HDFC – The country’s largest private bank HDFC Bank has given a big shock to its crores of customers. Actually the bank has reduced the interest rates on fixed deposits (FD) and savings accounts… due to which now this much interest is being given on FD and savings account-
HDFC Bank The country’s largest private bank HDFC has reduced interest rates on fixed deposits (FDs) and savings accounts of less than Rs 3 crore by 0.25%. This reduction is effective from the 25th, and this is the second time this month that the bank has reduced rates; earlier on the 10th, some selected FDs were also reduced.
HDFC Bank has reduced interest on these FDs-
HDFC Bank has reduced interest rates on FDs of less than 15 months and more than 18 months. Now general customers will get 6.35% interest instead of 6.60%, while for senior citizens it has come down from 7.10% to 6.85%. The current FD rates of the bank are between 2.75% to 6.60% for general customers and 3.25% to 7.10% for senior citizens.
These changes have been made after RBI’s repo rate cut by 50 basis points. It is clear from this that the effect of the fall in interest rates is now directly visible on the savings and investments of the customers.
HDFC Bank’s interest rates on FDs up to Rs 3 crore-
- 7 days to 14 days: For general public – 2.75 percent; For senior citizens – 3.25 percent
- 15 days to 29 days: For general public – 2.75 percent; For senior citizens – 3.25 percent
- 30 days to 45 days: For general public – 3.25 percent; For senior citizens – 3.75 percent
- 46 days to 60 days: For general public – 4.25 percent; For senior citizens – 4.75 percent
- 61 days to 89 days: For general public – 4.25 per cent; For senior citizens – 4.75 per cent
- 90 days to 6 months: For general public – 4.25 per cent; For senior citizens – 4.75 per cent
- 6 months 1 day to less than 9 months: For general public – 5.50 per cent; For senior citizens – 6.00 per cent
- 9 months 1 day to less than 1 year: For general public – 5.75 per cent; For senior citizens – 6.25 per cent
- 1 year to less than 15 months: For general public – 6.25 per cent; For senior citizens – 6.75 per cent
- 15 months to less than 18 months: General public – 6.35 per cent; Senior citizens – 6.85 per cent
- 18 months 1 day to less than 21 months: General public – 6.60 per cent; Senior citizens – 6.95 per cent
- 21 months to 2 years: General public – 6.45 per cent; Senior citizens – 7.20 per cent
- 2 years 1 day to less than 2 years 11 months: General public – 6.45 per cent; Senior citizens – 6.95 per cent
- 2 years 11 months 1 day and up to 35 months – 6.45 per cent; Senior citizens – 6.95 per cent
- 2 years 11 months 1 day and up to 3 years – 6.45 per cent; For senior citizens – 6.95 percent
- 3 years 1 day to 4 years 7 months – 6.40 percent; For senior citizens – 6.90 percent
- 4 years 7 months to 55 months – 6.40 percent; For senior citizens – 7.90 percent
- 4 years 7 months 1 day to less than 5 years: For general public – 6.40 percent; For senior citizens – 6.90 percent
- 5 years to 10 years: For general public – 6.15 percent; For senior citizens – 6.65 percent
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