HDFC Bank: Increased FD rates, now there will be more benefits


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HDFC Bank FD Rates: HDFC, the largest private sector bank, has increased interest rates on fixed deposits of less than Rs 2 crore. According to the bank’s website, the new rates have come into effect from 8 November 2022. Almost all banks are increasing the interest rates on FDs after the RBI increased the repo rate. Since the change in interest rates, the bank has increased the interest rate on fixed deposits maturing in 15 months by 35 basis points. Now, HDFC Bank is offering interest rates ranging from 3 per cent to 6.25 per cent to common citizens on FDs maturing in 7 days to 10 years. For senior citizens, this interest rate ranges from 3.50 percent to 7 percent.

hdfc bank fd interest rate

HDFC Bank will continue to offer an interest rate of 3 per cent on deposits maturing in the next 7 to 29 days, with an interest rate of 3.50 per cent on deposits maturing within 30 to 45 days. The interest rate on deposits maturing in 61 days to 6 months will remain 4.50 percent on deposits maturing in 46 to 60 days. HDFC Bank interest rates will remain at 5.25 per cent for deposits maturing in 6 months, 1 day to 9 months and 5.50 per cent for deposits maturing in 9 months, 1 day to 1 year.

HDFC Bank: Increased FD rates, now there will be more benefits

increased interest rate

The bank has increased the interest rate from 6.15 percent to 6.40 percent on FDs maturing in 15 months 1 day to 18 months. The interest rate for this period has increased by 25 bps. Deposits maturing in 18 months to 2 years will now get an interest rate of 6.50 percent. Earlier this interest rate was 6.15 percent. On deposits maturing in 2 years, 1 day to 5 years, HDFC Bank has increased the interest rate by 25 basis points. The interest rate for this period has been increased from 6.25 percent to 6.50 percent. The bank has increased the interest rate by 5 bps on deposits maturing in 5 years, 1 day to 10 years. The bank has increased the interest rate for this period from 6.20 percent to 6.25 percent.

HDFC Bank offers 50 bps additional interest to senior citizens over the standard rate on all deposits maturing within 7 days to 5 years. HDFC Bank also offers a special FD scheme named “Senior Citizen Care FD”. This scheme comes with tenure ranging from 5 years 1 day to 10 years. The deadline to invest in HDFC Bank Senior Citizen Care FD is valid till March 31, 2023. The bank offers a regular rate of 6.25 per cent on FDs maturing in 5 years, 1 day to 10 years, but the interest rate for senior citizens is 7 per cent. This is 75 basis points more than the standard score.

HDFC Bank: Increased FD rates, now there will be more benefits

Only senior citizens (60 years and above) who are resident in India are eligible for this special HDFC plan. These special rates are applicable for resident deposits only. You can check FD related interest rates on the bank’s website.

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english summary

HDFC Bank Increased FD rates now there will be more benefits

HDFC, the largest private sector bank, has increased interest rates on fixed deposits of less than Rs 2 crore.





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