HDFC Bank Launches New Fixed Deposit Scheme with Higher Interest Rates

HDFC Bank has introduced a new Fixed Deposit Scheme (FD) with higher interest rates, available for a limited period.

Customers can now avail an interest rate of 7.20% for a 35-month term and 7.25% for a 55-month term, according to the bank’s website. Senior citizens will receive an additional 0.50% interest rate on these special edition FDs.

Interest Rates on FDs

The bank is offering a 3% interest rate for FDs between 7 to 29 days. FDs of 30 to 45 days will yield an interest rate of 3.50%, while FDs between 46 days and less than six months will earn 4.50% interest. Customers can earn 5.75% interest on FDs between six months and one day to less than nine months, and 6% interest on deposits of nine months and one day up to one year.

Benefits of the Scheme

  • Under this scheme, customers can earn an interest rate of 6.60% on FDs of one year to less than 15 months, and 7.10% on FDs of 15 months and less than 18 months. For deposits of 18 months to 2 years 11 months, an interest rate of 7% will be applicable.
  • The bank has also introduced a special edition FD with a tenure of 35 months, offering an interest rate of 7.20%. For a tenure of 4 years and 7 months, customers can earn an interest rate of 7.25%. For other FDs, the bank will pay 7% interest rate.

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Sorted points by DelhiBreakings.com team.

👉 HDFC Bank has launched a special Fixed Deposit Scheme (FD) offering higher interest rates.
👉 The Fixed Deposit schemes have been introduced for a limited period.
👉 Interest will be given at the rate of 7.20% for a period of 35 months and at the rate of 7.25% for a period of 55 months in Special Edition Fixed Deposit.
👉 0.50 percent more interest will be given to senior citizens.
👉 HDFC Bank is now offering 3% interest rate on FDs between 7 to 29 days.
👉 3.50 percent interest on FDs of 30 to 45 days.
👉 4.50 percent interest will be given on FDs between 46 days and less than six months.
👉 The bank will pay 5.75 per cent interest on FDs of six months and one day to less than nine months.
👉 6 per cent interest rate will be applicable for deposits of nine months and one day and less than one year.
👉 The bank is providing 6.60 per cent interest rate on fixed deposits scheme of one year to less than 15 months.
👉 7.10 per cent interest rate on FDs of 15 months and less than 18 months.
👉 18 months to 2 years 11 Interest rate of 7% will be payable on deposits of less than one month.
👉 HDFC Bank has introduced a special edition FD with a tenure of 35 months, offering an interest rate of 7.20 per cent.
👉 An interest rate of 7.25 per cent for a tenure of 4 years, 7 months.
👉 The bank will pay 7% interest on other FDs.

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