HDFC Bank Deposit Schemes
While various deposit products offered by the bank are assigned different names, the deposit products can be categorized broadly into the following types. Definition of major HDFC Bank Deposit Schemes are as under “Demand Deposits ” means a deposit received by the bank which is withdraw able on demand, “Savings Deposits” means a form of Demand Deposit which is subject to restrictions as to the number of withdrawals as also the amounts of withdrawals permitted by the bank during any specified period, “Term Deposit” means a deposit received by the bank for a fixed period withdraw able only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits / Fixed Deposits / Monthly Income Certificate / Quarterly Income Certificate etc.