New Delhi: There is big news for HDFC Bank customers. The bank has made 7% on FDs of less than Rs 2 crore. The new rates have become effective from 14 December 2022. India’s largest lender State Bank of India (SBI) increased its Fixed Deposit (FD) interest rates yesterday.
HDFC’s new FD rate
Talking about HDFC’s new FD rates, these rates have increased from three percent to seven percent. These are something like this-
>> 7 – 14 days 3.00%
>> 15 – 29 days 3.00%
>> 30 – 45 days 3.50%
>> 46 – 60 days 4.50%
>> 61 – 89 days 4.50%
>> 90 days <= 6 months 4.50%
>> 6 months 1 day <= 9 months 5.75%
>> 9 months 1 day to < 1 year 6.00%
>> 1 year to < 15 months 6.50%
>> 15 months to <18 months 7.00%
>> 18 months to < 21 months 7.00%
>> 21 Months – 2 Years 7.00%
>> 2 years 1 day – 3 years 7.00%
>> 3 Years 1 Day – 5 Years 7.00%
>> 5 years 1 day – 10 years 7.00%
Senior Citizen FD Rate
HDFC Bank has also changed the senior citizen FD rates. These are something like this-
>> 7 – 14 days 3.50%
>> 15 – 29 days 3.50%
>> 30 – 45 days 4.00%
>> 46 – 60 days 5.00%
>> 61 – 89 days 5.00%
>> 90 days <= 6 months 5.00%
>> 6 months 1 day <= 9 months 6.25%
>> 9 months 1 day to < 1 year 6.50%
>> 1 year to < 15 months 7.00%
>> 15 months to <18 months 7.50%
>> 18 months to < 21 months 7.00%
>> 21 Months – 2 Years 7.50%
>> 2 years 1 day – 3 years 7.50%
>> 3 Years 1 Day – 5 Years 7.50%
>> 5 years 1 day – 10 years 7.75%
SBI has also increased the rates
For information, let us tell you that the State Bank of India has also increased its FD rates yesterday. FD interest rates have been increased from 25 basis points to 65 basis points, while the FD scheme rates available for senior citizens have increased from 3.50 percent to 7.25 percent.
