The bank is currently offering interest rates ranging from 4.75% to 7.40% for general public and 5.25% to 7.90% for senior citizens on FD tenures ranging from 7 days to 10 years.
Bank Interest Rate: A smart investor has many options from which he can earn good profits. Among these, most investors choose the option where there is no risk. The best option of this kind is Fixed Deposit i.e. FD. Private sector HDFC Bank has made an important change regarding FD.
What is the change
Actually, the bank has revised its interest rates on bulk FDs of ₹3 crore to less than ₹5 crore. After the revision, India’s largest private sector lender i.e. HDFC Bank is currently offering interest rates ranging from 4.75% to 7.40% for the general public and 5.25% to 7.90% for senior citizens on FD tenures of 7 days to 10 years. According to the official website of HDFC Bank, the new FD rates are effective from 5 December 2024.
How much interest rate on which deposit
The bank is now offering an interest rate of 4.75% on bulk deposits maturing in 7 to 29 days. At the same time, the bank is also promising to give an interest rate of 5.50% on deposits maturing in 30 to 45 days. Now HDFC Bank is offering 5.75% interest on deposits between 46 to 60 days and 6.00% interest on deposits between 61 to 89 days. Apart from this, an interest rate of 6.50% will be paid on deposits maturing in 90 days to 6 months. At the same time, 6.85% will be paid on deposits maturing in 6 months, 1 day to 9 months.
On maturity in one year
For deposits maturing in nine months, one day to one year, the bank will offer an interest rate of 6.75%, while HDFC Bank will offer an interest rate of 7.4% on deposits maturing for a period of 1 year to 15 months. For deposits maturing between 15 months to two years, the bank will offer an interest rate of 7.05%. Similarly, for deposits maturing between two years, one day to ten years, the interest rate is 7%.
Let us tell you that the bank last changed its interest rates on customer term deposits of less than ₹3 crore on July 24, 2024. With maturity periods ranging from seven days to ten years, the bank now offers interest rates between 3% and 7.00%.
