hdfc fixed deposit form
DESCRIPTION
Locate a branch near you http://www.hdfc.com/others/hdfc_branch_locator.asp About the Product & Company In order to provide the convenience of savings from regular income and to create a substantial capital amount for future needs, few branches and KPs have been suggesting that HDFC should have a product under its gambit to take care of investment needs of young breed of individual investors. HDFC Systematic Savings Plan (SSP) is a long to medium term installment plan offering assured market related returns to retail individual investors. SSP would be very attractive as compared to other installment product available for medium to long tenures, both for investors and distributors. The salient features are as under : Product Features Eligibility: All Resident individuals can open the SSP account. SSP is available at select centres where ECS facility is available. Monthly Savings Plan: SSP is a monthly savings plan where one can save as little as Rs. 2000 per month and accumulate a larger capital for future needs. Variable rate of interest: Interest rate on SSP is linked to the benchmark rate and will vary from time to time with the benchmark rate. Benchmark rate is the rate of interest applicable on SSP product from time to time for the corresponding period. Rate of interest (ROI) will be reset at the beginning of each calendar quarter. Convenience: SSP provides the convenience of ECS (Debit clearing) facility where the monthly savings amount is automatically transferred from the account-holder's bank account to the SSP account every month on a pre-determined date. Flexibility: Depositor has the flexibility to choose any deposit period between 24 and 60 months to plan the future needs. Accumulation of interest: Interest will be accrued and credited (net of TDS) on 31st March every year. Rate of Interest Rates effective from February 3, 2010 Period (Months) Rate of Interest (% p.a.) 24 - 35 7.00 36 – 59 7.25 60 7.75 Minimum Monthly Savings Amount – RsTRANSCRIPT
