Open Fixed Deposit and Recurring Deposit Accounts in Few Clicks
Having savings has always been an important aspect of financial planning and earning. Even when you were a child, the habit of saving by putting money in a piggy bank was a habit your parents inculcated in you. The reason for this is obvious - to ensure you develop the discipline needed to achieve future financial or lifestyle goals and be ready for unpredictable emergencies.
In India, Fixed Deposit (Fixed Deposit) and Recurring Deposit (Recurring Deposit) accounts are amongst the most popular savings instruments. From parents opening Fixed Deposits for their children to salaried individuals setting up Recurring Deposits to save a part of their monthly income, almost everyone has one such account. They are also a preferred choice when it comes to investing because they are reliable and have minimal risks. While opening an Fixed Deposit or Recurring Deposit, you get a fixed interest rate, so you are guaranteed the said amount at the time of maturity. This way, your money is protected from the market fluctuations.
Why choose HDFC Bank when it comes to investing in Fixed Deposits and Recurring Deposits?
Investing your hard-earned money with India’s no.1 Bank means that the safety of your money is guaranteed.
With HDFC Bank, you can pick a duration of your Fixed Deposit or Recurring Deposit based on your needs; a minimum of 6 months and then in multiples of 3 months thereafter.
While the minimum deposit for Fixed Deposit is Rs 5000, for Recurring Deposit, it is Rs 1000 and in multiples of Rs 100 thereafter to a maximum Rs. 1.99 Crore.
If you need funds urgently, you can always opt for an overdraft against your Fixed Deposit.
Managing your Fixed Deposit and Recurring Deposit becomes far more convenient when you have a Savings Account in the same bank. When deposits are scattered in multiple banks, handling your finances and keeping track of them can turn into a messy affair with multiple account details, bank ID and passwords to remember.
With HDFC Bank, you can open both a Savings Account and a Fixed Deposit or Recurring Deposit with minimal hassle. Here’s how this works in your favour.
1) Easy transfer of money from bank account to deposit
You can transfer money to your HDFC Bank Fixed Deposit and Recurring Deposit right from your HDFC Bank Savings Account with just a few clicks via NetBanking or MobileBanking. This will save you the hassle of physically visiting a bank to drop a cheque or logging into multiple banking portals to make a deposit or transfer money by adding beneficiaries.
2) Track your deposits
With HDFC Bank MobileBanking and NetBanking, you can easily view your deposits, calculate your deposit based on the current interest rate offered and book deposits as per your financial requirements. Single held individual account holders can avail OD online without having to visit the bank. All you have to do is become an HDFC Bank account holder.
Sign up for InstaAccount
Opening a Savings Account with HDFC Bank takes just a few minutes. With the InstaAccount App or website, you can now open a Savings Account from anywhere and at any time. This way, you can do away with the tedious paperwork, long lines at the bank and save your precious time. With InstaAccount, you will get your customer ID and account number instantly, and the account will be enabled for NetBanking and MobileBanking usage. This makes opening Fixed Deposit and Recurring Deposit easier than ever. With all these measures in place, you can be sure that with HDFC Bank, instant banking is now a reality!
With HDFC Bank, you can open both a Savings Account and a Fixed Deposit or Recurring Deposit with minimal hassle. Here’s how this works in your favour.
Click here to open you Savings Account now!
*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.