Housing Development Finance Corporation HDFC is currently offering Fixed Deposits named as HDFC Smart Deposits solely for companies.
Any corporate body & pvt limited company can invest in this fixed deposit scheme.
Minimum application amount is Rs.5 Lakh & max application amount is Rs.5 Crore.
Last month HDFC was changed interest rates for smart deposits & current deposit rates are as follow:
Interest Rates:
Quarterly Interest Payment Option:
| Period | Rate Of Interest |
| Amount upto 1 Crore | |
| 12 M < 24Months | 9.10% |
| 24 M <=36 Months | 9% |
| Amount 1 Cr – 5 Cr | |
| 12 months | 9.10% |
| 24 month | 9.10% |
| 36 Months | 9% |
Annual Payment / Cumulative Option:
| Period | Rate Of Interest |
| Amount upto 1 Crore | |
| 90 Days < 365 Days | 9.00% |
| 12 M < 24Months | 9.40% |
| 24 M <=36 Months | 9.30% |
| Amount 1 Cr – 5 Cr | |
| 90 Days < 365 Days | 9.00% |
| 12 months | 9.40% |
| 24 month | 9.40% |
| 36 Months | 9.30% |
Imp Notes:
- Interest Rates tend to change & interest rates applicable as on date of application are applicable.
- TDS subject to tax rules.
- Interest rates on deposits above Rs.5 Crore as per extant guidelines.
