Ads
related to: hdfc flexi deposit interest rate- Savings Calculator
See How Much You Can Save Over time
w/ our Savings Account Calculator
- Learn About Saving
Using a High-Yield Savings Account
Has Many Benefits. Learn More!
- Start Saving Today
Open an Account with CIT Bank™
Earn More with Great Rates
- 100+ Years of Experience
The Bank Subsidiary of CIT Group
a Leading Financial Holding Company
- Savings Calculator
Search results
Results From The WOW.Com Content Network
A Flexi-Fixed deposit is a special kind of deposit offered by banks in India. It is a combination of a demand deposit and a fixed deposit . The depositor is able to enjoy both the liquidity of savings and current accounts and the high returns of fixed deposits.
A fixed deposit (FD) is a tenured deposit account provided by banks or non-bank financial institutions which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.
However, a high-yield savings account is better if you prefer easy access to your cash, plan to make regular deposits or want to take advantage of the best interest rates on the market.
Tax deducted at source (TDS) is applicable on recurring deposits in India. If the interest earned on recurring deposits exceeds Rs. 40,000 a year, TDS at the rate of 10% would be deducted by the bank. Income tax is to be paid on interest earned from a Recurring Deposit at the rate of tax slab of the Recurring Deposit holder. Investors with no ...
In addition to its core mortgage lending operations, HDFC had diversified interests through its associate and subsidiary companies, including banking, life and general insurance, asset management, venture capital, and deposit services. [9] In July 2023, HDFC merged with HDFC Bank, India’s largest private-sector
On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [23] [24] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.