FINANCE

HDFC Bank Hikes Interest Rate On Fixed Deposits; Check New Rates

HDFC Bank interest rate on FD:  HDFC, the country’s largest private sector bank, has increased the interest rate on bulk FDs( Deposits above Rs 2 crore to up to Rs 5 crore). The new rates on bulk FD have come into effect from February 3, 2024. The bank has hiked interest rates on FDs maturing between one year to 15 months. The bank is offering a 7.40 per cent interest rate on FD of one year to 15 months. Senior citizens will get 0.5 per cent more interest rate on their investment.

Read More: How To Close A Fixed Deposit Account Before Maturity

Interest rates on FD (from Rs 2 crore to Rs 5 crore)

  • 7 to 29 days- For general public – 4.75 percent, For senior citizens – 5.25 percent
  • 30 to 45 days: For general public – 5.50 percent, For senior citizens – 6 percent
  • 46 days to 60 days: For general public – 5.75 percent, For senior citizens – 6.25 percent
  • 61 to 89 days: For general public – 6 percent, For senior citizens – 6.50 percent
  • 90 to 6 months: For general public – 6.50 percent, For senior citizens – 7 percent
  • 6 months 1 days to less than 9 months: For general public – 6.65 percent, For senior citizens – 7.15 percent
  • 9 months 1 day to less than 1 year: For general public – 6.75 percent; For senior citizens – 7.15 percent
  • 1 year to less than 15 months: For general public – 7.40 percent, For senior citizens – 7.90 percent
  • 15 months to less than 18 months: For general public – 7.05 percent, For senior citizens – 7.55 percent Read More: National Saving Scheme: Know Eligibility, Interest Rate, And Other Benefits
  • 18 months 1 day to less than 21 months: For general citizen – 7.05 percent, For senior citizens – 7.55 percent
  • 21 months to 2 years: For general public – 7.05 percent; For senior citizens – 7.55 percent
  • 2 years to 3 Years: For general public – 7.00 percent; For senior citizens – 7.50 percent

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