HDFC Bank increased fixed deposit rates on select tenues. All you need to know

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HDFC Bank: The country’s largest private sector bank HDFC Bank has given a gift to its crores of customers. After the RBI’s monetary policy meeting, HDFC Bank has increased the interest rates on Fixed Deposit. The bank is offering FDs from 7 days to 10 years

The country’s largest private sector bank HDFC Bank has given a gift to its crores of customers. After the RBI’s monetary policy meeting, HDFC Bank has increased the interest rates on Fixed Deposit. The bank is offering FDs from 7 days to 10 years. The bank has increased the interest rate on FDs by 20 basis points i.e. 0.20 percent. This increase has been made on FDs of only a few periods. These new rates have been implemented from today, June 10, 2024.

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HDFC Bank added new FD

The bank has added a new period option for FDs of 2 years to 5 years. HDFC Bank has added FDs with periods of 2 years 11 months 1 day to 3 years, 3 years 1 day to 4 years 7 months, 4 years 7 months to 55 months, 4 years 7 months 1 day to less than 5 years. On this, the bank is offering 7.70 percent interest to senior citizens.

Also Read: Post Office: By saving just Rs 2,778, you will get Rs 14,49,948 in 5 years. Details here

HDFC Bank interest rates on FDs up to Rs 2 crore

Tenor Bucket < 2 Crore
  Interest Rate (per annum) **Senior Citizen Rates (per annum)
7 – 14 days 3.00% 3.50%
15 – 29 days 3.00% 3.50%
30 – 45 days 3.50% 4.00%
46 – 60 days 4.50% 5.00%
61 – 89 days 4.50% 5.00%
90 days < = 6 months 4.50% 5.00%
6 months 1 days < = 9 months 5.75% 6.25%
9 months 1 day to < 1 year 6.00% 6.50%
1 year to < 15 months 6.60% 7.10%
15 months to < 18 months 7.10% 7.60%
18 months to < 21 months 7.25% 7.75%
21 months – 2 years 7.00% 7.50%
2 Years 1 day to < 2 Year 11 Months 7.15% 7.65%
2 Years 11 Months – 35 Months 7.15% 7.65%
2 Years 11 Months 1 day < = 3 Year 7.15% 7.65%
3 Years 1 day to < 4 Years 7 Months 7.20% 7.70%
4 Year 7 Months – 55 months 7.20% 7.70%
4 Year 7 Months 1 day < = 5 Years 7.20% 7.70%
5 Years 1 day – 10 Years 7.00% 7.50%

 

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