Tuesday, September 21, 2021

HDFC Bank Offers Up To 5.5% Interest On Fixed Deposit. See Latest HDFC Bank Fixed Deposit Rates Here

HDFC Financial institution gives 5.50% on fastened deposit account beneath Rs 5 crore with tenure of 5 years 1 day – 10 years

HDFC Financial institution, the nation’s largest personal sector lender, presently gives 5.50 per cent curiosity on fastened deposit account beneath Rs 5 crore with tenure of 5 years 1 day – 10 years, in keeping with HDFC Financial institution web site https://www.hdfcbank.com. The financial institution gives further 0.50 per cent curiosity throughout tenors to senior residents. The maturity interval for fastened deposits provided by the HDFC Financial institution begins from seven days and go on for 10 years. HDFC Financial institution revised its rates of interest on fastened deposits with impact from November 13, 2020. (Additionally Learn: Kotak Mahindra Financial institution Gives These Curiosity Charges Yearly On Mounted Deposits)

Listed below are the most recent fastened deposit rates of interest provided by HDFC Financial institution:

Tenor Bucket Curiosity Price (every year) Curiosity Price For Senior Citizen Charges (every year)
7 – 14 days 2.50% 3.00%
15 – 29 days 2.50% 3.00%
30 – 45 days 3.00% 3.50%
46 – 60 days 3.00% 3.50%
61 – 90 days 3.00% 3.50%
91 days – 6 months 3.50% 4.00%
6 months 1 days – 9 months 4.40% 4.90%
1 yr 1 day – 2 years 4.90% 5.40%
2 years 1 day – 3 years 5.15% 5.65%
3 yr 1 day- 5 years 5.30% 5.80%
5 years 1 day – 10 years 5.50% 6.25%

Supply: HDFC Financial institution web site

This yr, the Reserve Financial institution of India (RBI) has decreased the repo charge – or the important thing rate of interest at which it lends cash to banks – by a complete of 115 foundation factors since February, on prime of 135 foundation factors final yr. This has additionally compelled banks to decrease their FD charges.

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