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HDFC Bank hikes FD interest rates check tenure wise latest bank fixed deposit rate – Business News India


Bank FD Rates- Private sector HDFC Bank has elevated interest rates on fixed deposits (FDs) for a choose interval. HDFC Bank has modified the rates on deposits of lower than Rs 2 crore. The bank’s elevated rates on FD are relevant from 12 January 2022. According to the bank’s web site, the bank has elevated the interest rates by as much as 10 foundation factors (bps) for a choose interval. Now interest from 2.50 to five.60% shall be accessible on FD. At the identical time, senior residents will get 0.50% extra.

Know how a lot interest shall be accessible on FD in HDFC Bank?
According to the data given on the bank’s web site, now FDs between 2 years, 1 day and three years will get 5.2% interest. 5.4% on 3 yr 1 day and 5 yr FD and 5.6% on 5 yr 1 day and 10 yr FD. According to the bank’s web site, HDFC Bank pays an interest of two.50 per cent on deposits maturing in 7 to 29 days and three per cent on FDs with maturities of 30 to 90 days. FDs with maturities of 91 days to six months pays 3.5 p.c interest and for FDs with maturities of 6 months to 1 day to lower than one yr, interest shall be 4.4 p.c. On the opposite hand, the bank is providing 4.9 p.c on one yr FD.

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Know the brand new rates-

Duration Rate of interest interest for senior residents
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 3.50% 4.00%
91 days to six months 3.50% 4.00%
6 months 1 day – 9 months 4.40% 4.90%
9 months 1 day – lower than 1 yr 4.40% 4.90%
1 yr 4.90% 5.40%
1 yr 1 day – 2 years 5.00% 5.50%
2 years 1 day – 3 years 5.20% 5.70%
3 years 1 day – 5 years 5.40% 5.90%
5 years 1 day – 10 years 5.60% 6.35%

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FD rates of different banks
In comparability to HDFC Bank, State Bank of India (SBI) is providing 2.9-5.4% interest rates on FDs with completely different tenors starting from 7 days to 10 years for deposits under Rs 2 crore. ICICI Bank FD rates vary between 2.5-5.5% for tenures starting from 7 days to 10 years.

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