HDFC Bank increased the interest rate
HDFC Bank, one of the private sector banks, has increased the interest rates on fixed deposits. According to the information received, these interest rates will be applicable on bulk deposits between 2 crore to 5 crore. The bank is giving the benefit of 4.50% to 7.00% interest rate on FDs ranging from 7 days to 10 years to General Citizens and 5.00% to 7.75% to Senior Citizens. The new interest rates will be applicable from January 27, 2023.
Getting this much interest rate
The bank offers an interest rate of 4.50% on deposits maturing in 7 to 29 days, 5.25% on deposits maturing in 30 to 45 days, deposits maturing in 46 to 60 days currently at 5.50% from HDFC Bank Interest rate and deposit tenure of 61 to 89 days currently offering an interest rate of 5.75%.
And now 6.25% interest rate on deposits maturing in 90 days to 6 months, 6.50% interest rate on deposits maturing in 6 months and 1 day to 9 months, deposits maturing in 9 months, 1 day to 1 year But 6.65% and deposits maturing in 1 year to 15 months are getting the benefit of 7.00% interest rate. The bank is now offering an interest rate of 7.15% on deposits from 15 months to two years and 7.00% on deposits from one day to ten years.
On the other hand, on fixed deposits below ₹ 2 crore, the bank is getting the benefit of 3.00% to 7.00% interest rate for general public and 3.50% to 7.75% interest rate for senior citizens on deposits maturing in 7 days to 10 years.
HDFC Bank hikes FD rates, now avail maximum interest rates up to 7.75%