HDFC Bank Non-withdrawable Deposits
The Non-withdrawable deposits offered by HDFC is considered to be a safe investment. According to the Bank this deposit offers a higher return rate when compared to other regular fixed deposit schemes.
The minimum amount for this deposit scheme is Rs.2 Crore.
HDFC Bank Non-withdrawable Deposit Benefits
Minimum Amount | Rs.2 Crore |
Minimum Tenure | 1 year |
Maximum Tenure | 10 years |
HDFC Bank Non-withdrawable Deposit Eligibility
The following individuals/institutions are eligible for opening a HDFC Bank non-withdrawable deposit -
- Indian residents
- Trust accounts
- HUF
- Partnership firms
- Sole proprietorship firms
- Limited companies
How to Open a HDFC Bank Non-withdrawable Deposit Account
To open a HDFC Bank non-withdrawable deposit account, visit your nearest HDFC bank. There a representative of the bank will help you open a non-withdrawable deposit account.
HDFC Bank Non-withdrawable Deposit Interest Rates
The interest rates for HDFC Bank non-withdrawable deposit interest rates are mentioned below for deposits between Rs.2 crore to Rs.5 crore
Tenure | Interest Rates for General Public (p.a.) |
1 Year to < 15 months | 7.55% |
15 months to < 18 months | 7.45% |
18 months to < 21 months | 7.45% |
21 months to 2 years | 7.45% |
2 year 1 day to 3 years | 7.20% |
3 year 1 day to 5 years | 7.20% |
5 year 1 day to 10 years | 7.20% |
*Note: New rates are effective from 23 January 2025 and can change from time to time. Please contact the bank for senior citizen rates for HDFC Bank Non-withdrawable Deposit scheme.
FAQs on HDFC Bank Non-withdrawable Deposits
- What is the maximum tenure period for HDFC bank non-withdrawable deposit?
The maximum tenure period for HDFC bank non-withdrawable deposit is 10 years.
- Can I reinvest the compound interest gained from the HDFC bank non-withdrawable deposit?
Yes, you can reinvest the compound interest gained from the HDFC bank non-withdrawable deposit.
- Is the quarterly payout option available for the HDFC bank non-withdrawable deposit?
Yes, quarterly payout option is available for the HDFC bank non-withdrawable deposit.
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