HDFC bank hikes Interest rates?...


HDFC bank, the largest lender bank in the private sector, has increased the interest rates on Recurring Deposit ie RD. 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 percent on RD for 6 months. hdfc bank will continue to offer an interest rate of 4.40 percent on recurring deposits of 9 months and 5.10 percent 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 percent, which has been increased by 0.15 percent to 5.60 percent. Senior citizens will continue to get a 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 percent in addition to the regular premium of 0.50 percent during the special deposit till september 30, 2022.

How much relief do senior citizens have?

HDFC bank has stated on its website that an additional premium of 0.25 percent will be paid to senior citizens who wish to book fixed deposits of less than Rs 5 crore for a tenure of 5 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. 


మరింత సమాచారం తెలుసుకోండి: