This special HDFC FD expires soon with interest rates up to 7.50%

HDFC Ltd, one of India’s leading housing finance companies, has introduced a special fixed deposit called “Sapphire Deposits” which is effective from October 14, 2022. The company has launched a one-of-a-kind fixed deposit with a duration of 45 months to commemorate its 45th anniversary. Interest rates will be applied on deposits up to 2 Cr under this time-limited program, which is available to both individuals and trusts. The program is valid until October 31, 2022 and investors can generate returns of up to 7.50%, which would be an anti-inflationary return for them.

HDFC sapphire deposit

In addition to monthly income plans, HDFC’s Sapphire Deposits also offer quarterly, semi-annual, annual and cumulative options. The interest rate for the monthly income plan is 7.25% and the minimum deposit allowed is 40,000. The interest rate for the quarterly option is 7.30% and the minimum deposit amount is 20,000. The interest rate for the semi-annual option is 7.35% and the minimum deposit amount is 20,000. The interest rate for the annual income plan is 7.50% and the minimum deposit amount is 20,000. Under the cumulative option, HDFC offers an interest rate of 7.50% and the minimum deposit amount required is 20,000.

On regular deposits, HDFC currently offers an interest rate ranging from 6.15% to 6.85% under the monthly income plan, from 6.20% to 6.90% under the option quarterly, 6.25% to 6.95% under the semi-annual option, 6.65% to 7.05% under the annual income plan and 6.35% to 7.05% under under the cumulative option for deposits maturing between 12 and 120 months. These interest rates are effective as of September 30, 2022.

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HDFC sapphire deposit (

For 28 consecutive years, CRISIL and ICRA, two of the major credit rating agencies, have awarded HDFC’s deposit program AAA ratings. The 420 interconnected offices that HDFC has scattered across India serve its depositors, and 77 drop-off centers offer instant services. The company offers a variety of electronic payment options, including instant loans against deposits and the ability to pay interest. Being an industry leader for over 35 years, HDFC has earned the trust of over 6 lac depositors.

Resident Indian citizens have access to a variety of deposit options with maturities ranging from 12 to 120 months, attractive interest rates and multiple interest payment options at HDFC. All deposit options are offered with an additional 0.25% per annum to seniors aged 60 or over.

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