![]() ![]() Therefore, the interest rates are higher than Savings Account. The rate of interest is equivalent to that offered for a Fixed Deposit. The minimum period of deposit is six months, while the maximum period of a deposit is 10 years. Broker Services Wealth Imperia Preferred Classic Vishesh Prime INVEST Bonds, Mutual Funds. Finance Guru Speaks: This article will provide details on how you can close or cancel your online RD (Recurring Deposit) account through HDFC Bank Net Banking. One can invest with an amount as small as ₹1,000. Fixed Deposit Interest Rate Recurring Deposit Safe Deposit locker. The minimum amount of deposit varies from one bank to another. The recurring deposit schemes are considered beneficial for the salaried professionals as they don't have to invest a lump sum amount one at a time. It often provides flexibility and ease of investments. Akhilesh Kumar Roy, Head Branch Banking for Uttar. Total business stood at Rs 2,81,639 crore as of September 30, 2023, marking a year-on-year growth of 53 per cent. Recurring deposits are unique term deposits which allow people to make regular investments and earn decent returns on them. Lucknow, December 13, 2023: HDFC Bank, India’s leading private sector bank’s total business in Uttar Pradesh has crossed the Rs. The HDFC Bank interest rates are ranging from three per cent to six per cent on the deposits which mature in seven days to ten years for the general public, whereas the senior citizens are being offered 3.50 per cent to 6.75 per cent interest rates. ![]() Wrap up the year gone by & gear up for 2024 with HT! Click hereĪs per the report, the bank increased interest rates of fixed deposits of less than ₹2 crore with effective from October 11, 2022. ![]()
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