HDFC Bank Changes Interest Rates on Bulk Fixed Deposits
HDFC Bank, the largest bank in India, has recently announced a change in its interest rates on bulk fixed deposits. The change is applicable for deposits ranging from ₹ 2 crore to less than ₹ 5 crore. The interest rates for general public now range from 4.75% to 7%, while senior citizens can earn between 5.25% to 7.75% on deposit tenure of 7 days to 10 years.
New Bulk FD Rates Effective from May 27, 2023
The new interest rates on bulk fixed deposits offered by HDFC Bank will be effective from May 27, 2023. The bank has updated its official website with the new rates, which apply to deposits maturing in 7 days to 10 years.
Interest Rates on Different Deposit Tenures
The bank is now offering different interest rates on deposits maturing in different tenures. For instance, the interest rate on deposits maturing in 7 to 29 days is 4.75%, while for those maturing in 30 to 45 days, the interest rate is 5.50%. HDFC Bank offers an interest rate of 5.75% on deposits maturing in 46 to 60 days and 6.00% on deposits maturing in 61 to 89 days.
Senior Citizens to Get Additional Interest Rate
Senior citizens can earn an additional interest rate of 50 bps on fixed deposits of 7 days to 5 years. For deposits maturing in 5 years to 10 years, an additional premium of 0.25% and 0.50% will be given to senior citizens, which is a total additional premium of 0.75%.
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Sorted points by DelhiBreakings.com team.
👉 HDFC Bank has changed its interest rates on bulk FDs from ₹2 crore to less than ₹5 crore.
👉 The bank is now giving returns between 4.75% to 7% for general public and 5.25% to 7.75% for senior citizens.
👉 The maximum interest rate for deposits maturing in 1 year to 15 months is currently 7.75% for senior citizens and 7.25% for regular customers.
👉 The new bulk FD rates are effective from May 27, 2023.
👉 HDFC Bank is offering an interest rate of 4.75% on bulk deposits maturing in 7 to 29 days.
👉 HDFC Bank is offering an interest rate of 5.50% on bulk deposits maturing in 30 to 45 days.
👉 HDFC Bank is offering an interest rate of 5.75% on bulk deposits maturing in 46 to 60 days.
👉 HDFC Bank is offering an interest rate of 6.00% on bulk deposits maturing in 61 to 89 days.
👉 HDFC Bank is offering an interest rate of 6.50% on bulk deposits maturing in 90 days to 6 months.
👉 HDFC Bank is offering an interest rate of 6.65% on bulk deposits maturing in 6 months, 1 day to 9 months.
👉 HDFC Bank is offering an interest rate of 6.75% on bulk deposits maturing in 9 months, 1 day to 1 year.
👉 HDFC Bank is offering an interest rate of 7.25% on FDs maturing in 1 year to 15 months.
👉 HDFC Bank is offering an interest rate of 7.05% on FDs maturing between 15 months to two years.
👉 HDFC Bank is offering an interest rate of 7% on FDs maturing in two years one day to ten years.
👉 Senior citizens will get an additional interest rate of 50 bps on Fixed Deposits of 7 days to 5 years.
👉 For a period of 5 years to 10 years, an additional premium of 0.25% and an additional premium of 0.50% will be given to senior citizens.
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