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HDFC Bank hikes fixed deposit interest rates, second time this month, See here new rates

HDFC Bank has hiked interest rates on fixed deposits (FDs) effective today, 26 October 2022. This is the second hike on term deposits by the lender this month. These rates are applicable for deposit amounts less than ₹2 crore. HDFC Bank has hiked FD interest rates by up to 50 basis points (bps). After today’s hike, HDFC Bank is offering an interest rate ranging from 3% to 6.25% on deposits maturing in 7 days to 10 years to general customers.

Senior citizens will receive an additional interest rate of 50 bps over and above those offered to general customers. After today’s hike, senior citizens will get an interest rate ranging from 3.5% to 6.95%*on FDs with tenure 7 days to 10 years.

HDFC Bank hikes FD rates effective 26 October

7 – 14 days 3.00%

15 – 29 days 3.00%

30 – 45 days 3.50%

46 – 60 days 4.00%

61 – 89 days 4.50%

90 days < = 6 months 4.50%

6 months 1 days <= 9 months 5.25%

9 months 1 day to < 1 Year 5.50%

1 Year to 15 months 6.10%

15 months to < 18 months 6.15%

18months to < 21months 6.15%

21 months to 2 years 6.15%

2 years 1 day – 3 years 6.25%

3 Year 1day to 5 years 6.25%

5 Year 1 day to 10 years 6.20%

HDFC Bank revises RD interest rates

HDFC Bank has also revised interest rates on recurring deposits starting today (26 October). The bank will now offer 4.50 percent to 6.25 percent interest rates on RDs with tenures ranging from 6 months to 120 months for the general public.

The State Bank of India (SBI) hiked fixed deposit interest rates for below ₹2 crore with effect from October 22.

Read Also: India Post Recruitment 2022: Big news! Recruitment for many posts including postman, know salary and application date

 

Shyamu Maurya
Shyamu Maurya
Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com
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