Fixed Term Deposit (HDC) - Institution

Invest with Confidence

This product is targeted at corporates, firms, parastatal bodies, government institutions and companies.

Benefits

  • Attractive interest rate. 
  • Automatic renewal of deposit.

Features

  • Minimum deposit: Rs 100, 000. 
  • Interest paid at maturity.
PERIOD 12 MTHS 24 MTHS 36 MTHS 48 MTHS 60 MTHS
Maturity* 1.10% 1.35% 1.85% 2.10% 2.60%


* linked to Repo Rate 
 

How to open an HDC account for Institutions/Companies?

The following documents are required:

  • Article/Memorandum of Association
  • Board Resolutions
  • ID card of Directors
  • Proof of address of Directors - Recent utility bill (e.g. CWA, CEB, telephone) or bank statement, not older than 3 months

Notes: the HDC certificate can be collected at any MHC office.

Benefits
  • Attractive interest rate. 
  • Automatic renewal of deposit.
Features
  • Minimum deposit: Rs 100, 000. 
  • Interest paid at maturity.
PERIOD 12 MTHS 24 MTHS 36 MTHS 48 MTHS 60 MTHS
Maturity* 1.10% 1.35% 1.85% 2.10% 2.60%


* linked to Repo Rate 
 

How to open an HDC account for Institutions/Companies?

The following documents are required:

  • Article/Memorandum of Association
  • Board Resolutions
  • ID card of Directors
  • Proof of address of Directors - Recent utility bill (e.g. CWA, CEB, telephone) or bank statement, not older than 3 months

Notes: the HDC certificate can be collected at any MHC office.

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