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HDFC Ltd-HDFC Bank Merger: If you have a fixed deposit with HDFC Ltd., you are bound to witness certain changes post-merger. Your FD account number with HDFC Ltd. will remain the same after the HDFC Ltd.-HDFC Bank merger. But will the merger impact your FD interest rate, premature withdrawal, pay-out, maturity instructions? ET Wealth explains.

The terms of your FD along with interest rates, interest computation methodology, tenure, maturity instructions and pay-outs will remain same until maturity/renewal of your FD.

Housing Development Finance Corporation (HDFC) Ltd. and HDFC Bank will become a merged entity on July 1, 2023.

HDFC Bank has released a new set of FAQs related to fixed deposit investment and the merger’s impact on FD investors.

On June 30, the boards of HDFC Ltd and HDFC Bank gave their final approval for the merger. The record date has been fixed for July 13, said the private lender.