People in the nation frequently invest via FDs. People continually receive interest in FDs at a fixed rate. A bank has recently provided consumers with favorable interest rates on FDs. Two unique FDs from HDFC Bank have been introduced; they come with higher interest rates and are only accessible for a short time. The HDFC Bank Special Edition Fixed Deposit has been introduced, according to the HDFC Bank website. Higher FD rates have been implemented, at 7.20 percent for a 35-month term and 7.25 percent for a 55-month term. Senior folks, however, will receive an extra 0.5% advantage.
Current HDFC Bank Fixed-Term Interest Rates
Up till May 29, 2023, HDFC Bank is presently offering a 3% interest rate on FDs with terms of 7 to 29 days. A 3.50% interest rate will be paid on deposits that mature between 30 and 45 days, while a 4.50% interest rate will be paid on FDs that mature between 46 days and fewer than six months. For deposits lasting six months and one day to fewer than nine months, the bank gives a 5.75% interest rate. The bank will provide an interest rate of 6% for deposits made for nine months and one day or less than a year.
HDFC Bank
The current interest rates offered by HDFC Bank for fixed deposits are 6.60% for those with terms of one year to less than 15 months and 7.10% for those with terms of 15 months to less than 18 months. On deposits held for less than 18 months but up to 2 years and 11 months, HDFC Bank will now pay an interest rate of 7%.
Bank FD
Bank has launched a limited-edition FD with a 35-month term that gives regular residents an interest rate of 7.20% and 7.25% on a term of 4 years, 7 months, which is a term of 55 months. A special edition FD is also available. On any other remaining tenure, the bank will pay 7%.
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