HDFC Bank reduces FD interest rates on these tenures: Check latest fixed deposit rates The new rates are effective from October 1, 2023
HDFC Bank, a private sector bank, reduced fixed deposit interest rates of two special tenure fixed deposit schemes – these are for FD tenures of 35 and 55 months. Note that special edition fixed deposit options were available for deposits up to Rs 2 crore. The new rates are effective from October 1, 2023.Earlier, the bank was offering 7.20% on tenure of 35 months and 7.25% on tenure of 55 months. According to the HDFC Bank website, Enjoy HIGHER FD Rates @7.15% on tenure 35 months and @7.20% on tenure 55 months. What's more? Senior Citizen benefits 0.50% EXTRA!...So Hurry! Valid for Limited Period only!”
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Latest HDFC Bank FD interest rates
HDFC Bank is currently giving a 3% interest rate on fixed deposits maturing between 7 and 29 days as of May 29, 2023. Deposits maturing between 30 and 45 days will earn 3.50% interest, while FDs maturing between 46 days and less than six months would receive 4.50% interest.For deposits maturing between six months and one day and less than nine months, the bank gives a 5.75% interest rate. The bank will give a 6% interest rate on deposits maturing between nine months and one day and less than one year.
Fixed deposits maturing between one year and less than 15 months currently earn a 6.60% interest rate, while FDs maturing between 15 months and less than 18 months get a 7.10% interest rate.
HDFC Bank will now offer a 7% interest rate on deposits maturing between eighteen months and less than two years and eleven months.
The bank has revised a special edition 35-month term FD with an interest rate of 7.15% for regular citizens from earlier 7.20% and 7.20% on a 4-year, 7-month term FD on special edition 55-month term FD from earlier 7.25%. The bank will pay 7% on tenures on other remaining tenures.
Interest Rate General Citizens
RatesSenior Citizen Rates7 - 14 days3.00%3.50%15 - 29 days3.00%3.50%30 - 45 days3.50%4.00%46 - 60 days4.50%5.00%61 - 89 days4.50%5.00%90 days 4.50%5.00%6 months 1 days 5.75%6.25%9 months 1 day to 6.00%6.50%1 year to 6.60%7.10%15 months to 7.10%7.60%18 months to 7.00%7.50%21 months - 2 years7.00%7.50%2 Years 1 day to 7.00%7.50%2 Years 11 Months - 35 Months7.15%7.65%2 Years 11 Months 1 day 7.00%7.50%3 Years 1 day to 7.00%7.50%4 Year 7 Months - 55 months7.20%7.70%4 Year 7 Months 1 day 7.00%7.50%5 Years 1 day - 10 Years7.00%7.75%*Source: Bank website
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Senior Citizen FD rates
For senior citizens the bank will offer interest rate between 3.50% to 7.75% for tenures ranging from 7 days to 10 years. On a special edition FD of 35 days tenure, the bank offers 7.60% and 7.70% on special edition FD of 55 months tenure.
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This story originally appeared on: India Times - Author:Faqs of Insurances
