How to Open HDFC Bank Fixed Deposit Account
Updated on: Aug 29th, 2023
Fixed Deposits are some of the most sought out forms of investment given their risk-free nature and constant income stream. HDFC Bank is known to be one of the most trustworthy private banks in India.
The bank offers competitive interest rates for its customers, with the rates of interest differing for senior citizens. If the investor has a saving account or current account with HDFC Bank, then, Fixed deposit account can be opened in both online and offline way-
Opening an HDFC FD account in the Online Method
Step 1- Login to your Net Banking Application.
Step 2- Select 'Transact' and choose ‘Open Fixed deposit.’
Step 3- Fill in the required details after selecting the bank's branch.
Step 4- Enter the deposit amount and select the tenure of FD. Also, enter the nominee details.
Step 5- Click confirm and continue.
Opening an HDFC FD account in the Offline Method
Step 1- Visit the bank branch.
Step 2- Take the FD application form.
Step 3- Fill in the required details and submit the necessary documents.
Step 4- Submit the form to the branch.
Eligibility Criteria to Open a Fixed Deposit with HDFC
To invest in HDFC Bank Fixed Deposits, the following are eligible
- Sole proprietorship firms
- Partnership firms
- Trust accounts
- Hindu undivided families
- Limited companies
Documents Required to Open an HDFC Fixed Deposit
The following documents are required to invest in HDFC bank Fixed deposits
- Aadhaar card
- Voter ID
- Ration card
- PAN card
- Driving Licence
Can an investor change the tenure of HDFC bank FD?
No, HDFC Bank does not allow to change the tenure of the FD. Either they say to close the existing FD and start a new one with the tenure required.
Can more funds be added to the current HDFC bank FD account?
No, more funds cannot be added to the current HDFC bank FD account.
Is the Rs.5 lakh DICGC insurance cover applicable on HDFC bank FD?
Yes. Rs.5 lakh DICGC insurance cover is applicable on HDFC bank FD
Is there any restriction on the number of FD accounts to be opened in HDFC Bank?
No, the investor can open as many FD accounts with HDFC bank as they wish.
returns on FD
Lock in returns as high as
8.35% before they go down
Open FD in Top Banks
Top Banks FD Schemes
Understanding Fixed Deposit
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