HDFC Bank New Update on FD: The country’s largest bank HDFC Bank has changed its interest rates on this Fixed Deposit (FD) from ₹ 2 crore to less than ₹ 5 crore.
The country’s largest bank HDFC Bank has changed its interest rates on bulk fixed deposits (FD) from ₹ 2 crore to less than ₹ 5 crore. After this change, the bank is giving returns between 4.75 per cent to 7 per cent for general public and 5.25 per cent to 7.75 per cent for senior citizens on deposit tenure of 7 days to 10 years. The maximum interest rate for deposits maturing in 1 year to 15 months is currently 7.75 per cent for senior citizens and 7.25 per cent for regular customers. According to the official website of HDFC Bank, the new bulk FD rates are effective from May 27, 2023.
HDFC Bank Bulk FD Rates
On bulk deposits maturing in 7 to 29 days, the bank is now offering an interest rate of 4.75 per cent and for those maturing in 30 – 45 days, HDFC Bank is now offering an interest rate of 5.50 per cent. HDFC Bank is now offering an interest rate of 5.75 per cent on deposit tenure of 46 – 60 days and 6.00 per cent interest rate on deposit tenure of 61-89 days.
Deposits maturing in 90 days to 6 months will get an interest rate of 6.50 percent and those maturing in 6 months, 1 day to 9 months will get an interest rate of 6.65 percent. The bank will offer an interest rate of 6.75 per cent on fixed deposits maturing in 9 months, 1 day to 1 year, while HDFC Bank will offer an interest rate of 7.25 per cent on FDs maturing in 1 year to 15 months. For FDs maturing between 15 months to two years, HDFC Bank will pay an interest rate of 7.05 per cent and for FDs maturing in two years one day to ten years, the interest rate will be 7 per cent.
Additional interest rate for senior citizens
Senior Citizens will get an additional interest rate of 50 bps on Fixed Deposits of 7 days to 5 years, however, for a period of 5 years to 10 years, an additional premium of 0.25% and an additional premium of 0.50% will be given to senior citizens, which is the total additional premium Let us take the interest rate benefit of 0.75% more.
