You may break you FD and withdraw your money subject to minimum moratorium requirements.
However, in case of premature withdrawal, HDFC pays maximum interest of 4% on deposits kept for 3 to 6 months and 1% lower ROI on applicable rate for actual duration on deposits kept for more than 6 months.
Loan against HDFC FD
HDFC offers loan upto 75% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.
HDFC Interest Rates in your city. How and where to apply?
Keep your KYC documents - PAN card, address proof and photo ready.
In case you already hold an account with HDFC, you don’t need to submit KYC documents again.
Housing Development Finance Corporation Limited or HDFC Ltd was founded in October 17th 1977 as the first specialised mortgage company in India with its head office at Mumbai with an objective to enhance the residential housing stock in the country through the provision of Housing Finance in a systematic and professional manner, and to promote home ownership. HDFC was promoted by the Industrial Credit and Investment Corporation of India. The company got the certificated of commencement of business on 3rd December. HDFC provides housing finance in India. The corporation provides long term housing loans mainly to low and middle income individuals and corporate bodies. HDFC is a leading provider of Housing Finance in India.
The Company has a network of approximately 330 offices (which includes 83 offices of its wholly owned distribution company HDFC Sales Private Limited) catering to over 2,400 towns & cities spread across the country. It also has offices in Dubai, London and Singapore and service associates in the Middle East region, to provide housing loans and property advisory services to Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs).
Its product range includes loans for purchase and construction of a residential unit, home improvement loans, home extension loans, non-residential premises loans for professionals and loan against property etc. In 2012, HDFC Limited was recognised as one of India's 'Best Companies to work for' in a joint study conducted by The Economic Times and 'The Great Place to Work Institute'. In 2013, a survey on "India's Best Boards" listed HDFC's Board of Directors among the 5 best boards in India. The company have market capitalization of Rs. 206,783.13 crores. Company reported profit of Rs. 7,440.24 crores as on year ended 31st March 2014.
15th Feb 17 HDFC Ltd to raise Rs. 5,000 crore via Masala Bonds
HDFC Ltd is planning to raise funds worth Rs. 5,000 from international investors via Masala Bonds. The bonds with a tenure of three years are expected to be issued in FY17. The bank plans to utilise the funds for funding growth in its home loan business.
31st Jan 17 HDFC Ltd registers a 12 percent growth in its net profit during third quarter of FY17
HDFC Ltd has reported a growth of 12 percent in its net profit at Rs. 1,701 crore in third quarter of FY17 as compared to Rs. 1,521 crore for the corresponding period a year ago. The increase in profitability is contributed by the healthy growth in net interest income. Loan disbursements to individuals grew by 14 percent during the quarter.
30th Jan 17 HDFC Ltd is expected to register a decent growth in its net profit in FY17
Analysts at CNBC have forecasted a decent growth in net profit of leading housing finance company, HDFC Limited in third quarter of FY17. As per the polls, the bank is expected to witness a growth of 11 percent in its net profit to Rs. 1,681 crore on a year on year basis. The housing finance company is yet to announce its Q3 results of FY17.
20th Jan 17 HDFC Limited reduces retail prime lending rate (RPLR) by 15 basis points for existing home loan borrowers
HDFC Limited has reduced its retail prime lending rate (RPLR) by 15 basis points for existing home loan borrowers. The revised PLR now stands at 16.15 percent as compared to 16.30 percent earlier. Home loan rates are calculated by reducing the spread from PLR.
19th Jan 17 HDFC Limited with Duville Estate launches a subvention scheme for new homebuyers in Pune
HDFC Limited in association with Duville Estate Estate has launched a subvention scheme for their new home buyers in its new project Riverdale Heights in Pune. Under the scheme, buyers can make an initial down payment of less amount of Rs. 51, 000 in addition of statutory payments such as service tax, VAT and stamp duty.
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at email@example.com to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.