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FD rate Hike: HDFC Bank has increased the interest rate on FD, know the new rates

HDFC Bank FD Rates: The bank has increased interest rates on FDs with tenures ranging from 3 years 1 day to less than 4 years 7 months by 0.20 per cent to 7.20 per cent.

The country ‘s largest private bank HDFC Bank has increased the interest rates on fixed deposits (FD). The bank is offering interest rates ranging from 3% to 7.25% to ordinary citizens on FDs of 7 days to 10 years. The highest interest rate is 7.25% on FDs with tenures ranging from 18 months to less than 21 months.

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HDFC Bank is currently offering 3% interest rate to ordinary citizens on FDs maturing between 7 days to 29 days. The interest rate on FDs maturing between 30 and 45 days is 3.50%. Whereas, the interest rate on FDs with tenures of less than 46 days and 6 months is 4.50%.

Also Read: Aadhaar-Ration Card linking date extended, how to link online? Know all the details here

Interest on 6 Month FD

The bank is offering 5.75 percent interest on FDs with tenures ranging from six months and one day to less than 9 months. The bank is offering 6 percent interest on FDs with tenures ranging from 9 months and one day to less than 1 year. The bank is offering 6.60 percent interest on tenures ranging from one year to less than 15 months. While FDs with tenures ranging from 15 months to less than 18 months are getting 7.10 percent rate. The bank is offering 7.25 percent interest rate on FDs with tenures ranging from 18 months to less than 21 months.

Interest increased by 0.20 percent

HDFC Bank’s new interest rate on FDs of tenures between 21 months and less than 2 years 11 months is 7 percent. The bank is offering 7.15 percent interest rate on tenures between 2 years 11 months to less than 3 years and between 2 years 1 day to 2 years 11 months. The bank has increased the interest rate by 0.20 percent to 7.20 percent on FDs of tenures between 3 years 1 day to less than 4 years 7 months. The bank is offering 7 percent interest rate on FDs of tenures between 5 years 1 day to 10 years.

 

Pravesh
Pravesh
Pravesh Maurya, has 6 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @themoneyplans.com@gmail.com
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