Fixed Deposit: If you are thinking of investing in Fixed Deposit (FD), then this news is for you. HDFC Bank, the largest private sector lender, is going to change the interest rates of its specific time period FDs from October 1.
After this change the interest rates will be reduced. The bank has informed its customers about this change through email. Currently, the bank is giving 7.20% and 7.25% interest to its general customers under this FD of 35 months and 55 months.
Information given through email
HDFC Bank is offering its general customers 3.50% on FD of 7 days to 45 days, 4.50% on FD of 46 days to 6 months, 5.75% on FD of 6 months to 9 months, 9 months to 1 day to less than 1 year. It is giving 6% interest on FD and 6.60% interest on FD of 1 year to less than 15 months.
7.25% interest is available here
On the other hand, the bank is offering 7.10% on FD of 15 months to 18 months, 7% on FD of 18 months to 2 years 11 months, 7.20% on FD of 2 years 11 months to 35 months and 35 months to 1 day to 4 years 7 months. Is giving 7% interest on FD. At the same time, the bank is offering 7.25% interest on FD of 4 years, 7 months to 55 days and 7% interest on FD of 4 years, 7 months, 1 day to 10 years.
Disclaimer: Only information about share performance is given here, it is not investment advice. Investing in stock market is subject to risk and please consult your advisor before investing.
