HDFC Fixed Deposit interest rates: HDFC Bank will give low interest rates to those investing on savings scheme FD. The bank has implemented reduction in the interest rates being given on two special tenure fixed deposits.
New Delhi: Private sector bank HDFC has given a shock to FD investors and reduced the interest rates on two special tenures. The bank has said that the interest rates on FDs with tenure of 35 months and 55 months have been reduced with effect from October 1. An amount up to Rs 2 crore can be invested in both FDs.
According to the website of HDFC Bank, now interest rate of 7.15% will be given on FD with tenure of 35 months. Whereas, investors will be given an interest rate of 7.20% on FD with tenure of 55 months. Earlier, the bank was giving 7.20% interest on FD with tenure of 35 months and 7.25% interest on FD with tenure of 55 months.
HDFC Bank Latest FD Interest Rates
- HDFC Bank is offering 3% interest rate on fixed deposits maturing between 7 days to 29 days. Whereas, FDs maturing between 30 days to 45 days will get 3.50% interest, while FDs maturing between 46 days and less than six months will get 4.50% interest rate.
- The bank offers 5.75% interest rate on FDs maturing between six months to one day and less than nine months.
- The bank will give 6 percent interest rate on FDs with maturity of nine months to one day and less than one year.
- Currently, 6.60% interest rate is available on FDs maturing between one year and less than 15 months.
- 7.10% interest rate is available on FDs maturing between 15 months to less than 18 months.
- HDFC Bank will now offer 7% interest rate on FDs with maturity ranging from eighteen months to two years and less than eleven months.
Interest rate reduced on two special tenures
HDFC Bank has increased the interest rate on special version 35-month tenure FD for regular citizens to 7.15%, which was earlier 7.20%. At the same time, the special version FD with 55-month tenure will now get 7.20% interest rate which was earlier 7.25%. 7.20% interest rate will be given on FD with tenure of 4 years 7-months. The bank will pay 7% on other tenures.
