HDFC bank has increased the interest rates of recurring deposits after fixed deposits, which have come into effect from May 17.



HDFC bank, the largest lender bank of the private sector, has increased the interest rates on Recurring Deposit (RD). The announcement was made by the bank on May 17, 2022. This change has been made by the bank in RD tenures ranging from 27 months to 120 months. The bank will continue to offer an interest rate of 3.50 per cent on RD for 6 months. hdfc bank will continue to offer an interest rate of 4.40 per cent on recurring deposits of 9 months and 5.10 per cent on deposits of 12 months to 24 months.



Increase in these RDs

The bank had earlier offered an interest rate of 5.20 percent on RDs maturing in 27 months to 36 months, which has now been reduced to 5.40 percent. Earlier, the interest rate on bonds maturing in 39 to 60 months was 5.45 per cent, which has been increased by 0.15 per cent to 5.60 per cent. The interest rate on RDs of 90 to 120 months was earlier 5.60 percent, but now it has been increased by 15 basis points, which has been increased to 5.75 percent.



Senior citizens will continue to get 0.50 percent additional premium on RD for 6 months to 60 months. On RDs with tenures ranging from 5 years to 10 years, senior citizens will get an additional premium of 0.25 per cent in addition to the regular premium of 0.50 per cent during the special deposit till september 30, 2022.




How much relief to senior citizens

HDFC bank has stated on its website that an additional premium of 0.25 per cent will be paid to senior citizens who wish to book fixed deposits of less than Rs 5 crore for a tenure of 5 (five) years. This special offer is applicable for new fixed deposits booked by senior citizens as well as for renewals. This offer is not applicable to NRIs. In this way, senior citizens will get an interest rate of 6.50 percent on RDs of 90 to 120 months, which is 0.75 percent more than the normal rate.

మరింత సమాచారం తెలుసుకోండి: