What Is The FD Rate In HDFC Bank?

Is HDFC Bank in financial trouble?

HDFC Bank stands out in India’s struggling financial sector.

Its gross bad loan ratio has held steady at around 1.4%, while rivals have been forced to caution by growing stress among once-reputed companies, developers and shadow lenders..

Which bank FD rate is high 2020?

Fixed Deposit Interest Rates 2020BanksFD Interest RatesTenureHDFC3.00% – 6.25%7 days to 10 yearsPNB Housing Finance7.20% – 8.00%12 months to 120 monthsICICI Bank3.25% – 6.25%7 days to 10 yearsAxis Bank3.50% – 6.75%7 days to 10 years3 more rows

How many years FD will double in HDFC Bank?

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.

Which is better RD or FD?

Although FD earn higher than RD, it’s not feasible for a single product to meet all your needs. When you do not have a lumpsum to invest but can save a defined amount from your income every month, a recurring deposit is a more viable product. … But when you have a lumpsum to invest then FD is a wiser choice.

Which bank is highest FD rate?

Best FD Interest Rates in IndiaFD TenureHighest FD RateBanks with highest FD rate1 year FD7.00%IndusInd Bank, Yes Bank2 year FD7.10%Equitas Small Finance Bank3 year FD7.50%Jana Small Finance Bank5 year FD7.00%Jana Small Finance Bank

What is the interest of 1 lakh in HDFC Bank?

HDFC Bank Fixed Deposit Calculator 2020TenureRatesMaturity Amount for ₹ 1 Lakh1 year5.10% to 5.60%₹ 1,05,198 – ₹ 1,05,7191 year 1 day to 2 years5.10% to 5.60%₹ 1,05,213 – ₹ 1,11,7642 years 1 day to 3 years5.15% to 5.65%₹ 1,10,792 – ₹ 1,18,3313 years 1 day to 5 years5.30% to 5.80%₹ 1,17,128 – ₹ 1,33,3658 more rows•Sep 23, 2020

Is HDFC Safe 2020?

But that doesn’t mean that you can put all banks in the same risk bucket. So your bank Fixed Deposits (FDs) are safe. … These are banks that are too-big-to-be-allowed-to-fail banks of India. And these are State Bank of India (SBI), HDFC Bank and ICICI Bank.

Which FD is best in HDFC Bank?

There are flexible tenure options such as short-term, medium-term, and long-term FDs. HDFC NRE & NRO fixed deposit interest rate ranges from 3.50% to 6.15%. The best interest rate offered for HDFC Bank Fixed Deposits lesser than INR 2 crore is 6.15% and 6.65% for individuals and senior citizens investing respectively.

Is HDFC Bank safe for FD?

Private Sector Banks are as safe as Public Sector Banks. It’s extremely safe to invest in fixed deposits of ICICI Bank, HDFC Bank, Axis Bank, Yes Bank, IndusInd Bank and Kotak Mahindra Bank among others as they follow RBI rules and guidelines. Private Sector banks have lower NPAs compared to PSBs.

How many years FD will double?

To know the time duration in which your FD amount will get doubled, you have to divide 72 with the highest rate. For example, if the highest rate on FD is 7.35%, then the number of years in which your FD will get doubled is 72/7.35= 9.80. Thus, it will take 10 years for your FD to get doubled.

How is FD maturity amount calculated?

The formula to determine FD maturity amountP is the principal amount that you deposit.r is the rate of interest per annum.t is the tenure in years.

Is Post Office FD safe?

However, post office term deposits are totally risk-free as they are backed by the government. Bank FDs are insured only up to R1 lakh. … If you are looking for a safe investment, bank FDs are suitable for you.