This special FD of HDFC is expiring soon with interest rates up to 7.50%

HDFC Limited, one of India’s leading housing finance companies, has introduced a special fixed deposit called “Sapphire Deposits”, which is effective from 14 October 2022. The company has introduced a one-of-a-kind fixed deposit with a tenure of 45 months. Its 45th anniversary. Interest rates will be applicable on deposits up to 2 crore under this limited time plan, which is available to both individuals and trusts. The scheme is valid till 31 October 2022 and investors can generate returns up to 7.50% which will be inflation beating returns for them.

HDFC Sapphire Deposit

Apart from monthly income plans, HDFC’s “Sapphire Deposit” also offers quarterly, half-yearly, yearly and cumulative options. The interest rate for the monthly income scheme is 7.25%, and minimum deposits are allowed 40,000. The interest rate for the quarterly option is 7.30%, and the minimum deposit amount is The interest rate for the 20,000 semi-annual option is 7.35%, and the minimum deposit amount is The interest rate for 20,000 annual income scheme is 7.50%, and the minimum deposit amount is 20,000 under the cumulative option, HDFC is offering an interest rate of 7.50% and the minimum deposit amount required is 20,000

On regular deposits, HDFC is currently offering interest rates ranging from 6.15% to 6.85% under Monthly Income Scheme, 6.20% to 6.90% under Quarterly Option, 6.25% to 6.95% under Half-Yearly Option, from 6.65% to Rs. Used to be. 7.05% under the Annual Income Scheme and 6.35% to 7.05% under the cumulative option of deposits maturing in 12 to 120 months. These interest rates are effective from September 30, 2022.

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HDFC Sapphire Deposit (HDFC.com)

For 28 consecutive years, two of the top credit rating agencies, CRISIL and ICRA, have given AAA rating to HDFC’s deposit program. HDFC has 420 interconnected offices spread across India serving its depositors, and 77 deposit centers provide instant services. The company offers a variety of electronic payment options, including the option to pay instant loans and interest on deposits. Being a leader in the industry for more than 35 years and HDFC has won the trust of over 6 lakh depositors.

Resident Indian citizens have a wide variety of deposit options, attractive interest rates and multiple interest payment options available with HDFC with maturities of 12 to 120 months. All deposit options are offered to adults 60 years of age or older with an additional 0.25% p.a.

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