Hdfc Fixed Deposit
In order to open a fixed deposit in HDFC Bank Online or Offline first of all you need to open a bank account in HDFC Bank. Once you have a bank account in HDFC Bank, there are 2 ways of getting a fixed deposit in HDFC Bank. First way is to login to your HDFC Internet Banking Account and open a fixed/term deposit in HDFC Online. Another way is to open a Fixed Deposit by personally visiting your HDFC Bank Home Branch. Before we proceed to know how to open fixed deposit in HDFC Bank or FD in HDFC Bank, let’s know what is a fixed deposit and some important things you must know to open a term deposit in HDFC Bank or FD in HDFC Bank.
What is a Fixed Deposit in HDFC Bank ?
A fixed deposit in HDFC Bank is nothing but a lump sum investment in the bank which provides investors with a higher rate of interest than a regular savings account till the given date of maturity.
Term Wise HDFC Fixed Deposit HDFC Bank Long-Term Fixed Deposits. FD with a lock-in period of =5 years are considered as long-term FDs-If you invest your money in a long-term FD then you will get the return according to the interest rate of 6.15% per annum, if the money deposited is less than 2 crore rupees. If there is a lien marked on the Fixed Deposit, please note that the Fixed Deposit will not be liquidated online. Please visit your HDFC Bank Branch for the same. In case of NRE deposit, no interest will be paid if the deposit is prematurely encashed before the minimum tenure of 1 year.
How to Open Fixed Deposit in HDFC Bank Online ?
In order to open a fixed deposit account in HDFC Bank Online, first of all you need to make sure that you have already registered and activated internet banking in HDFC Bank. If you have still not applied for Internet Banking in SBI, you must apply, register and activate internet banking in HDFC Bank. If you have forgot your Internet Banking IPIN, you can regenerate HDFC IPIN within minutes.
Once you have your HDFC Internet banking User Name and Password, and at least one transaction account mapped to the username, you can proceed with the process to open a Fixed Deposit in HDFC Bank.
Let’s now know the step by step procedure to open a fixed deposit in HDFC Bank Online.
Step 1 : First of all you need to open HDFC Bank Netbanking Website.
Step 2 : Sign in to your HDFC Bank Netbanking Account by entering your Customer ID and Password.
Step 3 : Find the ‘Fixed Deposit’ Option on the left sidebar.
Step 4 : Click on ‘Open New Fixed Deposit < Rs.1 Cr’ to open a Fixed Deposit Account in HDFC Online.
Step 5 : Now fill all the necessary information to create your Fixed Deposit Account in HDFC Bank.
- Account Number
- Home Branch/Others
- State (If Other than Home Branch is Selected)
- City (If Other than Home Branch is Selected)
- Branch (If Other than Home Branch is Selected)
- Deposit Amount(You can also View FD interest rates)
- Nature of Deposit
- Deposit Period
- Maturity Instructions
- Interest Payable
- Interest Payable Mode
- Principal and Interest Credit Account No.
Step 6 : Click on Continue to Proceed.
Step 7 : Put a check mark on the 2 check boxes at the bottom of the page and click on Confirm.
You’re done !
How to Open Fixed Deposit in HDFC Bank Offline ?
If you don’t have an internet banking account in HDFC Bank, you don’t have to worry. You can also open a fixed deposit in HDFC by visiting your HDFC Bank Home Branch. You just need to follow the simple steps given below and you will soon have a HDFC Bank fixed deposit account.
(1) Filling the Fixed Deposit Form
You can either collect a form for HDFC Bank Fixed deposit from your Home Branch or you can download the HDFC FD Form Online. Once you have the Fixed Deposit Form of HDFC Bank, you need to fill in all the required details.
(2) Gathering the Required Documents
Once you fill up the fixed deposit form, you need to gather all the documents which are required to open a Fixed Deposit Account in State Bank of India. You may be asked to submit self attested photostat copies of your PAN Card and Address Proof.
(3) Verifying the Documents for Term Deposit Account
Once you have filled the fixed deposit form and you have the required documents with you, you need to Visit the HDFC Bank Home branch to verify your documents.
(4) Submitting the Amount for Fixed Deposit in HDFC Bank
Hdfc Ltd Deposit
Once your documents are verified, you need to make sure that you have at least the amount in your bank of which you need to open Fixed Deposit. If not, then you must deposit the amount.
Hdfc Fixed Deposit Scheme
(5) Opening the HDFC Fixed Deposit
Hdfc Fixed Deposit Sweep In
Finally, you will need to submit all your documents along with the cash voucher(if you have submitted an amount). You will either be given your Fixed Deposit Account Details on the same day or you will be given a date on which you can collect your details.
These are the 2 different ways by which you can open a fixed deposit account in HDFC Bank. In my opinion, opening a fixed deposit online is an easy task and would not take more than 5 minutes. The only condition is that you need to have a net banking account in HDFC Bank.
Hdfc Bank Interest Rates
You may also like to Read :