HDFC Raised Interest Rates on FDs

HDFC Bank has raised interest rates on fixed deposits (FDs) for selected tenors. The bank has notified in its website that it has raised interest rates on FDs worth less than Rs 2 crore with maturities of above two by five-10 basis points.

Now FDs with tenure between 2 years 1 day and 3 years will earn 5.2%, 3 years 1 day and 5 years will fetch 5.4% and 5 years 1 day and 10 years will fetch 5.6%.

Further, HDFC Bank will continue to offer 2.50 percent interest rate on deposits with a maturity of 7 to 29 days, and 3 percent interest rate on FDs with a maturity of 30 to 90 days. 3.5 percent for FDs with maturity of 91 days to 6 months, and 4.4 percent for FDs with 6 months 1 day to less than one-year tenor. On one-year FDs, the bank is offering 4.9 percent.
However, these rates will be effective from 12th January, 2022. Along with this, the bank has also provided a detailed list of the new interest rates, given below:

Knowledge Source :

SBI Raises Lending Base Rate by 0.1 Percent

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