If you want to earn more profits by depositing your money in Fixed Deposit (FD), then this news is for you. HDFC Bank (HDFC), the largest private sector lender, has increased interest rates on bulk fixed deposits from Rs 2 crore to less than Rs 5 crore. After this increase in interest rates, the bank is giving interest ranging from 4.75% to 7% to its general customers.
Maximum interest available on FD of 1 year
On the other hand, the bank is paying 5.25% to 7.75% interest to its senior citizen customers for the same period. While the bank is paying a maximum interest of 7.25% to its general customers and a maximum of 7.75% to its senior citizen customers on FDs ranging from 1 year to 15 months. The increased new interest rates of the bank are applicable from 9 March.
Increased new FD rates of the bank
After this increase in interest rates, the bank will give its customers 4.75% on FDs of 7 days to 14 days, 4.75% on FDs of 15 days to 29 days, 5.50% on FDs of 30 days to 45 days and 46 days to 60 days. Paying 5.75% interest on FD. At the same time, the bank is paying 6% interest on FDs of 61 days to 89 days, 6.50% on FDs of 90 days to less than 6 months and 6.65% on FDs of 6 months 1 day to less than 9 months.
Getting 7.25% interest here
On the other hand, banks will pay 7.25% on FDs from 9 months 1 day to less than 15 months, 7.15% on FDs from 15 months to less than 18 months, 7.15% on FDs from 18 months to 2 years and 2 years 1 day. Is giving 7% interest on FDs of 3 to 3 years. At the same time, the bank is giving 7% interest on FDs from 3 years 1 day to 5 years and 7% interest on FDs from 5 years 1 day to 10 years.
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