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November 15th, 2017, 09:25 AM
Super Moderator
 
Join Date: Mar 2012
Re: Recurring Deposit HDFC Bank

Put little sums in Recurring Deposit and get Fixed Deposit loan costs! Boost its advantages to suit your requirements.

What are the advantages?

For a considerably littler venture for each month, get financing costs equivalent to that of customary Fixed Deposits.

A venture as little as Rs. 1000 (and in products of Rs. 100 from that point) or as expansive as Rs. 14,99,900 every month

A base residency of a half year (and in products of 3 months from there on) up to a greatest residency of 10 years.

Straightforwardness to submit 15G/H shape through Netbanking

Set directions to change over your RD into a FD at development

Benefiting assignment office while booking store on the web

Who is qualified?

• Resident individuals
• Hindu Undivided Families
• Private & Public Limited Companies
• Trust & Societies

Important Information

Installment of enthusiasm on Recurring Deposits


TDS will be deducted when premium payable or reinvested on RD and FD per client over all branches, surpass Rs.10000 in a money related year

The financing costs for repeating stores will be the same as the rate appropriate for a basic Fixed Deposit.

With impact from Oct 24, 2015, the accompanying changes would be relevant to every Recurring Deposit. Enthusiasm on a Recurring Deposit will be figured from the date the portion is paid The technique for count of enthusiasm on RDs will be on Actual/Actual Quarterly Compounding. TDS on RD is material according to Finance Act 2015. TDS on RD will be recuperated from the connected CASA.

Maturity

Interest is paid just on maturity.

The Deposit might be expected for reimbursement and should develop on finish of the contracted residency, regardless of the possibility that there are portions still to be paid.

The development sum said on the Recurring store affirmation exhortation is liable to the installment of all portions on time

If there should be an occurrence of any deferral in the installment of booked portions, the development sum might change

Recurring Deposit Rates (Resident and NRE Customers)



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