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HDFC Bank Cuts FD Interest Rates By As Much As 0.15%

By Staff
|

HDFC Bank recently reduced interest rates on fixed deposits across various tenures by as much as 15 basis points. The private lender offers term deposit facilities for 7 days to 10 years.

 
HDFC Bank Cuts FD Interest Rates By As Much As 0.15%

In its latest round of rate cuts, the bank lowered its interest offered on 1 year fixed deposits from 6.45 percent to 6.30 percent for sums less than Rs 2 crore.

Overall, the interest rates offered range between 3.50 and 6.30 percent. Senior citizens will continue to earn 0.50 percent extra interest over the general public.

Revised HDFC Bank FD interest rates with effect from 16 November 2019 for deposits lower than Rs 2 crore:

TenureGeneral Interest RatesSenior Citizen Interest Rates
7 - 14 days3.50%4.00%
15 - 29 days4.00%4.50%
30 - 45 days4.90%5.40%
46 days - 6 months5.40%5.90%
6 months 1 days - 9 months5.80%6.30%
9 months 1 day 6.05%6.55%
1 year - 2 years6.30%6.80%
2 years 1 day - 3 years6.40%6.90%
3 year 1 day- 10 years6.30%6.80%

Story first published: Monday, November 18, 2019, 15:14 [IST]
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