HDFC Bank last week made major changes in fixed deposit interest rates. The bank is now offering 2.50% interest rates for 7-day to 29-day FDs. At the same time, the bank is offering a 3% interest rate on 30 to 90 days FD. The bank’s new rates are effective May 21. The bank has been offering 2.50% to 5.50% interest rates on FD for 7 days to 10 years.
The good news: it is possible to use any claim bonus on a new vehicle
HDFC Bank New Interest Rates
7 to 29 days – 2.50%
30 to 90 days – 3%
91 to 6 months – 3.5%
1 day from 6 months
1 year – 4.9%
1 year to 1 day – up to 2 years – 4.9%
2 years 1 day – 3 years – 5.15%
3 years to 1 day to 5 years – 5: 30%
5 years 1 day to 10 years – 5:50
Senior citizens get an additional 50 basis points
Senior citizens are given 50 extra points on FD by the bank. Senior citizens are getting 3% to 6.25% interest rates on FDs of 7 to 10 years.
These five major changes are taking place in the services and terms of your daily needs since June