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If you are looking for a Fixed Deposit (FD) scheme that fetches an attractive rate of interest with high safety, then HDFC Platinum Deposit Scheme is one of the best products available in the current market scenario. The scheme offers attractive rates in the range of 8.50-8.80% p.a for 22/33 Months tenure w.e.f. December 09, 2010. It also carries a rating of ‘FAAA’ and ‘MAAA’ by CRISIL and ICRA respectively indicating highest safety.
Rate of Interest:
Period | Monthly Income Plan | Quarterly Option | Half Yearly Option | Annual Option |
22 Months | 8.50% | 8.55% | 8.65% | 8.80% |
33 Months | 8.50% | 8.55% | 8.65% | 8.80% |
Minimum Amount (Rs) | 40,000 | 20,000 | 20,000 | 20,000 |
The above rates are applicable for deposits below Rs. 1 Cr
Scheme Details:
- Loan against deposit available after 3 months from the date of deposit
- No TDS on interest paid upto Rs.5,000 in a financial year
- Interest compounded annually under Cumulative Interest Plan
- 0.25% p.a. additional interest for Senior Citizens
Who can apply?
Individuals: Residents, minors through guardians, HUF and NRIs
Trusts & Institutions: Charitable Trusts, religious trusts, educational institutions, association of persons, co-operative societies, partnership firms and others as decided by management
About HDFC:
HDFC was incorporated in 1977 with the primary objective of meeting a social need - that of promoting home ownership by providing long-term finance to households for their housing needs. It is a professionally managed organisation with a board of directors consisting of eminent persons, professionals who represent various fields including finance, taxation, construction and urban policy & development. Over the years, HDFC has developed a vast client base of borrowers, depositors, shareholders and agents, and it hopes to capitalise on this loyal and satisfied client base for future growth. Internal systems have been developed to be robust and agile, to take into account changes in the volatile external environment. HDFC has developed a network of institutions through partnerships with some of the best institutions in the world, for providing specialised financial services.
Company Financials:
Particulars | 2005-06 | 2006-07 | 2007-08 | 2008-09 | 2009-10 |
Gross Income (Rs.Cr) | 4,278.39 | 5,896.26 | 8,196.05 | 11,017.66 | 11,360.83 |
Profit After Tax (Rs.Cr) | 1,257.30 | 1,570.38 | 2,436.25 | 2,282.54 | 2,826.49 |
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