HDFC Now Offers Up To 7.50% Interest For 45 Months, Check Out Details Here

HDFC Ltd, one of India's leading housing finance companies, has introduced the "Sapphire Deposit", a special fixed deposit scheme, to commemorate its 45th anniversary. The special FD was introduced on October 14, 2022, according to the HDFC official website. This special FD scheme comes with a 45 Months special deposit period. Under this limited-period scheme, which is open to both individuals and trusts, interest rates will be applicable on deposits up to 2 Cr. Sapphire Deposit - Special FD scheme, individuals and trusts can earn up to 7.50%, which is an inflation-beating return.

Sapphire Deposits - Special FD scheme

The "Sapphire Deposits" on deposit period for 45 months offer interest rates up to 7.50% p.a. for monthly income plan, quarterly, half-yearly, annual, and cumulative payments. The interest rates are valid from November 14, 2022, on a deposit up to Rs 2 Crore, according to the HDFC official website.

Under the Deposit period of 45 Months for individual deposits, HDFC offers up to 7.25% interest rate p.a. on the Monthly Income Plan and Rs 40,000 is the minimum deposit to opt for the scheme. With a minimum deposit of Rs 20,000, HDFC offers 7.30% p.a. on the quarterly option and 7.35% p.a. on the half-yearly option. The Annual Income Plan and cumulative option have a 7.50% interest rate with a 20,000 minimum deposit requirement.

45 Months FD period Scheme valid from November 14, 2022, up to Rs 2 Cr Deposit

Period	Monthly Income Plan	Quarterly Option	Half-Yearly Option	Annual Income Plan	Cumulative Option
45 Months	7.25%	7.30%	7.35%	7.50%	7.50%
Minimum Amount (Rs.)	40000	20000	20000	20000	20000

Other Deposit Period Interest rates valid from November 14, 2022, up to Rs 2 Cr Deposit

Period	Monthly Income Plan	Quarterly Option	Half-Yearly Option	Annual Income Plan	Cumulative Option
33 Months	6.80%	6.85%	6.90%	7.00%	7.00%
66 Months	6.85%	6.90%	6.95%	7.05%	7.05%
77 Months	6.80%	6.85%	6.90%	7.00%	7.00%
99 Months	6.90%	6.95%	7.00%	7.10%	7.10%
Minimum Amount (Rs.)	40000	20000	20000	20000	20000

Source- HDFC.com