HDFC Update: HDFC Bank gave a big gift to customers, increased the interest rates on FD...

Just a few days ago, HDFC Bank gave good news to crores of its customers. After increasing the interest rate on loans, crores of customers of HDFC, the largest private sector bank, have become happy. The bank has increased the interest rate on FDs of less than Rs 2 crore by 25 basis points. According to the information received from HDFC Bank, the new FD rate has been implemented since February 2024. The bank is offering interest between 3.5% to 7.75% on tenure ranging from 7 days to 10 years. The bank has increased the interest on FDs from 18 months to less than 21 months from 7% to 7.25%.

HDFC Bank is offering 3% interest to general citizens on FDs maturing between 7 to 29 days. Interest at the rate of 3.50% will be available on FDs maturing between 30 to 45 days. Whereas FDs maturing between 46 days to less than six months will get 4.50% interest. The bank is offering 5.75% interest on FDs ranging from six months, one day to 9 months. Interest at the rate of 6 percent will be available on FDs with maturity in nine months, one day to less than one year.

Talking about general interest rates, currently, 6.60 percent interest is available on FDs maturing between one year and less than 15 months. But 7.10 percent interest is given on FD between 15 months to 18 months. The bank has increased the interest rate on FDs from 18 months to less than 21 months by 25 basis points. It has been increased from 7% to 7.25%. The bank is giving interest at the rate of 7.15% on FD from 21 months to 2 years 11 months. Apart from this, the bank is offering 7.20% interest on FD of 55 months (4 years 7 months) (HDFC interest rates).

Let us tell you that HDFC Bank is giving 50 basis points more interest on FD for senior citizens. The bank is offering interest between 3.5% to 7.75% on FDs ranging from 7 days to 10 years. The highest interest rate is 7.75% for a tenure of less than 18 to 21 months. The bank has again revised its bulk deposit interest rate, this time it has increased the FD interest rate by 20 bps from 7.05 to 7.25% (increase the interest rate on FD) for tenure from 18 months to less than 21 months.

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