HDFC Bank FD Rate: After increasing the repo rate by RBI, HDFC Bank has increased the interest rates on FDs. The new interest rates have come into effect from October 11, 2022. Let’s know the latest rates.
FD higher fd interest rate: After the increase in the repo rate by the RBI, banks have also started increasing the interest rates of loans. While on the one hand the common people have been shocked by the increase in the interest rate on loans, on the other hand the interest rates on bank deposits have started increasing. In the same sequence, HDFC Bank has also increased the rates of its fixed deposits i.e. FD by .75 basis points. The new rates have become effective from October 11, 2022.
New FD Rate’s
Let us tell you that HDFC Bank has increased the interest rates on FDs of less than Rs 2 crore.
1. Under this, 3 percent interest will be available on fixed deposits of 7 to 29 days.
2. On 30 to 60 days, 3.50 percent interest will be available.
3. 4 percent interest will be available on 61 to 89 days.
4. For 90 to 6 months 4.25 percent interest will be available.
5. For 6 months 1 day to 9 months 5 percent interest will be available.
6. For 9 months to less than 1 year, 5 percent interest will be available.
7. For 1 year, 5.70 percent interest will be available.
8. For 1 year 1 day to 2 years, 5.70 percent interest will be available.
9. For 2 years 1 day to 3 years, 5.80 percent interest will be available.
10. For 3 years 1 day to 5 years, 6.10 percent interest will be available.
Will get more interest from SBI and Post Office?
Let us tell you that HDFC has increased the interest rate by .75 basis points, yet SBI, Post Office, ICICI Bank is paying more interest than this. SBI is paying 6.1 percent interest on 5-year FD, 6.7 percent on Post Office 5-year FD and ICICI Bank 6.6 percent.
Many banks have increased interest rates on FD
After the increase in the repo rate by RBI, many banks have increased their FD rates. Private sector Axis Bank has also increased its FD rates.
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