HDFC Bank-HDFC Ltd merger: What it Means for Fixed Deposit holders—all your questions answered
The HDFC Bank-HDFC Ltd merger ensures a seamless transition for customers, including fixed deposit holders. Your FD account number remains unchanged, along with the terms and conditions of your FD until maturity. With the inclusion of HDFC Ltd deposits in the deposit insurance scheme, your funds are protected up to Rs 5 lakh. Remember to follow the predetermined rules for premature withdrawal, and for recurring deposits, existing accounts will be unaffected. Overall, the merger aims to provide e...
Deposit Insurance Credit Guarantee Corporation Housing Development Finance Corporation Bank Merger How It Bank Merger Image Source Fixed Deposit Image Source
Source: timesnownews.com