The computation of interest and payout will be in line with your chosen payout instruction of monthly/quarterly.
Scenario 2: Monthly/Quarterly Payout of Interest - If you have a monthly/quarterly FD, the interest rates payable will be in line with the published card rate of the Bank on the date of booking the FD. We calculate our interest rates quarterly. The interest rate payable on the FD will be as per the published card rate of the Bank on the booking date. Scenario 1: Reinvest Interest - If you have a reinvestment FD booked with HDFC Limited, it will be renewed under a suitable HDFC Bank product with the same tenor and prevailing value bucket. Here are the different scenarios you may encounter: It will be auto-renewed in a suitable HDFC Bank deposit product with prevailing interest rates. That's a great question! Suppose you have an existing HDFC Limited deposit with us.
