Country HDFC Bank, the largest private bank of India, has increased the interest rates on fixed deposits (FDs). The bank is offering interest rates ranging from 3% to 7.25% to general citizens on FDs ranging from 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. HDFC Bank is currently offering 3% interest rate to general citizens on FDs maturing in 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 tenure of less than 46 days and 6 months is 4.50%.
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.
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