HDFC Platinum Deposits @10% pa

HDFC Platinum Deposits – 3 Decades of excellence

Team CrawFin/Harshal Jawale, CFP^CM

With consistent performance for over three decades, HDFC Ltd. has earned its credibility from over 10 lakh depositors.

Interest Rates – 9.5 -10% for Individuals, 0.25% extra for Senior Citizens

Minimum Amount – INR 20,000

Duration – 15, 33, 60 months

Options ---

1. Monthly Income Plan - monthly interest payout
2. Non-Cumulative Plan – quarterly/ half yearly
3. Annual Income Plan – yearly
4. Cumulative Plan – lump sum

Best Option – Platinum Cumulative option for 15 months with 10%/pa Interest rate.

Depositor can benefit from -

1.             Highest Safety - AAA rating from both CRISIL and ICRA for 17 consecutive years
2.             Attractive & Assured Returns
3.             A wide range of deposits products to choose from
4.             Quick Loan against Deposit facility

Resident Individual Investors ---

Depositors can choose from a wide range of deposit products with maturities ranging from 12 to 60 months at competitive rates of interest and with different features to suit the investment needs of individuals. Senior citizens who are 60 years and above are offered an additional 0.25% p.a. on all deposit products

NRIs ---

Deposits from Non-Resident Indians and Persons of Indian Origin resident outside India holding PIO Card are accepted in accordance with the regulations governing the acceptance of deposits from NRIs. Depositors can choose from a wide range of deposit products with maturities ranging from 12 to 36 months at competitive rates of interest and with different features to suit investment needs of individuals. Senior citizens who are 60 years and above are offered an additional interest of 0.25% p.a. on all deposit products

Our Assessment –

With HDFC Ltd track record, its rating and interest offering at 10% is very attractive as against any bank deposit (9.25-9.6%) as on date. Only Company Fixed deposits are offering higher interest in the range of 10.75-12%/pa today with higher interest with high risks.

We recommend strong buy on HDFC Platinum deposits instead of any bank FD or PPF investments for some time i.e. as long as high interest remains.