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HDFC Bank Revises Interest Rate On Non-Withdrawable Deposits (W.e.f. 28.03.2022)
The interest rate on both withdrawable and non-withdrawable Domestic/NRE/NRO term deposits for amounts higher than or equal to Rs 5 Cr has been revised by the private sector lender HDFC Bank. The bank has adjusted the interest rate with effect from March 28, 2022.
HDFC Bank Non-Withdrawable FD Interest Rates
Non-withdrawable fixed deposits mean that the depositor cannot close the account before the period of the deposit has been completed. Nonetheless, in unusual circumstances, such as in the event of any instruction from any judiciary/statutory and/or regulatory agencies cases or dead claim settlement situations, one may make a premature withdrawal of these deposits.
HDFC Bank will not pay interest on the principal amount of these deposits if they are prematurely withdrawn except in the case of a death claim payment. Any interest credited or paid up to the date of the deposit's premature closure will be reclaimed by the bank. Interest will be paid to the claimant or nominee if FDs are prematurely withdrawn owing to a death claim.
The contracted rate or the base rate applicable for the duration of the deposit maintained with the bank, whichever is lower, shall apply to such withdrawals. The interest rates w.e.f 28th March 2022 on non-withdrawable Domestic/NRE/NRO term deposits for amounts higher than or equal to Rs 5 Cr are as follows.
| Tenors | Rs 5 Cr to 5.25 Cr | Rs 5.25 Cr to 5.5 Cr | Rs 5.5 Cr to 24.75 Cr | Rs 24.75 cr to 25 Cr | Rs 25 Cr to 50 Cr | Rs 50 Cr to 75 Cr | Rs 75 Cr to 100 Cr | Rs 100 Cr to 150 Cr | Rs 150 Cr to 200 Cr | Above Rs 200 Cr |
|---|---|---|---|---|---|---|---|---|---|---|
| 91 days to less than or equal to 6 months | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% |
| 6 months 1 day to less than or equal to 9 months | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.50% |
| 9 months 1 day to less than 1 year | 4.15% | 4.15% | 4.15% | 4.15% | 4.15% | 4.15% | 4.15% | 4.15% | 4.15% | 4.55% |
| 1 year to less than 15 months | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% |
| 15 months to less than 18 months | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% |
| 18 months to less than 21 months | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% |
| 21 months to 2 years | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% |
| 2 year 1 day to 3 years | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% |
| 3 year 1 day to 5 years | 4.70% | 4.70% | 4.70% | 4.70% | 4.70% | 4.70% | 4.70% | 4.70% | 4.70% | 4.70% |
| 5 years 1 day to 10 years | 4.70% | 4.70% | 4.70% | 4.70% | 4.70% | 4.70% | 4.70% | 4.70% | 4.70% | 4.70% |
| Source: Bank Website |
HDFC Bank Interest Rates On Withdrawable Deposits of More than Rs 5 Cr
On withdrawable Domestic/NRE/NRO term deposits for amounts higher than or equal to Rs 5 Cr, the bank is now offering the following interest rates w.e.f. 28th March 2022.
| Tenors | Rs 5 Cr to 5.25 Cr | Rs 5.25 Cr to 5.5 Cr | Rs 5.5 Cr to 24.75 Cr | Rs 24.75 cr to 25 Cr | Rs 25 Cr to 50 Cr | Rs 50 Cr to 75 Cr | Rs 75 Cr to 100 Cr | Rs 100 Cr to 150 Cr | Rs 150 Cr to 200 Cr | Above Rs 200 Cr |
|---|---|---|---|---|---|---|---|---|---|---|
| 7 - 14 days | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
| 15-29 days | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
| 30-45 days | 2.75% | 2.50% | 2.75% | 2.50% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% |
| 46-60 days | 2.75% | 2.50% | 2.75% | 2.50% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% |
| 61-90 days | 3.00% | 2.75% | 3.00% | 2.75% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% |
| 91 days to less than or equal to 6 months | 3.35% | 2.75% | 3.35% | 2.75% | 3.35% | 3.35% | 3.35% | 3.35% | 3.35% | 3.35% |
| 6 months 1 day to less than or equal to 9 months | 3.60% | 3.00% | 3.60% | 3.00% | 3.60% | 3.60% | 3.60% | 3.60% | 3.60% | 3.80% |
| 9 months 1 day to less than 1 year | 3.70% | 3.00% | 3.70% | 3.00% | 3.70% | 3.70% | 3.70% | 3.70% | 3.70% | 3.85% |
| 1 year to less than 15 months | 4.05% | 3.20% | 4.05% | 3.20% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% |
| 15 months to less than 18 months | 4.10% | 3.20% | 4.10% | 3.20% | 4.10% | 4.10% | 4.10% | 4.10% | 4.10% | 4.10% |
| 18 months to less than 21 months | 4.25% | 3.20% | 4.25% | 3.20% | 4.25% | 4.25% | 4.25% | 4.25% | 4.25% | 4.25% |
| 21 months to 2 years | 4.25% | 3.20% | 4.25% | 3.20% | 4.25% | 4.25% | 4.25% | 4.25% | 4.25% | 4.25% |
| 2 year 1 day to 3 years | 4.50% | 3.20% | 4.50% | 3.20% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% |
| 3 year 1 day to 5 years | 4.60% | 3.20% | 4.60% | 3.20% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% |
| 5 years 1 day to 10 years | 4.60% | 3.20% | 4.60% | 3.20% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% |
| Source: Bank Website |
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