Key Points
With the mega merger of HDFC Bank and HDFC Ltd just round the corner, ET takes a look at what this means for home loan borrowers, bondholders of the mortgage lender, and its deposit holders...
HDFC Ltd deposit holders have always enjoyed marginally higher interest rates as compared to HDFC Bank..
At the time of the merger, the bank is likely to give deposit holders of the mortgage company an option to either withdraw their money or renew deposits at the interest rate being offered at that time..
Those opting for renewal of fixed deposits would likely get marginally lower interest rates compared to what they got at HDFC...
But in HDFC Bank, deposit holders can break their fixed deposits prematurely after paying a penalty...
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