HDFC Bank, the country’s largest private sector lender. Raised interest rates on fixed deposits of less than 2 crore today. Post revision on June 17, 2022, the bank increased interest rates on multiple tenors and currently offers from 2.75 per cent to 5.75 per cent for general public and 3.25 per cent to 6.50 per cent for senior citizens on deposit periods ranging from 7 days. 10 years.
HDFC Bank FD Rates
The bank increased the interest rate on deposits from 2.50 per cent to 2.75 per cent over 7 to 29 days, an increase of 25 basis points. The bank increased the interest rate on fixed deposits maturing in 30 to 90 days by 25 basis points from 3 per cent to 3.25 per cent. HDFC Bank will now offer an interest rate of 3.75 per cent on fixed deposits maturing in 91 days to 6 months, from 3.50 per cent earlier, representing an increase of 25 basis points.
Fixed deposits maturing in 6 months 1 day to 9 months will now earn 4.65 per cent from 4.40 per cent earlier, an increase of 25 basis points, while fixed deposits maturing in less than 1 year from 9 months 1 day to 4.65 per cent an increase of 15 basis points from the earlier 4.50 per cent. The bank will now offer an interest rate of 5.35 per cent on fixed deposits maturing in less than two years from one year to 5.10 per cent earlier, an increase of 25 basis points. Deposits maturing in two years, one day or three years will now see an increase of 5.50 per cent from 5.40 per cent, an increase of 10 basis points.
Fixed deposits maturing in 3 years 1 day to 5 years will now attract an interest rate of 5.70 per cent, which was 5.60 per cent earlier, while deposits maturing in 5 years 1 day to 10 years will now attract an interest rate of 5.75 per cent, which the bank has to offer. hasn’t changed.
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HDFC Bank offers elderly citizens the benefit of an additional rate of 0.50 percent over the regular rate on deposits maturing in 7 days to 5 years. However, HDFC Bank also offers a special fixed deposit scheme known as Senior Citizen Care FD, under which banks will pay an additional premium of 0.25 per cent over and above the existing premium of 0.50 per cent for an aggregate additional benefit of 75 basis points. promises. 1 day – 10 years on deposits maturing in 5 years. Senior residents will receive an interest rate of 6.50 per cent on this deposit term, which is an increase of 0.75 per cent from the standard rate of 5.75 per cent, but only for a limited time period up to September 30, 2022.