How Does Fixed Deposit Work In Hdfc

How does fixed deposits account work.

How does fixed deposit work in hdfc. Hdfc fixed deposit assures maturity benefits on the deposited amount as the investment. Among those many products hdfc fixed deposit is one of the most opted products among common people. A fixed deposit is a type of an account opened with a bank where an assured rate of interest is paid for keeping the funds for a particular period. Hdfc bank fixed deposits and the interest on them are a good source of income in a safe and assured manner.

Through this facility hdfc bank gives you the option to do the needful in order to fulfill the saving needs of the customer. Know more about fixed deposit. Here is a fixed deposits calculator by hdfc bank that lets you identify the maturity amount and the interest earned when you open a fixed deposit. Fixed deposits are an easy way to earn returns from funds that are lying idle.

There are three ways to open fixed deposit in hdfc bank. You can open an fd for as less as 5 000 and use it as a back up for your savings or current account with sweep in and super saver facilities. Fd 8 00 rate. If your saving account balance exceeds a given threshold limit stipulated by you the excess amount is automatically converted into a fixed deposit and it begins to earn the regular fixed deposit interest.