customer investing in SureCover FD should be between 18 and 50 years and the customer should be in good health 

 
The following SureCover FD annexure is mandatory; Customer has to read, sign and attach the same with Fixed Deposit application form 

• Existing HDFC bank customers do not have to submit any other document along with Fixed Deposit application form apart from the SureCover FD annexure

• Non HDFC bank customers need to submit address proof, identity proof, recent photograph and SureCover FD annexure along with Fixed Deposit application form

• Click here to view the SureCover FD Annex

Residents Individuals falling in the age group 18 to 50 years can avail of the HDFC Bank SureCover FD

You can apply for Surecover Fixed Deposit via Net Banking. Please click here to book via Net Banking > Accounts > Transact > Fixed deposit < 5 crore > SureCover FD oOr by visiting your nearest HDFC Bank branch.

Customer does not have to pay any premium for the first year. However, the premium for subsequent years i.e. 2nd year onwards (if availed) shall be chargeable and paid by the primary holder of the FD 

You can apply for SureCover FD online via Netbanking. Please click here to book via NetBanking > Accounts > Transact> Fixed deposit < 5 Cr > SureCover FD Or by visiting a nearest HDFC Bank branch. 

Yes, non-HDFC Bank customers can apply for the SureCover FD by visiting their nearest HDFC Bank branch