The country’s largest private bank HDFC Bank has revised its interest rates on fixed deposits. HDFC Bank will offer 7.40 percent interest to the general public and 7.9 percent to senior citizens on deposits between Rs 3 crore and Rs 5 crore, depending on the tenure.
On FDs of 7 to 29 days and 30 to 45 days, the bank will earn 4.75 percent and 5.50 percent respectively. Investors will earn 5.75 percent on FDs of 46 to 60 days and 6 percent on FDs of 61 to 89 days. The bank offers several deposit options with tenures ranging from 7 days to 10 years.
Apart from this, HDFC Bank has changed the MCLR from January 7, 2025. The new rates are from 9.15 percent to 9.45 percent per annum. The MCLR has been reduced from 9.15 percent to 9.20 percent. The one-month MCLR remains at 9.20 percent, while the three-month rate is still at 9.30 percent. The MCLR for six-month and one-year tenors has increased from 9.50 percent to 9.45 percent. Meanwhile, the three-year and two-year MCLR is 9.45 percent.
How much return on FD in Axis Bank
Axis Bank is offering 7.30 percent interest on FD of Rs 3 crore to Rs 5 crore for a period of one year, 11 days to one year, 24 days to the general public. The bank is giving 7 percent return on FD of two years to 30 months. To senior citizens, the bank is giving 7.80 percent interest on FD of one year, 11 days to one year, 24 days and 7.50 percent interest on FD of two years to 30 months.
FD Returns in State Bank of India
On deposits of Rs 3 crore or more, State Bank of India is offering interest of 7 percent to regular customers and up to 7.50 percent to senior citizens on deposits of 1 year to less than 2 years and less than 2 years.
FD returns in PNB
PNB, the country’s second largest government bank, offers 7.25 percent interest on one-year deposits of Rs 3 crore to Rs 10 crore to regular citizens and 7.55 percent to senior citizens.
