Private sector bank HDFC Bank has reduced FD interest rates for two special periods. This deduction has been made on FDs of 35 months and 55 months. These new rates have come into effect from 1 October 2023.
Private sector bank HDFC Bank has reduced FD interest rates for two special periods. This deduction has been made on FDs of 35 months and 55 months. These new rates have come into effect from October 1, 2023, which are for FDs up to Rs 2 crore. Till now the bank was offering 7.20 percent interest rate on 35 month FD and 7.25 percent interest rate on 55 month FD. Now the bank has reduced both by 5 basis points i.e. 0.05 percent.
What are HDFC Bank’s FD rates now?
HDFC Bank is currently offering 3 percent interest rate for FDs of 7-29 days duration. Whereas if you make FD for 30-45 days, you will get 3.50 percent interest. On the other hand, you will get 4.50 percent interest on FD ranging from 46 days to 6 months. If you make an FD for a period ranging from 6 months, 1 day to 9 months, you will get 5.75 percent interest. If you make FD for a period ranging from 9 months to one day to less than 1 year, then you can get 6 percent interest.
6.60 percent interest is being given by the bank on those FDs which are maturing in one year to less than 15 months. Whereas for the period from 15 months to less than 18 months, the bank is giving 7.10 percent interest. HDFC Bank is offering 7 percent interest on tenures ranging from 18 months to two years and less than 11 months. 7 percent interest is also available on tenures ranging from 2 years 11 months to less than 4 years 7 months. Apart from this, the bank is also giving only 7 percent interest on FDs ranging from 4 years, 7 months, 1 day to 10 years. Whereas 7.15 percent interest is being given on 35 month FD and 7.20 percent interest is being given on 55 month FD.
Senior citizens will get additional interest
HDFC Bank is offering additional interest to senior citizens. This interest ranges from 3.50 percent to 7.75 percent, which is for the period ranging from 7 days to 10 years. The bank is giving 7.60 percent interest on 35 month special edition FD, while 7.70 percent interest is being given on 55 month special edition FD.
