No public deposits

HDB Financial Services Limited interest rates · November 2026

Overview

HDB Financial Services Limited (HDB Financial) is a non-banking finance company (NBFC), headquartered in Mumbai.

Headquarters
Mumbai
Ownership
Non-deposit-taking NBFC-ICC (RBI upper layer, publicly listed)
Operates in
All India (nationwide)

RBI classes it as an NBFC that does not accept public deposits, so there are no FD or RD rates to compare. Non-banking finance company (NBFC): deposits are not insured by DICGC. Compare the credit rating along with the rate.

RBI record

Every RBI press release since 1 Jan 2024 that names HDB Financial Services Limited, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.

A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.

  1. RBI fined the bank ₹4.20 lakh

    RBI's reason: “for non-compliance with certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’ issued by RBI”

    What RBI found

    “The company failed to obtain Permanent Account Number (PAN) or equivalent e-document thereof or Form No. 60 in certain loan accounts disbursed during FY 2023-24.”

    RBI says: “This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company.”

    RBI press release 2025-2026/1243

This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.

Good to know

  • HDB Financial Services Limited does not accept public deposits: RBI classifies it as a non-deposit-taking NBFC (or as an infrastructure or investment company), so there are no fixed deposit rates to compare. It raises money through bonds, debentures and bank borrowings, which are market instruments, not deposits.
  • HDB Financial is a non-banking finance company, not a bank. Its deposits are not covered by DICGC insurance, so compare its credit rating and financial strength, not just the rate.

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