3rd February 2018 04:06 PM | |
sumit | Re: HDFC Bank Recurring Deposit As per your concern I will gather information of HDFC Bank, Recurring Deposit facility so that you can have idea about such deposit. Features of recurring deposit An investment as small as Rs. 1000 (and in multiples of Rs. 100 there after) or as large as Rs. 14,99,900 per month A minimum tenure of 6 months (and in multiples of 3 months thereafter) up to a maximum tenure of 10 years. For NRI customers, the minimum tenure of RD is 12 months. For a much smaller investment per month, get interest rates equal to that of regular Fixed Deposits. Maturity Interest is paid only on maturity. The Deposit shall be due for repayment and shall mature on completion of the contracted tenure, even if there are installments still to be paid. The maturity amount mentioned on the Recurring deposit confirmation advice is subject to the payment of all installments on time In case of any delay in the payment of scheduled installments, the maturity amount shall change Payment of interest on Recurring Deposits TDS will be deducted when interest payable or reinvested on RD and FD per customer across all branches, exceed Rs.10000 in a financial year The interest rates for recurring deposits will be the same as the rate applicable for a simple Fixed Deposit. Benefits For a much smaller investment per month, get interest rates equal to that of regular Fixed Deposits. Ease to submit 15G/H form through Netbanking Set instructions to convert your RD into an FD at maturity Eligibility Resident individuals Hindu Undivided Families Private & Public Limited Companies Trust & Societies Address:- HDFC Bank 1st Floor,C.S.No.6/242, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013. |
3rd February 2018 04:06 PM | |
Unregistered | HDFC Bank Recurring Deposit Would you please gather information about Recurring Deposit facility offer to customers by HDFC Bank? |