After SBI and ICICI Bank, now private sector HDFC Bank has also decided to increase the interest rates on fixed deposits. The new rates of FD interest have come into effect from today.
Private sector bank HDFC Bank has changed the fixed deposit interest rates (FD interest rate Hike). These changes have come into effect from today, ie April 20. The bank has increased the interest rates on fixed deposits of various tenors up to Rs 2 crore.
It is worth noting that recently some other banks including SBI had also changed the interest rates on their FDs. HDFC Bank is offering 2.50 percent interest on FDs maturing in 7 to 29 days. Similarly, on term deposits maturing in 30 to 90 days, the bank has offered interest at the rate of 3% per annum to the customers.
The bank is giving 3.50 percent interest on FDs from 91 days to 6 months. At the same time, HDFC Bank will now pay interest at the rate of 4.40 percent on fixed deposits completed in six months and one day to 9 months and 9 months one day to one year.
Extended interest on long term also
, according to the HDFC Bank website, interest at the rate of 5.10 per cent per annum will be given on fixed deposits maturing in one year to one day to two years. Similarly, 5.20 per cent per annum on FDs maturing in a period of two years to one day to three years, 5.45 per cent per annum on FDs maturing in a period of three years from one day to five years and five years from one day to 10 years. HDFC Bank will now pay interest at the rate of 5.60 per cent on fixed deposits maturing in the tenure.
