what is fcnr deposit in hdfc bank?
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FCNR Accounts are Term Deposit Accounts and not a Savings Account. Premature withdrawal is allowed by Banks but Interest is paid only post completion of 1 year. You can open an FCNR Account by transferring money from your existing Non-Resident External (NRE) Account.
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HDFC Bank charges a flat charge of Rs 5 + GST for IMPS transaction between Re 1 to Rs 1 lakh. Above that, from Rs 1 lakh to Rs 2 lakh, the bank charges Rs 15 + GST, as mentioned on the HDFC Bank's website. ICICI charges Rs 5 + GST for IMPS transaction amount up to Rs 1 lakh.
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HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It has a base of 104154 permanent employees as of 30 June 2019. HDFC Bank is India's largest private sector bank by assets.
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As per the current regulations, bank deposits are protected under the deposit insurance scheme and guarantee provided by the Deposit Insurance and Credit Guarantee Corporation of India (DICGC), a subsidiary of the Reserve Bank of India. ... NRIs prefer to keep their savings in bank deposits in India for easy liquidity.
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All deposits are payable only at the branch of ICICI Bank Limited where the deposit is made. ... Deposits are not insured by the FDIC or CDIC or any other insurance corporation outside India.
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HDFC Bank's operations are also more profitable -- its net interest margin at 3.2 per cent is way higher than that of ICICI Bank's 2.4 per cent. Also, it is able to access deposits at a lower cost. On an average, it pays an interest of 3.2 per cent while ICICI Bank shells out 4.5 per cent.
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The Bank also has a network of 13,514 ATMs across India. HDFC Bank's ATM network can be accessed by all domestic and international Visa / MasterCard, Visa Electron / Maestro, Plus / Cirrus and American Express Credit / Charge cardholders.
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If you are a Non-Resident Indian (NRI) and have currency of Rs 500 and Rs 1,000 you can deposit them in your NRO account. There is no limit on how much you can deposit. The same rules will apply to these accounts as the regular savings bank accounts.
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['Welcome HDFC Bank Home Page. Click onhttp://www.hdfcbank.com/to Visit HDFC Bank website. ... ', "Click on Login Button. Click 'Login' button to log on to the HDFC Netbanking.", "Continue to Netbanking. Click on 'Continue to Netbanking' button.", 'Login your Account. ... ', 'Account Summary. ... ', 'Account Number. ... ', 'View Account Balance. ... ', 'Mini Statement.']
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A Recurring Deposit is a special kind of term-deposit offered by banks in India, which help people with salaried incomes to deposit a fixed amount each month and earn an interest which is equivalent to the interest on Fixed Deposits or FDs. ... The minimum period of an RD is 6 months, and the maximum is 10 years.
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['Log into to your NetBanking Portal/Account on HDFC Bank website.', "Once logged-in, click the 'Cards'", "Then click on the 'Enquire' tab in the Debit Card section.", "Once you are taken to the next page, click on the 'Cashback Enquiry and Redemption' tab."]
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Visit nvenergy.com/arrange for more information regarding your account. A security deposit is due with your frst bill after your service is connected. Te deposit amount is based on the historic average monthly bill at your address. If the address does not have previous billing history, we charge a flat $100 deposit.
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HDFC Ltd is the parent company of HDFC Bank and there are many like HDFC Bank under the umbrella. ( HDFC Life, HDFC Red, HDFC Securities etc.) So, generally financial institutions are those related to financial sector( say directly with money) and it includes NBFC ( Non banking finance Corp) and Bank.
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It is classified as NBFC or Non Banking Finance Company. ... In 1994, HDFC Ltd promoted HDFC Bank, which is a Banking Institution offering the full range of deposit and asset products.
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The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.
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October 2015) (Learn how and when to remove this template message) A fixed deposit (FD) is a financial instrument provided by banks or NBFCs which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.
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['Step1. Write a cheque in favour of HDFC Bank Card A/c followed with your 16-digit credit card number.', 'Step2. Drop the cheque at an HDFC Bank ATM or branch.']