Apart from SBI, the country’s largest private bank HDFC has increased the interest rates offered by the bank to customers on fixed deposits (FD). These new rates of HDFC have come into effect from February 14.
New Delhi: Apart from the country’s largest public sector bank SBI (SBI), the country’s largest private bank HDFC Bank has increased the interest rates offered by the bank to customers on fixed deposits. According to the information given by the bank, HDFC has increased the interest rates by 5-10 basis points on FDs of less than Rs 2 crore. These hikes have come into effect from February 14. At the same time, the country’s largest state-run bank SBI has also increased the interest rates of fixed deposits of more than 2 years by 10-15 basis points.
FD can be done from 7 days to 10 years
HDFC Bank offers Fixed Deposit (FD) facility to its customers for tenures ranging from 7 days to 10 years. In addition, HDFC Bank also gives additional interest on FD (fixed deposits) to senior citizens.
HDFC Bank latest FD rates
HDFC Bank offers interest ranging from 2.50% to 5.60% on deposits maturing between 7 days to 10 years. HDFC Bank offers 3% to 6.35% interest on FDs maturing in 7 days to 10 years to senior citizens. These hikes have come into effect from February 14.
Tenure Interest Rate Senior Citizen Interest
7-14 days 2.50% 3.00%
15-29 days 2.50% 3.00%
30-45 days 3.00% 3.50%
46-60 days 3.00% 3.50%
61-90 days 3.00% 3.50%
91 days to 6 months 3.50% 4.00%
6 month 1 day – 9 months 4.40% 4.90%
9 months 1 day – less than 1 year 4.40% 4.90%
1 year 5. 0% 5.50%
1 year 1 day – 2 years 5.00% 5.50%
2 years 1 day – 3 years 5.20 % 5.70%
3 years 1 day – 5 years 5.45% 5.90%
5 years 1 day – 10 years 5.60% 6.35%
SBI latest FD rates
SBI FD between 7 days to 10 years will give from 2.9% to 5.5% to general customers. Senior citizens will get an additional 50 basis points (bps) on these deposits. These rates are effective from 15 February 2022.
7 days to 45 days – 2.9%
46 days to 179 days – 3.9%
180 days to 210 days – 4.4%
211 days to less than 1 year – 4.4%
1 year to less than 2 years – 5.1%
2 years to 3 years Less than – 5.2%
from 3 years to less than 5 years – 5.45% to
5 years & up to 10 years – 5.5%
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