HDFC Bank FD Scheme : 21-Month Special Deposit Plan : HDFC Bank, India’s largest and most popular private sector bank, has introduced a special fixed deposit (FD) scheme with a tenure of 21 months. This FD scheme is currently offering one of the best interest rates in the market, making it a great option for customers looking to invest their savings securely. If you are planning to invest in a fixed deposit, this new scheme from HDFC Bank is worth considering. Let’s explore the details.
Why Choose HDFC Bank FD Scheme
When it comes to private sector banks in India, HDFC Bank is often the first choice for customers. The bank has consistently provided attractive deposit schemes along with competitive interest rates. Investing in fixed deposits is considered one of the safest options for individuals, as it ensures steady returns without market risk. This is why a large number of investors prefer fixed deposits for their savings.
Highlights of the 21-Month FD Scheme
The 21-month FD scheme from HDFC Bank is designed to provide good returns within a short to medium-term investment horizon. Under this scheme, regular customers can earn an interest rate of 6.60% per annum, while senior citizens enjoy a higher interest rate of 7.10% per annum.
Returns on Investment
If an individual invests ₹2.50 lakh in this 21-month FD scheme, they will receive a maturity amount of approximately ₹2,82,280. This translates to a profit of about ₹32,280 for regular customers. On the other hand, senior citizens will earn even more benefits, with a maturity profit of around ₹34,716 over the same tenure.
A Secure and Profitable Investment Option
Fixed deposits have always been a reliable investment choice for those who want both safety and assured returns. With HDFC Bank offering such attractive interest rates on its 21-month scheme, it becomes an excellent option for investors looking to grow their savings within a safe financial product.
