The products of HDFC Bank like credit cards and cms solutions, personal loan car loans business loans, etc will be now available to HDFC Ltd customers,' said Milan Sharma, Founder, 35North Ventures.

“I believe that from the customer's point of view, the merger will mean that they will have now access to more product range. The mortgage company's depositors may be given the choice by the bank to withdraw their money or have their deposits renewed at the prevailing interest rate at that time,' said Vinit Khandare, CEO and Founder, MyFundBazaar. “The deposit holders of HDFC Ltd would be impacted by the combination of HDFC Bank and HDFC Ltd. HDFC Bank offers an interest rate of 3% to 7.25% on FDs maturing in 7 days to 10 years. HDFC offers interest rates ranging from 6.56% to 7.21% for 12 months to 120 months.

The merged entity, which will be known as HDFC Bank, is likely to offer the depositors of the housing finance company an option to either withdraw their money or renew deposits. Meanwhile, Yes Bank has hiked the fixed deposit interest rate on selected tenure for deposits below ₹2 crore with effect from November 21, 2023.A person having fixed deposits (FD) with HDFC Ltd should first check whether their FD investment is done via auto-renewal or not. These rates are effective from 1 October 2023. Senior citizens will earn an interest rate of 3.5% to 7.75% on these deposits. In the event of premature withdrawal of these FDs due to a death claim, interest is to be paid to the claimant.Īfter the latest revision, the bank is offering an interest rate ranging from 3% to 7.20 % to general customers on deposits maturing in 7 days to 10 years. Any interest credited or paid up to the date of such premature closure will be recovered from the deposit In the event of premature withdrawal of these deposits (except for the deceased claim settlement case), the Bank will not pay any interest on the principal amount of the deposit. However, the Bank may allow premature withdrawal of these deposits in exceptional circumstances such as in the event of any direction from any judiciary /statutory / bankruptcy and/or regulatory authorities cases or deceased claim settlement cases These term deposits cannot be closed by the depositor before the expiry of the term of such deposit. What are non-withdrawable fixed deposits (FDs) HDFC Bank's non-withdrawal FD rates greater than or equal to ₹2 crore

Loan on fixed deposit hdfc