– The Housing Development Finance Corporation Limited (HDFC), one of the largest private sector banks in India, which had a network of 1,725 branches as at March 2010, opened 275 new branches in the current fiscal. The bank now has a total network of 2,000 branches spread across 1,000 cities.

Hasmukhbhai Parekh

Housing Development Finance Corporation

5,608 branches

The highlighted ones are the metrics where HDFC Bank has performed better than ICICI Bank….ICICI Bank has outpaced HDFC Bank on nearly every count in the last three months.

HDFC Bank has a secure banking policy to protect you while your perform banking transactions online. At HDFC Bank, we strive to give you a secure online banking experience. Learn all about banking online safely, and the measures we take to protect you here.

Which is a better bank for Personal Loan – SBI or HDFC Bank? SBI offers lower Personal Loan EMI at 1832 on a Personal Loan for 72 Months as compared to HDFC Bank with a minimum EMI of 2137 for 60 Months. Average customer ratings for SBI is currently at 3.6/5.0 which makes it a good choice for taking a Personal Loan.

Both Axis Bank and HDFC Limited follow the same formula when it comes to ascertaining the loan amount. But, in terms of interest rates, HDFC is a better option as its highest rate is 8%. Whereas, Axis Bank Home Loan Interest rates are can go upto 8.55%.

Investing in a fixed deposits with the highest rating of AAA, rated by ICRA and CRISIL, is a reliable investment option. Thus, HDFC Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is.

Fixed deposit accounts are an excellent investment vehicle for those investors who don’t want to bear any risk. If you wish to sustain the money over the years and are not looking for growing wealth or if you are looking for steady returns, you can go for FD accounts.

Fixed Deposits (FDs) are one of the safest and most preferred investment options available to those averse to investing in risk instruments such as equity and mutual funds. However, before you invest in a FD, you need to consider the following points: ⦁ Safety: FDs are secured investments that offer assured returns.

HDFC Bank Medium-Term Fixed Deposits The highest HDFC Bank FD rates paid in this slot is 5.50% p.a. The tenure of investment in a long-term FD can range between 1 year 17 days and 5 years.

Domestic / NRO / NRE FIXED DEPOSIT RATE ​​​​​​​

With HDFC Fixed Deposit, you can invest your money for a tenure anywhere between 7 days to 10 years and earn interest over the deposited amount. You can earn FD interest rate of 5.50% p.a. for a tenure ranging between more than 5 years and 10 years. Senior citizens enjoy an additional rate of interest of 0.50% p.a.

The interest amount earned at the end of maturity of a Fixed Deposit is higher than the interest earned on an RD. The interest amount earned is lesser than the interest earned on an FD. The interest earned on an RD is paid on maturity along with the capital amount.

Is RD interest taxable?: Recurring Deposits attract no tax exemptions. Income tax has to be paid on the Interest amount received from Recurring Deposits. The tax has to be paid at the rate of the tax slab of the RD holder.

A tax-saving fixed deposit (FD) account is a type of fixed deposit account that offers a tax deduction under Section 80C of the Income Tax Act, 1961. Any investor can claim a deduction of a maximum of Rs. 1.5 lakh per annum by investing in a tax-saving fixed deposit account.