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Revision Of HDFC Deposit Rates From 3rd May 2012:


HDFC has revised deposit interest rates with effect from 3rd May 2012.

HDFC has reduced deposit rates from 10% to 9.75% for general public for their platinum deposits,cumulative option.

Revised Platinum Deposit Rates:

Deposit Period Monthly Income Plan Quarterly Income Plan Half-Yearly Income Plan Annual Income Plan Cumulative
15 Months 9.4 9.45 9.55 NA 9.75
33 Months 9.4 9.45 9.55 9.75 9.75
Min.Deposit 40,000/- 20,000/- 20,000/- 20,000/- 20,000/-

All above rates on per annum basis.

Case Study For Deposit Of Rs. 1 lakh for 33 Months:

  • Monthly Interest Income Plan: Apprx. Rs.783 for 33 months.
  • Quarterly Interest Income Plan: Apprx Rs.2362/-
  • Half-Yrarly Interest Income Plan : Apprx Rs. 4775/- .
  • Annual Interest Income Plan:Rs.9,775/-.
  • Maturity Amount of cumulative Option:Rs,1,29,155/-.

HDFC Regular Deposits:

Period(Months) Monthly Income Quarterly Income Half-Yrly Income Annual Income Cumulative
12-23 8.9 8.95 9.05 NA 9.25
24-35 9.05 9.1 9.2 9.4 9.4
36-47 9.15 9.2 9.3 9.5 9.5
48-60 8.9 8.95 9.05 9.25 9.25
Min Deposit 40,000/- 20,000/- 20,000/- 20,000/- 20,000/-

Notes:

  1. Interest rates are compounded annual basis.
  2. Senior citizens are eligible for extra rate of 0.25% above rates shown above.
  3. Above rates are applicable for deposits upto Rs. 1 crore.

 


Category: Fixed Income

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