Download the Financial Express App for the latest finance news. Get live Share Market updates, Stock Market Quotes, and the latest India News and business news on Financial Express. The interest will be paid on a compounded basis if the period of money deposited is 6 months and above. With this scheme, the depositor has the option to draw their interest either monthly or quarterly or on maturity. Step 5 : Fill in the details and Confirm. Click on ‘Modify’ to modify the nominee details add a new nominee or replicate nominee of another account. Step 4 : Select the Account for which you want to update the nominee. Step 3 : Select ‘View/Update’ Nomination Details. Even though no penalty will be levied in respect of the partial withdrawal of deposit, note that the value of the deposit – the principal amount, will be reduced accordingly by the bank. Step 2 : Go to the Request section of ‘Accounts’ tab. Explore our list Frequently Asked Question across various products & services offered by HDFC Bank.
This can be done in an emergency without the depositor breaking the entire deposit and therefore not losing interest on the remaining deposit under the scheme. Get answer to all your banking & finance related queries at HDFC Bank. The depositor has the facility to withdraw any amount before maturity subject to a minimum withdrawal of Rs 1000 – at a time. The tenure of this deposit is set from 46 days to 120 months.
The PNB Sugam Term Deposit Scheme can be opened with a minimum deposit of Rs 10,000, and up to a maximum amount of Rs 10 crore. Your Money: Rate cuts coming, but how soon?
